This week, 500-backed fintech and edtech startups make the funding news: Indonesian ‘buy now, pay later’ service Kredivo doubled its debt facility to US$200 million while Madrid-based Lingokids raised US$40 million for growth and expansion. In Singapore, Arcstone launched a joint lab to boost digital manufacturing. This facility is expected to benefit both SMEs (small and medium-sized enterprises) and end consumers.
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- Kredivo bags another US$100M debt facility, eyes 10M customers
- Lingokids raises US$40M, reaches more than 30 million families worldwide
- Arcstone launches ~US$13.4M joint lab to boost digital manufacturing
- Southeast Asia’s next unicorn could be in insurance
- Grassroot gamers to organize their own tournaments on ESPL
- Jala Tech only SEA startup selected for Unreasonable Impact Asia Pacific 2021
- Koo to reach wider multilingual audiences in India with new partnership
- How to build an engineering team in Southeast Asia according to Glints
- Laka launches bike membership program to benefit retailers
- Grab’s commitment to uplifting persons with disabilities, providing scholarships & more
- Bukalapak enables donations of rice to over 20,000 people and more
- RedDoorz discusses its COVID-19 response on NYSE Floor Talk
Other stories you may have missed:
- Watch how Bukalapak’s technology has uplifted the lives of Indonesians in this manifesto video.
- Kredivo and Katadata launched the 2021 Indonesian E-commerce Consumer Behavior report.
- Braintree Technologies was featured on Green Queen as one of the agri-food tech startups of GROW, a food and agri-tech focused accelerator.
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500 Startups is a venture capital firm on a mission to discover and back the world’s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. In Southeast Asia, 500 Startups invests through the pioneering 500 Southeast Asia family of funds. The 500 Southeast Asia funds have backed over 240 companies across multiple sectors from internet to consumer to deep technology. It continues to connect founders with capital, expertise and powerful regional and global networks to help them succeed.
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