{"id":56,"date":"2021-05-07T00:00:00","date_gmt":"2021-05-07T00:00:00","guid":{"rendered":"https:\/\/markupbackup.wordpress.com\/2021\/07\/21\/durians-daily-250-this-weeks-top-stories-on-robo-advisor-bibits-us65m-funding-round-the\/"},"modified":"2021-08-03T08:56:37","modified_gmt":"2021-08-03T08:56:37","slug":"durians-daily-250-this-weeks-top-stories-on-robo-advisor-bibits-us65m-funding-round-the","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=56","title":{"rendered":"Daily Markup #250: This week\u2019s top stories on robo-advisor Bibit\u2019s US$65M funding round, the acquisition of P2P lending platform iGrow &#038; more"},"content":{"rendered":"<p>On this week\u2019s top stories, two Indonesian fintech startups lead the charge. Join us in congratulating team Bibit for their latest funding round and team iGrow on their recent acquisition. Proptech is also hot news, with CEO of Urbanmetry Cha-Ly Koh weighing in on \u2018property overhang\u2019 in Malaysia and MHub signing two important MoUs.<\/p>\n<p>Missed our rundown of the biggest stories in April? Check it out <a href=\"https:\/\/bit.ly\/duriansdaily245\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/p>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"970\" data-height=\"607\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7dac719032.jpg\"><figcaption class=\"wp-caption-text\">Credit: HiTekno<\/figcaption><\/figure>\n<p><strong>Funding &amp; acquisitions in fintech<\/strong><\/p>\n<ul>\n<li>Peer-to-peer (P2P) lending startup <a href=\"https:\/\/igrow.asia\/\" target=\"_blank\" rel=\"noopener\">iGrow<\/a> was <a href=\"https:\/\/kr-asia.com\/linkaja-acquires-agriculture-focused-p2p-lender-igrow\" target=\"_blank\" rel=\"noopener\">acquired by payments company LinkAja<\/a> in its move to expand into online financing, especially for micro, small, and medium enterprises (MSMEs). Read more <a href=\"https:\/\/bit.ly\/duriansdaily246\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<li>Robo-advisor platform <a href=\"https:\/\/bibit.id\/\" target=\"_blank\" rel=\"noopener\">Bibit<\/a> has <a href=\"https:\/\/techcrunch.com\/2021\/05\/02\/bibit-raises-another-growth-round-led-by-sequoia-capital-india-this-time-for-65m\/?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAAJ7lX4t5HQV7PUnAvX--QDz974ld4np4f6LQwwtH4AeAB9_FTKmBuWIDz29xMJQTMu95Pd6ylvJRcqj_tUQvCjE6feN1uninSf9x4W3GgWJkLFarnImP6zbt5RabjuOzQQOfxAoSFmHzq6jq5Q8d2ANCOOA-ZnVUUvRUANUroocZ\" target=\"_blank\" rel=\"noopener\">raised US$65 million in a funding round<\/a>. It plans to develop and launch new products, expand its team, and invest in financial education and awareness among young people. Details <a href=\"https:\/\/bit.ly\/duriansdaily247\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<p><strong>Forging partnerships<\/strong><\/p>\n<ul>\n<li>Digital manufacturing startup <a href=\"https:\/\/www.arcstone.co\/\" target=\"_blank\" rel=\"noopener\">Arcstone<\/a> signed a Memorandum of Understanding (MoU) with the Indonesian Ministry of Industry. The key objective is to <a href=\"https:\/\/www.arcstone.co\/single-post\/surging-ahead-arcstone-signs-mou-with-indonesian-ministry-of-industry\" target=\"_blank\" rel=\"noopener\">advocate and execute educational programs<\/a> on digitalization. Read <a href=\"https:\/\/bit.ly\/duriansdaily244\" target=\"_blank\" rel=\"noopener\">on<\/a>.<\/li>\n<li>Proptech startup <a href=\"https:\/\/apps.mhub.my\/\" target=\"_blank\" rel=\"noopener\">MHub<\/a> signed two <a href=\"https:\/\/blog.mhub.my\/posts\/mhub-signs-mou-with-contech-partners-mes-group-speedbrick\/?fbclid=IwAR2dS6Xtkt_TtKAGHE1O6jryW4VO8zg5Ibg8-HyidqNre7BGHtnt-OJVnxg\" target=\"_blank\" rel=\"noopener\">Memorandums of Understanding (MoU) with construction technology (contech) companies<\/a>. This strategic partnership aims to increase efficiency in the real estate sector. More about the agreements <a href=\"https:\/\/bit.ly\/duriansdaily247\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<p><strong>Hear from founders<\/strong><\/p>\n<ul>\n<li>Cha-Ly Koh, founder, and CEO of property data startup <a href=\"https:\/\/docs.google.com\/document\/d\/18iP4Tt_8gycBKShqswn0ahJF49OQN90dEIrAWKgqFD4\/edit\" target=\"_blank\" rel=\"noopener\">Urbanmetry<\/a> spoke <a href=\"https:\/\/www.bfm.my\/podcast\/morning-run\/the-property-show\/property-overhang-not-just-about-the-prices\" target=\"_blank\" rel=\"noopener\">on the issue of property overhang<\/a> in Malaysia. She believes that COVID-19 has given the real estate industry some breathing room. More on the interview <a href=\"https:\/\/bit.ly\/duriansdaily244\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<li>From launching a product that has never been seen before in the market to winning awards, fintech startup <a href=\"http:\/\/curlec.com\/\" target=\"_blank\" rel=\"noopener\">Curlec<\/a> has since processed close to US$250,000,000 on its platform. Hear more from co-founder Zac Liew <a href=\"https:\/\/bit.ly\/duriansdaily244\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<li>In an interview, founder of review app <a href=\"https:\/\/www.abillion.com\/\" target=\"_blank\" rel=\"noopener\">abillion<\/a>, Vikas Garg said that the platform uses \u2018gamification\u2019, to encourage users to stay active on the app. Find out more <a href=\"https:\/\/bit.ly\/duriansdaily246\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<p><strong>A business for good<\/strong><\/p>\n<ul>\n<li>An interview with CEO of ecommerce startup <a href=\"https:\/\/www.bukalapak.com\/\" target=\"_blank\" rel=\"noopener\">Bukalapak<\/a> Rachmat Kaimuddin shed some light on <a href=\"https:\/\/www.apacoutlookmag.com\/company-profiles\/389-bukalapak\" target=\"_blank\" rel=\"noopener\">how it has been contributing to the growth of Indonesian SMEs<\/a> in its pursuit of \u2018a fair economy for all\u2019. Read more <a href=\"https:\/\/bit.ly\/duriansdaily247\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<p><strong>Other stories you may have missed:<\/strong><\/p>\n<ul>\n<li>Bicycle insurance startup Laka has <a href=\"https:\/\/www.linkedin.com\/posts\/lakahq_laka-has-partnered-with-fietstestnl-the-activity-6788365191533932544-Gjp6\/\" target=\"_blank\" rel=\"noopener\">partnered with Fietstest.nl<\/a>, the independent \u2018try before you buy\u2019 bike test company for Dutch consumers. Laka\u2019s bicycle insurance will be offered with the purchase of a new bike after each test ride.<\/li>\n<li>E-scooter startup <a href=\"https:\/\/www.rideneuron.com\/\" target=\"_blank\" rel=\"noopener\">Neuron Mobility<\/a> is on a quest to make riding safe. It has partnered with <a href=\"https:\/\/www.rideneuron.com\/neuron-partners-with-brake-to-lead-the-way-on-e-scooter-safety-in-new-zealand\/\" target=\"_blank\" rel=\"noopener\">Brake in New Zealand<\/a> and <a href=\"http:\/\/www.businesskorea.co.kr\/news\/articleView.html?idxno=65423\" target=\"_blank\" rel=\"noopener\">Citizens\u2019 Coalition for Safety<\/a> and <a href=\"https:\/\/www.rideneuron.com\/neuron-partners-with-seoul-gangnam-police-station\/\" target=\"_blank\" rel=\"noopener\">Seoul Gangnam Police Station<\/a> to promote and strengthen safety requirements.<\/li>\n<li>Last month, <a href=\"https:\/\/www.carousell.com.hk\/\" target=\"_blank\" rel=\"noopener\">Carousell Hong Kong<\/a> won the Tithe Ethical Consumption Social Enterprise Supporter Award Scheme\u2019s <a href=\"https:\/\/www.linkedin.com\/posts\/carousell_carousell-hong-kong-won-tithe-ethical-consumption-activity-6787939473259950080-W8Qy\/\" target=\"_blank\" rel=\"noopener\">SE Supporter Award<\/a>, which recognises collaboration between social enterprises and corporates.<\/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_60f7dac7615c5.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>On this week\u2019s top stories, two Indonesian fintech startups lead the charge. Join us in congratulating team Bibit for their latest funding round and team iGrow on their recent acquisition. Proptech is also hot news, with CEO of Urbanmetry Cha-Ly Koh weighing in on \u2018property overhang\u2019 in Malaysia and MHub signing two important MoUs. Missed [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":2014,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[319],"tags":[372,379,354,45,382,378,337,380,356,329,381],"class_list":["post-56","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-weekly-roundup","tag-abillionveg","tag-arcstone","tag-bukalapak","tag-carousell","tag-curlec","tag-igrow","tag-laka","tag-mhub","tag-neuron-mobility","tag-stockbit","tag-urbanmetry-fka-property-pricetag-com"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #250: This week\u2019s top stories on robo-advisor Bibit\u2019s US$65M funding round, the acquisition of P2P lending platform iGrow &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=56\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #250: This week\u2019s top stories on robo-advisor Bibit\u2019s US$65M funding round, the acquisition of P2P lending platform iGrow &amp; more - Markup\" \/>\n<meta property=\"og:description\" content=\"On this week\u2019s top stories, two Indonesian fintech startups lead the charge. 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