Xendit, the payments infrastructure unicorn in Indonesia, has closed a US$300 million Series D investment round, co-led by Coatue and Insight Partners.

Accel Partners, Tiger Global, Kleiner Perkins, EV Growth, Amasia, Intudo Ventures, and Justin Kan’s Goat Capital participated.

Tessa Wijaya, Co-Founder and COO of Xendit, said: “Xendit will continue to expand into new markets — like Thailand, Malaysia and Vietnam — where we can identify a need that doesn’t exist, similar to what we did in the Philippines. We plan to diversify our products with value-added services, like lending programmes we’ve already started in Indonesia.”

Known as the “Stripe of Southeast Asia”, Xendit is a fintech company that provides payment solutions to simplify the payment process of businesses (SMEs, e-commerce startups and large enterprises) in Southeast Asia.

The firm enables businesses to accept payments, disburse payroll, and run marketplaces on an easy integration platform. Businesses can accept payments from direct debit, virtual accounts, credit and debit cards, eWallets, retail outlets, and online instalments.

Also Read: Xendit bags US$64.6M Series B led by Accel to scale its digital payments service across Southeast Asia

Xendit serves more than 3,000 customers, including Samsung Indonesia, GrabPay, Ninja Van Philippines, Qoala, Unicef Indonesia, Cashalo and Shopback.

Over the last year, Xendit claims to have tripled annualised transactions from 65 million to 200 million and increased total payments value from US$6.5 billion to US$15 billion.

Xendit recently invested in Bank Sahabat Sampoerna, a private bank in Indonesia that focuses on micro and SME businesses. Xendit also made a strategic investment in payment gateway Dragonpay to complement its expansion into the Philippines.

The Series D round follows Xendit’s Series C funding led by Tiger Global last year. The startup was also the first Indonesian tech startup to be accepted into YCombinator.

Southeast Asia is a compelling backdrop for investing, innovation and disruption, with 61 per cent of 670 million people under 35 years old. The next generation of young digital entrepreneurs is quickly moving online. The surge in growth is creating higher living standards and increasing consumer demand, especially in e-commerce, fintech, travel and transportation.

—

The post Xendit, the “Stripe of Southeast Asia”, scores US$300M Series D appeared first on e27.

2022 has proved to be a testing year for China as the Shanghai Stock Market suffered a fall of more than 20 per cent between January and late April. Likewise, the yuan has suffered a sharp fall against the USD in recent days, signifying that further pullbacks may be on the way. 

Due to a cocktail of regulations, geopolitical tensions, and the COVID-19 pandemic, investors have remained fearful of Chinese stocks and firms from China with listings in the US. 

“Recently, the biggest drop in Chinese shares since the 2008 crisis was seen in US trading,” explained Maxim Manturov, head of investment advice at Freedom Finance Europe. “The main reason for the collapse was investor fears over the delisting of some companies and the threat of a Chinese military conflict with Taiwan. The Chinese regulator has instructed its tech giants (Alibaba, Baidu, JD, Pinduoduo, NetEase) to disclose detailed auditing information to avoid delisting in the US.”

“The country has a new record disease rate for coronavirus, so the authorities impose a lockdown regime in entire regions. What matters to investors is that China has no inflation problems like the rest of the world, which makes it possible to count on a relatively soft policy from the local central bank in 2022,” Manturov added. 

China’s COVID-19 cases have climbed to new highs that haven’t been seen since Our World in Data first began its records. Given China’s sprawling population, the threat of more infections is severe. However, it’s worth noting that data suggests around 88 per cent of the population are fully vaccinated against the virus. 

As a result, indexes in mainland China have been leading losses as wider Asia-Pacific markets have continued to fall.

The Shenzhen component fell by more than six per cent in late April to 10,379.28, whilst the Shanghai composite fell over five per cent to 2,928.51 as harsh lockdown measures were imposed in the city to stem the spread of the virus. 

Also Read: Winter for tech startups is here? Here’s how to deal with it

“It’s no surprise, and it makes all sorts of logical sense that the market should be concerned about the Covid situation because that impacts economic activity. It’s impacting earnings potential for many parts of the market,” noted Timothy Moe, chief Asia-Pacific equity strategist at Goldman Sachs.

The threat of US delisting

Compounding China’s struggling financial outlook is the threat facing stocks that have been listed in the US in the face of new regulatory rules. Alibaba, Baidu, Punduoduo, JD.com and Tencent have all struggled with fresh pressure from watchdogs. 

As we can see in the case of Alibaba, the company’s stock has declined 26.63 per cent since the beginning of 2022, and there’s potential for further losses should regulations continue to tighten, or the demand for added transparency conjures unexpected results. 

More recently, we saw Weibo, a Chinese social networking platform, become the latest major firm to find itself added to the US Securities and Exchange Commission’s delisting watchlist for failing to comply with the rules laid out by the commission’s Public Company Accounting Oversight Board, with the rules requiring foreign firms listed in the US to allow their books to be audited. 

Likely, investor fears in the wake of the threats against Weibo’s status on Wall Street will continue to spread across more Chinese stocks in the US, with firms at risk of finding themselves added to the watchlist or even facing a full delisting. 

Despite investor fears negatively impacting US stocks in the short term in the wake of COVID-19 return to China, rebounds have since taken place as investors sought to buy into safer options.

Geopolitics threaten further downturns

Although Russia’s war in Ukraine has profoundly impacted global stocks, the boiling over of tensions between China and Taiwan may compound market downturns over the coming months. 

Also Read: Massive gains for global startups in China’s robust market

Writing for Forbes, John Markman suggested that China may use the Russian invasion as a form of justification to reclaim Taiwan. 

“When Russia invaded Ukraine on February 24, the geopolitical calculus changed. Vladimir Putin saw an opportunity to grab a resource-rich country and further Russia’s status in the east. Xi Jinping, President of the People’s Republic of China, now sees an opportunity to reunify China with Taiwan, the semiconductor capital of the world,” Markman said.

These mounting threats to China’s publicly listed companies may mean that investors should exercise caution in purchasing stocks, even despite the discounted prices. 

Western markets should also view China’s problems as a cautionary tale as the COVID-19 pandemic disrupts global economies. 

For investors, it’s essential now more than ever to continue to review all factors associated with the stocks that are available to buy and the geopolitical climate that surrounds them. With the threat of the pandemic and further conflict as strong as ever, it’s reasonable to expect further volatility in 2022. 

–

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

Join our e27 Telegram group, FB community, or like the e27 Facebook page

Image credit: Canva Pro

The post China’s mounting economic problems are a cautionary tale for western markets appeared first on e27.

Payment infra unicorn Xendit banks US$300M
Investors include Coatue, Insight Partners, Accel, Tiger Global, Kleiner Perkins, EV Growth, Amasia, and Intudo Ventures; The funding will be used for Thailand, Malaysia and Vietnam expansion and to add new services like working capital loans.

Luna, UST investors in South Korea plan to sue Terraform founder
LKB & Partners, one of the country’s top law firms, will reportedly sue Do Kwon on behalf of investors; The law firm will also seek to seize Kwon’s property and may file a case against Terraform co-founder Daniel Shin.

Jungle Ventures closes US$600M Fund IV
Investors are Temasek, IFC, FMO, DEGto, Mizuho Bank and StepStoneGroup; It will invest in 15-18 firms across India and Southeast Asia; The fund has already backed Timo, Sleek, Atomberg, Medici, Desty, Eveworld, Mio, and inFeedo.

Carousell drops SPAC deal talks with L Catterton amid shaky stock market
The blank-cheque company failed to reach an agreement with the online marketplace; In January, the two companies in January were reportedly in talks for a SPAC merger deal that would value the joint entity at US$1.5B.

Sequoia delays close of US$2.8B India, SEA fund amid Zilingo probe
Sequoia’s limited partners agreed to invest in the fund in April; However, a recent development has supposedly surfaced that would require disclosure to investors; Sequoia’s largest fund for India and SEA will reportedly close by the end of the year.

Antler to invest US$100M in Southeast Asia’s early-stage startups by 2025
The funding is expected to fuel the expansion of more than 300 new companies in SEA over the next four years; Antler has invested in over 127 companies, including XanPool, Reebelo, Appboxo, Sampingan, Airalo, and Homebase.

Japan’s SBI to launch US$75M digital fund with NTU, Kyobo
The joint fund will back digital technology and digital platform companies in their pre-Series A and Series A stages; Fund recipients should ideally be working on digital transformation in Southeast Asia and South Asia.

Tokocrypto-BRI Ventures accelerator invests US$40M in participating startups
The Tokocrypto Sembrani Blockchain Accelerator investees include VC Gamers, nanobyte, and Avarik Saga; It is part of the multi-dimensional TokoVerse by Tokocrypto created to bolster blockchain technology adoption in Indonesia and beyond.

Coins.ph cashes in US$30M in Series C led by Ribbit Capital
It plans to use the funds to boost its Web3 ecosystem for its SEA expansion; The fundraise comes after the firm was sold by Gojek for around US$200M; Coins.ph said it has 16M users.

Singapore Web3 startup NodeReal bags US$16M from Sky9 Capital
NodeReal aims to help developers, Web3 firms, and large Web2 apps with blockchain infra using scalable and efficient solutions; It can maintain system stability in an environment of millions of daily transactions and increased user access.

Hong Kong VC Betatron’s new fund hits first close at US$15M
BVG IV is looking to raise a total of US$50M to back companies in industries like logistics, healthcare, commerce, and construction; It will make initial investments of US$500K-US$2M in seed to Series A rounds.

Pitik nets US$14M Series A to provide automation solutions to Indonesia’s poultry farmers
Investors are Alpha JWC Ventures, MDI Ventures and Wavemaker Partners; Pitik facilitates real-time farm monitoring and instant issue identification through its algorithm; It plans to expand in all of Java this year and expand to other islands in 2023.

Sequoia’s Surge leads US$7.4M round of Unravel Carbon
Alpha JWC, Amasia, XA Network, Rebel Fund, and GFC also co-invested; Unravel Carbon focuses on helping Asian companies track and reduce their carbon emissions, with a specialization in Scope 3 carbon emissions.

Ex-Traveloka execs’ job platform nets US$6.3M
Investors include Sequoia Capital and General Catalyst; Pintarnya helps blue-collar workers to find relevant job opportunities based on their skill sets and location; It also works with employers to select suitable applicants.

Singapore F&B startup Oddle raises US$5M pre-Series B led by Altara Ventures
Oddle helps F&B owners optimise their operations through its features; Its O2O offerings include QR ordering systems, reservation systems, as well as payment terminals and e-shop solutions.

NFT-backed crypto loan startup Pine raises US$1.5M in seed round
Lead investors are Sino Global Capital, Amber Group, and Spartan Group; Pine is a lending and borrowing protocol built on multiple blockchains to facilitate asset-backed financing.

East Ventures backs Indonesian career development firm’s seed round
MySkill provides several solutions to help users in developing their careers; Its offerings include an e-learning platform to enhance their skills, private mentoring with experts, and job discovery features. The firm currently has 700K+ registered users.

Singapore insurtech startup Anycover raises US$450K
Investors include Powerhouse Ventures, 1337 Ventures, Walter de Oude, and Khairil Abdullah; Anycover provides API solutions for small and medium-sized merchants to help them run their own extended warranty programmes.

SG high court issues landmark ruling to block sale of NFTs
The court sided with a local complainant to block any potential sale and ownership transfer of a Bored Ape Yacht Club NFT that he previously owned; This decision comes after a UK court reportedly recognised NFTs as private property in a theft case.

—

The post Ecosystem Roundup: Xendit nets US$300M; Carousell calls off SPAC deal talks; Luna, UST investors to sue Terraform founder appeared first on e27.

Thailand-based agritech startup Freshket today announced a US$23.5 million Series B funding round led by PTT Oil and Retail Business Public Company Limited (OR). The funding round also included the participation of Openspace, Betagro Holding, ORZON Ventures, and Volta Circle.

In a press statement, Freshket said that the funding round will bolster the company as it enhances its operating system through supply chain tech development, improves service efficiency, penetrates into new categories of products and extends its in-demand service to other provinces in Thailand.

It will also focus on the development of demand forecasting technology to ensure transparency for all parties, the reduction of food waste, and the effort to boost the quality of life for upstream entrepreneurs. Ultimately, these improvements will ensure even more customers can enjoy the freshest quality products at reasonable prices, with convenience of online ordering and confidence in Freshket’s service reliability.

Also Read: How Thai food supply chain startup Freshket weathered through the pandemic

Freshket Chief of Staff Komjak Rattakham said, “This funding round was part of a key strategy designed to catapult the brand to achieving rapid and progressive growth this year. Freshket will grow alongside its business networks, OR group’s distribution channels as well as other joint investors, while also developing and launching products and services shaped to meet the needs of more users.”

Founded in 2017, Freshket aims to provide the food business and its customers with access to fresh agricultural produce that was sourced from local farmers and suppliers.

In addition to household customers, its main customers are mostly restaurants and hoteliers, an industry that is worth THB200 billion (US$5.9 billion) in annual purchases. The company said that it represents a three-time volume growth on what was being achieved during the Series A funding round only 20 months ago.

—

Ready to meet new startups to invest in? We have more than hundreds of startups ready to connect with potential investors on our platform. Create or claim your Investor profile today and turn on e27 Connect to receive requests and fundraising information from them.

Image Credit: Freshket

The post Freshket raises US$23.5M in Series B funding round to further expand in Thailand appeared first on e27.

Singapore is one of the best markets for Web3 to take off. The possibilities of Web3 are endless and it boasts of an even more fundamental upheaval, one that will eventually cast everything else into the shade. From holding assets digitally without the need for a third-party watchdog to open, trustless, and permissionless networks, Web3 opens up massive and groundbreaking opportunities.

Kenrick Drijkoningen, General Partner of Singapore-based Play Ventures believes Web3 will impact almost every industry. He says, “People have been claiming bitcoin is a fad when it was valued at just US$1, but it is now among the top 20 global currencies. True, Web3 is still in the early development days, something like the internet in the mid-1990s. But it’s real.

“The hallmark of disruptive technology is that it’s dismissed by incumbents in the early days, something we are seeing again today. To understand Web3, you have to dive in, understand the technology and use it. This is daunting for many, so they prefer to dismiss it altogether.”

At e27, we are giving the limelight to the advocates of the Web3 ecosystem and throwing light on their journey and becoming. This time, we are back with a listicle that features 27 noteworthy Web3 startups in Singapore who are capturing massive interest and growing in popularity each day forward.

SEED

SEED is the easiest way for everyone, individuals and companies, to access high yielding investments powered by DeFi without high risk and volatility. Investing in cryptocurrencies does not need to be high risk, the startup provides a non-custodial wallet with built-in DeFi recipes which simplify multi-step DeFi strategies with a single click.

Their curated recipes offer high yields of up to 18 per cent+ APY with relatively low risk. Stable, simple, secure, encrypted, custodial, decentralized, and high-yielding, are the words SEED goes by.

Loominate

Loominate is a plug-and-play community platform built on a Web3 decentralised rewards system. This is where workplace communities trade battle stories, share passions, vote on initiatives and join bounties to drive positive culture and change in their organisations.

With a mission to bring transparency, humanity, rewards and a bit of fun into workplace community building, Loominate is built on the token economy of LOOMI token and is now able to decentralise the distribution of rewards to incentivise and sustain authentic bottom-up change, innovation and transformation in both small and big organisations.

Blockchain Worx

Blockchain Worx is a fintech venture focused on helping institutions harness the potential of blockchain technology for digital transformation in the metaverse era. Their solutions, including a digital banking framework, a tokenized securities platform and an anti-money laundering transaction monitoring system, are targeted at helping organisations leverage distributed ledger technology to develop next-generation business, finance and regulatory networks.

They remain blockchain protocol agnostic and continue to build applications atop various business blockchain technologies such as Quorum, Hyperledger Fabric, Ethereum, and other alternate private permissionable blockchain platforms, including Hyperledger Sawtooth and Multichain.

Avalanche

Avalanche (AVAX) is an open, programmable smart contracts platform for decentralised applications.

AVAX is the native token of the Avalanche blockchain, which like Ethereum, uses smart contracts to support a variety of blockchain projects. The Avalanche blockchain can provide near-instant transaction finality. AVAX is used to pay transaction processing fees and secure the Avalanche network and acts as a basic unit of account among blockchains in the Avalanche network.

Avalanche holds a strong claim of being blazingly fast, low cost, and eco-friendly. Any smart contract-enabled application can outperform its competition on Avalanche.

MetaLoka PTE LTD

MetaLoka is the first-in-the-world OPEN MMORPG metaverse that features time travel and infinite space. An ultimate Multiverse that transcends the barriers between the past and future worlds to bring people together, at the heart of MetaLoka, the Metaverse can teleport you through an overwhelmingly immersive experience of interacting with other Metazen’s in Ancient Egypt, Dark Ages, 2312 Cyberpunk and so much more.

The startup’s mission is to develop a trademark building engine that allows users to create their own metaverses within MetaLoka while bridging to other metaverses.

Quadrant Protocol

Quadrant is a blockchain-based protocol that enables the access, creation, and distribution of data products and services with authenticity and provenance at its core.

The data economy is similar to space; unmapped and chaotic. The startup provides the infrastructure that facilitates the transparent exchange of Data-as-a-Service and AI services between organisations, enabling data vendors to sell their data with the use of Data Smart Contracts.

Quadrant Protocol is built with Ethereum. It combines the powerful capabilities of blockchain with new innovations developed by the Quadrant team to stamp and map disparate data sets.

AngbaoShop

AngbaoShop is here to get you cryptocurrency at your doorstep or at your nearest convenience store.

Cryptocurrencies, despite their growing adoption, are simply too complicated for the common man. Most of the time, it is out of reach for people who are not tech-savvy or those who simply find the process of obtaining or interacting with any form of cryptocurrencies too daunting. In essence, it is not newbie-friendly.

The startup aims to make the process of obtaining and liquidating cryptocurrencies and their respective crypto assets by making it available via a simple top-up card concept. Current retail channels are online via our e-Commerce platform which accepts cash-on-delivery and at local convenience stores.

Also Read: Women of Web3: Top women contributors tell us all we need to know about Web3

Onchain Custodian Pte Ltd

Onchain Custodian offers a global, standardised, resilient, insured and compliant custody service for the safekeeping of institutional digital asset investments with incomparable user experience.

Its solution is built with the flexibility to meet the possible futures of crypto custody and is led by a highly experienced management team with expertise in blockchain, consulting, custody, crypto, investment banking and securities.

The startup walks with the mission to offer a custody solution which solves the digital asset trilemma of security, convenience & compliance; applies the successful approach to other cutting-edge financial services; ultimately empowers the digital transformation of our economy.

Blockee

Or a synonym for NFT Marketplace for Virtual Real Estate in the Metaverse. Blockee is an aggregator of NFT land from virtual worlds and Web3 games. They stand tall on their mission to make virtual land available to everybody, especially to traditional real estate investors who want to get exposure to virtual real estate with their portfolios.

AlphaWallet

AlphaWalllet is the ultimate wallet engine for the Web3 world. Built by Web3 engineers for the community, AlphaWallet is a self-custodial wallet, that’s 100 per cent open-source, and production-ready. It allows you to simply customise your tokens and launch your MVP in 1/5 of the time.

MetaPals

MetaPals is a browser extension that allows users to interact and grow NFT pets directly from their browser computer screen. With distinct personalities, a Metapal can speak via emojis, interact with elements of a webpage, and play page-specific minigames with the user. All of which add to the ‘care index’, an on-chain measure of the wellbeing of the pet, directly influencing the value of the NFT.

“We see it as the first step to bringing life to the Metaverse and are excited to explore new ways to expand the world of MetaPals. For it to become a true extension of the human experience, through our journey to create a world which we feel people want to join, we realised that we need to bring over the qualities that make us human: love, care, compassion,” says Daryl Lim, Co-Founder at MetaPals

KingSwap

KingSwap is a DeFi project that has introduced a liquidity pool platform with possible fiat off-ramp conversions. KingSwap’s high-yield liquidity platform offers extensive staking rewards, digital collectibles, etc. KingSwap’s native $KING tokens are regulated under Singaporean law. In addition to offering off-ramp fiat currency converting solutions to allow users great convenience between the fiat and cryptocurrency worlds.

The startup has also added some new blockchain community-oriented features to Uniswap’s core design, which will help boom the technology and provide user-friendly real-time benefits in terms of price curves and contributor rewards.

Gorilla Networks Pte Ltd

World’s first telco in the Metaverse, Gorilla Networks Pte Ltd is a next-generation mobile-finance telco that provides seamless mobile connectivity and mobile finance solutions.

Gorilla’s revolutionary blockchain BSS for telecommunication and financial services provides unprecedented access to power-up mobile data via Smart Contracts. Users can use, spend, save and share mobile data as a digital asset with anyone straight from their mobile phone.

Gorilla Networks Pte Ltd is a pioneer in merging telecommunication and mobile financial services into a universal consumer-centric offering and application that is accessible through any device, any network, any location.

482.solutions

482.solutions specialises in innovative distributed solutions using Blockchain technology since 2013. The key competency of 482.solutions is engineering systems and platforms for Industry 4.0 domains such as transactive energy, FinTech, DeFi, digital identity, eGovernment, Supply chain management, digital twins, digital assets management, distributed storage, value chain management, digital economy, M2M systems.

Coalculus

Coalculus is reinventing finance for a digital world. It is a multi-chain fintech blockchain platform built for hybrid deployments and comes with user permissioning capabilities. Enterprise distributed applications enabled by Coalculus benefit from zero node operations, enterprise chain interoperability, scalability and low transaction costs.

“We empower organisations to introduce innovative financial services quickly and easily, in doing so, our clients benefit from the advantages offered by blockchain.”

Also Read: Meet the DeFi platforms that have made waves in Southeast Asia

Blockchain Zoo

Blockchain Zoo is here to bring clarity to the blockchain jungle!

Blockchain Zoo supports blockchain projects from ideation to implementation, through a bias-free technological approach. Their consultants and associates strive to deliver actionable insight and measurable added value, based on the technology that is best suited for the consumers

To put it another way, Blockchain Zoo is a one-stop shop offering solutions for any blockchain needs.

Enjin

Nine years ago, a small, barely funded company first saw the light of a new, digital day. The startup entered the merciless game industry battleground armed with nothing more than unrelenting creativity, fueled by a profound desire to push the boundaries of technology.

Almost a decade later, what used to be a single, lonely tree on a metaphorical, enchanted planet grew into a world-spanning, magical jungle. The biggest social gaming platform in the world, with over 19 million users spread out in more than a quarter of a million gaming communities and processing millions of USD per month in virtual goods sales.

Enjin is a web-based universal blockchain explorer, built with a focus on user experience, speed and ease of use.

Biconomy

A developer platform to enable a simplified transaction and onboarding experience for Web3 projects, Biconomy’s goal is to make Web3 frictionless and mainstream.

The plug-n-play solution allows Web3 interactions to be smooth and seamless between DApps and end-users by removing blockchain complexities. We do this by providing a multi-chain non-custodial, and gas efficient relayer infrastructure network that enables meta transactions at scale.

Nansen

Surfacing the signals in blockchain data, real-time crypto and NFT insights for the win! Nansen is a blockchain analytics platform that enriches on-chain data with millions of wallet labels. Crypto investors use Nansen to discover opportunities, perform due diligence and defend their portfolios with our real-time dashboards and alerts.

ClayStack

ClayStack is redefining skating by getting their users tradable liquid staking derivatives and instantly withdrawing their staked assets.

ClayStack is a decentralized liquid staking platform that enables its users to unlock the liquidity of staked assets across multiple chains. They can stake their assets and use the issued staking derivatives across the DeFi ecosystem. At ClayStack, security is an attribute. Their smart contracts have been audited by Chain Security.

Zilliqa

Low cost, highly scalable, and environmentally sustainable, Zilliqa is your magic portal to the blockchain world, enabling you to create user-friendly dApps more easily.

The startup brings the theory of sharding to practise with its novel protocol that increases transaction rates as its network expands. The platform is tailored towards enabling secure data-driven decentralised apps, designed to meet the scaling requirements of machine learning and financial algorithms.

Pundi X

Pundi X is the most versatile payment ecosystem of its kind. More and more businesses across the world are using Pundi X solution to harness the power of blockchain technology. They have been deploying their blockchain-based point-of-sale (POS) solution and solidifying partnerships with governments, payment companies, and retailers.

“We keep innovating the ways to harness the power of blockchain technology to facilitate financial inclusion. At Pundi X, we want to make digital currencies to be more accessible to more people across the borders and further increase the value of digital currencies for all.”

Also Read: Southeast Asia is one of the best markets for Web3 to take off, say experts

SolRazr

SolRazr is the first decentralized developer ecosystem for Solana, offering Launchpad, Accelerator, and Developer Tools.

The startup boasts of reimagining token sale whitelists and allocations by leveraging the power of NFTs on Solana, incubating projects and helping with a go-to-market strategy to launch quickly, turbocharging Solana dApp development with a suite of powerful developer tools, and allowing communities from other chains to invest directly into Solana projects.

Chintai

Chintai is transforming the capital markets of today into blockchain opportunities of tomorrow.

Founded by a team of career experts in finance, technology, physics, clinical psychology, business management and economics to revolutionise capital markets using blockchain for asset managers, banks and enterprise, Chintai keep the entire life cycle of digital assets on chain. The startup uses high-performance blockchain technology and a multi-chain architecture to deliver a flexible solution that gives our platform participants the most efficiency gains possible.

Cake DeFi

Cake DeFi generates cash flow out of crypto assets by bringing decentralised finance to the people. As simple as it can get, all the users need to do is sign up and get verified within minutes, add funds by depositing crypto or buying with their preferred payment method, allocate their coins and watch the rewards roll in.

PolyTrade

Polytrade is shaping the future of trade finance by bringing safe and insurance backed real-world assets to the crypto world. The startup provides real-world borrowers access to low interest and swift financing to free up critical working capital, tapped from crypto lenders. Polytrade bridges the gaps in traditional receivables financing by accessing untapped crypto liquidity.

Koinearth

KoineArth works at the intersection of blockchains, machine learning and mechanism design to enable economic networks.

KoineArth’s ngageN platform is a regulatory compliant NFT platform for brands and creator economy, driving loyalty by enabling brands & creators to offer exclusive experiences to their premium fans & customers.

KoineArth’s marketsN platform is an enterprise-grade solution for digital supply chains. By enabling secure data sharing in B2B ecosystems, marketsN enables ESG compliance, supply chain finance and operations efficiency.

–

Ready to meet new startups to invest in? We have more than hundreds of startups ready to connect with potential investors on our platform. Create or claim your Investor profile today and turn on e27 Connect to receive requests and fundraising information from them.

Image Credit: Canva Pro

The post The 27 Web3 startups in Singapore that show crypto is more than Terra Luna and stablecoins appeared first on e27.