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Retail investment apps in Southeast Asia attracted a lot of funding last year , and the trend looks set to continue with Vietnam-focused Infina announcing that it has added $4 million to its seed funding. Infina was part of Y Combinator’s Summer 2021 cohort and aspires to become the “Robinhood of Vietnam.” It launched in January 2021.
CoderSchool, a Ho Chi Minh City, Vietnam-based online coding school startup, announced today $2.6 In Vietnam, the demand for IT talent is dramatically increasing by 47% a year, while supply is only increasing by 8% year-on-year. Vietnam after-school learning startup Marathon raises $1.5M “Coding is the future.
The home ownership rate in Vietnam is about 90% , but many millennials are struggling to join that number. Part of Y Combinator’s latest batch, Homebase was founded in 2019 to give prospective buyers in Vietnam an alternative to traditional financing. Homebase co-founders Phillip An and Junyuan Tan.
Now Infina , which calls itself the “Robinhood of Vietnam,” is announcing an oversubscribed $2 million seed round. of people in Vietnam have invested in stocks. But according to the Vietnams Securities Depository , about 500,000 trading accounts were opened during the first five months of 2021, a 20% increase from all of 2020.
We proudly welcome NGO partners Vietnet-ICT and the Lin Centre in Vietnam, as well as ASEAN Foundation , Kopernik Marketplace , and YCAB Foundation in Indonesia to the TechSoup Global family. They are all part of TechSoup Asia , which serves charities in the Philippines, Malaysia, Singapore, Thailand — and now Vietnam and Indonesia.
It will also use the funding to continue its expansion in overseas markets, including Vietnam, where Toss launched last year. Founder and chief executive officer SG Lee told TechCrunch that Toss Bank will focus on lending, and also offer savings accounts with competitive interest rates. “A Toss founder SG Lee.
Indonesia-based insurtech startup Fuse announced today it has secured $25 million of Series B extension round as it plans to enter more countries including Thailand and Vietnam in Southeast Asia. The company has over 460 employees, with branch offices in Indonesia, Vietnam, and China. . “We
Made in Vietnam with mostly domestic parts, Dat Bike’s selling point is its ability to compete with gas motorbikes in terms of pricing and performance. In 2018, he moved back to Vietnam and launched Dat Bike. Dat Bike , a Vietnamese startup with ambitions to become the top electric motorbike company in Southeast Asia, has raised $2.6
In Vietnam, a startup called Azota wants to help with an online software platform that not only helps educators develop and proctor tests, but also automatically grades them using information from Vietnamese teaching materials. Before co-founding the startup, Au Nguyen, its CEO, worked for Viettel, one of the largest telecoms in Vietnam.
VinFast licenses and makes BMW-based cars out of Vietnam. Its novel lithium-ion cell design claims to be capable of extremely fast charge rates and able to charge a vehicle from flat in just a few minutes. Other Series D participants include bp ventures and Golden Energy Global Investment.
It now offers 15 products, including policies for gig workers, gamers, cars and farmers in Vietnam, and says it has facilitated more than 300 million policies and increased gross written premiums by 30 times since 2019. Another, more recent one, is is Weather Index Insurance product in Vietnam.
If you’re in India, the Philippines, Russia or Vietnam, Amazon Prime and Gorillas are probably not that much use to you. million couriers and operates in 10 countries, including Brazil, India, Indonesia, Korea, Malaysia, Mexico, the Philippines, Russia, Turkey and Vietnam.
The new funding will be used to grow its customer base in Singapore, Vietnam and Indonesia, and expand into new markets in Southeast Asia, like Malaysia, the Philippines and Thailand. Liu said rates are transparent and competitive, with no hidden fees or charges.
One example will be a program geared toward students who already have one or two years of experience working at software companies in Vietnam. MindX now has 13 offline locations in Vietnam, in addition to its online education platform, and claims it has been profitable for the last six years, even during COVID-19.
Today, Funding Societies announced it has raised $144 million in an oversubscribed Series C+ equity round led by SoftBank Vision Fund 2, with participation from new investors like VNG Corporation, Rapyd Ventures, EDBI, Indies Capital, K3 Ventures and Ascend Vietnam. . The platform disburses online loans ranging in size from $500 to $1.5
The funding will be used to expand MFast to more cities and provinces in Vietnam, develop its technology and partner with more institutions. It claims to have a network of more than 350,000 advisors, who offers their services through the app, and that its data analysis tools are able to reduce bad debt and fraud rates. .
Exporters in countries like Bangladesh, China or Vietnam that have been supplying European companies for years, with stable commercial relationships. Since default rates are a fraction of that fee, we can unlock significant value,” says Nolasco. Take any global supply chain, such as apparel, automotive, electronics etc.
Dable (the name is a combination of “data” and “able”) currently serves more than 2,500 media outlets in South Korea, Japan, Taiwan, Indonesia, Vietnam and Malaysia. Dable currently claims an average annual sales growth rate since founding of more than 50%, and says it reached $27.5 million in sales, up 63% from the previous year.
KoinWorks is headquartered in Jakarta, with holding in Singapore and tech offices in Yogyakarta, India and Vietnam. The new funds will be used for hiring about 400 new employees and scaling KoinWorks’ latest suite of products, SME Neobank. He says banks serving traditional SMEs have at least double KoinWorks’ NPL.
Fund II also achieved internal rate of return (IRR) of 34.7%, compared to 26.1% Lin said that many of AppWorks accelerator graduates over the past three to five years are from Singapore, Malaysia, Vietnam and, increasingly, Indonesia and the Philippines. Want to double your rate of return? for the other funds.
The funding will be used to start scaling Creative Galileo across Southeast Asia, hiring for local teams in Indonesia and Vietnam, its next markets. Meanwhile, Vietnam has a strong focus on English-language education, giving the startup a chance to offer dual language capabilities for kids. “In million in October 2021.
Arrow can be used by all kinds of merchants, but is focused on FMCG and other discretionary goods and services, Liat Beng said, because those tend to have high cart abandonment rates. How to calculate your startup’s TAM, SAM and SOM.
It currently covers some 20 countries for receiving money, some of the very poorest and/or least developed places in the world including Bangladesh, Cameroon, DRC, Ethiopia, Kenya, Madagascar, Morocco, Nepal, Nigeria, Pakistan, Republic of the Congo, Sri Lanka, Vietnam, Côte d’Ivoire, Ghana, Guinea, Mali, Senegal and Zambia.
It’s the easiest option when I’m trying to be succinct, but Southeast Asia consists of 11 countries, and obviously there are huge differences between, say, Singapore, Myanmar, Laos, Vietnam, the Philippines and Indonesia. A close look at Singapore’s thriving startup ecosystem.
Kredivo Holdings , which offers credit services to underbanked consumers in Indonesia and Vietnam, has raised $270 million in what it says was an oversubscribed Series D. The funding landscape in Southeast Asia is still wintery, but one fintech managed to land a major round.
Indonesia’s mortgage penetration rate is also just 3% of the local GDP, one of the lowest in Southeast Asia. Surjaudaja said consumers suffer from lack of transparency in rates and availability of different options, and an opaque application process that means they need to contact their agent numerous times.
Part of Food Market Hub’s Series A will be used to expand into Indonesia, Thailand and Vietnam. Restaurant owners and managers embraced technology at a much faster rate than ever before and we have been a beneficiary,” said Teh. “We The platform also uses AI-based tech to forecast purchasing needs by analyzing past data.
This has resulted in a monthly retention rate of more than 80%, and most customers buy from the platform about four times a week. Sometimes they borrow working capital from intermediaries in the supply chain, or loan sharks who charge interest rates of more than 60%, creating cycles of indebtedness. Kamereo gets $4.6M
E-wallets are rapidly gaining popularity in the Philippines, overtaking credit cards, which have a penetration rate of under 10%. Its last funding was $750,000 pre-seed round raised last year from investors including Techstars, Emergent Ventures and the 500 Startups Vietnam Fund. Plentina co-founders Kevin Gabayan and Earl Valencia.
Unsurprisingly, several countries in the region, like Singapore and Vietnam, have some of the world’s highest crypto adoption rates. More than half of the population in Southeast Asia is under 30 , making it a coveted market for novel technologies. industry.
Lai said that another key specialization is its competitive shipping rates and steeper discounts that allow global brands to trial or test their products in a completely new market. .
Xendit has been growing exponentially since its launch — with its CAGR (compound annual growth rate) increasing annually by 700%, according to COO and co-founder Tessa Wijaya. In 2020, the company saw its customer count increase by 540%. Customers include Traveloka, TransferWise, Wish and Grab, among others.
fulfillment rate over the past 12 months. “Before, it was 1% and now it is 3% and growing aggressively.”. Those few percentage points of adoption helped Jüsto go “gangbusters,” growing five times in Mexico and achieving a 99.4% It now has more than 100,000 users in each of its markets, and Weder forecasts being in the millions by year end.
There’s a disconnect between the evolution of feminism in the outside world, juxtaposed with the frustratingly slow rate at which Silicon Valley realizes that a woman CEO shouldn’t be a novelty. I was born in Vietnam. Less than 2% of venture capital funding went to all-female founding teams in 2021, marking a five-year low. .
“But it’s something that’s not available in developing countries like Indonesia,” where many companies still conduct research offline despite its very high smartphone engagement rates.
In 2019, its first year of operations, it registered $1 million from its “annual consumption rate” — this term relates to the amount of revenue Lentra makes based on usage of its APIs. Lentra, which is profitable, has been growing at a very fast clip.
Flosbach told TechCrunch that Bfree employs the use of ethical debt collection standards and works closely with defaulters for tailor-made settlement options, with the end-goal of increasing the repayment rate and customer satisfaction.
My parents immigrated here from Vietnam after the war and were like so many immigrants to the States to start small businesses. Hatch does not do hard credit checks and sees the credit lines as an alternative to the payday lenders or check cashers that customers without a FICO score or subprime ratings often use.
The automaker currently sells its budget models including Mini EVs in Southeast Asian countries such as Thailand, Vietnam, and Indonesia. The growth rate could slow to 22% in 2024, however, as the domestic EV market is maturing. Sales of SAIC-GM-Wuling , General Motors minicar joint venture in China, also reached a record high of 1.4
The COVID-19 pandemic led to a plunge in interest rates and apartment fever which in turn led to more people seeking to buy homes or refinance existing ones. Take interest rates, for one. Currently, rates for a 30-year-fixed loan are hovering at around 4%. Currently, rates for a 30-year-fixed loan are hovering at around 4%.
Visa holders are eligible for a 24% flat tax rate for the first four years, capped at 600,000/year, making it especially appealing for higher-earning nomads and entrepreneurs. Vietnam From the buzz of Ho Chi Minh City to the coastal calm of Da Nang, this Southeast Asian gem offers an unbeatable blend of affordability and creative energy.
You actually pay three times the interest rate on an electric vehicle compared to an internal combustion engine vehicle. Today, in Delhi, driving an EV costs only 1/4th of what it does to operate an internal combustion engine vehicle. However, the system isn’t set up to support that right now. We have to do two other things.
We absolutely have the best attachment rate for accessories in this industry and maybe in any industry. We’re looking at Vietnam and some other countries in Asia. And then we come out with a new one that includes an air fryer, and then you gotta have french fries with your hamburger and you buy a new one from me. So, they’ll catch up.
star rating across some 42,300 user reviews — a large number of them praising the AI-powered animations. z International, advertising agency Publicis and Digitas Vietnam partnered with D-ID on marketing efforts for a local festival. The MyHeritage mobile app is a testament to D-ID’s success here, sporting a 4.8-star
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