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Carsome Group will acquire iCar Asia in a deal worth $200M

TechCrunch

Today Carsome Group , one of the region’s largest online used car marketplaces, said it plans to acquire listings platform iCar Asia in a transaction worth more than $200 million. of iCar Asia from Malaysia internet conglomerate Catcha Group. The roadmap to startup consolidation in Southeast Asia is becoming clearer.

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Hong Kong’s offline and virtual events platform EventX closes $18M Series B

TechCrunch

But the virtual event space continues to attract investors, at least in Asia. When COVID-19 hit in 2020, it saw an opportunity to go digital, so it developed a new service akin to Hopin, supporting live events like webinars and virtual exhibitions. As countries ease up on COVID restrictions, activities are going back in person.

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H2O Hospitality secures $30M Series C to expedite hotel digital transformation

TechCrunch

H2O Hospitality will expand its business further by adding various types of accommodations in South Korea and Japan in 2021 and 2022 and plans to enter Singapore and Indonesia in 4Q in 2022 in line with its Southeast Asia penetration strategy, according to H2O Hospitality co-founder and CEO John Lee. There are currently about 16.4

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Easy Eat AI raises $5M to help Southeast Asian restaurants digitize their operations

TechCrunch

Easy Eat AI offers an operating system for restaurants that lets them digitize all parts of their business, from inventory and customer orders to delivery, and gain AI-based data analytics to improve revenue. Many food and beverage businesses started digitizing orders and payments so they could offer deliveries during the COVID-19 pandemic.

Digital 107
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25 Global Trends in Giving That Nonprofits Need to Know About

Nonprofit Tech for Good

Increased access to online and mobile giving technology in Africa, Asia, and South America will likely grow these numbers significantly in coming years. Together, digital communications inspire 74% of donors to give. 11) Donors are very involved with their favorite causes and charitable organizations offline.

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Thailand’s fintech startup Ascend Money lands $150M at a $1.5B valuation

TechCrunch

Ascend Money will use the proceeds to grow its e-wallet application – TrueMoney Wallet – and expand its digital financial services ranging from digital lending and digital investment to cross border remittances in Southeast Asia. Apart from e-wallet, we are an agent-based payment and remittance service provider.

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PayPal acquires Japan’s Paidy for $2.7B to crack the buy-now, pay-later market in Asia  

TechCrunch

PayPal has long played nice with payment cards – users can upload details of their cards to PayPal and use it as a kind of digital wallet to manage how they pay for things online through it – but it got its start actually as a payment platform in itself, where people could pay into and out of PayPal accounts.

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