SWC Global

19/08/2024

JAKARTA, INDONESIA, 19 August 2024 - Finture, a Singapore-based Fintech company and operator of credit payment platform YUP, has raised nearly $30 million in a Series B round of financing.

It looks to ramp up forays into new markets including Hong Kong in the next few years.

Asia-focused venture capital (VC) firm Mindworks Capital, Finture’s existing investor, led this pure-equity Series B financing.

SWC participated in this financing round together with Beijing-based XVC, Richen Pioneer and Antao Capital.

Finture secured the new financing five months after it began fundraising in early March. Its valuation doubled from about 12 months ago when the startup raised an XVC-led $20-million Pre-Series B round in 2023.

22/06/2024

21st June 2024 - MeetRecord, a leading Revenue Automation Platform specifically designed for the service sector, announced it has successfully secured $2.7 million in Pre-Series A funding round led by SWC Global with additional support from its existing investor All In Capital.

MeetRecord's innovative platform utilizes AI to analyze conversation data across various communication channels, such as emails and calls. This allows the company to offer personalized coaching programs and implement automated call-scoring systems that have proven to save time and improve efficiency significantly.

“Service businesses, including law firms, financial advisory services, fitness consultants, and homecare providers, have been looking for tailored solutions that cater to their unique needs. Unlike other platforms that target the enterprise or tech-centric markets, MeetRecord provides a customized experience that effectively addresses the gap in the service industry,” stated Snehal Nimje, Co-founder & CEO MeetRecord.

One of the notable advantages of MeetRecord's platform is its deal intelligence capability, which delivers distinct insights to Chief Revenue Officers (CROs). "These insights include monitoring market trends, analyzing competitor perceptions, and identifying successful patterns to expedite deal closure," said Sachin Sinha, the sales head at MeetRecord.

With this latest round of funding, MeetRecord is poised to further its mission of empowering revenue teams with AI-enhanced tools, allowing them to focus more on sales and customer engagement with enhanced visibility into their operations.

10/05/2024

9th May 2024 - UXUY, the next generation decentralized multi-chain trading platform which is incubated by Binance Labs, has completed a $7 million Pre-Series A round of financing participated by Binance Labs, UTXO Management（Bitcoin Magazine), JDI Ventures, Bixin Ventures, SWC Global, Comma3 Venture, CMS Holdings, Matrix Partners, Satoshi Labs, Dewhales Capital, YBB Capital, GBV Capital, Web3Vision, Pentos Ventures, Absoluta Digital, PAKA, DefinanceX, Dreamlabs, Greythorn Asset Management, NGC Ventures, Metalpha, GSR From Asia, North America and Europe and other institutions.

Currently, UXUY's total financing amount has exceeded $10 million.

This round of financing will be used to build the infrastructure of the Bitcoin ecosystem, which is committed to promoting the efficient and low-cost trading of assets such as Lightning Network Taproot Assets, Ordinals BRC-20 and Runes.

For more information, please visit UXUY’s website at https://uxuy.com/

17/04/2024

SendingNetwork Raises $20 Million Seed Round for Decentralized Communication in web3

[AUSTIN, TEXAS -- APRIL 14, 2024] – SendingNetwork, a decentralized communication infrastructure network, today announced the successful completion of a $20 million seed funding round, an extension round following a $12.5 million seed round early last year.

Led by prominent investors, Nomad Capital, Ex-Coinbase CTO Balaji Srinivasan, Galxe, SWC Global, Gabby Dizon founder of Yield Guild Games, Symbolic Capital and Web3.com Ventures, the $20M round will help SendingNetwork address the growing need for decentralized communication to empower users and networks.

SendingNetwork provides a comprehensive three-layer client-edge-blockchain architecture that addresses messaging vulnerabilities to redesign a robust, secure, and community-driven communication network.

With the successful completion of its seed round, SendingNetwork looks to improve on impressive user growth metrics that recently saw its SendingMe app surpass 800,000 users. SendingNetwork also further disclosed that over 12,000 testnet applications have been submitted, highlighting the growing interest in its decentralized messaging platform.

"We are thrilled to have the support of esteemed investors who share our vision of democratizing communication in the web3 era," said Joeyz Yu, CEO of Sending Labs. "This funding will fuel our mission to create a decentralized communication network that empowers users with data sovereignty, privacy, and freedom."

“We’re deeply impressed by the founding team’s vision for the decentralized, private, permissionless communication network,” said Tuck Lye Koh, founding partner of SWC Global. “At the forefront of innovation, Sending Labs has made remarkable progress in product development and community engagement, setting a new paradigm of data transmission.”

For more information on SendingNetwork, please visit https://www.sending.network/

09/04/2024

February 09, 2024 - UniSat announced it has completed a Pre-Series A financing round led by OKX Ventures. SWC Global, Vitalbridge Capital and ABCDE Capital are also participating investors in this round.

These funds will support the company’s pivotal role in redefining Bitcoin inscription services and broaden its customer base.

Furthermore, UniSat’s impact goes beyond investments; Binance Wallet included UniSat’s API to strengthen support for the Inscription Market.

This funding round affirms UniSat’s technological superiority and market potential in addition to bolstering its aspirations for rapid expansion.

With the increasing demand for reliable and effective inscription solutions, UniSat is prepared to fulfil the changing needs of cryptocurrency users around the world.

For more information, please visit UniSat’s website at https://unisat.io/.

15/12/2023

JAKARTA, INDONESIA, 15th December 2023 – Earlier today, Halal-certified direct-to-consumer (D2C) Indonesian beauty brand, Rosé All Day Cosmetics (RADC), announced it has successfully closed a series A funding round of US$5.41 million led by SWC Global, with participation from DSG Consumer Partners (DSGCP) and the brand’s initial seed investor AC Ventures.

The round is a milestone for RADC and strongly aligns with its vision of delivering world-class cosmetics from Indonesia to the global market. It is a pivotal moment in the company's journey, as RADC will use the fresh capital to broaden its nationwide distribution and enhance its product across the board with a continued focus on innovation.

Wendi Xiang, Vice President of SWC Global, explained, “We hold great confidence in the economic prospects of Indonesia over the next decade. We are captivated by the quality and design of RAD products, and impressed by the team’s operational efficiency. We see it rapidly becoming a premier, home-grown beauty brand in Indonesia. Our investment and support go beyond capital; we aim to connect RADC with our Chinese consumer portfolio companies and help RADC build up the supply chain in China.”

Michael Soerijadji, Founder and Managing Partner at AC Ventures, also expressed that they have been proud to be supporting Rosé All Day Cosmetics' innovative and inclusive approach in the beauty and skincare industry since the brand's earlier days.

RADC, launched in 2017, has seen a promising trajectory, starting with a seed investment from AC Ventures in 2020. Today, the brand stands out for its high-quality, clean-beauty makeup and skincare solutions that are cruelty-free, championing natural beauty, inclusivity, and sustainability.

A Forbes 30 Under 30 entrepreneur in 2023, RADC Co-founder Tiffany Danielle said, “We are thrilled to announce our latest partnership with SWC Global and DSGCP. This collaboration represents a significant step in elevating RADC's market presence and operational sophistication in Asia Pacific. Together, we are committed to unlocking new opportunities and delivering wonderful cosmetics products to meet the evolving needs of our customers in Indonesia and beyond.”

RADC plans to continue scaling up its team, hiring across various departments including marketing, social media, operations, finance, and product development. This expansion aligns with its goal to maintain brand equity in the market and cater to an increasingly diverse consumer base. The company is currently seeking to hire a senior HR executive, a creative director, and a general trade lead, among other roles.

For more information, please visit RADC's website at https://roseallday.co/

13/12/2023

Bangalore, 13th December 2023 - Snitch, a pioneering innovator in the fast fashion domain, has successfully closed a Series A funding round of Rs. 110 crore, co-led by SWC Global and IvyCap Ventures.

The investment round, supported by key angel investors, will catalyze Snitch's expansion in talent, technology and an offline retail strategy.

Snitch, known for its agility and trend-forward approach, has consistently set high industry standards. The brand's first store in Bangalore demonstrates its robust retail strategy and strong customer appeal. Along with a significant digital presence marked by over 2 million app downloads, Snitch has served a vast array of pin codes across India, underlining its wide reach and commitment to quality and innovation. A majority of Snitch's sales are generated through its website and app, complemented by a growing offline presence and partnerships with major online marketplaces.

SWC Global is excited to support Snitch as they continue to redefine the fashion retail space and propel the broader fashion industry forward.

For more information, please visit Snitch's website at https://www.snitch.co.in/.

12/09/2023

SWC Global is pleased to organize the founders’ dinner session this evening. We thank all the attendees for your participation and support!

17/07/2023

JAKARTA - Finture, a company that operates buy now, pay later digital bank, Yup Indonesia, has raised USD $20 million in Pre-Series B round.

The financing was led by XVC, a venture capital firm in Beijing, followed by SWC Global, MindWorks Ventures, Antao Capital and Tortola Capital, an investment vehicle owned by Indonesian conglomerate Sampoerna.

Founded in 2021, Finture (otherwise known as Yup), works with licensed financial institutions to provide BNPL products. It allows users to make purchases in instalments with tenors of 1, 3, 6 and 12 months with a limit of up to 40 million rupiah.

The startup also offers a cash loan product called Dana Instant in partnership with peer-to-peer lending platform Samakita.

The company currently partners with several retail chains and can be used for both online and offline transactions. It provides a pay-later card issued by Bank Sahabat Sampoerna.

For more information, please visit Yup's official website at http://yuppaylater.com/

25/05/2023

25 May 2023 - Evermos, Indonesia’s largest social commerce platform, successfully raised USD39 million in its Series C funding round, led by the International Finance Corporation (IFC) — a member of the World Bank group — and followed by returning partners such as Jungle Ventures, Shunwei Capital, UOB Venture Management and Telkomsel Mitra Inovasi.

This funding round also saw investment from new partners, SWC Global, Endeavor Catalyst and Uni-President Asset Holdings.

With this latest funding round, Evermos remains firmly on track towards its mission of elevating local micro, small and medium enterprises (MSME) to make a positive impact on the national economy and beyond.

Wendi Xiang, Vice President of SWC Global said, “We are thrilled to support Evermos, which has clearly demonstrated their ability to meaningfully impact the economy over the past four years. As SWC Global focuses on growing Asia's start-ups across multiple sectors such as mobile internet, deep technology and consumer IoT, we have found that Evermos delivers impressive growth with solid business fundamentals that have brought positive social impact to resellers in Indonesia’s lower-tier cities and rural areas. We are confident that our investment in Evermos will drive meaningful change for generations of the future while creating value for stakeholders."

Evermos is a social commerce platform that empowers local brands and underserved communities by providing a connected distribution network and commerce services focusing on curating Sharia-compliant products. It is a one-stop platform that provides local brand partners with comprehensive commerce solutions, and resellers with required tools for success including training, helping to level the playing field for all resellers.

Founded in November 2018, Evermos has built Indonesia’s largest reseller-based social commerce network with more than 160,000 active resellers across Indonesia and 1,600 brand partners.

Evermos has also garnered significant industry accolades to date, such as Forbes Asia 100 to Watch in the Asia-Pacific region, the UN Women 2022 Indonesia Women Empowerment Principles (WEPs) Award, and inclusion into the Endeavor Entrepreneur global network. Evermos is a member of the World Economic Forum’s Global Innovators Community, an invitation-only group of the world’s most promising start-ups and scale-ups that are at the forefront of ethical technological and business model innovation.

For more information, please visit Evermos company's website at https://evermos.com

17/05/2023

The first Google server in custom-made enclosures made from LEGO bricks. Hence the colors of the Google logo!

07/05/2023

Nirvana 🙏

Choose your path to happiness, our's start with sharing on 🙂