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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.
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.
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
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.
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.
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.
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.
We have our own supply chain and we have the power to distribute brands across Asia via our social commerce and live distribution platforms. Summer International’s live commerce distribution network helps it understand what brands and products consumers from different parts of Southeast Asia want to buy.
Playing tourist in DC, it is interesting to see how much your online digital life impacts your offline life. There were a number of online/offline participatory visitor experiences. The Smithsonian is one of the Networked Nonprofits we feature in the book.
There are a lot of talented people, like chefs and musicians, in Southeast Asia who can earn money through their work online, says TipTip founder Albert Lucius. TipTip wants to help them build up followers in their communities using an offline/online strategy, and monetize by selling content instead of relying on advertising algorithms.
The company, which monetizes by sharing revenue with digital publishers, also struck a partnership with Jnomics Media to expand in Europe. Dadoo’s previous startup Shoffr, an online-to-offline attribution platform, was acquired by Affle in 2019. Fewcents was launched last year by Abhishek Dadoo and Dushyant Khare (pictured above).
The Hong Kong-headquartered startup will use the fresh capital for its market penetration into Southeast Asia, specifically Singapore and Malaysia, as well as the U.K. and other countries in Europe. The global social commerce market is projected to rise to $6.2 trillion by 2030.
Instamojo: marketplace to sell your digital creations with just one click. TouristEye: a trip planner that allows you to plan your trip on the web, but view all the info and maps offline on your mobile device. Hunie: community for designers to help them get feedback from their peers. Iconfinder: site for icons.
Kakao Pay will use its IPO proceeds to speed up its global expansion, including in Southeast Asia, Europe and China, said CEO Alex Ryu at an online press conference last week. Southeast Asia and Middle East-based companies have been reaching out to the fintech company to seek strategic partnerships, Ryu mentioned. billion from $1.63
The company, founded in 2015 by Charles Lee and Harley Trung, who previously worked as software engineers, pivoted from offline to online in early 2020 to bring high-quality technical training to everyone, everywhere. “Coding is the future.
million in Series A funding to continue developing its automated approach to bring offline data online. Restaurants usually deal with having offline data, but time equals money, and if there is incorrect data, there can be some financial reimbursement. Woflow , a data infrastructure company, raised $7.3
The site now appears to be offline.). They’ve been a staple of digital payments in Asia for many years, but have been embraced in the West during the pandemic, used to link people to restaurant menus, report vaccination status, and check in to locations.
Payfazz and Xfers , two startups that want to increase financial inclusion in Southeast Asia, announced today they have joined forces to create a new holding entity called Fazz Financial Group. Payfazz uses payment infrastructure developed by Xfers to accept digital payments. ” Singapore-based Xfers Lands $2.5M
Mapan digitized that concept, and turned it into a service where users, also mostly women, can use it to pay for goods and services. The round was co-led by Patamar Capital and PT Astra Digital Internasional, a subsidiary of conglomerate PT Astra International Tbk (also known as Astra International). and a McKinsey consultant.
and Asia. . Though the majority are based in Korea, the accelerator gets applicants from other countries looking or planning to enter Korea or Asia, according to Kim. . MyShop Cloud: An online to offline (O2O) platform that wants to digitize the value chain of dried fish, from wholesale to the retail market.
E-commerce in Southeast Asia is very fragmented, with consumers having their choice of marketplaces, e-commerce sites and social commerce. Before founding FLIK, Gadi’s previous startups included Pawoon , a point-of-sale platform that enables businesses to accept digital payments. FLIK co-founder and CEO Ahmad Gadi.
In a market where internet-enabled app-based banking can reach 300 million subscribers on the continent, USSD technology, predominantly offline and used mainly by feature phones, outpaces it with 850 million connections. And so what we’re doing is building for them, because despite having a smartphone, they want to be offline.
In addition to providing financial capital, The-Wolfpack wants to build ecosystems around its portfolio companies by connecting them with IP owners, digital marketing experts, content producers and designers who can help create offline experiences.
After living and working in the United States for almost 25 years, he moved back to Bangladesh in 2018 to digitize micro-credit, with the goal of creating a digital credit platform for micro-merchants that did not require a smartphone or digital literacy.
Many still rely on manual bookkeeping, but the impact of COVID-19 has driven small businesses to digitize more of their operations. BukuKas launched in December 2019 as a digital bookkeeping app, but is growing its range of services with the goal of creating an “end-to-end software stack” for small businesses.
In July, Yanolja launched a new feature, Yanolja Cloud, a B2B operation solution, to reinforce its digital transformation as demand for contactless service grows by the pandemic. Yanolja Cloud automates online and offline operations and helps hotel operators to generate more revenues by offering personalized service to guests at a lower cost.
BukuWarung’s services, including digital payments, inventory management, bulk transactions and a Shopify-like e-commerce platform called Tokoko, are designed to digitize merchants that previously did most of their business offline (many of its clients started taking online orders during the COVID-19 pandemic).
Before founding Edupia, Hung spent 10 years as director of digital services at Viettel, the largest telco in Vietnam. While there, he saw how digitization was transforming many aspects of daily life, including e-commerce, finance, healthcare and education.
Consumer credit has also taken off in parallel as credit cards and digital lending spurred credit-based consumption across offline and online stores. The next step for solving the digital B2B puzzle is to embed credit inside every transaction and invoice. Image Credits: Redseer. How does consumer BNPL differ from SME BNPL?
BharatPe, which counts Coatue, Ribbit Capital and Sequoia Capital India among its existing investors, operates an eponymous service to help offline merchants accept digital payments and secure working capital. Scores of giants and startups are attempting to serve neighborhood stores in India. Image Credits: Bank of America Research.
Before launching IDEAL, Surjaudaja was former head of operations strategy at digital payment service OVO. Surjaudaja said that traditional retail banks offer a relatively poor digital experience for their consumer lending products, making them less accessible. IDEAL’s digital platform seeks to solve these challenges.
There will also be both online and offline communities to connect people on “healing journeys,” for example, around mental health, and a library of digital content with well-being videos. We are also integrating social commerce elements that are actually quite prevalent in Asia.
million in Series B funding for expansion in Australia, the United States and Southeast Asia. and Southeast Asia. The pandemic has forced many brands to place a greater emphasis on digital engagement to increase their online sales and stand out from other e-commerce merchants. The company announced today that it has raised $25.5
The Indonesian used car market is on a course for growth fueled by a number of trends : the increasing digitization in used car sales; a larger variety of finance options; and the COVID-19 pandemic, which pushed the idea of private car ownership. of new automotive sales in Southeast Asia. billion by 2027. .
First, around product development, the team is eager to build next-generation digital renewable energy. With a similarity to the offline grid, Infinity connects to all the loads in a residence or business place and controls them digitally while providing data and analytics in the process. “These are the core differences.
Sinha said part of the fresh fund will be deployed in R&D so that Cashfree can scale its technology stack and build more services, including those that can digitize more offline payments for its clients. The startup processed over $12 billion in payments volumes in the financial year that ended in March.
The firm, which allows users to pay digitally and also cross-sells a small sachet of insurance and loans as well as provides them with American Express-powered credit cards, is targeting a valuation of about $1 billion in the IPO, according to two people familiar with the matter. Image: MobiKwik). million during the period.
The young startup, now valued at about $90 million, helps brick and mortar stores sell to customers online and collect payments digitally. Pandemic or not, we are here to reimagine the way offline businesses work and bring the digital revolution to the doorstep of every entrepreneur.”. Image Credits: DotPe.
For example, see Plan Asia’s Flavors Page at flavors.me/planasia. If your nonprofit is active on Pinterest or wants to make better use of your digital library, knowledge of photo-editing is essential. For small nonprofits with tiny budgets, Flavors is an excellent option. Flipboard :: flipboard.com. Meetup :: meetup.com.
It includes a product digitalization feature that uses QR codes to track products and prevent counterfeiting. The company’s new funding will be used to launch a online-to-offline system for SMEs and grow its sales team.
BukuKas , a startup focused on digitizing Indonesia’s small businesses, has raised $50 million in Series B funding. Since its launch as as a digital bookkeeping app in December 2019, BukuKas has added new features, including online payments and an e-commerce platform. The app has onboarded about 6.3 CrediBook gets $1.5
Everything is switching from offline to online mode, spurred by the pandemic, and that also has turned around things for the creative economy. million (12 billion won) Series A round led by SoftBank Ventures Asia along with Mirae Asset Venture Investment, KT Investment, Strong Ventures and SpringCamp. In 2019, the company raised a $10.3
With promising initial traction and user feedback, the size of the opportunity to digitize the education sector became very clear,” Aziz said. It plans to build the company as a hybrid center offering online and offline courses like Byju’s and Aakash, and expand classes for adults such as MasterClass, the U.S.-based
This doubles the Indonesian digital lending and credit platform’s total warehouse financing facility from VPC to $200 million. This is the largest loan facility it has raised so far, and is VPC’s biggeast debt commitment to a fintech company outside of the United States and Europe, as well as its only investment in Southeast Asia.
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