Softbank leads soccer NFT platform Sorare’s $680M Series B funding round

Editor's note: updated with information from Sorare's press statement Paris-based fantasy soccer non-fungible tokens (NFT) platform Sorare has raised $680 million in Series B funding round led by Japan-based investor SoftBank, giving it a valuation of $4.3 billion, according to a statement. Co-Founder and Chief Executive Officer Nicolas Julia said in a post that the fundraise is the…

Softbank, Tencent invest in Indian online used car platform Cars24 Services – report

India-based used vehicles platform Cars24 Services has raised $450 million in a new funding round led by SoftBank Vision Fund 2, DST Global and Falcon Edge, according to media report. The Series F equity round of $340 million saw participation from China-based tech giant Tencent and existing investors Moore Strategic Ventures and Exor Seeds, India-based news portal livemint.com reported.…

Temasek, SoftBank invest in India EdTech unicorn Unacademy’s Series H funding round

India EdTech company Unacademy has raised $440 million in a funding round led by Singapore's state investor Temasek and other investors including General Atlantic, Tiger Global, and Softbank Vision Fund. The latest fundraise takes the valuation of Unacademy Group to $3.44 billion, Unacademy said in a statement on Monday. The Series H funding round also witnessed participation from Aroa…

Indonesia HealthTech startup Alodokter secures fresh capital from MDI Ventures and Samsung Ventures

Alodokter, a Jakarta-based digital health platform that provides end-to-end digital solutions for patients and doctors, has announced that it has secured an undisclosed amount of funding from MDI Ventures and Samsung Ventures Investment Corporation. The company plans to use the investment to work on new products for its platform and to continue expanding the digital healthcare system. "The…

AddVentures appoints Prakit Worawattananon as Managing Director to leverage SCG resources and start expansion

AddVentures, a Bangkok-based venture capital firm, has announced that it has appointed Prakit Worawattananon as its new Managing Director as the firm moves towards growing its investments and scaling synergies. Prakit Worawattananon, Managing Director, AddVentures Launched in 2017, AddVentures, the SCG's corporate venture capital arm, concentrates on investing in industrial, B2B, and…

NEA leads $70M Series C round in Indonesian social commerce platform Super

Super, an Indonesia-based social commerce platform serving tier-2 and tier-3 cities and Indonesian rural areas, announced Thursday that it has completed a $70 million oversubscribed Series C round led by NEA. The round also saw additional investment from Insignia Ventures Partners, SoftBank Ventures Asia, DST Global Partners, Amasia, B Capital, TNB Aura, the Chairman of Bain Capital Stephen…

Funding Societies acquires CardUp, drives payments expansion

Acquisition of the digital payments platform will take place in June and is subject to regulatory approvals The digital lender will benefit from CardUp's range of payment technologies and solutions, further expanding its financial services beyond lending SINGAPORE, June 30, 2022 /PRNewswire/ -- Funding Societies, Southeast Asia's largest Small and Medium Enterprises (SME) digital financing…

Funding Societies acquires CardUp to drive payments expansion

Funding Societies, Southeast Asia's largest Small and Medium Enterprises (SME) digital financing platform, announced Wednesday that it is acquiring regional payments solution CardUp, for an undisclosed amount. Through the move, the company will acquire CardUp's payments capabilities such as card payments to non-card accepting recipients (domestic and cross-border), online payments acceptance,…

Funding Societies acquires CardUp, drives payments expansion

Acquisition of the digital payments platform will take place in June and is subject to regulatory approvals The digital lender will benefit from CardUp's range of payment technologies and solutions, further expanding its financial services beyond lending SINGAPORE, June 29, 2022 /PRNewswire/ -- Funding Societies, Southeast Asia's largest Small and Medium Enterprises (SME) digital financing…

Singapore’s Funding Societies expands financing offerings for MSMEs via Islamic FinTech facilities

Funding Societies, the Singapore-based small and medium-sized enterprise (SME) digital financing platform, on Wednesday introduced its Shariah-compliant trade financing solutions based on Commodity Murabahah (Tawarruq) for creditworthy and underserved Malaysian micro, small, and medium enterprises (MSMEs) seeking to grow their business or expand their working capital as the country reopens its…