Taxonomy

Southeast Asia

[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...

Flourish Focus: Grab (Singapore)

[Flourish Focus] A One-on-One with Reuben Lai, Head of Grab Financial Group

The pandemic has accelerated the move towards digital finance with new opportunities to embed financial services into non-financial platforms that are relevant in people’s daily lives. One such platform is Grab, the Southeast Asian ride-sharing, delivery, and logistics platform that is used by ten millions of consumers, millions of drivers,...

Tilman

[Dealstreet Asia] Flourish Ventures spots big promise in SE Asia's fintech innovation

Originally posted on Dealstreet Asia By Kristie Neo Southeast Asia has arrived at a crossroads at which it may borrow multiple influences from fintech ecosystems across the US, China and India, said Tilman Ehrbeck, managing partner at early-stage investor Flourish Ventures. But how these fintech innovations are adopted and executed...

Dalal Street

[Dalal Street Investment Journal] Flourish Ventures Supports Founders in Crisis

Originally posted on Dalal Street Investment Journal It takes an ecosystem The truth of the old saying that necessity is the mother of invention is driving the efforts of many of the entrepreneurs who are leading India’s Fintech sector during the Covid-19 crisis. Throughout the country, Fintechs are going the...

AfterPay

[Nikkei Asia] Asian fintech enters accelerated innovation phase

A logo of Australia's AfterPay in a store window in Sydney, pictured in July 2020: embedded finance is changing the structure of traditional retail finance. © Reuters Originally posted on Nikkei Asia Tilman Ehrbeck is managing partner at Flourish, a global venture investment company. He is based in Washington, D.C....

January 14, 2021

Why We Invested In Grab Financial Group: Grab a seat at the embedded finance table

We’re excited to announce Flourish’s participation in Grab Financial Group’s (GFG) $300 million Series A funding round which was covered in the Financial Times earlier today.…

[Reuters] Grab raises $300 million for fintech arm's ambitious expansion

Originally posted on Reuters By Anshuman Daga SINGAPORE (Reuters) - Southeast Asian ride-hailing and food delivery giant Grab has raised more than $300 million from investors led by South Korea’s Hanwha Asset Management Co. Ltd for its rapidly-expanding financial services business. Grab said this is the first external funding for...

Portfolio

Embedded Finance

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...

[Tech Collective SEA] The path to success for challenger banks in Southeast Asia

Originally published on Tech Collective SEA Challenger banks – digital only, mobile first, without costly branch network or cumbersome legacy IT – are all the rage in the region: Singapore is about to grant 5 new digital bank licenses, two of which are expected to be consumer banks. Hong Kong already...

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...

[CNBC] Most Indonesian gig workers were ‘ill-equipped’ against virus’ economic shock

The coronavirus pandemic has exposed vulnerabilities within Indonesia’s gig economy, says Smita Aggarwal of Flourish Ventures, who calls for a greater focus on building these workers’ livelihood and financial resilience. Watch: