Data Vantage | Endowus, GIMO, Vantient and eFishery report cap table updates
Edition #283, 20 June 2023
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Singapore-based digital investment platform Endowus issued shares worth [redacted] million to investors, including Prosus Ventures, EDBI, Z Venture Capital and UBS, last week.
The company’s regulatory filings show it is allotting these shares due to [redacted].
Founded in 2017, Endowus claims to be the first digital advisor in the region to offer services spanning both private wealth and public pension savings. It launched its digital wealth management services in Hong Kong, its first market outside Singapore, in April.
Vietnam-based earned wage access company GIMO received [redacted] million in new funding from investors, including [redacted], TNB Aura and [redacted], last week.
The startup had earlier announced the first close of its Series A round at $5.1 million in February. It offers on-demand payroll services for blue-collar workers.
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Other updates from DATA VANTAGE
Vantient, a Singapore-based Web3 CRM solutions company, allotted shares worth [redacted] million to Cercano Management (formerly Vulcan Capital), Alpha JWC Ventures and other investors last week. Read our story for the details.
Southeast Asian fintech platform Fave received [redacted] million from its parent company, Indian merchant commerce company Pine Labs, last week. The SE Asian company recently exited Indonesia as it seeks to sharpen its focus on Singapore and Malaysia as well as its new India operations.
Indonesian aquatech company eFishery issued shares worth $250k to InnoVen Capital last week. It recently closed a $108 million Series D round that catapulted it into the region’s unicorn club.
Digital health and AI company Nervotec received $600k in seed funding from investors, including Mercatus Capital, last week.
Singapore-headquartered fintech company Hydra X reported an over 68% increase in revenue for the financial year ended December 21, 2022. Its net loss more than doubled during the period.
BetterTradeOff, a fintech startup that seeks to simplify financial planning, posted a more than 73% revenue growth for the financial year ended Dec 31, 2021. It reduced its losses by over 27% during the year.
Indonesian jobs platform KitaLulus reported flat revenue for the financial year ended November 30, 2022. Meanwhile, its net loss jumped nearly 5x during the period.
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