Buy now, pay later startup Kredivo doubles its debt facility from Victory Park Capital to $200M

Kredivo announced today it has secured another $100 million debt facility from Victory Park Capital (VPC). This doubles the Indonesian digital lending and credit platform’s total warehouse financing facility from VPC to $200 million. The first round was closed in July 2020. Kredivo is operated by Singapore-based fintech FinAccel. This is the largest loan facility […]
https://tcrn.ch/3wHlMg6

GrowSari, a B2B platform for small stores in the Philippines, adds investors like Temasek’s Pavilion Capital and Tencent

Sari-sari stores are neighborhood stores in the Philippines that usually sell daily necessities and sometimes serve as community hubs, too. Today GrowSari, a startup that is digitizing sari-sari stores with features like pricing tools, inventory management and working capital loans, announced it has raised a Series B from several notable investors that brings its total […]
https://tcrn.ch/2TUyvha

Crypto finance startup Amber Group raises $100M at $1B valuation

More mainstream venture capital firms are jumping on the crypto bandwagon as investors increasingly consider bitcoin an investable asset, despite the recent massive price drops of a few major cryptocurrencies. Amber Group, a Hong Kong-based cryptocurrency trading startup, said on Monday it has raised $100 million in a Series B funding round at a pre-money […]
https://tcrn.ch/3zGElmp

Dollars, deals and the importance of nondilutive capital

Today, on Juneteenth, we recognize the efforts this nation still needs to put toward addressing structural racism and disparities, including in the world of tech. This week, HBCUvc, a nonprofit that aims to diversify the world of venture capital, launched a million-dollar fund. Founder Hadiyah Mujhid told me that the capital would provide nondilutive financing […]
https://tcrn.ch/3gDLZXj

Investors say Eindhoven poised to become Netherlands’ No. 2 tech hub

Our survey respondents said Eindhoven might not immediately spring to mind as a high-tech hub, but the Netherlands city is keen to position itself as a center for deep tech in Europe.
https://tcrn.ch/35BQafZ

Extra Crunch roundup: influencer marketing 101, spotting future unicorns, Apple AirTags teardown

We're off today to celebrate the Juneteenth holiday in the United States. I hope you have a safe and relaxing weekend.
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Perspectives on tackling Big Tech’s market power

The need for markets-focused competition watchdogs and consumer-centric privacy regulators to think outside their respective ‘legal silos’ and find creative ways to work together to tackle the challenge of big tech market power was the impetus for a couple of fascinating panel discussions organized by the Centre for Economic Policy Research (CEPR), which were livestreamed […]
https://tcrn.ch/3vEVD0a