Asia Digest: Australia’s FrankieOne, Bangladeshi SWAP and Dubai’s Zone snag funding

Photo by Pepi Stojanovski on Unsplash

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.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.