Singapore-based Fazz, whose business accounts offer payment, savings, and credit features, raised a $100M Series C, including $75M in equity and $25M in debt (Catherine Shu/TechCrunch)

Catherine Shu / TechCrunch:
Singapore-based Osome, a “super app” for corporate services, raised a $25M Series B, after a $16M Series A in June 2021, and says it serves 11K+ companies  —  Osome is a financial admin platform that helps business owners with administrative tasks like payroll, accounting and tax reporting.

Catherine Shu / TechCrunch:
Singapore-based Pillow, which helps users in emerging markets save, spend, and invest in cryptocurrency, raised an $18M Series A led by Accel and Quona Capital  —  Pillow aspires to be an all-in-one platform that helps even newbie users save, spend and invest in crypto currency.

Olivia Poh / Bloomberg:
Google, Temasek, and Bain report: Southeast Asia online spending will rise ~20% in 2022 to $200B, down from 38% in 2021, as digital adoption growth normalizes  —  Growth in Southeast Asia’s internet economy is slowing after years of expansion, showing that even emerging digital markets aren’t immune to economic headwinds.

Juro Osawa / The Information:
Sea Ltd., Southeast Asia’s largest internet firm by revenue and market value, has laid off 7,000+ employees, or ~10% of its staff, over the past six months  —  Sea Ltd., Southeast Asia’s largest internet company by revenue and market value, has laid off more than 7,000 employees …

Kyle Wiggers / TechCrunch:
NYC-based Teampay, a low-code service to help enterprises automate software purchasing, raised a $47M Series B, comprising $35.25M equity and $11.75M debt  —  In 2016, Andrew Hoag, formerly a senior manager at Verisign and a web project lead at NASA’s Ames Research Center, founded Teampay …

Catherine Shu / TechCrunch:
Singapore-based Igloo, an AI-based insurtech platform for underserved groups in SE Asia, raised a $27M Series B extension, bringing the round’s total to $46M  —  Igloo, a Singapore-based insurtech focused on underserved communities in Southeast Asia, announced it has raised a Series B extension …