{"id":1290,"date":"2021-06-25T00:00:00","date_gmt":"2021-06-25T00:00:00","guid":{"rendered":"https:\/\/markupbackup.wordpress.com\/2021\/07\/21\/durians-daily-281-this-weeks-top-stories-on-kredivo-doubling-its-debt-facility-to-us200m\/"},"modified":"2021-08-02T07:37:25","modified_gmt":"2021-08-02T07:37:25","slug":"durians-daily-281-this-weeks-top-stories-on-kredivo-doubling-its-debt-facility-to-us200m","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=1290","title":{"rendered":"Daily Markup #281: This week\u2019s top stories on Kredivo doubling its debt facility to US$200M, Lingokids raising US$40M &#038; more"},"content":{"rendered":"<p>This week, 500-backed fintech and edtech startups make the funding news: Indonesian \u2018buy now, pay later\u2019 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.<\/p>\n<p>Missed the last weekly roundup? Check it out <a href=\"https:\/\/bit.ly\/duriansdaily276\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/p>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1024\" data-height=\"576\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7db0f2aa79.png\"><figcaption class=\"wp-caption-text\">Photo credit: SWA \/\u00a0Magisnet<\/figcaption><\/figure>\n<ul>\n<li><a href=\"https:\/\/bit.ly\/duriansdaily279\" target=\"_blank\" rel=\"noopener\">Kredivo bags another US$100M debt facility, eyes 10M customers<\/a><\/li>\n<li><a href=\"https:\/\/bit.ly\/duriansdaily277\" target=\"_blank\" rel=\"noopener\">Lingokids raises US$40M, reaches more than 30 million families worldwide<\/a><\/li>\n<li><a href=\"https:\/\/bit.ly\/duriansdaily278\" target=\"_blank\" rel=\"noopener\">Arcstone launches ~US$13.4M joint lab to boost digital manufacturing<\/a><\/li>\n<li><a href=\"https:\/\/bit.ly\/duriansdaily277\" target=\"_blank\" rel=\"noopener\">Southeast Asia\u2019s next unicorn could be in insurance<\/a><\/li>\n<li><a href=\"https:\/\/bit.ly\/duriansdaily279\" target=\"_blank\" rel=\"noopener\">Grassroot gamers to organize their own tournaments on ESPL<\/a><\/li>\n<li><a href=\"https:\/\/bit.ly\/duriansdaily278\" target=\"_blank\" rel=\"noopener\">Jala Tech only SEA startup selected for Unreasonable Impact Asia Pacific 2021<\/a><\/li>\n<li><a href=\"https:\/\/bit.ly\/duriansdaily280\" target=\"_blank\" rel=\"noopener\">Koo to reach wider multilingual audiences in India with new partnership<\/a><\/li>\n<li><a href=\"https:\/\/bit.ly\/duriansdaily277\" target=\"_blank\" rel=\"noopener\">How to build an engineering team in Southeast Asia according to Glints<\/a><\/li>\n<li><a href=\"https:\/\/bit.ly\/duriansdaily280\" target=\"_blank\" rel=\"noopener\">Laka launches bike membership program to benefit retailers<\/a><\/li>\n<li><a href=\"https:\/\/bit.ly\/duriansdaily280\" target=\"_blank\" rel=\"noopener\">Grab\u2019s commitment to uplifting persons with disabilities, providing scholarships &amp; more<\/a><\/li>\n<li><a href=\"https:\/\/bit.ly\/duriansdaily278\" target=\"_blank\" rel=\"noopener\">Bukalapak enables donations of rice to over 20,000 people and more<\/a><\/li>\n<li><a href=\"https:\/\/bit.ly\/duriansdaily279\" target=\"_blank\" rel=\"noopener\">RedDoorz discusses its COVID-19 response on NYSE Floor Talk<\/a><\/li>\n<\/ul>\n<p><strong>Other stories you may have missed:<\/strong><\/p>\n<ul>\n<li>Watch how <a href=\"https:\/\/www.bukalapak.com\/\" target=\"_blank\" rel=\"noopener\">Bukalapak<\/a>\u2019s technology has uplifted the lives of Indonesians in this <a href=\"https:\/\/www.linkedin.com\/posts\/pt-bukalapak-com_manifesto-mitra-bukalapak-activity-6813098211302100993-Hn4u\" target=\"_blank\" rel=\"noopener\">manifesto video<\/a>.<\/li>\n<li><a href=\"https:\/\/www.kredivo.com\/\" target=\"_blank\" rel=\"noopener\">Kredivo<\/a> and Katadata launched the 2021 Indonesian E-commerce Consumer Behavior <a href=\"https:\/\/finaccel.co\/\" target=\"_blank\" rel=\"noopener\">report<\/a>.<\/li>\n<li><a href=\"http:\/\/braintreex.com\/\" target=\"_blank\" rel=\"noopener\">Braintree Technologies<\/a> was featured on <a href=\"https:\/\/www.greenqueen.com.hk\/meet-these-7-agri-food-tech-startups-of-grows-new-female-led-cohort\/\" target=\"_blank\" rel=\"noopener\">Green Queen<\/a> as one of the agri-food tech startups of GROW, a food and agri-tech focused accelerator.<\/li>\n<\/ul>\n<hr>\n<p><strong>Missed out the last Daily Markup? Go <\/strong><a href=\"https:\/\/dailymarkup.com\/\" target=\"_blank\" rel=\"noopener\"><strong>here<\/strong><\/a><strong> to check it out.<\/strong><\/p>\n<p><strong>You can also find us on <\/strong><a href=\"https:\/\/www.linkedin.com\/company\/500-durians\/\" target=\"_blank\" rel=\"noopener\"><strong>LinkedIn<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.facebook.com\/500durians\/\" target=\"_blank\" rel=\"noopener\"><strong>Facebook<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/twitter.com\/500Startups_SEA\" target=\"_blank\" rel=\"noopener\"><strong>Twitter<\/strong><\/a><strong>, and <\/strong><a href=\"https:\/\/www.instagram.com\/500durians\/?hl=en\" target=\"_blank\" rel=\"noopener\"><strong>Instagram<\/strong><\/a><strong>.<\/strong><\/p>\n<figure><img decoding=\"async\" data-width=\"400\" data-height=\"400\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7db0fc122e.jpg\"><\/figure>\n<p>500 Startups is a venture capital firm on a mission to discover and back the world\u2019s 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.<\/p>\n<p><em>This post is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively \u201c500 Startups\u201d) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. All third party links in this post have not been independently verified by 500 Startups and the inclusion of such links should not be interpreted as an endorsement or confirmation of the content within. Information about portfolio companies\u2019 markets, competitors, performance, and fundraising has been provided by those companies\u2019 founders and has not been independently verified. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Startups, or an offer to provide any investment advisory service with regard to securities by 500 Startups. No content or information in this post should be construed as an offer to sell or solicitation of interest to purchase any securities advised by 500 Startups. Prospective investors considering an investment into any 500 Startups fund should not consider or construe this content as fund marketing material. The views expressed herein are as at the date of this post and are subject to change without notice. One or more 500 Startups fund may have a financial interest in one or more of the companies discussed.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, 500-backed fintech and edtech startups make the funding news: Indonesian \u2018buy now, pay later\u2019 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 [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":1984,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[319],"tags":[379,366,423,344,364,346,143,370,337,387,375,347],"class_list":["post-1290","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-weekly-roundup","tag-arcstone","tag-braintree-technologies","tag-bukalapak-d2","tag-espl","tag-finaccel","tag-glints","tag-grab","tag-jala","tag-laka","tag-lingokids","tag-reddoorz","tag-vokal"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #281: This week\u2019s top stories on Kredivo doubling its debt facility to US$200M, Lingokids raising US$40M &amp; more - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=1290\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #281: This week\u2019s top stories on Kredivo doubling its debt facility to US$200M, Lingokids raising US$40M &amp; more - Markup\" \/>\n<meta property=\"og:description\" content=\"This week, 500-backed fintech and edtech startups make the funding news: Indonesian \u2018buy now, pay later\u2019 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 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailymarkup.com\/?p=1290\" \/>\n<meta property=\"og:site_name\" content=\"Markup\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/500southeastasia\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-25T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-02T07:37:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/0zN7SachVmhgIJeUX.png\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"393\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Felicia Chia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dailymarkup.com\/#website\",\"url\":\"https:\/\/dailymarkup.com\/\",\"name\":\"Markup\",\"description\":\"Serving bite-sized news on 500 Southeast Asia&#039;s portfolio companies and insights to fuel your momentum in life and business.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dailymarkup.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/?p=1290#primaryimage\",\"url\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/0zN7SachVmhgIJeUX.png\",\"contentUrl\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/0zN7SachVmhgIJeUX.png\",\"width\":700,\"height\":393},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailymarkup.com\/?p=1290#webpage\",\"url\":\"https:\/\/dailymarkup.com\/?p=1290\",\"name\":\"Daily Markup #281: This week\u2019s top stories on Kredivo doubling its debt facility to US$200M, Lingokids raising US$40M & more - Markup\",\"isPartOf\":{\"@id\":\"https:\/\/dailymarkup.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/dailymarkup.com\/?p=1290#primaryimage\"},\"datePublished\":\"2021-06-25T00:00:00+00:00\",\"dateModified\":\"2021-08-02T07:37:25+00:00\",\"author\":{\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/9500d05faff850f12de850d9051b7b67\"},\"breadcrumb\":{\"@id\":\"https:\/\/dailymarkup.com\/?p=1290#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dailymarkup.com\/?p=1290\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dailymarkup.com\/?p=1290#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/dailymarkup.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Daily Markup #281: This week\u2019s top stories on Kredivo doubling its debt facility to US$200M, Lingokids raising US$40M &#038; more\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/9500d05faff850f12de850d9051b7b67\",\"name\":\"Felicia Chia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b574d076fbdac43064ec75a7d589d309319c819283cc558025e0ef88192ee849?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b574d076fbdac43064ec75a7d589d309319c819283cc558025e0ef88192ee849?s=96&d=mm&r=g\",\"caption\":\"Felicia Chia\"},\"url\":\"https:\/\/dailymarkup.com\/?author=7\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Daily Markup #281: This week\u2019s top stories on Kredivo doubling its debt facility to US$200M, Lingokids raising US$40M & more - Markup","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dailymarkup.com\/?p=1290","og_locale":"en_US","og_type":"article","og_title":"Daily Markup #281: This week\u2019s top stories on Kredivo doubling its debt facility to US$200M, Lingokids raising US$40M & more - Markup","og_description":"This week, 500-backed fintech and edtech startups make the funding news: Indonesian \u2018buy now, pay later\u2019 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 [&hellip;]","og_url":"https:\/\/dailymarkup.com\/?p=1290","og_site_name":"Markup","article_publisher":"http:\/\/facebook.com\/500southeastasia","article_published_time":"2021-06-25T00:00:00+00:00","article_modified_time":"2021-08-02T07:37:25+00:00","og_image":[{"width":700,"height":393,"url":"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/0zN7SachVmhgIJeUX.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"Felicia Chia","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/dailymarkup.com\/#website","url":"https:\/\/dailymarkup.com\/","name":"Markup","description":"Serving bite-sized news on 500 Southeast Asia&#039;s portfolio companies and insights to fuel your momentum in life and business.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/dailymarkup.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dailymarkup.com\/?p=1290#primaryimage","url":"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/0zN7SachVmhgIJeUX.png","contentUrl":"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/0zN7SachVmhgIJeUX.png","width":700,"height":393},{"@type":"WebPage","@id":"https:\/\/dailymarkup.com\/?p=1290#webpage","url":"https:\/\/dailymarkup.com\/?p=1290","name":"Daily Markup #281: This week\u2019s top stories on Kredivo doubling its debt facility to US$200M, Lingokids raising US$40M & more - Markup","isPartOf":{"@id":"https:\/\/dailymarkup.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/dailymarkup.com\/?p=1290#primaryimage"},"datePublished":"2021-06-25T00:00:00+00:00","dateModified":"2021-08-02T07:37:25+00:00","author":{"@id":"https:\/\/dailymarkup.com\/#\/schema\/person\/9500d05faff850f12de850d9051b7b67"},"breadcrumb":{"@id":"https:\/\/dailymarkup.com\/?p=1290#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/dailymarkup.com\/?p=1290"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/dailymarkup.com\/?p=1290#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/dailymarkup.com\/"},{"@type":"ListItem","position":2,"name":"Daily Markup #281: This week\u2019s top stories on Kredivo doubling its debt facility to US$200M, Lingokids raising US$40M &#038; more"}]},{"@type":"Person","@id":"https:\/\/dailymarkup.com\/#\/schema\/person\/9500d05faff850f12de850d9051b7b67","name":"Felicia Chia","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dailymarkup.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b574d076fbdac43064ec75a7d589d309319c819283cc558025e0ef88192ee849?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b574d076fbdac43064ec75a7d589d309319c819283cc558025e0ef88192ee849?s=96&d=mm&r=g","caption":"Felicia Chia"},"url":"https:\/\/dailymarkup.com\/?author=7"}]}},"_links":{"self":[{"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/posts\/1290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1290"}],"version-history":[{"count":2,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/posts\/1290\/revisions"}],"predecessor-version":[{"id":2177,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/posts\/1290\/revisions\/2177"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/media\/1984"}],"wp:attachment":[{"href":"https:\/\/dailymarkup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}