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 (Catherine Shu/TechCrunch)

Catherine Shu / TechCrunch:
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  —  Fazz, the Southeast Asian digital financial services group created by the merger of PayFazz and Xfers, announced today that it has raised …

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 …

Catherine Shu / TechCrunch:
Singapore-based Docquity, a collaboration and learning platform for health care professionals, raised a $44M Series C, bringing its total funding to $57.5M  —  A call between doctors can save lives.  That’s what Docquity co-founder Indranil Roychowdhury learned when his father was hospitalized …

Catherine Shu / TechCrunch:
Chicago-based HealthJoy, which helps employees navigate through health benefits and virtual care, raised a $60M Series D, bringing its total funding to $108M  —  Healthcare benefits are great, but navigating them often isn’t.  HealthJoy wants to make the experience more seamless for employees …

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.