Tonik raises $21 million to launch digital bank in the Philippines – TechCrunch

[ad_1] A wave of digital banks, or neo-banks, has flourished in recent years in Western nations as people begin to flee megabanks. While most of these startups are yet to prove they can turn a profit, entrepreneurs are beginning to replicate similar ideas in South Asian markets, where most people don’t have accounts with traditional…

Maria Ressa, founder of Filipino independent media site Rappler, found guilty in cyber libel trial – TechCrunch

[ad_1] Veteran journalist Maria Ressa, the founder of Filipino independent news site Rappler, was found guilty on Monday of cyber libel charges by a Manila court. She faces up to six years in prison. Critics of the charges, which include prominent human rights and press freedom advocates, say charges filed against Ressa and Reynaldo Santos…

Philippines-based home services platform GoodWork gets $1.6 million to expand in Southeast Asia – TechCrunch

[ad_1] GoodWork, a Philippines-based booking platform for home services, has raised a $1.6 million seed round it will use to expand into new Southeast Asian markets. The funding was led by Chaac Ventures, a firm that backs Princeton alumni (GoodWork co-founder and CEO Andrew Koger earned his bachelor of arts at the university), and includes…

Igloo raises $8.2M to bring insurance to more people in Southeast Asia – TechCrunch

[ad_1] Singapore-based Igloo, formerly known as Axinan, has raised $8.2 million as the insurance-tech startup looks to broaden its foothold in half a dozen Southeast Asian markets and Australia. InVent, a corporate venture capital arm of telecommunications firm Intouch Holdings, led Igloo’s extended Series A round, the startup told . Existing investors Openspace Ventures, a…

Filipino live streaming app Kumu raises $5 million Series A led by Openspace Ventures – TechCrunch

[ad_1] Kumu Holdings, a live streaming startup primarily based within the Philippines, introduced at this time it has raised about $5 million in Series A funding, earmarked for brand spanking new options and rising its operations. The spherical was led by Openspace Ventures, an early investor in Go-Jek, with participation from Kickstart Ventures, media conglomerate…