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RaRa Delivery ’s ambitious goal is to offer same-day deliveries in Indonesia without burning cash like many on-demand logistics providers. RaRa Delivery’s goal is to integrate with all major marketplaces in Indonesia, so sellers can offer it as a delivery option to customers. The company announced today it has raised $3.25
More than half of the population in Southeast Asia is under 30 , making it a coveted market for novel technologies. Unsurprisingly, several countries in the region, like Singapore and Vietnam, have some of the world’s highest crypto adoption rates. industry, one crypto investor pointed out previously.
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.
We proudly welcome NGO partners Vietnet-ICT and the Lin Centre in Vietnam, as well as ASEAN Foundation , Kopernik Marketplace , and YCAB Foundation in Indonesia to the TechSoup Global family. They are all part of TechSoup Asia , which serves charities in the Philippines, Malaysia, Singapore, Thailand — and now Vietnam and Indonesia.
Indonesia-based startup GoTo Group announced today it has secured more than $1.3 billion transactions in 2020, with gross transaction value of over $22 billion, contributing to more than 2% of Indonesia’s GDP. Indonesia has more than $1 trillion in GDP with a population of 270 million. Goto Group claims that it generated over 1.8
It’s good momentum for us to launch new products and grab the market.”. While the rate of retail investment in Indonesia is still low, its growing quickly because of a confluence of factors , including people’s desire to diversify and increase their assets during the pandemic. million public equity investors in the country.
Now 10 months later, Pintu chief marketing officer Timothius Martin tells TechCrunch that it has added more tokens, making more a total of 66 available, with more added each month. For example, gaming is a big thing in Indonesia with over 100 million gamers in the country. Users can top-up or withdraw their Earn wallet at any time.
The company offers a complete spectrum of e-commerce support services for direct-to-consumer (D2C) brands, from making a website, setting up a payment system, and managing marketing to handling shipping, warehousing, and logistics. Approximately 200 D2C brands have already started using Plugo’s beta service in Indonesia.
Mikal is an early-stage investor at Wavemaker Partners investing in startups across North America, MENA and Asia and author of the newsletter Emergent , analyzing one fast-growing startup in an emerging market every week. Pakistan, the world’s fifth most populous country, has been slow to adapt to the internet economy.
But founder Matthew Joseph Martin soon realized that the startup, backed by investors like Boost VC and Tim Draper, was serving a relatively niche market in the States. So he started researching markets with large populations of Muslim people. Indonesia emerged as the best choice. Meanwhile in Malaysia, where 61.3%
Cryptocurrency transactions in Indonesia hit $60 billion last year , according to the country’s commodities futures trading agency. Crypto exchange and marketplace Reku has been riding the wave with what it says are the lowest fees on the market, and a platform that is aimed at both newcomers and experienced traders. Reku’s team.
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. Localizing for each market can be quite complicated. Indonesia is one of the biggest, and rapidly growing, market opportunities in Southeast Asia.”.
Flip , an Indonesia-based fintech startup, announced today it has raised $48 million in a Series B to accelerate its growth. Flip is Insight Partners’ first investment in Indonesia. . Arriyan, Luqman Sungkar and Ginanjar Ibnu Solikhin co-founded the company in 2015 while studying at University of Indonesia.
Brankas , an open banking startup for Southeast Asian markets, is entering the new year with a $20 million Series B. As a result of increasing adoption, he said that “large multinational financial service providers like Visa are embracing open finance, even if it may threaten their legacy business in the short term.”.
For example, for cultivation financing products, TaniFund tailors each credit scoring based on agriculture risks and market risk of each commodity, on top of the typical borrower E-KYC scoring and process,” he explained. Agritech startup TaniGroup raises $10M to help Indonesia’s farmers grow. Rakuten and Beyond Next invest $1.4M
Vivo hasn’t given full pricing or release information for the X70 series except to say that it’s “gradually rolling out in markets such as India, Thailand, Indonesia, Malaysia, Taiwan, the United Arab Emirates, and more” from today.
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.
SODA said that the deal means its share of Japan’s sneaker resale industry is now 80%, making it the market leader by far. At the time, Uchiyama told TechCrunch demand for sneakers remained high despite the pandemic’s economic impact and increased adoption of online shopping also helped drive sales. The StockX EC-1.
.” 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.
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.
Most are located in Singapore, Hong Kong, Indonesia and India, and range in size from 100 to more than 3,000 employees. Larger clients may already have EAP (employee assistance programs), but Chew said those are often underutilized, with an average adoption rate of 1% to 2%.
AC Ventures (ACV) , a venture firm focused on early-stage startups in Indonesia and the rest of Southeast Asia, has reached the first close of its fifth investment fund (Fund V). Founded in 2014, ACV’s portfolio now has over 120 investments in Indonesia and the rest of Southeast Asia.
The way we see the market is that number one, the inefficiency in trucking and cargo shipping has driven up costs materially. And if you buy the same Nike shoes in Indonesia, Thailand or the Philippines, the answer is going to be much closer to 25%, maybe upwards of 30%.”. The answer is very well-documented. It’s about 8%.
In Indonesia, many logistics providers still use old-fashioned systems to track their operations and fleets, including pen-and-paper ledgers. After returning to Indonesia, the two started McEasy to produce hybrid motorcycles. Indonesia has more than 22.5 McEasy wants to change that.
Elaina Todd, an environmental planner who develops social marketing campaigns with the nonprofit conservation group Rare, is profiled in our most recent case study for Benetech’s Miradi software. Elaina says that Miradi helped her determine what knowledge was needed by local residents to adopt behaviors that promote clean water.
The funding will be used to start scaling Creative Galileo across Southeast Asia, hiring for local teams in Indonesia and Vietnam, its next markets. Localization, especially for languages and intellectual property, is a big part of Creative Galileo’s strategy as it expands into new Southeast Asian markets.
If the newly spotted cross-posting feature does, in fact, roll out more publicly, ByteDance would be able to leverage TikTok once again to further gain attention for Lemon8, driving new installs and adoption. Currently, Lemon8 has 25 million estimated worldwide downloads, per market intelligence firm data.ai.
This leaves D2C brands free to focus on other parts of their business, including brand building and marketing. Praktis claimed 12x growth year-on-year from 2020 to 2021 as the COVID-19 pandemic accelerated adoption of its services, and 4x growth year-on-year from 2021 to 2022.
That has in turn led to a surge in the usage of tools to help home learners do their work better, and today, one of them is announcing a growth round that speaks to the opportunity in that market. It currently has some 30 million users in that market, and it happens to be the only one in which Brainly is monetising users. In the U.S.
More than 80% of households in Indonesia, Malaysia, Thailand and Vietnam own two-wheeled vehicles, but the majority are fueled by gas. kW) and 2 times the range (100 km versus 50 km) of most electric motorbikes in the market, at the same price point. In 2018, he moved back to Vietnam and launched Dat Bike.
Image Credits: PixCap The costs of adopting 3D are too prohibitive for most startups. Instead of spending tens of thousands of dollars on hiring a designer for a one-off campaign, marketers can quickly put together a 3D social media graphic on PixCap using its library of templates. 3D templates from PixCap. France and Russia.
The duo looked at several startups in Indonesia and India and found the Asian markets were seeing similar consumer internet trends play out — just at a different pace. They built a thesis that Pakistan will see similar adoption of consumer internet services in the next four to five years. That’s the genesis of PriceOye.
PPRO (pronounced “P-pro”, as in payments professionals) plans to use the funding to continue expanding in newer markets. In both cases, the opportunity comes in the form of high growth stemming from more transactions moving online, as well as the chaos that is the fragmented payments market. Unit raises $18.6M
The company was founded in 2021 by Daniel van Leeuwen, the former country marketing head of Grab Indonesia. The app announced today that it has raised $3 million in seed funding from AC Ventures, Vibe.VC and Y Combinator, with participation from XA Network. A few examples include Pluang , GoTrade , Bibit , Ajaib , Pintu and Pluang.
Ben Thompson, co-founder and chief executive officer of human resources platform Employment Hero told TechCrunch that “COVID-19 accelerated the adoption of employment management software by roughly five years,” as teams adjusted to remote work. Virtual HQs race to win over a remote-work-fatigued market. million USD).
“The way the software is structured has to be very customized to the individual markets,” Wong said. Upmesh will use part of its new funding to double down on the Philippines and Malaysia for at least another six months, but it also wants to enter Indonesia, Thailand and Vietnam. It’s becoming more relationship driven. In the U.S.,
This enables many more consumers and small businesses to send funds to markets in Africa, Asia and Latin America, where digital wallets are often the default payment method. One of Thunes’ focuses is emerging markets where there are a lot of unbanked people. billion new endpoints to Visa Direct ’s digital payments network.
Jauhari added that key trends emerging in Asian health tech include large-scale adoption of digital platforms in markets like India, Singapore, Indonesia and Vietnam and specialty care growing by taking a “phygital” approach through a combination of brick-and-mortar locations and online platforms.
Sea is the 65 th most valuable company in the world with a market cap of $187 billion, while Bukalapak was Indonesia’s largest-ever IPO at $1.5 billion at a market cap of $8 billion. There are many more waiting in the pipeline hoping to join this illustrious club of Southeast Asian tech decacorns.
Bank Mandiri , the largest financial institution in Indonesia, embedded data-driven decision making at all levels with trusted self-serve analytics. This shows up in investments across people, processes, and technology to deploy and adopt data and analytics at scale. It’s a marathon, not a sprint, to become data-driven .
So let’s create business models that can help fight climate change and seriously address climate emissions, solutions that work for our market and are based on local dynamics.”. For example, deforestation is a major issue in Indonesia, as land is cleared for palm oil crops.
Despite the popularity of the model, it appears there are a variety of applications for which BNPL is just being tapped, and smaller players are carving out a niche as the retail market grows crowded. We believe BNPL adoption at the point of sale will accelerate rapidly given consumer familiarity. Jonathan Whittle. In the U.S.,
Credit: INCLUSION Conference Fragmented payment landscape As the pandemic fueled a surge in online shopping and digital payments worldwide, almost all economies of the world have adopted payment innovations, significantly accelerating the development of e-wallets, bank apps, and super apps with a pay button. Still, the demand is booming.
million electric vehicle factory in the countrys coastal Rayong province, the latest development by Chinese automakers to expand their reach in the global car market. million vehicles annually in overseas markets by 2030, which would represent a fivefold increase from last years 250,000 units.
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