News

Archive for August, 2021

Dates : August 2021

HappyFresh bags US$65M in fresh funds, doubles down on hyperlocal strategy

August 5, 2021
Indonesian-headquartered online grocery platform HappyFresh has received US$65 million in series D funding. The company is extremely busy scaling up its operations across the various markets while maintaining its quality and safety standards. While the brand was unable to reveal exactly how much of the funds would be allocated to marketing, it will be focusing a lot more on driving brand awareness in all countries using a hyperlocal strategy that speaks to the local target audience.
CDPI Emerging Markets

Malaysian digital media group REV Asia renames to Catcha Digital

August 5, 2021
REV Asia has changed its name and logo to Catcha Digital. According to the company, this switch marks a new beginning and direction for Catcha Digital and embodies Catcha Group’s active participation within the company’s day-to-day operations. It is also in line with the Group’s goals to become a major player across all segments of digital businesses. Catcha Digital aims to accelerate its growth through expanding its digital operations, strategic digital investments and value-adding M&A.
CDPI Emerging Markets

The Age of Agility: Expect the unexpected. Prepare to adapt.

August 5, 2021
LinkedIn’s B2B Technology Buying Survey – LATAM Report lays out a new and dynamic landscape in Latin America, delving deeper into five key trends for technology marketers.  Marketing technology in the Age of Agility Conclusion The global pandemic has accelerated conversations about technology usage. Technology buyers need to know they are maximizing value by investing in agile solutions that offer a long, term positive outcome. Only those who are responsive to change and willing to adapt will take full advantage of the Age of Agility.
CDPI Emerging Markets

Yaydoo secures $20M, aims to simplify B2B collections, payments

August 5, 2021
The Mexico City-based B2B software and payments company provides three products, VendorPlace, P-Card and PorCobrar, for managing cash flow, optimizing access to smart liquidity, and connecting small, midsize and large businesses to an ecosystem of digital tools.  The company has grown to over 800 customers, up from 200 in the first quarter of 2020. Its headcount also grew to 100 from 30 during the same time. In the last 12 months, over 70,000 companies have transacted on the Yaydoo network, and total payment volume grew to hundreds of millions of dollars.
CDPI Emerging Markets

Colombia’s Merqueo bags $50M to expand its online grocery delivery service across Latin America

August 5, 2021
Merqueo offers more than 8,000 products, including fresh foods, packaged goods, home essentials, beverages and frozen products. It currently operates in more than 25 cities in Colombia, Mexico and Brazil and has over 600,000 users.   The market opportunity in Latin America is massive considering that online grocery sales only represent just 1% of the market –– far lower than in the U.S., EU or China, for example.
CDPI Emerging Markets

Ghana’s DigiExt introduces data-driven farming for smallholders

August 5, 2021
Ghanaian agri-tech startup DigiExt is helping farm cooperatives grow via a variety of tech-based platforms and then assisting them in selling their produce to processing companies and export agencies. The startup gathers data by satellites and drones, weather information and soil sensors to disseminate relevant production information to smallholder farmers at the right time in a cost-effective manner.
CDPI Emerging Markets

African DeFi start-up set to deliver banking to 2.3 billion underbanked people globally

August 5, 2021
A new African DeFi start-up will deliver blockchain banking to the 2.3 billion underbanked adults in the world. Bora Finance is developing an online banking environment that will include a saving and investment platform, a loan and collateralization segment, insurance, and payment/POS platforms. The Bora Finance solution will give access to secure and cost-effective banking services to billions right through their mobile devices.
CDPI Emerging Markets

Nigeria finally ready to deploy 5G

August 5, 2021
All is now set for the rollout of 5G services across Nigeria, according to Prof. Umar Danbatta, the Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC). The announcement was made during a public inquiry on the draft frequency spectrum held recently at the nation’s capital, where the NCC boss noted that the Commission had finally completed its preparations – “crossed all the T’s and dotted all the I’s” – and is currently awaiting approval from the Federal Government to begin rolling out 5G services.
CDPI Emerging Markets