Our recent Industry Update found a slowdown in CDP vendor funding, but Cordial is bucking the trend. They just announced a $50 million Series C, bringing total funding to $73.6 million. We classify Cordial as a Delivery CDP, since their system sends messages. Channels include email, SMS, mobile apps, and websites.
Touch ‘n Go Group announced that TNG Digital Sdn Bhd, the owner and operator of Malaysia’s largest eWallet company Touch ‘n Go eWallet, has raised $168.39 million from its latest round of equity funding. This funding round was led by a new investment in TNG Digital by Lazada Group and a follow-on investment by TNG Digital’s current shareholder and parent company Touch ‘n Go Sdn. Bhd.
Video and connected TV adtech vendor Tremor International has purchased Amobee, which offers its own cross-channel ad platform. The seller was Singtel and the price was $239 million, considerably less than the $321 million that Singtel paid for Tremor in 2012. But that was long ago and far away.
The U.S. Senate has passed a bill that could potentially ban TikTok in the U.S. if its Chinese owner, ByteDance, does not sell its holdings within a year. The bill now goes to the President Biden, who has said he will sign it. Court challenges are likely to follow.