Jon Russell

TechCrunch

@jonrussell

  • Writer at TechCrunch covering “Asia, and sometimes crypto.”
  • Previously worked at The Next Web and ZDNews.
  • Lives in Bangkok, Thailand.
Singapore fintech startup Instarem closes $41M Series C for global growth

Mar 19

Singapore’s Instarem, a fintech startup that helps banks and consumers send money overseas at lower cost, has closed a $41 million Series C financing round to go after global expansion opportunities. The four-year-old company announced a first close of $20 mi…

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Grab launches SME loans and micro-insurance in Southeast Asia

Mar 19

In its latest move beyond ride-hailing, Southeast Asia’s Grab has started to offer financing to SMEs and micro-insurance to its drivers. The launch comes just weeks after Grab raised $1.5 billion from the Vision Fund as part of a larger $5 billion Series H fu…

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CXA, a health-focused digital insurance startup, raises $25M

Mar 13

CXA Group, a Singapore-based startup that helps make insurance more accessible and affordable, has raised $25 million for expansion in Asia and later into Europe and North America. The startup takes a unique route to insurance. Rather than going to consumers …

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The Juggernaut is a subscription media company for the South Asian diaspora - TechCrunch

Mar 12

Everyone and their dog seems to have an email newsletter today, but what happens if and when yours takes off? Some have gone down the paid route, but another credible alternative is to turn it into a subscription media business. That’s a route that The Jugger…

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Amun raises $4M to give stock-like buying options for crypto investors

Mar 11

Crypto represent a ‘border-less’ that anyone can own, but actually getting hold it isn’t easy for everyone. Amun, a company that wants to make buying crypto as easy as stock, has pulled in $4 million in funding to offer more established channels for crypto ow…

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Amun raises $4M to give stock-like buying options for crypto investors

Mar 11

Amun raises $4M to give stock-like buying options for crypto investors techcrunch.com

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The Khashoggi murder isn’t stopping SoftBank’s Vision Fund

Mar 7

Money talks in the startup community, especially when SoftBank comes knocking with the megabucks of its Vision Fund. Despite the public outcry around the firm’s dependence on money from Saudi Arabia in the wake of that country’s assassination of Washington Po…

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Sea is raising up to $1.5B for its Shopee e-commerce business in Southeast Asia

Mar 6

Alibaba is about to get a jolt from its largest rival in Southeast Asia. Sea, the Nasdaq-listed business, is raising as much as $1.5 billion from a new share offering that’s sure to be funneled into its Shopee e-commerce business. Singapore-based Sea said in …

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Grab confirms $1.46B investment from SoftBank’s Vision Fund

Mar 6

Grab has become the newest addition to the SoftBank Vision Fund after it announced today that it has pulled in a $1.46 billion investment from the super fund. Grab said the new money will be used to further its super app strategy, which is aimed at making its…

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500 Startups Japan becomes Coral Capital with a new $45M fund

Mar 5

The 500 Startups Japan crew is going independent. The VC firm announced a $30 million fund in 2015, and now the follow up is a new $45 million fund called Coral Capital. Helmed by James Riney and Yohei Sawayama, just like 500 Startups Japan, Coral will essent…

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AirAsia launches a $60M fund to help startups get into Southeast Asia

Mar 4

Budget airline AirAsia is getting into the VC game after it unveiled a venture capital fund that aims to invest in startups across the world. The airline today announced Redbeat Capital, a $60 million fund that it says will operate independently and seek deal…

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Go-Jek pulls in $100M more for its massive Series F round

Mar 4

U.S. ride-hailing giants Lyft and Uber are going public in the U.S. imminently, but over in Southeast Asia, the two largest on-demand companies are still madly fueling up on investment capital. The latest update to that story today saw Go-Jek, the Indonesian …

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Revolut CFO resigns following money laundering controversy

Mar 1

This hasn’t been a good week for challenger bank Revolut. The company, which offers digital banking services and is valued at $1.7 billion, confirmed today that embattled CFO Peter O’Higgins has resigned and left the business. The startup and O’Higgins have b…

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India’s Ola spins out a dedicated EV business — and it just raised $56M from investors

Mar 1

Ola, Uber’s key rival in India, is doubling down on electric vehicles after it span out a dedicated business, which has pulled in $56 million in early funding. The unit is named Ola Electric Mobility and it is described as being an independent business that’s…

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JD.com shares take off despite slowing revenue growth

Feb 28

Shares of JD.com, the Chinese e-commerce service that rivals Alibaba, are on the rise today after the online retailer announced better than expected results for Q4 2018, bucking uncertainty around tech companies in China. The company reported net revenue of R…

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Vision Fund startups Fanatics and Coupang unite to sell US sports merch in Korea

Feb 28

SoftBank chairman Masayoshi Son has repeatedly described the Vision Fund as a club for the world’s most exciting startups and, while even the fund’s own LP seem to disagree with some of its investment thesis, its portfolio companies do frequently come togethe…

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Thailand passes controversial cybersecurity law that could enable government surveillance

Feb 28

Thailand’s government passed a controversial cybersecurity bill today that has been criticized for vagueness and the potential to enable sweeping access internet user data. The bill (available in Thai) was amended late last year following criticism over poten…

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Fortnite Season 8 is now available, and it includes pirates, cannons and volcano lava

Feb 28

Fortnite, the world’s most popular game right now, has just announced that its much anticipated Season 8 is now live. For those of you who don’t play Fortnite, the title takes on an episodic approach with new features, tools and maps released every few months…

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Go-Jek’s Get app officially launches in Thailand as Southeast Asia expansion continues

Feb 28

Go-Jek is extending its reach in Southeast Asia after its Thailand-based unit made its official launch, which included the addition of a new food delivery service. Get, which is the name for Go-Jek business in Thailand, started out last year offering motorbik…

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Gradient Ventures, Google’s AI fund, leads $7M investment in English learning app Elsa

Feb 26

Google’s Gradient Ventures, the search giant’s dedicated AI fund, is casting its eye to Asia after it led a $7 million Series A round for Elsa, a startup that operates an app for English language learners. The deal is Gradient’s first in Asia, and it includes…

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