News

Archive for November, 2022

Categories : CDPI Emerging Markets
Dates : November 2022

Dialpad introduces Dialpad for Good to Australia and New Zealand, extending global reach and startup support

November 17, 2022
Dialpad for Good, which has increased tech accessibility for businesses throughout Canada, the US and the UK, is now available to businesses in Australia and New Zealand via its Dialpad for Startups program. Dialpad for Startups helps startups and their backers by removing communication obstacles and freeing up time and resources to focus on product development, including acquiring customers, and hiring talent. Eligible businesses accepted into the program will receive an award-winning business communication package, encompassing seamless and reliable voice calls, business text messaging, and video conferencing.
CDPI Emerging Markets

Quinio, a Mexico-based e-commerce aggregator, raised US$40M

November 10, 2022
Mexican startup Quinio, which raised US$20 million last year in a seed round, now announced the closing of a US$40 million round made up of equity and debt, although without disclosing the amounts of each part. Quinio’s strategy is based on buying mid-sized e-commerce brands with an annual turnover of at least US$250 thousand that sell quality products and have a good reputation among buyers. Quinio already owns several brands in Mexico, Colombia, Chile, and the U.S., in areas such as home, beauty, and health.
CDPI Emerging Markets

Franq, a Brazilian fintech of “personal bankers,” raised US$12M

November 10, 2022
Franq, an open banking startup based in Florianópolis, Brazil, raised US$12 million in a round led by Quona Capital, a fund focused on emerging market fintechs. Created in 2019, Franq operates by matching personal bankers with up to 50 financial institutions—banks such as Itaú, Bradesco, and Santander, and fintechs, to sell their products to individuals and SMEs. They have around 7,000 of these personal bankers and 70% of Franq’s clients are individuals, while companies represent 30% of the clients.
CDPI Emerging Markets

WhatsApp’s Business bet takes off in India, revenues set to cross $1B next year

November 10, 2022
At a staggering $22 billion, WhatsApp has been Meta’s (then Facebook) most expensive acquisition to date. The deal had caused quite a stir in the tech industry since investors and analysts felt it was tough for the social networking giant to justify the astronomical price for an app that made little money. As Meta aims to diversify its revenue sources beyond traditional digital advertising, it is looking to tap into WhatsApp’s ubiquitous presence in markets like India to drive the app’s monetisation.
CDPI Emerging Markets

Axiom acquires Plexus’s flexible legal talent division Plexus Engage

November 10, 2022
Axiom, the global leader in high-caliber, on-demand legal talent, announced it has acquired Plexus Engage, a subsidiary of Australian headquartered legal technology company Plexus. Plexus Engage offers highly experienced, flexible lawyers for in-house legal teams to support projects or augment capacity. This acquisition further advances Axiom’s long-term mergers & acquisitions and geographic expansion plans, providing an entry into Australia and enhancing Axiom’s footprint in the APAC region.
CDPI Emerging Markets

SolarZero enables world-first trade in NZ electricity reserves market

November 10, 2022
solarZero, New Zealand’s leading solar and battery storage provider became the first in the world to trade energy grid stability services from its virtual power plant (VPP) in the NZ Electricity Reserves Market. solarZero’s energy trading breakthrough means New Zealand is a test market the rest of the world will be watching and follows the company’s acquisition by a fund managed by BlackRock Alternatives’ Climate Infrastructure.
CDPI Emerging Markets

Retail media platform Zitcha secures $2.9M to enter U.S. market

November 10, 2022
Independent retail media platform Zitcha has raised $2.9 million in seed funding led by Australian venture capital firm OIF Ventures, launching a new phase of expansion that will see the platform scale up and officially launch in the U.S. Software platform Zitcha connects the media assets of retail brands including email, apps, digital in-store screens, web and social media. The platform automates the purchasing of media across these channels allowing retail suppliers to connect directly with consumers at every touchpoint enabling better sales attribution.
CDPI Emerging Markets