BNPL platform Qist Bazaar bags Series A funding
Qist Bazaar, a buy now, pay later platform serving the Pakistani market, has bagged USD 3.2 million in a Series A funding round led by Indus Valley Capital, with participation from Gobi Partners. Bank Alfalah, a banking player in Pakistan, which led the startup’s seed round, also participated.
Qist Bazaar, licensed by the Securities and Exchange Commission of Pakistan (SECP) as a non-banking financial company (NBFC), offers installment-based payment plans targeting unbanked and underbanked consumers.
The company will use the fresh capital to expand across Pakistan, scaling its operations and broadening its product portfolio.
Doon raises USD 1.5 million in pre-seed round
Doon, a peer-to-peer car-sharing platform in the Philippines, has raised USD 1.5 million in its pre-seed funding round. The raise includes USD 500,000 in equity from a diverse group of angel investors and a USD 1 million debt facility secured through AHG Lab, Doon’s first backer.
The funds will be deployed to enhance Doon’s platform, hire key personnel, and expand the company’s footprint in key cities and tourist destinations. Doon also partners with Pioneer Insurance to offer coverage for both hosts and renters.
Mobee raises seed funding to expand used car platform
Mobee, a platform for used car transactions in the Philippines, Malaysia, and Indonesia, has raised an undisclosed amount in a seed funding round led by Kaya Founders, according to The Independent Investor.
The company plans to utilize the funds to improve transparency and efficiency in the used car market by introducing innovative solutions.
Satori Giants invests in Supafaya
Supafaya, a Philippine-based startup developing a marketplace operating system for content creators, has received an undisclosed sum of investment from Singapore-based venture studio Satori Giants as part of its pre-seed funding round.
Supafaya has already launched its first marketplace, FlipX, and aims to roll out five more by the end of 2024, with expansion planned across Southeast Asia. The company, led by experienced founders in the content creation space, will use the funding to accelerate growth and scale operations.
ExceedData, Healius, Footwork, and more led yesterday’s headlines:
- ExceedData, a Chinese company specializing in vehicle-cloud data platforms, wrapped up its pre-Series B round of financing, raising an eight-figure RMB sum. The round was led by BAIC Capital, with continued support from existing investor Shanghai Shique Investment.
- Healius, an Australian medical diagnostics firm, struck a deal to offload its Lumus Imaging unit to Affinity Equity Partners for AUD 965 million (USD 659 million).
- Futwork, a sales outreach platform, raised INR 210 million (USD 2.5 million) in its Series A funding round led by the Michael & Susan Dell Foundation, with participation from Artha Venture Fund, Simile Ventures, D2C Insider Angels, and Abhishek Goyal.
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