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Financial API provider Brick is building the infrastructure for open banking in Southeast Asia

TechCrunch

The adoption of financial apps is surging in Southeast Asian markets like Indonesia , the region’s most populous country. It is currently partnered with Indonesia’s seven largest banks, covering more than 90% of the country’s bank accounts, and plans to expand into all Southeast Asia countries. Visa is acquiring Plaid for $5.3

API 103
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A close look at Singapore’s thriving startup ecosystem

TechCrunch

Toni Eliasz is the program manager of the Disruptive Technologies for Development Program (DT4D) that supports the innovation and adoption of technology-driven solutions in World Bank Group operations. Toni Eliasz. Contributor. Share on Twitter. When the country first became independent, its mandate was to simply survive rather than thrive.

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Hong Kong-based viAct raises $2M for its automated construction monitoring platform

TechCrunch

Cheuk said the company’s initial markets in Southeast Asia will include Indonesia and Vietnam because government planning for smart cities and new infrastructure means new construction projects there will increase over the next five to 10 years. It will also enter Singapore because developers are willing to adopt AI-based technology.

Platform 101
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Indonesian agritech platform TaniHub Group harvests a $65.5M Series B round

TechCrunch

Agritech startup TaniGroup raises $10M to help Indonesia’s farmers grow. This year, it plans to focus on expanding within Indonesia because the F&B (food and beverage) market there is worth $137 billion and the Indonesian agriculture sector is still highly fragmented, Pamitra said. Rakuten and Beyond Next invest $1.4M

Group 100
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Indonesian ID and data verification startup Verihubs gets $2.8M led by Insignia Venture Partners

TechCrunch

.” The round led by Insignia Venture Partners, with participation from CCV (Central Capital Ventura, the investment arm of Bank Central Asia, the largest privately-owned bank in Indonesia), and Armand Ventures. Before adopting Verihubs, many of its clients were still verifying customers manually, said Firnando.

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HR automation platform Omni wants to be the ‘Rippling of Southeast Asia’

TechCrunch

Based in Singapore, it is currently active there and in Indonesia, and plans to roll out in other Southeast Asian markets after localizing for employment regulations. On the other hand, companies in Indonesia collect multiple forms of ID information, including KTD (resident’s card), KK (family card) and NPWP (tax ID). What downturn?

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Muslims come into the frame in Southeast Asia’s fintech boom

TechCrunch

Indonesia emerged as the best choice. Indonesia and Malaysia, in the heart of Southeast Asia, are among the countries with the largest Muslim populations in the world. Gojek’s GoPay is also partnered with the Indonesia mosque council to allow users to make zakat, or obligatory alms giving, online. out of its 33.6