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JAKARTA, Aug 21 (Reuters) – Jakarta-based venture capital firm East Ventures said on Wednesday it raised $75 million for its sixth fund, backed by prominent Asian businessmen, to invest in early-stage startups in Southeast Asia’s largest economy. The list of investors included Facebook co-founder Eduardo Saverin, family offices of Alibaba Group’s co-founder Eddie Wu, Chief…
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Autto, the simplified automation provider, has announced that it has raised $1m in funding, its second significant round since the company launched in February 2018. The finance has been raised from existing angel investors, a UK government grant, and new investment from Tangible, a corporate legal platform in the US. The funding will be used…
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The million dollar, or perhaps in this particular context, billion dollar question is, how can the new FinTech challengers become highly capitalized entities that are able to gain huge venture capital investment when there is no track record and no sign of profit? In the financial technology sector, today’s massively high profile new startups which…