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Why the rise of Singapore s tech giant Sea has been a hot topic

Why the rise of Singapore’s tech giant Sea has been a hot topic Illustration: Huy Truong The term unicorn , used to describe start-ups worth more than US$1 billion, had not even been coined in 2009, when Stanford MBA graduate Forrest Li began working on his new gaming company with nearly a dozen employees - all cramped in a tiny shophouse in Singapore s central business district. Garena, his fledgling gaming company, kept a low-key profile, though its almost immediate success meant investment rounds and expansion plans came thick and fast. Soon Garena outgrew its small outfit on Maxwell Road, then a move to a two-storey penthouse office beckoned.

United statesNational university of singaporeSingapore generalKrung thep mahanakhonZhou junjieWang yanboForrest liTan yinglanThuy truongLi jiangganJason davisChina alibaba groupYork stock exchangeChina morning post sea groupSea groupBusiness school

CrediBook gets $1 5 million to help Indonesian retail wholesalers digitize their finances – TechCrunch

CrediBook gets $1.5 million to help Indonesian retail wholesalers digitize their finances CrediBook, a startup that helps Indonesian retail wholesalers digitize the financial side of their operations, has raised $1.5 million in pre-Series A funding led by Wavemaker Partners, with participation from Alpha JWC Ventures and Insignia Ventures Partners. The capital will be used for product launches and expansion into more Indonesian cities. Founded in February 2020, CrediBook is part of a wave of startups focused on digitizing small- to medium-sized businesses in Indonesia. SMEs contribute more than 60% of the country’s gross domestic product, but many still use traditional bookkeeping systems like paper ledgers. Digitizing them makes it easier for them to use services like online invoicing and payments, and keep financial records to apply for working capital loans.

Jawa baratTel avivGabriel fransWavemaker partnersInsignia venturesஜவ பாரத்தொலைபேசி அவிவ்கேப்ரியல் ஃப்ர்யாந்ஸ்சின்னம் முயற்சிகள்

CrediBook gets $1 5 million to help Indonesian retail wholesalers digitize their finances

CrediBook gets $1 5 million to help Indonesian retail wholesalers digitize their finances
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Jawa baratTel avivGabriel fransWavemaker partnersInsignia venturesஜவ பாரத்தொலைபேசி அவிவ்கேப்ரியல் ஃப்ர்யாந்ஸ்சின்னம் முயற்சிகள்

Indonesian investment platform Ajaib gets $25 million Series A led by Horizons Venture and Alpha JWC – TechCrunch

Indonesian investment platform Ajaib gets $25 million Series A led by Horizons Venture and Alpha JWC Ajaib Group, an online investment platform that says it now runs the fifth-largest stock brokerage in Indonesia by number of trades, announced it has raised a $25 million Series A led by Horizons Ventures, the venture capital firm founded by Li Ka-Shing, and Alpha JWC. Returning investors SoftBank Ventures Asia, Insignia Ventures and Y Combinator also participated in the round, which was made in two closes. Founded in 2019 by chief executive officer Anderson Sumarli and chief operating officer Yada Piyajomkwan, Ajaib Group focuses on millennials and first-time investors, and currently claims one million monthly users. It has now raised a total of $27 million, including a $2 million seed round in 2019.

United statesJawa tengahLi ka shingAjaib sekuritasAnderson sumarliAjaib reksadanaYada piyajomkwanAjaib group seriesAjaib groupIndonesia stock exchangeHorizons venturesSoftbank ventures asiaInsignia venturesSequoia capital indiaSoutheast asianSoutheast asia

Li Ka-shing s Horizons Ventures leads funding round in operator of Indonesia s fifth-largest stock brokerage

Li Ka-shing’s Horizons Ventures leads funding round in operator of Indonesia’s fifth-largest stock brokerage Ajaib has hired South Korean actor Kim Seon-ho as a brand ambassador. Photo: Twitter Hong Kong tycoon Li Ka-shing s Horizons Ventures has led a US$25 million funding round in Ajaib Group, an online investment platform that runs the fifth-largest stock brokerage in Indonesia. Ajaib was founded in 2019 and its brokerage arm Ajaib Sekuritas has emerged as Indonesia s fifth-largest based on the number of trades following its launch in June 2020. It has facilitated more than 10 billion lots of stock transactions on the platform. The company, which serves more than a million users every month on average, also operates Ajaib Reksadana, an online mutual funds platform.

Hong kongSouth koreaJawa tengahSouth koreanJefrey joeAjaib sekuritasAnderson sumarliFrances kangAjaib reksadanaAjaib mentorinvestasiAjaib groupSouth china morning postHorizons in ajaib groupChina morning post publishers ltdKim seon hoHorizons ventures