SEA

Southeast Asia e-commerce up 15 pct on year to $114.6B GMV in 2023

Total gross merchandise value (GMV) of Southeast Asia’s 8 leading ecommerce platforms rose to $114.6 billion in 2023, up 15 percent from 2022, according to Momentum Works “Ecommerce in Southeast Asia 2024” report released on Monday.

Sumsub partners Nexus Technology, PT Secure Pasifik Technologi, Spectrum Edge to strengthen security, verification in Southeast Asia

Sumsub, a global full-cycle verification provider, has partnered Nexus Technology, PT Secure Pasifik Technologi, Spectrum Edge to strengthen security, verification in Southeast Asia.

Hubject partners Gentari to streamline EV charging across Southeast Asia

Hubject, the Germany-based electric vehicle (EV) firm, has partnered Gentari Green Mobility Sdn Bhd, the wholly-owned subsidiary of clean energy solutions provider Gentari Sdn Bhd (Gentari), to streamline electric vehicle (EV) charging across Southeast Asia.

Tracxn : SEA FinTech startups funding drops 25 percent in first half

Total funding into Southeast Asia (SEA) FinTech startups fell 25 percent to $899 million in the first half of 2024 from $1.2 billion a year ago, Tracxn said Friday.

Malaysia & Indonesia emerge as prime beneficiaries in Asean amid data center boom

“We identify Malaysia and Indonesia as prime beneficiaries of the spur in data center investment due to their location advantage, which makes them the ideal gateway for international connectivity,” the strategy note wrote.

India, Malaysia & 3 other Asean countries plan instant retail cross-border payments

The central banks of India, Malaysia, Thailand, Singapore and the Philippines are working together to start an instant cross-border retail payments platform.

Igloo shares strategies for insurers to attract Gen Z and boost insurance penetration

Singapore-based regional insurtech Igloo has shared strategies for insurers to attract Gen Z and boost insurance penetration.

ORIGIN: Asia Tech Conference: Outsiders’ Insights – Capturing the Southeast Asian Tech Wave

The panelists shared their views on the most promising sectors in Southeast Asia, the future development of the tech ecosystem, among others. These investors also shared their views on several issues related to the tech ecosystem in Southeast Asia from a foreign investor's and a regional investor's point of view.

Silverlake Axis ventures into Cambodia through strategic partnership with Chip Mong

Singapore-listed fintech and digital banking solutions provider Silverlake Axis Ltd. (SAL) has ventured into Cambodia through strategic partnership with Chip Mong Group, a Cambodian conglomerate.

ORIGIN: Asia Tech Conference: “Cultivating Innovation: Strategies for Building a Conducive Environment for Tech Growth in Southeast Asia”

The panelists, from corporate venture capital, venture capital firm and venture builder, shared their views on the criteria and support needed to build a conducive tech ecosystem.