OpenCommerce Group is invested $7 million
The cross-border e-commerce company OpenCommerce Group (OCG) announced to have raised $7 million in a Series A round led by the technology “unicorn” VNG with the participation of Do Ventures. Headquartered in Hanoi with representative offices in San Francisco and Shenzhen, after more than 2 years, the platform has supported about 86,700 people from 195 countries, with a total value of goods sold about $670 million. The company’s technology ecosystem currently includes three main products, ShopBase, PrintBase and PlusBase. Truong Manh Quan – co-founder and CEO of OCG said that in addition to Europe and the US, the company will focus on capturing market share in China, as well as expanding to Southeast Asian countries this year.
Uzbekistan’s IMAN is invested $1 million
Uzbekistan-based Islamic fintech startup IMAN has closed a $1-million seed round led by institutional investors based in Singapore and the US, along with a number of angels anonymous. This investment will help IMAN scale its technology to provide financing in seconds across Uzbekistan. Founded in 2020, IMAN offers IMAN Pay, a buy-now-pay (BNPL) “halal” solution that allows people around the world to fund consumer purchases directly at their point of sale. discount. Through the two products, IMAN says it offers BNPL halal and builds halal funding for the service. In addition, IMAN Invest has also attracted over 30,000 active users and managed $1.2 million from over 1,000 retail investors based in over 60 countries.
Bac Giang business community receives investment from Singapore
In Singapore, Saigontel – VinaCapital – Aurous signed an MOU to invest in an industrial complex of 500 hectares and 200 hectares of service urban areas, housing for workers and professionals with an investment of $2.5 billion in Bac Giang province. It is expected that the project will be implemented after being approved by the competent authority and being allowed to invest. Investors expect the project to be implemented in the year of the Tiger in 2022. When the project comes into operation, it will greatly contribute to the budget and create many jobs as well as make a positive contribution to the development of the country. Bac Giang province, at the same time creating a driving force for the development of industry, high-tech services and clean industry for the whole country.
UNDP and WMI support greentech business for sustainable development
Climate technology venture builder Wavemaker Impact (WMI) and the United Nations Development Program (UNDP) have joined hands to support the growth of scalable and sustainable technology companies. Under the three-year partnership, UNDP will provide WMI training, tools and support, including practical impact measurement and management frameworks that help assess and enhance the social and environmental impacts of WMI. Climate action, clean and affordable energy, sustainable cities and communities, industry, innovation and infrastructure are the four sustainable development goals (SDGs) in focus. UNDP has developed special SDG impact standards for various asset classes, including PE/VC funds, and operates a dedicated network of Venture Capital Accelerators (UNDP IVA).
Sources of information include Baodautu, e27, and Nhipsongkinhte.