eCommerce
Indonesian Bukalapak 1Q revenue surges 86 percent to $54.39M on higher Mitra Bukalapak contribution
Indonesian e-commerce firm Bukalapak said Thursday that its revenue for the first quarter of 2022 (1Q22) grew by 86 percent year on year to IDR788 billion ($54.39 million), underpinned by its Mitra Bukalapak’s growth.
Singapore’s Adgorithmics partners South Korea’s Klaytn Foundation to launch NFT-based loyalty program
Singapore algorithms e commerce firm Adgorithmics and South Korea blockchain platform Klaytn Foundation announced Thursday a partnership to utilize non-fungible tokens (NFTs) for an e-commerce incentive system and customer loyalty program through the MetaGachas platform.
Hong Kong’s Omnichat raises $1.8M Pre-A round funding to expand business to Southeast Asia
Omnichat, a Hong Kong-based omni-channel chat commerce solution provider, said Wednesday it has raised $1.8 million in Pre-A round funding and announced its business expansion plan to Southeast Asia. The funding will be used to finance Omnichat to further expand the business to Southeast Asia (SEA) markets, and the first stop will be Singapore, Malaysia and…
Singapore eCommerce checkout solution Arrow raises $4.8M seed funding led by Sequoia Capital India
Arrow, a Singapore-based eCommerce checkout solution, announced Tuesday a $4.8 million seed fundraise led by Sequoia Capital India and supported by Alpha JWC and Guillaume Pousaz’s Zinal Growth. High-profile angel investors such as Ooi Huey Tyng (current board member at AIG and Maxis), Steve Vickers (Chief Operating Officer at Paysend), and Hassan Ahmed…
Overcoming fraud challenges in the BNPL space
In the long run, an effective fraud protection strategy will enable businesses to scale with confidence as they offer new payment services, add to product offerings, or even expand their business across borders.
Singapore’s The GrowHub partners Vietnam’s Society Pass to provide Australian food products
Singapore-based food and agri-tech company The GrowHub Innovations Company (The GrowHub), announced Friday that it has signed a strategic marketing partnership Memorandum of Understanding (MOU) with Vietnam-based loyalty platform Society Pass to provide agri-food products from producers in Western Australia.
Vietnam’s Society Pass spins-off lifestyle e-commerce arm Leflair into Leflair Group
Society Pass Inc (SoPa), a Vietnam-based loyalty and ecommerce firm, announced Friday the completion of restructuring Leflair's Vietnam operations with the spin-off of Leflair Group (LFGroup). Along with this restructuring, SoPa has appointed Loic Gautier as Chief Executive Officer of the new Leflair Group.
India’s Pine Labs makes significant investment in Mosambee, boosting latter’s valuation to $100M
India-based merchant commerce platform Pine Labs announced Wednesday that it has made a significant majority investment into Mosambee, a end-to-end payment solution provider in India. This investment will now value Mosambee at upwards of $100 million.
Malaysia marketing tech firm Involve Asia expands to Vietnam
Vietnam is an important market for Involve Asia as it is one of the fastest-growing economies in Southeast Asia with a vibrant and technologically savvy population, Involve Asia Chief Executive Officer and Founder Jimmy How said.
