Daily Markup

Daily Markup #1106: Top stories in October on US$10M+ raised for financial inclusion, drone tech innovations, food security, and more

October 30, 2024 · 3 min read

This month, 500-backed companies are all about helping others grow! First Circle will continue to empower more SMEs in the Philippines to scale their businesses through better access to financial services, Aereo’s drone tech will help companies optimize challenging aspects of their operations, while Qarbotech will bring their crop booster solution to more farmers across Southeast Asia.

Missed our last highlights issue? Check it out here.

Photo credit: ISN / Qarbotech / JULO / First Circle
  • First Circle secures US$7M investment from World Bank Group member to empower more SMEs in the Philippines to grow
  • Aereo lands additional US$1.8M Series B to expand internationally and drive drone tech innovations
  • Qarbotech lands US$1.5M to ramp up production and bring crop booster solution to farmers in Indonesia, Thailand, and Vietnam
  • eFishery provided US$11M+ in financing to help 6,000+ fish farmers across Indonesia like Pak Joni scale their business
  • XING Mobility opens new factory to scale up innovative battery tech for EVs, agricultural machinery, energy storage, and more
  • Imajin helps startups and MSMEs turn ideas into real products, starting with biomedical technology in Indonesia
  • Pomelo branches out to serve shoppers in Cambodia and the Philippines; eyeing Vietnam, the Middle East, and India next
  • Naluri expands digital health services to Thailand; continues to break the stigma of seeking mental health help across SE Asia
  • MYCL is a 2024 Earthshot Prize finalist for turning crop waste into a sustainable leather alternative, and keeping our air clean
  • Grab honored as Time’s World’s Best Companies, and on Fortune’s 2024 Change the World list for driving financial inclusion
  • Pandai crowned world champion at the WITSA World Cup; beats 16 tech companies from 10 countries
  • Vircle helps parents raise money-smart kids; serving 70 schools in Malaysia today, and 3 countries by 2026
  • Seventh Sense launches first-of-its-kind solution to upgrade privacy and security in identity verification systems worldwide

Other stories you may have missed:

  • Grab Thailand, in collaboration with the Digital Economy Promotion Agency and the Ministry of Labor, is continuing its Elderly Drivers Support Program for the second year to equip elderly Thais with digital skills
  • BloomThis’ Garden of Hope at a UN Festival encouraged attendees to buy flower seeds from a vending machine, plant them, and contribute to the well-being of children in Malaysia, with proceeds donated to UNICEF Malaysia
  • Lingokids launched a new animated learning series, “Baby Bot’s Backyard Tales”, which teaches lessons of kindness, compassion, creativity and honesty through playful shorts
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