In today’s briefing:
- Revfin gets $14m from Omidyar Network, others to bolster EV loans for Indians
- Komunal lands US$5.5M in Series A+ round to digitalise rural banks in Indonesia | e27
- LiveIn to widen SEA footprint with $8.3m series B
- Semaai nets US$4.7M to expand its agritech, fintech solutions to Central Java | e27
Revfin gets $14m from Omidyar Network, others to bolster EV loans for Indians
- As electric vehicles gain popularity across the globe, they are still typically more expensive than gasoline-powered vehicles.
- One area where EVs still lag behind is auto financing, which – in its regular iteration – does not necessarily cater to EVs’ specific needs.
- Indian fintech startup Revfin aims to change that, and, in turn, make EVs more accessible to consumers.
Komunal lands US$5.5M in Series A+ round to digitalise rural banks in Indonesia | e27
- Komunal, a fintech company offering neo-rural bank services in Indonesia, has raised US$5.5 million in a Series A extension funding round led by Sumitomo Corporation Equity Asia.
- Jafco Asia, Skystar Capital, Sovereign Capital, and Gobi Partners co-invested.
- With the Series A+ funding, the startup aims to drive financial inclusion in Indonesia by digitalising rural banks.
LiveIn to widen SEA footprint with $8.3m series B
- LiveIn, a proptech firm headquartered in Malaysia, has raised US$8.3 million in its pre-series B funding round led by Wavemaker Partners and InterVest.
- Malaysia Debt Ventures (MDV), Jungle Ventures, and CAC Capital also participated.
- Currently operating in Malaysia and Thailand, LiveIn plans to use the new funds to enter new markets, including Vietnam and Indonesia, by 2024. The company also aims to expand to the Philippines and into new urban areas, and introduce new service features on its platform.
Semaai nets US$4.7M to expand its agritech, fintech solutions to Central Java | e27
- Indonesian agritech startup Semaai has secured US$4.7 million (approximately IDR 73 billion) in a mix of equity and debt financing led by CyberAgent Capital (Japan).
- New investors Sumitomo Corporation Equity Asia, Ruvento, MyAsiaVC, and Heracles Ventures, besides existing backers Peak XV’s Surge, Accion Venture Lab, and Beenext, participated.
- This brings its total funding raised to date to US$7.6 million.
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