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ShopUp

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[DealStreetAsia] Bangladesh B2B startup ShopUp secures $30m debt financing

ShopUp, a Bangladesh-based business-to-business (B2B) commerce startup, announced on Thursday that it has secured a $30-million debt financing from global debt provider Lendable and local lender The City Bank. The funding, which marks a significant milestone for ShopUp and the entire startup ecosystem in Bangladesh, follows the company’s $65-million follow-on...

[Flourish Conversations] The Corner Shop Isn't Dead: How Fintech and Embedded Finance Are Giving Them Extra Power

New research shows the corner shop is here to stay and poised to go digital. A $900B+ industry worldwide, fintechs are now serving corner shops across the retail value chain, developing low-cost, easy-to-use, online tools for sourcing, logistics, business management, sales, and financial services. Flourish Managing Partner, Arjuna Costa sits...

New Research Finds Corner Shops are Faring Well Against Big Box Stores in Emerging Markets, but Digital Challenges Remain

Flourish Ventures Research Reveals Shopkeepers in Brazil, Egypt, India and Indonesia are Reporting Strong Customer Traffic but Risk Falling Behind if They Don’t Become More Tech Savvy Today, Flourish Ventures released a new research report showing that corner shops are doing better than predicted despite protracted supply chain issues and...

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[Nikkei Asia] Bangladesh tech startup ShopUp nets $65m in new funding

Originally posted on Nikkei Asia By Mars W. Mosqueda Jr. Photo caption: Bangladesh is one of the most fragmented retail markets in Asia, relying on neighborhood shops across the country that ShopUp wants to get online. (Photo courtesy of ShopUp) CEBU, Philippines -- Bangladesh-based business-to-business commerce startup ShopUp has raised $65 million in a...

[Future Startup] ShopUp Extends Series B Funding Round with $34 Million from Tiger Global and Others

Originally posted on Future Startup ShopUp, the Dhaka-based full-stack B2B commerce startup digitizing neighborhood shops with an ecosystem of solutions from marketplace to logistics to capital, has closed a $34-million Series B extension round led by Tiger Global Management. The extension takes ShopUp’s total series B investment to $109 million....

[Nikkei Asia] Bangladeshi retail tech startup raises $74m from US fund

Originally posted on Nikkei Asia By Rachel Phua Image credit: A man sells vegetables on the street in Dhaka on July 6. Bangladesh is one of the most fragmented retail markets in Asia and has huge potential to grow. © Reuters SINGAPORE -- ShopUp, a Bangladesh-based startup that is...

[TechCrunch] Commerce platform ShopUp raises $75 million in Bangladesh's largest funding

Originally published in TechCrunch By: Manish Singh ShopUp, a startup that is digitizing neighborhood stores in Bangladesh, has raised $75 million in a new financing round that is also the largest in the South Asian market. Peter Thiel’s Valar Ventures led ShopUp’s $75 million Series B round. Prosus Ventures as well as...

[EVENT Recap] Fintech Founders in Bangladesh, Egypt & the US Share Customer-first Focus and Offerings

Today, embedded finance is one of the most influential, seemingly all-encompassing technology trends taking place around the world. It involves non-bank companies and fintech start ups offering financial products and services to targeted customers. Many suggest this is the beginning of a transition to fintech 3.0 where a customer’s experience...

[Flourish Conversations] Embedded Finance Platforms

Embedded Finance allows traditionally non-bank businesses—such as consumer tech companies, retailers, small businesses, and manufacturers—to incorporate financial offerings like payment options, credit, or insurance into their products and better serve their customers. As the world moves increasingly online, embedded finance can play a powerful role in helping consumers and small...

ShopUp

Bangladeshi B2B Commerce Platform ShopUp Raises $22.5 Million Series A Financing Round

Dhaka, Bangladesh - 20 October 2020 - ShopUp, Bangladesh’s leading full-stack B2B commerce platform for neighborhood shops and online sellers, has raised a Series A round of $22.5 Million. This is the largest Series A round in Bangladesh and was co-led by Flourish Ventures and Sequoia Capital India, with additional...

Flourish Focus: ShopUp (Bangladesh)

[Flourish Focus] A One-on-One with Afeef Zaman, Co-Founder & CEO, ShopUp

We have remained inspired by ShopUp's vision for a more inclusive financial system that begins with providing SMEs access to the formal financial sector. Smita Aggarwal sits down with Afeef Zaman, Co-Founder and CEO of ShopUp, to tell his founder story, and describe what has happened to their customers since...