GrowSari, a B2B platform for small stores in the Philippines, adds investors like Temasek’s Pavilion Capital and Tencent

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 with features like pricing tools, inventory management and working capital loans, announced it has raised a Series B from several notable investors that brings its total […]

Philippine e-commerce enabler Great Deals raises $30M Series B led by logistics firm Fast Group

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 e-commerce enabler that helps brands like Abbot, L’Oréal and Unilever build their online retail operations in the Philippines. The startup announced today […]

Philippines ‘buy now, pay later’ startup Plentina raises $2.2M seed round

Plentina co-founders Kevin Gabayan and Earl Valencia. Image Credits: Plentina E-wallets are rapidly gaining popularity in the Philippines, overtaking credit cards, which have a penetration rate of less than 10%. Fintech startup Plentina is leveraging that trend with buy now, pay later (BNPL) installment loans that can be used and repaid through e-wallets. The company […]

Indonesian payments infra startup Xendit raises $64.6M in Accel-led Series B

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ErudiFi raises $5 million Series A to give students in Southeast Asia more education financing options

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Resellee wants to become the Pinduoduo of Southeast Asia

Launched in the Philippines, social commerce startup Resellee wants to recreate the success of Pinduoduo, one of China’s fastest-growing e-commerce companies, in Southeast Asia. A major part of Resellee’s business is grocery deliveries, including fresh produce, and it has struck partnerships with the government and farmers’ groups to meet demand during the COVID-19 pandemic. The […]

‘The Real Facebook Oversight Board’ launches to counter Facebook’s ‘Oversight Board’

Today a group of academics, researchers and civil rights leaders go live on with ‘The Real Facebook Oversight Board’ which is designed to criticize and discuss the role of the platform in the upcoming US election. The group includes Facebook’s ex-head of election security, leaders of the #StopHateForProfit campaign and Roger McNamee, early Facebook investor. […]

Philippines payment processing startup PayMongo lands $12 million Series A led by Stripe

Stripe has led a $12 million Series A round in Manila-based online payment platform PayMongo, the startup announced today. PayMongo, which offers an online payments API for businesses in the Philippines, was the first Filipino-owned financial tech startup to take part in Y Combinator’s accelerator program. Y Combinator and Global Founders Capital, another previous investor, […]

Philippines-based home services platform GoodWork gets $1.6 million to expand in Southeast Asia

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Instagram Lite shuts down in advance of a relaunch

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