On location

Singapore’s Broctagon Fintech Group launches WorldBook, a global crypto liquidity movement

The WorldBook combines the orderbooks of all connected exchanges to create a unified orderbook that enables multilateral liquidity flow.

Indonesia wealth tech firm Pluang raises $55M round led by Square Peg

With the fresh capital, the company will continue to democratize access for Indonesian retail investors to grow their wealth via its digital savings and investing products.

[Updated] Catcha Group’s Patrick Grove considers SPAC-listing in Singapore

The development came after Singapore unveiled new rules for blank-cheque vehicles.

Carsome

Carsome spots a gap in auto-financing for graduates, aims to introduce similar product in Indonesia, Thailand after Malaysia

Carsome plans to introduce auto-financing for graduates in Indonesia and Thailand, as it targets a loan size of at least MYR 100M ($24.17M) for its auto-financing business in 2022.

Thailand hobby-focused commerce startup Mercular extends Series A fundraise, ropes in Thai retail conglomerate Central Retail

The funding will be deployed to create an all-encompassing community-like shopping experience for the hobbyists.

Pioneering Thailand’s AgTech startup ecosystem towards agriculture transformation

Thailand's National Innovation Agency, in association with Maejo University, has issued the first-ever Thailand AgTech Startup Ecosystem Development White Paper based on research and analysis of information from stakeholders of all related sectors in order to formulate a concrete framework for action and explore the room for improvement to adjust the…

Southeast Asia growing as investment destination, with $1.2B in exit value thus far

Southeast Asia’s startup ecosystem saw $1.2 billion in exit value thus far this year, compared to $2 billion seen throughout the whole of 2020, according to Vertex Ventures Southeast Asia and India managing partner Ben Mathias.

Indonesia e-commerce firm SIRCLO bags $36M funding from East Ventures, Saratoga, Traveloka

The funding aims to further develop SIRCLO’s technological capabilities and accelerate the retail digitalization for various businesses all across Indonesia.

Targeted e-commerce should be a discovery-led experience, says edamama’s Bela Gupta D’Souza [Q&A]

Decisions on what products to buy or services to avail of as parents are often influenced by research, social proofing, and seeking out detailed reviews. We, therefore, think that shopping increasingly needs to be a discovery-led experience instead of a search-driven process.