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CDPI Emerging Markets

Categories : CDPI Emerging Markets

SoftBank Corp. to Expand its Global IoT Business in Asia-Pacific Region

October 5, 2023
SoftBank Corp. announced it will launch a full-fledged expansion of its global IoT business in the Asia-Pacific region. In this sales expansion that spans 19 countries and regions, including Japan, SoftBank will focus on marketing IoT services, mainly the “1NCE IoT Flat Rate,” an affordable global IoT connectivity service from German company 1NCE GmbH, to enterprise customers. SoftBank aims to acquire a total 2 million 1NCE IoT Flat Rate connections in APAC and other regions within the 2025 fiscal year, which ends on March 31, 2026.
CDPI Emerging Markets

Gringo startup raises USD$29M in investment round

October 5, 2023
With this investment, Gringo will strengthen its credit and insurance products. It will also add new features and plans to increase its user base to over 20 million in the coming years. Currently, Gringo has 10 million drivers, 80% of whom use the app at least once every four months. Founded in 2019, Gringo’s mission is to centralize all essential services and documentation required by drivers, providing a one-stop solution.
CDPI Emerging Markets

Startup Kenjo raises USD$9.4M in investment round

October 5, 2023
Kenjo, the startup for comprehensive human resources (HR) software designed for small and medium-sized enterprises, achieved a successful Series A funding round, securing an investment of USD$9.4 million, led by the Hi Inov fund. With these funds, Kenjo aims to consolidate its position as a leader in the Latin American market for HR software. Their platform focuses on optimizing key processes such as attendance control, vacation and absence management, payroll, scheduling, data analysis, and performance evaluations, among others.
CDPI Emerging Markets

PhonePe To Take On Google With ‘Made In India’ Indus Appstore

September 28, 2023
Fintech giant PhonePe has launched Indus Appstore Developer Platform for Android app developers to take on giants Apple and Google. The mobile app marketplace, Indus Appstore, has invited developers to register and upload their apps using its self-serve developer platform. The apps will be listed on the soon to be launched ‘Made-in-India’ Indus Appstore, offering a localised experience in 12 languages.
CDPI Emerging Markets

Australia’s Neara announces a AUD$10M capital raise extension putting its total funding at AUD$24M

September 28, 2023
Neara, which is an infrastructure modeling platform that employs AI to create models for simulations and analytics has raised $10 million (~US$6.35 million) with funding from Dutch VC Prosus Ventures, placing its Series B total funding at $24 million (~US$15.23 million). Neara provides tools that allow engineers and others to optimize and manage large infrastructure by offering simulations that illustrate risks of extreme climate conditions.
CDPI Emerging Markets

Thailand expects Tesla, Google, Microsoft to invest US$5B

September 28, 2023
Thailand’s Prime Minister Srettha Thavisin said the country expects to receive investment of at least US$5 billion from Tesla, Google and Microsoft. “Tesla would be looking into an EV (electric vehicle) manufacturing facility, Microsoft and Google are looking at data centres,” he said, without detailing whether the US$5 billion was expected to be a combined investment or made individually by each company.
CDPI Emerging Markets

Chilean startup Infocheck achieves USD$350K round through Broota

September 28, 2023
Infocheck, a Chilean startup has managed to simplify and expedite risk assessment for companies and SMEs (Small and Medium-sized Enterprises) through an online platform. This fintech provides detailed market reports automatically and in real-time to its B2C clients through its website, and for its B2B clients, it does so through wholesale plans.The company raised a round of USD$350,000 through the Broota crowdfunding platform.
CDPI Emerging Markets

Fintech Mundi raises USD$15M investment round

September 28, 2023
The Mexican fintech company Mundi announced a new Series A-2 financing round totaling USD$15 million, with Haymaker Ventures being the main investor. Mundi also announced its rebranding with the goal of becoming the first fintech platform to simplify international trade in Latin America. They offer solutions for international payments and collections, foreign exchange, currency coverage, and cargo insurance, as well as a set of free tools to enhance clients’ operability.
CDPI Emerging Markets