January Capital’s Post

Travel Wallet, a leading payment and settlement fintech company, has recently secured an investment from the prestigious global venture capital firm Lightspeed Venture Partners. The exact amount of the investment remains undisclosed. Lightspeed Venture Partners, known for managing assets of ₩35 trillion ($25 billion) and ranking 6th globally in 2024, has a history of investing in enterprise startups and has expanded its portfolio to include startups in consumer, medical, and fintech sectors with cutting-edge IT capabilities. This investment marks Lightspeed's first venture into a Korean company and represents Travel Wallet's first successful attraction of global VC capital. The investment took place as Lightspeed acquired the stakes of existing investors due to Travel Wallet's lack of demand for new funds. Lightspeed's interest in Travel Wallet's cloud-based payment and settlement IT technology led to the investment, with Lightspeed reaching out to Travel Wallet following positive feedback from industry practitioners and high customer satisfaction levels. Pindar Wong, the partner at Lightspeed who led the investment, praised Travel Wallet's expertise in the foreign exchange market and payment technology, highlighting the company's innovative expansion into the B2B sector. Leveraging Lightspeed's global network, they aim to support Travel Wallet's future growth endeavors. CEO Kim Hyung-woo expressed Travel Wallet's commitment to overseas expansion, with the company already receiving proposals for collaboration from large international financial institutions. As a result, Travel Wallet has established local subsidiaries in the United States and Japan, solidifying its presence in key markets. This strategic investment from Lightspeed Venture Partners signifies a significant milestone for Travel Wallet, positioning the company for further growth and success in the global fintech landscape. Source: Wow Tale, Travel Wallet #FintechInvestment #PaymentTechnology #FinancialInnovation #TechNews #PaymentInnovation

🚀 Exciting news in the world of fintech! Upflow, the French startup we've been watching closely, is shifting from its original focus on managing outstanding invoices to becoming a full-fledged B2B payment platform. This strategic pivot aims to include its own payment gateway, expanding their service offerings significantly. This move highlights a growing trend in the IT landscape where companies are increasingly integrating multiple financial services to provide seamless experiences for businesses. As more startups like Upflow evolve, we can expect a competitive environment where innovation and user experience drive the adoption of B2B payment solutions. The implications for the industry are profound. First, this shift can create new opportunities for partnerships and integrations with existing accounting and ERP systems, enhancing the overall ecosystem for businesses. Additionally, firms in the invoicing space may need to rethink their value propositions as players like Upflow start to offer a more comprehensive range of services. However, challenges will arise, particularly around regulatory compliance and security in handling payments. As payment systems grow more complex, staying ahead of the curve in safeguarding client data will be crucial. I invite you all to reflect on this strategic shift and share your thoughts. How are you or your organization adapting to these changes in the B2B payment landscape? Let's discuss! 💬 https://buff.ly/48kKnuQ #Upflow #B2BPayments #FinTech #PaymentGateway #Startups #Innovation #BusinessGrowth #TechNews

Navigating through Pakistan's political instability, the startup landscape demands resilience and constant adaptation. Despite the ever-emerging challenges, our local startup founders aren't one to give up. They're always adapting and moving forward in the face of new obstacles. To all the visionary founders out there, your drive and innovative spirit doesn't go unnoticed. Speaking of innovation, let's take a moment to appreciate the progress of NayaPay. Over the years, it has developed into an incredible all-in-one app transforming the way we handle our daily transactions. With features like M-tag, Fly Jinnah ticket payment, Raast integration, and bill payments, NayaPay not only simplifies everyday payment processes but also sets the bar high for other fintech companies. Fly Jinnah At a time when sustainability is more than a choice, it's a necessity, NayaPay's commitment to excellence and continuous improvement serves as an inspiration. NayaPay

Lightspeed's $10 million investment in the fintech company, Travel Wallet 트래블월렛, marks the venture capital's (VC) first-ever investment in a South Korean company. Read all about it only in my new article Entrepreneur India. . . . . Follow and connect for more industry news and updates . . . #News #Updates #VentureCapital #AdityaPranMahanta

Time to tech-up, startups! 67% of retail payments in the Philippines will be digital this 2024 — so it's high time to automate managing financial transactions so success can be hashtag #AlwaysOnHand Read more in this feature from BusinessWorld: https://lnkd.in/d_fkhE3n

🌐 Seizing the SaaS Opportunity: SoBanHang (Finan Pte Ltd) is poised for an explosive expansion in the upcoming period. Vietnam’s SaaS market is booming, backed by strong government support for digital transformation so a golden era awaits resilient startups and investors. With our eyes set on a groundbreaking fintech solution this quarter and further expansion in 2025, we’re not just following trends—we’re setting them. Our dedication to empowering omnichannel strategies, enhancing customer support, and refining sales management is setting a new standard in the industry. 💚 We’re honored to be featured by Vietnam Investment Review, where our CEO, Mr. Hai Nam Bui's insights on SoBanHang's cutting-edge approach to SaaS solutions. We're excited for what's ahead! #SoBanHang #SBH #Finan #HayChonCachTotHon #SaaSstartups #DigitalVietnam #GrowthOpportunity

"We don’t get swayed by market cycles—challenging times often bring the best investment opportunities." In a recent conversation with Swaraj Singh Dhanjal at moneycontrol.com, Rahul Chowdhri shared our outlook on India’s rapidly evolving startup ecosystem. Our focus is on emerging sectors like AI in both consumer and enterprise businesses, B2B commerce, sustainability, and fintech, where we see tremendous potential for growth. Read the full interview here: https://lnkd.in/dbfzaC5K

Fintech News Singapore has released the Top 8 Fintech Investors in Indonesia, and AC Ventures is at the top! With assets under management exceeding US$500 million and over 120 investments, AC Ventures has significantly impacted the market, with a spectrum of fintech deals in play. Over the past 24 months, AC Ventures has made a name for itself as one of the top three most active investors in the Indonesian venture scene. The firm’s fintech portfolio now includes category-leading names, including Xendit, Stockbit, JULO, Reku, KoinWorks, and more. A 2023 report by AC Ventures and Boston Consulting Group (BCG) Consulting Group highlights the growing interest in Indonesia’s fintech sector, showing a six-fold increase in new players over the past decade. ⚡Learn more via Fintech News Singapore: https://lnkd.in/gyZjSKvH 📓 Download the report for free here: https://lnkd.in/g9qeaePb #themostactiveinvestors #fintechinvestors #techstartups #fintechreport #venturecapital

I'm not going to sugarcoat it, fintech startups had it rough in 2023. In 2023, funding to fintech startups dropped off more severely than broader venture funding. Among global regions, LatAm and Europe saw the largest drops in fintech funding in 2023; with LatAm funding sliding 68% to $1.2B and European funding falling 64% to $6.5B. The US expanded its dominance of fintech, drawing 41% of deals in 2023 — its highest share since 2016. Want access to the full 200 page report? Download below or DM me. #fintech #saas #cbinsights #financialservices

Explore the vibrant fintech landscape of Portugal with insights from Mariana Gorjão Henriques of Portugal Fintech. Discover how the organization is fostering connections and supporting startups to drive innovation and growth in the country's financial technology sector. Join the conversation on regulatory compliance, corporate partnerships, talent recruitment, and fundraising, and learn about the evolving trends shaping the future of fintech in Portugal https://lnkd.in/g78v2U5K #Fintech #Portugal #Startups #Innovation #FinancialTechnology #PayItForward #Podcast #RegulatoryCompliance #CorporatePartnerships #TalentRecruitment #Fundraising #DigitalPayments #Ecommerce #CrossBorderSales #Technology #Collaboration