Vertical

"Tookitaki AMLS allows the money laundering patterns to be automatically shared across banks globally (irrespective of their size) to facilitate collective intelligence and outsmart the criminals by identifying the suspicious money trails buried deep inside the mountain of legitimate transactions."

The startup is a Silicon Valley-based startup that utilizes its Nuance Technology, which allows its AI to process documents and automate the workflow that businesses involved in the supply chain industry have to deal with.

BukuWarung plans to use its fresh capital to expand its tech and product teams in Indonesia, Singapore, and India. It will concentrate on becoming more self-sustaining by working on its payments solution and releasing new monetization products.

PasarPolis aims to increase insurance penetration and literacy across the region, with plans to scale its Vietnam and Thailand markets this year.

Fresh capital will be used to expand in other Asia-Pacific countries such as Indonesia, Malaysia, India, and the Philippines and improve the platform to include new features based on accelerated demand driven by the pandemic. 

"There is nothing romantic about being an entrepreneur, and I wondered why there are schools that even think that starting a business is an imperative rite of passage for any student who is graduating from a tertiary institution."

Given the accelerated demand for digital services including e-payments, digital fund transfers, e-commerce purchases, and customer engagement, it will be too burdensome for traditional or manual systems to manage. Thus, innovations in AI are also being tapped in order to optimize how digital transactions and engagements are carried out.

Grab plans to use the loan to strengthen its position as the leading super app in Southeast Asia, through stronger liquidity and diversified financing.

Firms that introduce disruptive technologies in the tailwind industries such as Digital Wallets, Virtual Worlds, and New Retail are poised to thrive, as their solutions will continue to unlock new growth opportunities in existing markets and/or create new markets.