Zipmex pauses withdrawals “until further notice” [updated]
Update: In a statement sent to TechCrunch, Zipmex said it has enabled withdrawals from its trade wallet and “are actively working to resume trading.” But transfers from ZWallet to trade wallets are...
View ArticleFairbanc provides BNPL for micro-merchants in Indonesia
“Buy now, pay later” (BNPL) startups have gained traction by targeting consumers, but BNPLs for businesses are also starting to take off. One example is Fairbanc, which is based in Singapore but...
View ArticleHR automation platform Omni wants to be the ‘Rippling of Southeast Asia’
Omni wants to be the human resources platform to rule them all—or at least all HR-related tasks. The software enables HR teams to digitize employee records, automate administrative tasks like employee...
View ArticleBAI Capital targets China’s globalizing startups with fresh $700M fund
BAI Capital, the storied China-focused venture investment firm that was formerly known as Bertelsmann Asia Investments, has raised $700 million to back Chinese companies that are part of the country’s...
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Indonesia’s IDEAL takes the pain out of applying for mortgages
Applying for mortgages is often a time-consuming and disorganized process, with reams of manual paperwork required. Based in Jakarta, IDEAL simplifies the process with a platform that lets users...
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Packworks makes operations easier for sari-sari stores in the Philippines
Sari-saris are small neighborhood stores in the Philippines that are often run on pen and paper ledgers. Inspired by a motorcycle journey, Packworks is on a mission to change that, with a mobile...
View ArticleGaming vets promise to make blockchain games fun and sustainable
The runaway success of Axie Infinity and StepN has convinced a flurry of entrepreneurs that web3 gaming, where the ownership of in-game assets is in the hands of users via blockchain adoption rather...
View ArticleAmazon Prime Video launches localized services for top three markets in...
Amazon Prime Video today launched localized versions of its streaming service in Southeast Asia’s biggest markets — Indonesia, Thailand and The Philippines. The company is attempting to boost its...
View ArticleAmazon Prime Video launches local service in Nigeria
Amazon Prime Video today announced the launch of the localized version of its streaming service in one of Africa’s biggest markets: Nigeria. Just as it did in Southeast Asia some days back, the tech...
View ArticleApple Pay launches in Malaysia
Apple launched Apple Pay, which lets customers make payments in stores and online through iPhone, iPad, Apple Watch or Mac, in Malaysia on Tuesday. Currently, Apple Pay is supported for Malaysian...
View ArticleSoftBank, Sequoia China back this ERP startup enabling China’s online exporters
Thanks to cross-border e-commerce platforms, China continues to be a major exporter of consumer goods for the world in the online shopping age. It’s not just marketplaces like Amazon and AliExpress...
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YC grad QuotaBook raises $11M to scale its equity management platform
QuotaBook, a Seoul-based equity management platform, has raised $11 million in funding led by Elefund, with participation from Access Ventures, Hana Securities and South Korean fintech company Viva...
View ArticleSoftBank-backed Socar, South Korea’s largest car-sharing startup, tumbles on...
Socar, South Korea’s largest car-sharing startup, tumbled in its Seoul stock market debut Monday even after pricing shares below the bottom end of a marketed range. Shares of Socar rose 1.25% from its...
View ArticlePolygon founder raises $50M for emerging markets-focused web3 venture fund
Ethereum layer-two scaling platform Polygon raised $450 million earlier this year in its first major financing round. Now, the protocol’s co-founder Sandeep Nailwal is launching another project, he...
View ArticleMUFG, Japan’s largest bank, launches $100M fund for Indonesian startups
MUFG, Japan’s largest bank by market cap, announced today the launch of a $100 million fund focused on Indonesian startups. The fund, a collaboration between MUFG subsidiaries MUFG Innovation Partners,...
View ArticleSequoia Capital India backs Freightify’s vertical SaaS platform for freight...
For freight forwarders, procuring pricing data for their customers usually involves going to multiple sources, and then consolidating information into spreadsheets. That’s time-consuming and...
View ArticleThe solo GP behind iSeed SEA launches his second fund for Southeast Asia
If you follow Southeast Asia funding, you’re probably familiar with iSeed SEA. Some of the startups the fund has invested in since it launched in 2020 include Dat Bike, Skuad and Upmesh. What you might...
View ArticleSequoia Capital Southeast Asia backs cross-border payments startup Tazapay
The rise in open banking and payment services like India’s UPI and Singapore’s PayNow means lower costs for businesses, as well as new payment options for hundreds of millions of customers in emerging...
View ArticleSingapore-based neobank Aspire raises $100M from Lightspeed and Sequoia SEA
Aspire, the Singapore-based neobank that wants to become the financial operating system for SMEs, has raised an oversubscribed $100 million Series C round. Investors included Lightspeed and Sequoia...
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Singapore-based Transcelestial uses lasers to build affordable internet networks
Image Credits: Transcelestial Transcelestial is on a mission to make the internet more accessible by building a network of shoebox-sized devices that send lasers to one another, creating a fiber-like...
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