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Ecosystem Roundup: Pintu nets US$113M Sequence B; StashAway, Lummo, iPrice lay off workers



Indonesian crypto pockets, buying and selling platform Pintu scores US$113M Sequence B
Buyers embody Intudo Ventures, Lightspeed, Northstar Group, and Pantera Capital; Since its launch in April 2020, Pintu claims over 4M customers have put in its app, up from 500,000 in Could 2021.

How CoinDCX goals to be India’s gateway to the broader world crypto ecosystem
CoinDCX, a unicorn crypto trade with 12.5M+ customers, just lately launched CoinDCX Ventures to nurture the crypto and Web3 trade in India and past; In April, it closed over US$135M in Sequence D spherical.

Vietnamese blockchain gaming guild Ancient8 nets US$6M
Buyers embody Makers Fund, C² Ventures, Pantera Capital, sixth Man Ventures, IOSG Ventures, and Play Ventures;
Ancient8 helps GameFi studios determine high-quality players and run Web3-native focused promoting.

Request Finance raises US$5.5M to simplify enterprise crypto funds
Buyers embody Animoca Manufacturers, Balderton Capital, and XAnge; Request Finance goals to simplify and automate invoicing, bills, payroll, and accounting in crypto for greater than 1,900 Web3 groups.

All arms on deck: How Iron Sail strengthens blockchain gaming ecosystem by means of collaboration
Launched in October 2021, Iron Sail outcomes from a partnership between blockchain-based sport hub Whydah and 7 native gaming studios.

How the metaverse opens new alternatives for schooling
Training within the metaverse will probably be extra democratised, the tutorial curriculum will probably be extra equitable and open.

Singapore fintech Capital C scores US$54M in recent funding
Buyers are Phillip Capital, Luminor Capital, Paradise Group, and Citystate Group; Capital C’s merchandise embody particular person financing, SME financing, automobile financing, and BNPL.

StashAway lays off 14% of workers
The robo-advisor StashAway has minimize 31 workers members throughout 5 markets; The layoffs come after the corporate raised US$25M in a Sequence D funding spherical led by Sequoia Capital India in April final 12 months.

Tiger International-backed Lummo cuts 150+ workers
Inc42 beforehand reported that the corporate had let go round 100 to 150 workers in Indonesia in addition to round 50 to 60 folks in India; Lummo has two apps underneath its umbrella: LummoShop and bookkeeping app BukuKas.

iPrice Group lays off 20 per cent of workers
The layoffs are a part of the group’s a number of measures to focus the enterprise on its core mission, “to assist folks lower your expenses” buying on-line; The choice comes three months after iPrice closed a US$5M from Itochu and KDDI Company.

Indonesian fintech startup Aino goals for IPO in 2023
The agency has raised an undisclosed sum in pre-Sequence B from Japan’s TIS Inc and Nippon Keei; It raised US$4M Sequence A from TIS in 2019; Aino offers digital fee strategies in numerous sectors, particularly public transport operators.

Why world buyers are eyeing China’s EV panorama
Regardless of going through overcapacity points, native electrical automobile startups have mushroomed within the nation; Round 500 EV startups had been established in China by 2019, together with some 300 EV makers.

Omnistream closes US$7M Sequence A for world enlargement
Buyers are SIG Enterprise Capital, Supply Hero Ventures, Spiral Ventures, and Wavemaker Companions; Omnistream helps retailers optimise their bodily footprint by producing store-level planograms that optimise assortments for hyperlocal demand.

Razer Fintech acquires E2Pay to additional broaden into Indonesia market
E2Pay offers a variety of fee options to retailers and monetary establishments, together with fee gateway, e-money, and remittance companies licenses in Indonesia.

watchTowr can inform an organisation in real-time if it may get compromised
The Singaporean cybersecurity startup bagged a US$2.25M seed funding from Paul Allen’s Vulcan Capital and Wavemaker Companions in Feb 2022.

China mulls giving Ant Group second shot at IPO
The authorities are additionally near granting the group a license that might pave the way in which for it to revive its itemizing plans and be regulated extra like a financial institution.

Wage Hero raises US$2.8M to convey monetary wellness to Thailand by means of EWA
Buyers are International Founders Capital, M Enterprise Companions, 500 TukTuks, 1982 Ventures, and Titan Capital; Wage Hero integrates and works instantly with employers to offer earned wage entry and monetary wellness merchandise.

Binance to broaden operations within the Philippines
Binance is planning on financing conventional Philippine monetary companies – akin to fee service suppliers and banks – to assist convey these companies into the blockchain world.

Copyright: samwordley

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