Does Axiata-RHB consortium have what it takes to win a digital bank license in Malaysia? [Q&A]
Editor’s note: This interview is part of a Q&A series with some of the contenders vying for a digital banking license in Malaysia.
Axiata-RHB consortium is often seen as one of the forerunners to win a digital banking license in Malaysia as the consortium has brought together one of the largest telecommunications groups in the region and the country’s fourth-largest banking group.…
Singapore’s Sea Q2 revenue jumps 159% on-year; raises full year 2021 guidance
Singapore-headquartered e-commerce and gaming group Sea Ltd reported a 158.6 percent jump in revenue to $2.3 billion in the second quarter of 2021, mainly driven by growth in the e-commerce business and its digital entertainment business.
The New York Stock Exchange-listed tech giant saw its net loss widen to $433.67 million in the second quarter from $393.54 million a year ago, mainly due to…
Singapore financing startup Jenfi raises $6.3M Series A led by Monk’s Hill Ventures
Singapore-based revenue-based financing company Jenfi said Tuesday it has raised $6.3 million in Series A funding led by Monk’s Hill Ventures.
Other investors include Golden Equator Ventures and Korea Investment Partners (via the GEC-KIP Fund), 8VC, ICU Ventures, and Taurus Ventures.
The Series A funding will be used for product development, customer acquisition, and expansion in Southeast…
Challenges and opportunities: How digital tools help increase customer retention rate and yield for traditional businesses like automotive service
When car owners rely on digital diagnostic reports, traditional stores can no longer retain them through the current customer retention methods.
At present, the Xi'an automotive aftermarket is very lively under the competition between the "cat (Tmall AutoCare) and tiger (Tuhu)." Although their market share is not very high, e-commerce franchises are coming aggressively and pushing the market…
Challenges and opportunities as Buy Now, Pay Later shopping gains traction in Malaysia
Kuala Lumpur-based Lau Chi Yan, 33, bought an oven online using Grab’s Pay Later services when the ride-hailing and payment firm ran a cash rebate promotion in Malaysia in June.
As a new user, she received a rebate of 65 MYR ($15.34) with minimum spending of 150 MYR ($35.40), equivalent to a 43.33 percent discount on the product. This was her first time using Buy Now Pay Later (BNPL) service,…
Shippit’s ASEAN marketing lead on the importance of owned media and storytelling
Market expansion in ASEAN can be tricky, as each country has different norms and consumer behaviors. Shippit’s regional marketing rep Divya Saraf shares key findings.
The importance of offering strong shipping services in the e-commerce sector cannot be overstated, as consumers prioritize buying from merchants that provide speedy delivery. In Singapore, a study found that 90 percent of…
Singapore’s Parcel Perform bags $20M in Series A funding from Cambridge Capital, Softbank Ventures Asia
Singapore-headquartered cloud-based delivery platform Parcel Perform announced on Wednesday it has secured $20 million in Series A investments led by Cambridge Capital, a supply chain technology-focused global investment firm.
New investor SoftBank Ventures Asia, the corporate venture capital arm of Japan’s Softbank Group, has also joined the round alongside existing investors including…
Microsoft, Ant-backed Bukalapak share price jumps 25% on trading debut
Shares of Indonesian e-commerce firm Pt Bukalapak.com jumped almost 25 percent on its first day of trading on Friday after its shares were officially listed on the local stock exchange.
Its share price surged 24.7 percent to trade at 1,060 rupiah ($0.074), up from its IPO price of 850 rupiah ($0.059). The increase also hit the upper limit at the bourse and the share price continued to stay at…
Open for Application: Life’s A Pitch! 16
Are you a startup based in Southeast Asia with an MVP and looking to fundraise from seed to post series-A round? We invite you to join us this year and get the right connections to propel your vision forward!
Our panel of investors is from the region and has active funds as well as networks that can potentially help you grow and expand. Express your interest to pitch at Life's A Pitch! and we…
Indonesia BNPL firm Kredivo plans go public via via $2.5B SPAC merger
FinAccel, the parent of Indonesian digital consumer credit platform Kredivo, said it plans to go public through a merger with NASDAQ-listed VPC Impact Acquisition Holdings II (VPCB), a special purpose acquisition company (SPAC) sponsored by Victory Park Capital (VPC).
FinAccel and the blank-check firm said they have entered into a definitive agreement for a business combination that will…