Investments
Indonesia InsurTech platform PasarPolis raises $5 million in equity financing from The World Bank Group’s IFC
PasarPolis aims to increase insurance penetration and literacy across the region, with plans to scale its Vietnam and Thailand markets this year.
Grab secures $2B 5-year term loan facility as industry heats up in SEA
Grab plans to use the loan to strengthen its position as the leading super app in Southeast Asia, through stronger liquidity and diversified financing.
[Updated] IMMedia secures Series A funding to scale its data-driven content marketing platform
The platform creates new audience engagement metrics with actionable recommendations and predictions to increase the effectiveness of content across multiple complex markets, enabling IMMediate to deliver maximum audience engagement, conversions, leads and long-term ROI.
Personal loan platform Lendela gets $2M in pre-Series A financing to support business expansion
With this capital infusion, Lendela intends to fund expansion activities. Operating in Singapore and Hong Kong, the FinTech’s growth plan focuses on gaining more customers and broadening its reach in its existing markets.
Philippines-based Podcast Network Asia secures $750K Seed funding for regional expansion
The podcast agency intends to use its new investment to finance its expansion to other parts of Southeast Asia, particularly Malaysia, Indonesia, and Thailand. Part of the new investment will be used to improve the agency’s production and to enhance its performance analytics.
iStore iSend secures $5.5M Series B for e-fulfillment expansion co-led by Gobi Partners and EasyParcel
iStore iSend currently operates in four countries: China, Malaysia, Indonesia, and Singapore. The company looks forward to bringing its services to other markets in Southeast Asia including Vietnam, Thailand, and the Philippines. Also, a part of the new funding will be utilized in marketing campaigns to attract more online-to-offline (O2O) clients in…
Singaporean VC Firm KK Fund returns to lead Malaysian startup CapBay’s $20M Series A
The fresh capital infusion will be used to expand its market reach for new potential investors and to work on its current tech to provide financing solutions for underserved SMEs
Legal management platform Lupl raises $14M, readies for Q2 launch with new appointments
Lupl is a privately-held company based in Washington, DC specializing in the management of large volumes of legal transactions. It has been increasing its presence in Asia as it recently signed a Memorandum of Understanding (MoU) with the Ministry of Law of Singapore to advance the city-state’s legal sector digitalization.
Salesforce leads HRTech platform Darwinbox’s $15M Series C for Southeast Asia expansion
Darwinbox plans to use this fresh capital to scale its operations within India and Southeast Asian markets, as well as expand in other emerging markets in the Middle East and Africa.
