Insight Partners leads $60M growth round in cross-border payments startup Thunes
The world of digital payments is very fragmented, with different types of online bank accounts, digital wallets and money transfer services used in different countries. Singapore-based Thunes, a...
View ArticlePhilippine e-commerce enabler Great Deals raises $30M Series B led by...
Steve Sy, CEO of Great Deals, and William Chiongbian II, CEO of Fast Group, sign the contract for the companies’ strategic partnership. Image Credits: Great Deals Founded in 2014, Great Deals is an...
View ArticleMio, a social commerce startup focused on smaller cities and rural areas in...
Vietnam has one of the fastest-growing e-commerce markets in Southeast Asia, but many major platforms still focus on large cities. This means people in smaller cities or rural areas need to deal with...
View ArticleRakuten and Beyond Next invest $1M seed funding in farm-to-table startup...
Farmers and food businesses, like restaurants, deal with the same issue: a fragmented supply chain. Secai Marche wants to streamline agricultural logistics, making fulfillment more cost-efficient and...
View ArticleIndonesian agritech platform TaniHub Group harvests a $65.5M Series B round
TaniHub Group, an Indonesian startup that helps farmers get better prices and more customers for their crops, has raised a $65.5 million Series B. The funding was led by MDI Ventures, the investment...
View ArticleFacebook co-founder Saverin’s B Capital doubles down on SaaS in China
B Capital Group, the six-year-old venture capital fund formed by Facebook co-founder Eduardo Saverin and Bain Capital veteran Raj Ganguly, is doubling down on China as it looks to allocate $500 million...
View ArticleIndonesian crypto exchange Pintu gets $6M Series A led by Pantera, Intudo and...
Along with the stock market, cryptocurrency is also seeing an uptick among retail investors in Indonesia. Pintu, a platform focused on first-time cryptocurrency buyers, announced today it has raised a...
View ArticleBy working with home entrepreneurs, Jakarta-based DishServe is creating an...
Cloud kitchens are already meant to reduce the burden of infrastructure on food and beverage brands by providing them with centralized facilities to prepare meals for delivery. This means the...
View ArticleSingapore-based D2C dental brand Zenyum raises $40M Series B from L...
Zenyum, a startup that wants to make cosmetic dentistry more affordable, announced today it has raised a $40 million Series B. This includes $25 million from L Catterton, a private equity firm focused...
View ArticleLine launches digital banking platform in Indonesia
Line Corporation, best known for its messaging app, launched a digital banking platform in Indonesia today. This means Japan-based Line Corp. now offers banking services in three of its biggest...
View ArticleIndonesian healthcare startup Prixa raises $3M led by MDI and TPTF
Indonesian healthcare startup Prixa has raised $3 million led by MDI Ventures and the Trans-Pacific Technology Fund (TPTF), with participation from returning investors including Siloam Hospitals Group....
View ArticleWagely, an Indonesian earned wage access and financial services platform,...
Wagely founders (from l to r): Tobias Fischer, Sasanadi Ruka and Kevin Hausburg. Image Credits: wagely Earned wage access (EWA) platforms that allow workers to withdraw their earnings on demand instead...
View ArticleBukuWarung, a fintech for Indonesian MSMEs, scores $60M Series A led by Valar...
BukuWarung, a fintech focused on Indonesia’s micro, small and medium enterprises (MSMEs), announced today it has raised a $60 million Series A. The oversubscribed round was led by Valar Ventures,...
View ArticleCorporate services “superapp” Osome lands $16M Series A
Osome, a startup that combines multiple corporate services for SMEs into one “superapp,” has raised a $16 million Series A. The round included returning investors Target Global, AltaIR Capital and...
View ArticleAutomotive marketplace Carro hits unicorn status with $360M Series C led by...
Carro, one of the largest automotive marketplaces in Southeast Asia, announced it has hit unicorn valuation after raising a $360 million Series C led by SoftBank Vision Fund 2. Other participants...
View ArticleGolden Gate Ventures forecasts a record number of exits in Southeast Asia
Despite the pandemic’s economic impact, Southeast Asia’s startup ecosystem has proven to be very resilient. In fact, a new report from investment firm Golden Gate Ventures predicts a record number of...
View ArticleGrowSari, a B2B platform for small stores in the Philippines, adds investors...
Sari-sari stores are neighborhood stores in the Philippines that usually sell daily necessities and sometimes serve as community hubs, too. Today GrowSari, a startup that is digitizing sari-sari stores...
View ArticleBuy now, pay later startup Kredivo doubles its debt facility from Victory...
Kredivo announced today it has secured another $100 million debt facility from Victory Park Capital (VPC). This doubles the Indonesian digital lending and credit platform’s total warehouse financing...
View ArticleTikTok’s Chinese nemesis Kuaishou hits 1 billion monthly users worldwide
It’s a big day for Kuaishou, TikTok’s largest rival in China. The Chinese short-video company, known overseas for one of its video apps Kwai, announced it has sailed past the one billion monthly active...
View ArticleGotrade gets $7M led by LocalGlobe to let investors around the world buy...
Stock in many American companies, like Amazon, Alphabet or Tesla, can host hundreds or thousands of dollars per share. Fractional trading, or buying part of a single share through a brokerage, makes...
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