Choosing an insurance policy is one of the most complicated financial decisions a person can make. Jakarta-based Lifepal wants to simplify the process for Indonesians with a marketplace that lets users compare policies from more than 50 providers, get help from licensed agents and file claims. The startup, which says it is the country’s largest […]
SG-based logistics startup Janio raises $8m from fintech firm Choco Up
Photo: The company s social media page
July 8, 2021
Singapore-headquartered logistics startup Janio has raised an investment of $8 million from fintech firm Choco Up to further its expansion plans.
Choco Up’s investment is part of a wider closed round bridge investment, which also includes funding from Singapore-based Innoven Capital and Janio’s existing shareholders, the company said in a statement released on July 8.
Founded in 2018, Janio is a cross-border platform that provides integrated, end-to-end e-commerce logistics solutions in Southeast Asia.
Janio’s solutions allow their clients across Asia – including Indonesia, Malaysia, Taiwan, Mainland China, and Thailand – greater control over the supply chain and help streamline logistic-related paperwork using technology.
Tonik raises USD 17 mln in Pres-Series B funding thepaypers.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thepaypers.com Daily Mail and Mail on Sunday newspapers.
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Tonik, the first neobank in the Philippines, announced today that it raised US$17M in Pre-Series B funding. The round comes on the heels of Tonik’s highly successful public launch in March 2021, which saw it secure over 1 billion pesos (US$20M) in retail deposits in under 1 month - a historical record for any new bank launching in the Philippines.
Led by Singapore’s iGlobe Partners, the round featured participation from existing shareholders Sequoia India, Altara Ventures, and Insignia Venture Partners as well as bringing in new investors Citius, Baring Vostok Capital Partners, and multiple Philippine family offices. The new funding solidifies Tonik’s position as one of the best funded fintechs in the Philippines, with US$44M raised to-date.
The Philippines-Based Neobank Tonik Secures $17 Million in Pre-Series B Funding Round Led By iGlobal Partners
Tonik, a neobanking group based in the Philippines, announced on Tuesday it secured $17 million through its Pre-Series B investment round, which was led by iGlobal Partners with participation from Sequoia India, Altara Ventures, and Insignia Venture Partners, Citius, Baring Vostok Private Equity, and multiple Philippine family offices. The company has notably raised more than $44 million to date.
Founded in 2018, Tonik claims to be the first neobank in the Philippines. It provides retail financial products, which include deposits, loans, current accounts, payments, and cards.
“Innovation is woven into the DNA of our company. We put customers first. We challenge the status quo. We are relentless. We are passionate about improving people’s financial lives through the use of technology.”