By creating a zero investment model for sellers, and building trust among buyers, social commerce startups such as CoutLoot and Mall91 are changing the rules of ecommerce.
Sunday, a leading full-stack insurtech based in Thailand, has raised a USD 11 million extension round to its Series A financing. The round was led by Quona Capital, a leading fintech venture firm whose funds are anchored by Accion, with participation from existing investor Vertex. The new funding will provide growth capital to enable Sunday to expand its business and build enhancements to its proprietary core technology, which utilizes machine learning to price premiums for health, motor, and travel insurance in real time. More information is available at www.easysunday.com.
Currently, Licious processes more than 17,000 orders every day, with nearly 90 per cent of the business coming from repeat clientele.
TurnKey Lender has won this year’s New Product Innovation Award at an event hosted by Frost & Sullivan. The company competed in the Singapore FinTech Industry category.
Consolidating its strong position in the digital cross-border payments space in Southeast Asia, the recently-rebranded NIUM (formerly, InstaReM) has received the Fund Transfers license from the Bank Indonesia.