Fintech

The company plans to take its business and services to nearby Southeast Asian countries.

OVO will raise funding in 2020, and it will focus on expanding into lending, online investing, and digital insurance services.

One97 posted a loss of USD 552.1 million for FY19, up 165.5% from USD 207.9 million reported in FY 2018.

About 79% of transactions in Vietnam are still cash-based.

TWID claims, reward points worth over USD 2 billion go unused by users in India.

The firm is not alone in seeking opportunities in the country’s fast-growing mobile internet sector.

Half of the aided users are under 40 years old.

While Indonesian fintech is close to experiencing an inflection point, Convergence Ventures still sees plenty of opportunities in this sector.