Fintech

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.

Amartha has served more than 661,000 women micro-entrepreneurs in Indonesia’s rural communities.

GyanDhan has helped disburse INR 800 crore (USD 107 million) to more than 2,800 students seeking loans to study abroad.

The platforms took a wait-and-see attitude, rather than actively addressing their problems.