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Funding Wrap of The Week | Asian Startups Funding Roundup | May 19 – May 24

Asian Startups raised capital in order to expand and move into more successful. Here is this week’s Top 10 Asian Startups Funding Roundup.

Asian Startups raised capital in order to expand and move into more successful. Here is this week’s Top 10 Asian Startups Funding Roundup.

The Top 10 Asian Startups Funding Roundup of This Week

Colendi

The Series B investment round of Turkish fintech start-up Colendi raised $65 million, raising the company’s worth to $700 million. Citi Ventures led the round, with participation from Finberg, Hedef Holding, Sepil Ventures, Re-Pie Asset Management, and Migros Ticaret AS.

The company, which plans to be valued at $1 billion, provides financial services to both banked and unbanked people, including easy access to loans through a buy-now-pay-later plan.

PhiGent Robotics

PhiGent Robotics, a Beijing-based company, has raised $30 million in a Series Pre-B fundraising round to finance its mass manufacturing. The company creates autonomous driving solutions based on visual 3D comprehension.

The Series Pre-B financing was jointly led by two industrial funds valued at billions of yuan. Beijing E-town International Investment & Development, also known as E-Town Capital, is a state capital investor in Beijing that oversees the management of both funds.

Finout

Finout, a FinOps for enterprise startup based in Tel Aviv, Israel, has secured $26 million in Series B funding.

Leading the round was Red Dot Capital, with participation from Jibe Ventures, Pitango, Team8, and Maor Investments, in addition to current investors.

Honest Bank

Honest Bank is a financial services business. According to Alternatives.pe, which keeps track of Singaporean filings, the company just raised an extra US$2.5 million for its series B financing.

Rakuten Ventures provided US$1.5 million of the total, with Jetha Global contributing the remaining sum. According to the data, this comes after Japanese company Orico invested over US$19 million in Honest Bank during the same round in 2023.

OneOrder

The tech supply chain and logistics solution OneOrder, which has transformed Egypt’s hotel, restaurant, and catering industries, has announced that it has secured $16 million in debt and equity in a Series A investment to expand into the GCC, starting with the United Arab Emirates.

Previous backer Delivery Hero Ventures is leading the round, while other participants include Egypt-based Nclude and A15, as well as Norrsken22.

SAVE Group

SAVE Group, which provides financial services in rural areas through its subsidiaries, has raised $13 million in a new investment round from global asset management firms Incofin and Maj Invest.

According to the report, Maj made the investment through its Maj Invest Financial Inclusion Fund III K/s, while Incofin made the investment through its Incofin India Progress Fund.

UnifyApps

India based Saas platform UnifyApps raised $11 million in seed funding. Global business IT infrastructures have improved dramatically as a result of the software-as-a-service (Saas) revolution.

Now, instead of depending on IT to design new software and finish complicated installations, individual business users can find the apps they require for particular jobs.

Liwwa

Jordanian fintech liwwa received a $5 million financing from the US International Development Finance Corporation. It is, a P2P lending network founded in 2013 by Ahmed Moor and Samer Atiani, connects investors and small businesses through smart business loans.

It may now finance more SMEs in diverse sectors with the latest financial infusion.
It’s previous investment round was $18.5 million in pre-Series B stock and debt in 2022.

Portl

The $3 million fundraising round sponsored by Bharat Innovation Fund has been successfully closed by Portl, an Indian business providing digital fitness and wellness technologies.

In a statement released on Thursday, it claimed that T-Hub Foundation, a new investor, and Kalaari Capital, an existing investor, also participated in this round.

PopChill

Taiwan and Hong Kong luxury marketplace PopChill raised US$1.3 million in pre-series A funding. This brings the round’s total to US$3.1 million and the company’s total to US$6.2 million.

The Taiwan National Development Fund and Top Taiwan Venture Capital just joined the round.

Name the Top 10 Asian Startups Funding Roundup in this week ?

Colendi, PhiGent Robotics, Finout, Honest Bank, OneOrder, SAVE Group, UnifyApps, Liwwa, Portl, PopChill, are the Top 10 Asian Startups Funding Roundup in This Week.

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