Fintech

Even before the investment, Gojek and Telkomsel have been working together for some time.

Joe McGuire is the founder of MyMy, a company bidding for one of five digital banking licenses that Malaysia will provide in Q1 2022.

The firm counted 19.2 million paying customers at the end of 2020.

Despite a pandemic-induced drop in overseas workers, remittances from Filipinos abroad reached USD 33.2 billion in 2020, nearly unchanged from a year earlier.

The company has disbursed over SGD 850 million in loans for SMEs across Southeast Asia so far.

While Vietnam’s e-wallet providers are burning money, the Philippines have shown that telcos can be successful contenders in the space.

India added 12 unicorns from January to April. Four of these firms operate in the B2B sector, and more will follow.

Investment apps like Ajaib and Pluang have already collected tens of millions of venture funds this year.