SEA
South and Southeast Asia fintechs raises $53.3B to date in alternative lending, digital banking, payments and transfers, and e-wallet
Over the entire history, fintechs in alternative lending, digital banking, payments and transfers, e-wallet sectors have raised a grand total of $53.3 billion and earned $17.8 billion, said in a study revealed by Robocash Group on last Thursday.
Lazada unveils eCommerce AI Chatbot LazzieChat in Southest Asia
Singapore-based e-commerce operator Lazada Group has released LazzieChat, the first eCommerce artificial intelligence (AI) chatbot of its kind in Southeast Asia powered by OpenAI ChatGPT technology in Azure OpenAI Service.
Softbank-backed Carro reports record EBITDA in FY2023 driven by strong recurring ecosystem ancillaries
Carro, the Singapore-based online used car platform, announced Thursday that it has recorded its best ever full-year positive earnings before interest, taxes, depreciation, and amortization (EBITDA) of $4 million for its latest financial year ending March 2023 (FY2023).
Tech sector may be in ‘funding winter’ but AC Ventures sees opportunities in EV, circular economy & sustainable agriculture, says Managing Partner [Q&A]
In the interview, Helen Wong also shared her views on the overall investment sentiment in Indonesia and gave updates on the deployment of its funds, among others.
Grab co-founder Tan Hooi Ling to step down from official positions by year-end
Grab Holdings Limited has on Thursday announced that Tan Hooi Ling has informed its board of directors of her intention to step down from her operating roles at Grab, including her directorship, by the end of 2023.
PropertyGuru first quarter revenue climbs 16 percent to $24.5M
PropertyGuru Group Limited, a Singapore-based property technology company, has on Tuesday announced its revenue rose 16 percent year on year to SGD 33 million ($24.5 million) in the first quarter of 2023.
ORIGIN Conference: Southeast Asia: A Race to Go Sustainable
The panelists discussed sustainability issues and development across Southeast Asia. Avant Meat’s Chan and SWAP Energi’s Irwan explained how their startups can help to achieve sustainability goals while Ting, from Trive Ventures, gave examples on how the startups his firm invested in are driving sustainable innovation. He also gave his views from an…
ORIGIN Conference: Why is Southeast Asia Prime for the Next Decade?
The panellists discussed about the reasons why Southeast Asia is prime for the next decade and where they see opportunities within the region. They also discussed the challenges of investing and operating in the Southeast Asian region and had given some pieces of advice to investors and companies looking into this multi-cultural and diverse market.
Grab says ‘on track’ to achieve breakeven by 4Q after losses narrow in 1Q
Grab, the Singapore-based super app, is on track to achieve breakeven by the fourth quarter after its losses narrowed in the first quarter. It has revised up its full year adjusted EBITDA guidance range by $80 million to $90 million.
Southeast Asian tech startups raises $10.4B in 2022 despite global slowdown
Southeast Asian tech startups raised $10.4 billion in 2022, the third strongest year on record and on par with the pre-pandemic investment levels, said a report revealed by Momentum Works and Cento Ventures on Tuesday.
