SEA

airasia Super App collaborates with Google Cloud for digital growth

Google will also tap AirAsia Super App’s in-region network to expand its developer community in Southeast Asia.

Travel tech firms await ‘revenge traveling’ as Malaysia reopens, but concerns remain

Travel tech firms are finally able to hope for a better year as Malaysia reopens for international travelers after two years. But still, the recovery of the traveling industry may not be a smooth one as a sub-variant of the highly transmissible Omicron version of coronavirus, BA.2, is now dominant worldwide, prompting surges in countries across US, Europe…

Indonesia’s GoTo allocates over $20M to driver-partners under share program

Ahead of its initial public offering (IPO), PT GoTo Gojek Tokopedia Tbk (GoTo Group), the largest digital ecosystem in Indonesia, announced Monday it will allocate over $20 million to driver-partners. In Indonesia, the driver-partners will receive a share grant under the Gotong Royong share program.

Grab eyes breakeven for food deliveries in 1st half of 2023 – report

Grab operates across almost 500 cities in eight countries in Southeast Asia. Its operations include ride-hailing, food and grocery delivery services, digital payments, lending, insurance, wealth management among others.

Indonesia’s GoTo to raise $1.1B in IPO

Indonesia's largest tech firm GoTo Group said Thursday it will raise total $1.1 billion in its initial public offering (IPO), which would make this the third largest IPO in Asia and fifth largest in the world this year. The IPO price has been set in the top half of the range at IDR338 ($0.024) per share, representing a projected market capitalization of…

Consortiums partnering banks, e-wallets have an upper hand to bag Malaysia digital bank licenses

Consortiums partnering with financial institutions and e-wallet operators will have an upper hand in securing a digital banking license in Malaysia, according to analysts.

FinTech continues to be a hot sector in Southeast Asia after a booming 2021

FinTech will continue to be one of the hottest sectors in Southeast Asia after investors pumped record amounts into the region’s FinTech firms last year.

Indonesia planning to relax foreign investment policies for local tech startups

Indonesia readying tough new curbs for online platforms – report

Indonesia is one of the world top-10 markets by the number of users for social media firms including Youtube, TikTok, Facebook, Twitter, Instagram and Whatsapp. Indonesia is also the world's fourth most populous country.

Malaysia’s iPrice Group raises $5M from Itochu Corporation and KDDI Corporation

iPrice Group, Malaysia-based price comparison platform, announced Wednesday that it has raised $5 million of additional funding led by Japan-based firms Itochu Corporation and the KDDI Open Innovation Fund III (operated by Global Brain Corporation). The additional funding will bolster iPrice’s role in finding shoppers the best deals as Southeast Asia’s…

Finch Asia, IndoGen Capital, and Tokocrypto execs launch Southeast Asia focused Web3 projects fund

Finch Asia and IndoGen Capital are forming a web3-focused investment fund, named Cydonia, onboarding seasoned profiles from the blockchain landscape as the partners, notably Teguh Kurniawan Harmanda and Chung Ying Lai, who are respectively the Co-Founder/Chief Operating Officer and Chief Strategy Officer of Indonesia's largest crypto exchange, Tokocrypto,…