Editor’s notes: data provided by data platform Tracxn
Startup funding in Southeast Asia saw a notable uptick in October 2024, with a total of $359 million raised across 33 rounds. This represents a 194 percent increase from September 2024, although the figure remains a striking 42 percent lower than the same month last year.Dominance of Early-Stage Funding in October● The funding landscape in October was dominated by late-stage investments, which accounted for the bulk of...
For the longest time, owning the consumer payments space has been Asian banks’ key focus
However, the shift is likely to change in favor of the underserviced B2B payment segment and right now banks are coming up short in their offering.
The need for banks to lift their B2B payments game is being driven by three trends.
First, consumers’ use of digital wallets has reached an inflection, where more than 50 percent of purchases are now being transacted using digital wallets for...
Maybank Investment Bank said Thursday that it foresees ASEAN internet players such as Sea, Grab and GoTo to lead growth ahead of global peers.
The research house said in a note that these domestic companies delivered an all-round performance in the third quarter of 2024, gained market share (versus Lazada or FoodPanda) and achieved growth that is in line/ahead of global peers (such as MELI or DHER).
It also noted that financial services stood out with gross transaction value...
Merck, a global science and technology company, and Digital Trust Centre (DTC) at Nanyang Technological University, Singapore (NTU Singapore) are collaborating to pioneer a new digital trust technology designed to enable secure, automated, traceable and efficient digital processes.
A memorandum of understanding was signed to seal the partnership which aims to implement and deploy innovative trust technology solutions to drive the digital transformation of Singapore-based companies,...
Singaporean telecommunications firm Singtel and Swedish multinational networking and telecommunications company Ericsson have on Thursday announced a partnership to deploy 5G advanced connectivity solutions at Tuas Port in Singapore.
This is in support of PSA Singapore’s (PSA) plans to build the world’s largest fully automated port by the 2040s to meet the rapidly rising demand for global transshipment, Singtel said in a statement.
According to the statement, existing automated...
Podium, a Singapore cloud-based digital platform, has on Thursday announced the successful first close of its Series A-1 funding round, raising S$20.4 million ($15.2 million).
The round was led by a global software firm Autodesk, and participated by Swiss escalators manufacturer Schindler, Podium said in a statement.
Podium said the investments made by Autodesk and other Series A-1 round participants underscore strong collective confidence in the firm’s ability to accelerate digital...
In today’s world, reliable power backup is essential, especially for homeowners and small business owners who depend on uninterrupted electricity. With the increasing prevalence of power cut, understanding how to calculate inverter battery backup time effectively for inverters and UPS systems is crucial. This knowledge not only ensures continuous power but also optimizes your power solutions.
In this blog, we’ll explore the intricacies of battery backup time...
How to Read Asian Handicap Odds at bookmaker
Asian Handicap is a popular form of soccer betting that levels the playing field between two teams of varying strengths.
Unlike traditional betting, which offers three possible outcomes (win, lose, or draw), Asian Handicap eliminates the possibility of a draw, ensuring that only two outcomes are possible: win or lose. Here's a deeper look into how it works:
1. The Basics
Asian Handicap assigns a goal handicap to the teams involved. The stronger...
Singapore-based digital bank GXS Group announced Wednesday \that it is on track to launch its business banking solutions in the first quarter of 2025, after launching its retail banking services successfully.
Business banking services will be rolled out progressively in Malaysia and Indonesia, the firm said in a statement.
In Singapore, GXS Bank said it will first open its business banking services to sole proprietorships and micro-businesses as these companies are typically underserved by...
Extra-regional trade is forecasted to grow USD 1.2 trillion in ten years, but deficits with China soar.
Southeast Asia is rapidly expanding its global trade by pursuing diplomatic neutrality and engaging with various economies in conflict over political and economic issues. The region’s external trade is projected to rise by USD 1.2 trillion from 2022 to 2032, marking the largest increase globally.
“Today, I offer our nation as the most neutral and nonaligned location,”...
Jumia’s path to profitability grows steeper as foreign competitors make inroads across the continent.
As global businesses pivot toward Africa, Jumia, the continent’s homegrown e-commerce leader, is carving its own niche. Dominating with over 24% of Africa’s e-commerce market, Jumia has solidified itself as a central figure in the region’s online shopping landscape.
In a historic move for Africa’s tech ecosystem, Jumia went public on Nasdaq in April 2019. The...
Multinational insurance group Prudential plc launched the Prudential AI Lab in Singapore, with the aim of accelerating the adoption of AI, generative AI (gen AI) and machine learning organisation-wide, the insurance company announced on Tuesday.
The launch ceremony, held at the Prudential Singapore office, was officiated by Josephine Teo, Singapore’s Minister for Digital Development and Information (MDDI) and Anil Wadhwani, Chief Executive Officer of Prudential plc.
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