GDP Enterprise joins Simple Crypto’s US$12M Collection A
The story: New Zealand-based crypto startup, Simple Crypto, has secured US$12 million in a Collection A spherical of funding led by Nuance Linked Capital.
Buyers: Indonesian VC agency GDP Enterprise, New Zealand-based Pathfinder KiwiSaver (a retirement fund), Icehouse Ventures and Even Capital, and US-based Hutt Capital and Seven Peaks Ventures.
The plans: The funding shall be used to broaden into new markets, significantly Indonesia and Southeast Asia.
What’s Simple Crypto: Based by siblings Janine dan Alan Grainger in 2018, it trades greater than 150 varieties of crypto belongings. Up to now it has recorded US$750 million in gross sales. It presently has operations in South Africa, Australia, the Philippines, and Brazil.
Japan’s SmartRyde nets US$1.6M in Collection A
The story: SmartRyde, a world airport switch market in Japan, has raised US$1.6 million in a Collection A funding spherical.
Buyers: Angel Bridge (lead), SG Incubate, Yamaguchi Capital, SMBC Enterprise Capital, Hiroshima Enterprise Capital, Iyogin Capital, Inventum Ventures, particular person investor and serial entrepreneur Shouji Kodama, Nobuaki Takahashi (NOB LLC), and Optima Ventures.
What’s SmartRyde: It’s making a market to attach native transport operators and on-line journey businesses (OTAs). As of August 2021, it has collaborated with greater than 650 transportation operators and greater than 25 OTAs, together with high world gamers corresponding to Reserving.com, Expedia, Journey.com, Traveloka (Indonesia), and Despegar (Argentina).
Plans: It can strengthen system integration with OTAs on the demand aspect, construct a reserving administration system for transportation operators on the availability aspect, and promote digital transformation.
—
Picture Credit score: Simple Crypto
The put up Briefly: Indonesia’s GDP Enterprise invests in NZ startup Simple Crypto appeared first on e27.