Melbourne-based digital onboarding firm FrankieOne, Bangladesh’s first re-commerce platform SWAP and Dubai-based community-driven gamefi ecosystem Zone have raised capital.
Australia’s FrankieOne raises $16m Series A
Melbourne-based digital onboarding firm FrankieOne has raised $16 million (AUS$20 million) in a Series A funding round co-led by US investors AirTree Ventures and Greycroft, per a TechCrunch report.
20VC, Reinventure, Tidal Ventures, APEX Capital and Mantis also participated in this funding round along with Robinhood founder and CEO Vlad Tenev, Monzo founder Tom Blomfield and senior executives from Revolut and Public.com.
The proceeds will be used to grow its footprint internationally.
Founded in 2017, Frankie connects to 350+ different vendors and data sources from ID verification, eKYC, AML, fraud monitoring and credit tools.
FrankieOne’s customers include the likes of Afterpay, Westpac and Zipmex.
Bangladesh’s SWAP raises $1.25m seed round
SWAP, Bangladesh’s first re-commerce platform, has raised $1.25 million in seed funding, led by Accelerating Asia, according to an announcement.
ZA Capital Advisory, Bangladesh Angels and Southeast Asian angel investors also participated in this funding round.
SWAP operates as a C2B, B2B and C2B2C marketplace where customers can buy, sell or swap used electronics and automobiles.
The platform enables many low-income earners to purchase, sell and exchange products – increasing economic participation and technology accessibility in emerging markets.
Since starting in 2020, SWAP has generated more than $14.5 million in gross merchandise value (GMV), with a current monthly GMV of over $1.7 million. SWAP has served over 40,000 customers to date.
Dubai’s Zone raises $1.6m seed round
Dubai-based community-driven gamefi ecosystem Zone has raised $1.6 million in a seed funding round led by Borderless Capital, a US-based Blockchain VC firm, according to an announcement.
The round was joined by Karma Innovations, Saeed Aldarmaki’s Sheesha Finance, and other noteworthy entrepreneurs.
The funds will be used to launch the first gamefi ecosystem on Algorand.
Zone claims to have combined the elements of blockchain, NFTs, and gaming to create an accessible, versatile, and adaptable GameFi experience in the blockchain space.