Southeast Asia’s fintech funding plunges by 44 per cent in Q1 2024 amid dynamic ecosystem
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by Anisa Menur
44m ago
SaaS-based market intelligence platform Tracxn recently unveiled its Geo Quarterly Report: SEA FinTech Q1 2024, shedding light on the Southeast Asia (SEA) fintech landscape. Despite the region’s dynamic ecosystem, Q1 2024 witnessed a notable decline in funding, amounting to US$530 million, marking a 44 per cent decrease from the previous quarter and a 13 per cent dip compared to last year. The downturn primarily stemmed from a substantial drop in late-stage funding, which plummeted by 64 per cent from Q4 2023 to Q1 2024. Conversely, early-stage investments surged, reaching US$240 million, ref ..read more
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Mobile cafe startup Jago raises US$6M to deliver affordable coffee across Jakarta
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by Manisha Maity
44m ago
Jago, an Indonesia-based mobile cafe startup, has secured a US$6 million Series A round of funding led by Intudo Ventures and BEENEXT Accelerate. ORZON Ventures and D Global Ventures also participated. With new funding, Jago aims to expand its service, establish additional depots, and launch more carts while enhancing its technology stack. Currently covering seven per cent of Jakarta, the firm plans to extend its reach to 50 per cent of the city by 2024, using geospatial machine learning models for strategic expansion. The company intends to increase depots from three to 15 and carts from 300 ..read more
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Why the right framework creates impactful apps
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by Fedor Erofeev
44m ago
What makes a mobile application impactful? In our opinion, any digital product makes the most impact on someone’s life when it responds to their real-life needs. Yet, as the demands of our worlds are constantly changing, so too do people’s expectations of what a mobile application should do for them. Often, apps tethered to legacy frameworks and outdated UI development approaches can find it difficult to keep up with the ever-evolving consumer market. Therefore, mobile app providers might need to adapt to mobile development toolkits that have greater capabilities. While this leap t ..read more
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Investing for her future: Why women should take control of their finances
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by Cathy Tan
3h ago
Change is often said to be the only constant – and change is necessary to thrive. Yet, despite the evolving landscape of opportunities for wealth accumulation, many women are hesitant to engage in investing. The reasons are multifaceted, but one prevalent factor is the tendency to prioritise short-term financial obligations over long-term wealth-building strategies. For most women, investing does not even top one’s mind. Studies by popular financial brands like Fidelity have shown that women often prioritise other financial responsibilities over investing, such as saving for a luxurious weddi ..read more
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Decarbonising real estate: How Accacia’s AI platform is helping the industry go green
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by Leighton Cosseboom
3h ago
Accacia’s Co-Founder and CEO, Annu Talreja The real estate sector is responsible for nearly 40 per cent of global carbon emissions, the majority of which come from building operations and construction. The industry at large is under mounting pressure to meet increasingly stringent global climate goals. These include significant emission reductions to limit global warming to 1.5˚C above pre-industrial levels, necessitating drastic sector-wide changes. The push for net-zero emissions by 2050 has led to policies impacting real estate, such as higher carbon prices and tougher building standards ..read more
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Ecosystem Roundup: On rekindling creativity after failure | Staple raises US$4M | Nibertex secures funding
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by Anisa Menur
21h ago
Dear reader, When Storya closed its doors after a two-year journey, the founders were thrust into a whirlwind of emotions, a shared experience among entrepreneurs. Their trajectory swiftly shifted from grand aspirations to the sobering reality of practical constraints. The abrupt transition left them grappling with a sense of loss and uncertainty, a sentiment familiar to many who have poured their hearts into a venture only to see it falter. In the aftermath of the startup’s demise, CEO Paolo Danese confronted a creative impasse. The intensity of entrepreneurial endeavour had left his creativ ..read more
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WYZauto: Aiming to streamline the tyre industry in Southeast Asia
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by Sainul
21h ago
Louis Giraud – Founder & CEO @WYZauto Last week, the Thai online tyre marketplace for vehicle maintenance businesses, WYZauto, announced a US$2.25 million in a pre-Series A investment from Vynn Capital (lead), Vincent Lee (an early investor in Carsome), Oak Drive Ventures, and Kaya Founders. The three-year-old company plans to use the money to build the team and venture into other vehicle parts. In this interview, WYZauto Founder & CEO Louis Giraud discusses the business, marketing, USP, and more. Edited excerpts: How does WYZauto plan to utilise the US$2.25 million raised in the pre ..read more
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Expert tips for crafting an effective pitch deck from a seasoned early stage investor
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by Alexander Jarvis
1d ago
Many founders view the panacea to securing funding from VCs in the fundraising process as getting the first meeting; once they are in they will win! The reality in most scenarios is different, as what you do when you are in the room, and how you happened to get there –pitch deck– have already contributed to your odds. Let me quickly touch on two fallacies here to illustrate the preceding paragraph. Fallacy #1: I just need to get in the room What do you think is going to happen when you are in the hallowed ‘room’ and the VC is already not interested? Not much other than a more developed relati ..read more
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AI-powered Staple raises US$4M to streamline global document management
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by Manisha Maity
1d ago
Staple, a Singapore-based AI-driven document processing company, has secured US$4 million in a pre-Series A funding round led by Wavemaker Partners. The fresh funding will support Staple’s global market expansion, AI technology refinement, and expansion of its document processing solutions. As part of its expansion strategy, Staple aims to strengthen its presence in key markets to better address businesses’ document management needs. Founded in 2018, Staple offers a comprehensive platform that leverages AI to bridge the gap between physical documents and digital workflows. Also Read: Dee ..read more
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After failure, rekindling our creativity and finding balance
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by Paolo Danese
1d ago
When our startup Storya shut down after two years, we experienced the emotional whiplash familiar to many entrepreneurs. Our journey went from lofty dreams to pragmatic restraint almost overnight. We both found our creative engines stalled once the intensity of our startup ended. Praveen stopped drawing and writing stories. “It just feels like an emptiness,” he shared. I have struggled with writer’s block for years, and the pressures of running a startup as founder and CEO didn’t help. How do you reignite creative work after pouring your all into a project, only for it to fail? It’s a questio ..read more
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