2C2P partners with ShopeePay to boost digital payments in Southeast Asia
2C2P, a Singapore-based payments platform, and ShopeePay, a Singapore-based integrated mobile wallet, announced Wednesday a new partnership to increase access to digital payments for consumers and merchants by enabling ShopeePay as a payment option to 2C2P’s extensive merchant network across five markets in Southeast Asia.
The move will enhance connectivity to the digital economy, a key…
Indonesia readying tough new curbs for online platforms – report
Indonesia is preparing tough new rules that will allow it to criminally charge and fine internet and social media platforms, Reuters reported on Wednesday, quoting sources.
Quoting sources from companies and government, Reuters reported that some executives of online firms briefed on the plans warned the measures will be hard to comply with, raise their operating costs, and could undermine…
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 e-commerce market becomes increasingly…
Singapore’s Handprint raises $2.2M seed funding led by Thunes
Handprint, a Singapore-based technology platform that is building the sustainability infrastructure for the digital world, announced Monday that it has raised $2.2 million in seed funding led by leading payments network Thunes, with participation from other angel investors.
The funding will be used to further build Handprint’s technology and expand its network of impact partners, helping to…
Indonesian e-grocery startup Sayurbox raises $120M Series C funding led by Alpha JWC, Northstar
Sayurbox, an Indonesia-based business to consumer (B2C) and business to business (B2B) e-grocery startup, announced Monday its oversubscribed Series C round of $120 million led by Northstar and Alpha JWC Ventures, with participation from new investor International Finance Corporation (IFC).
Existing investors Astra, Syngenta Group Ventures, and Global Brain as well as other prominent angel…
Infobip’s Nikola Pavesic on unicorns, customer experience, and investing in the community [Q&A]
In a world where borders no longer pose a limit and growth is now determined by online presence, Croatia's first unicorn, Infobip, is looking to help grow the Asia Pacific (APAC) region's next unicorn by becoming an ideal partner to support the digitalization journey for startups. In partnership with VC fund 500 Southeast Asia, Infobip has launched the Startup Tribe APAC Program.
Like an…
Carsome and Public Bank sign MoU for car financing collaboration
Malaysian lender Public Bank said Friday the bank and Carsome has officially signed a Memorandum of Understanding (MoU) for greater business collaborations.
With this MoU, the bank will be able to provide stock-financing and end-financing arrangement for the vehicles to its member Car Dealers and individual purchasers who have won the bids through Carsome online platform, as well as to extend…
Malaysia’s Carsome acquires majority stake in Singapore integrated automotive firm CarTimes Automobile
Malaysia-based integrated car e-commerce platform Carsome Group Pte Ltd (Carsome) announced Thursday the acquisition of 51 percent stake in Singapore integrated automotive firm CarTimes Automobile Pte Ltd (CarTimes).
Carsome said in a statement the acquisition is an important move that further strengthens its market leadership in the region, and reinforces its commitment to drive ecosystem…
Rainforest’s Per-Ola Röst on innovating microbrands through centralized, seamless, cross-border fulfillment [Q&A]
E-commerce has been a driver of growth in this post-pandemic environment. In this TechNode Global Q&A with Per-Ola Röst, Co-Founder and Chief Technical Officer at Rainforest, we learn how e-commerce aggregators are delivering consumer needs without the need to rebuild from scratch.
Amazon is a good example of this--continuing to see an increase in the number of third-party sellers joining…
Singapore’s ShipsKart raises $2.7M Series A funding led by TMV and Hermes Offshore
Shipskart, a Singapore-based supply chain e-commerce solution for maritime and offshore, said Wednesday it has closed an oversubscribed $2.7 million Series A to bring one of the maritime and offshore industry’s most analogue processes, the procurement of essential vessel supplies, online.
The round was led by TMV and Hermes Offshore, with strategic investments from the likes of Motion…