Amid several unsuccessful ventures, Singtel is looking to make strategic investments in a variety of startups as part of its “strategic reset.”

Kredivo CEO Umang Rustagi said the funds will help the company reach its target of 10 million users in the country.

Singapore tech group valued at USD 140 billion launches e-commerce in Chile and Colombia.

The number of crypto investors in Indonesia now exceeds its 2.2 million stock traders, per data released in March by the Indonesian Stock Exchange.

Open banking initiatives benefit “embedded fintech” solutions that are set to grow into a USD 3.6 trillion market, according to Bain Capital.

The beauty-focused social commerce platform has over 4,500 active resellers that carry beauty products, mostly from Japan and Korea, for Indonesian customers.

Besides Carro, Malaysia’s Carsome is reportedly raising new funding that will lead to a USD 1 billion valuation.

Southeast Asian startups raised a total of USD 8.2 billion in 2020, down 7% from USD 8.79 billion in 2019, with 80% of the exits being mergers or acquisitions.