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SoftBank-backed Socar, South Korea’s largest car-sharing startup, tumbles on market debut

TechCrunch

“The stock market is expected to be tough for the time being, but the mobility industry will grow rapidly that we can’t miss this critical time; we will focus on accelerating mergers and acquisitions and investments in new businesses and technology.”. million users and 1.4 million monthly active users this year. million users and 1.4

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Despite layoffs, there’s still a talent crunch in Southeast Asia

TechCrunch

In particular, fintech startups—BNPL, credit and lending, and inventory-holding businesses—are vulnerable, like i n other parts of the world. ” In Malaysia, regional companies still hire cross-border, but local companies have shifted back to local hiring. among those affected. It’s a correction in general.

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AC Ventures reaches first close of a $250M fund for Southeast Asian startups

TechCrunch

Its fourth fund is focused on Malaysia and run by a separate team). Its team has grown to 35 people, with most based in Indonesia, but ACV also recently established Singapore and Malaysia offices. Fund V has already made five investments, including SkorLife , IDEAL and Atma. ACV recently hired Helen Wong as managing partner.

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SME lender Funding Societies raises $144M led by SoftBank Vision Fund 2, plus $150M in debt lines

TechCrunch

Small businesses are the backbone of Southeast Asia’s economy, but many struggle to secure working capital loans because they don’t have traditional credit records or collateral, say the founders of Funding Societies. The company was founded in 2015 by Kelvin Teo and Reynold Wijaya after they met in Harvard Business School.

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inFeedo gets $12M to help employers find out how their workforce really feels

TechCrunch

Employee sentiment can be hard to gauge, even at smaller businesses. In total, Amber is used by 30,000 employees in Singapore, Malaysia, Indonesia and the Philippines. This can lead to burnout and attrition, when managers least expect it. Amber, inFeedo’s chatbot. Tiket.com, Mediacom, Sunlife, BukuWarung and Aboitiz.

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Here are the 8 startups graduating from Chinaccelerator’s third class

The Next Web

. “Especially in China, social media is really changing the way business is done,” founder Michael Michelini said. ” Even in closed beta, Weibo Agent has attracted the eye of supply chain and logistics companies, e-commerce businesses and the entertainment industry. “Weibo profiles are becoming like Chinese IDs.”

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Indonesia’s IDEAL takes the pain out of applying for mortgages

TechCrunch

With that in mind, Indonesia has one of the lowest credit to GDP ratios in the region, signifying that there is a lot of economic value potential that can be unlocked. Surjaudaja says Pinhome’s business model is more property-centric, providing an end-to-end solution related to property from home discovery to home financing.