Carlos, Hsiang-Yu Wang

End of quarter message from our Chairman and Co-Founder Jason Christian Gaguan, some key notes from Q2: 1. First Half 2024 booked revenues surpassed 2023 total year revenues by +27%. 2. Launch of Agile Builder, transition to SaaS model, currently with a monthly recurring revenue of PHP1.4M from full year subscriptions. 3. GCash integration into ecosystem delayed to Q3 2024, from planned Q2. 4. Q3 is focused on client acquisition on the subscription service, target to onboard 20 new clients. Growth continued for the first half, some hiccups and delays were encountered, but still pushing through strong to provide fast, reliable and cost efficient market data. On to the next half of 2024!

2

We’re digging the news so you don’t have to. What’s going on in Southeast Asia's startup ecosystem this week?👇 Paywatch, a provider of earned wage access (EWA) services, has obtained USD 30 million through a combination of equity investments and credit facilities to support its expansion efforts. ------ ✉️ For weekly venture capital news, insights, and knowledge, subscribe at a2dventures.com/guide ------ Ai Palette, a tech startup based in Singapore, focuses on utilizing artificial intelligence and machine learning to assist consumer packaged goods (CPG) companies in product development. The company has secured an additional USD 1.45 million in its Series A1 funding round from Innoven Capital SEA. PT Global Digital Niaga, the parent company of e-commerce platform Blibli.com, and online travel agency tiket.com, has purchased a 99.83% ownership in the home decor startup Dekoruma for USD 70.7 million. Carro, a Singaporean platform for buying and selling used cars, has secured a USD 55.4 million multi-currency loan from HSBC to finance its financial technology subsidiary, Genie Financial Services. Food Empire Holdings, a Singapore-headquartered multinational food and beverage group, has secured USD 40 million from private equity fund Ikhlas Capital. The investment will be directed towards a special purpose vehicle (SPV) fully owned by the company, which will manage or have the option to manage a portfolio of business operations in Southeast Asia and South Asia. k-ID, a startup based in Singapore, offering a cross-platform instant sign-on solution designed for children and teenagers, has disclosed a Series A funding round totaling USD 45 million. The funding was jointly led by Andreessen Horowitz (a16z) and Lightspeed. Pawprints Indonesia, a company based in Singapore focusing on biologically optimal and allergy-friendly pet nutrition, has extended its seed funding round. The extension is led by Asia Fund X (AFX), supported by MSW Ventures, and anchored by Pavilion Capital. Opilot, a startup headquartered in Singapore that specializes in artificial intelligence and focuses on data privacy and protection, has secured an undisclosed amount of pre-seed funding from Iterative. Canterly, a startup developing a platform for equestrian businesses, has secured pre-seed funding from early-stage investor Antler. Mekari, a SaaS company based in Indonesia, has announced its acquisition of Jojonomic - The Future of Work to grow its business and network within the country's islands. Ascend Money, a fintech company originating from Thailand has received a $195 million investment from MUFG. ------ 💡 Follow A2D Ventures for more weekly updates 🚀 Discover early-stage startups across Southeast Asia at a2dventures.com/register ------ #startup #funding #vc #business #venturecapital #founders #fundraising #startups #southeastasia #entrepreneurship #entrepreneur #founder

28

In the ever-evolving landscape of technology, business development plays a pivotal role in driving innovation and growth for tech startups. In this blog post, we’ll explore key strategies that can propel your startup forward. #BizDev #Partnership #VietnamIT #BizDevInt #DigitalTransformation #Outsourcing #Investment

1

9 HR transformation companies that are helping companies enter the new era: Deel, G-P, Jobstreet Singapore, Employment Hero, Multiplier, Remote, Bossjob, NodeFlair - Tech Salaries, Jobs & more, Darwinbox. Hybrid work models are on the rise, transforming HR strategies. Discover how innovative HR companies are shaping the future of work, and get a sneak peek into what to expect at Echelon X! #FutureOfWork #HRInnovation #EchelonX https://lnkd.in/eMU4i_Fq

8

2 out of 3 businesses fail to find the best IT talent in Hong Kong primarily because of a major factor: ✅ Limited pool of qualified candidates ✅ High demand for tech professionals ✅ Outdated recruitment practices & more. The tech industry's rapid growth with advance technologies outpaces the supply of skilled workers, making it challenging for businesses to attract top talent. 🌟 Partner-up with Boyang to efficient IT Recruitment support even for hard-to-find roles. To learn best about tech recruitment check out these blogs:https://lnkd.in/d7eUnbYy #BCS #Boyang #TechRecruitment #Hiring #TechTalent #HongKong #TalentAcquisition

3

mathilda® X Socially Responsible Hiring Hear what people have to say about #SociallyResponsibleHiring. Thank you Mark Andrew Yap for sharing your thoughts. #mathilda® #SociallyResponsibleHiring #HiringAutomation #Recruitment #HR #HumanResourcesManagement #Business #Hiring #Recruiting #JobSearch #Leadership #Career #Employment #HRManagement #Staffing #Careers #Recruiter

3

Hey SME owners and HR managers in Hong Kong, learn about ADW with our blog article! #business #payroll #leave #adw #hrtech #hongkong

4

Garena is a digital services company that engages in gaming, eSports, eCommerce, and digital finance, primarily in Southeast Asia and Taiwan. It was founded in Singapore in 2009 by Forrest Li, and it quickly became popular for its online gaming platform, Garena+. The platform offered a wide range of free-to-play games and integrated social features, allowing gamers to chat, voice chat, and easily join games with friends. Garena's initial success can be attributed to its focus on the rapidly growing gaming market in Southeast Asia, where access to gaming content and platforms was limited at the time. By providing a seamless gaming experience and a variety of localized content, Garena quickly gained a large user base. In terms of downloads and success rate at the start, Garena experienced rapid growth. I don't have the exact number of downloads or the success rate from the early days, but the company's expansion into multiple markets and its ability to attract millions of users highlights its initial success and popularity. #snsinstitutions #snsdesignthinkers #designthinking

8

Download the “StartX” App and Submit your business projects! 🚀 #StartX #DownloadApp #funding #Startups #founders #investors #TheXchange #FinanceReady # #advisory

1

Nodeflair's (Iterative S22) annual Asia Tech Salary 2024 Report was launched recently - congrats Adrian Goh Jun Wei, Ethan Ang, and the team! Here's an excerpt below: you can easily see the comparison of salaries for software engineers across SEA. Last year's report was downloaded >10,000 times, and appeared on The Vulcan Post, The Straits Times and more. According to Nodeflair, many clients and candidates use it to benchmark their salary expectations. NodeFlair - Tech Salaries, Jobs & more is a career transparency platform with verified career data, including salaries, culture, benefits, & more. Their mission is to help tech talents make better career decisions. Download the report here: https://lnkd.in/gc4YkCvP

32

4 Comments

We share the 5 best free resources for startups in Singapore and how startups can utilize them in order to scale.

8

Looking to expand your team to Thailand? Our latest blog post, "An Employer's Guide to Managing Expats in Thailand," has everything you need! Discover the ins and outs of Thailand's business culture, visa requirements, salary considerations, and healthcare options to ensure a seamless transition for your expat workforce. Read now 👉https://lnkd.in/dCKCY5GB #ExpatGuide series #ExpatManagement #EmployerResources #GlobalWorkforce #BusinessAbroad #HRInsights

10

Are you among the 28% of Thai businesses seeking to expand their workforce this year? Maybe the skills you are hiring for are changing - 53% of business leaders are expanding into new markets requiring new skills. Introducing RaaS (Recruitment-as-a-Service), a tailored solution to evolving hiring needs. JacksonGrant’s RaaS offers a holistic talent acquisition strategy personalised to your requirements. Our RaaS solution delivers: ✔️ 50%+ savings on existing recruitment support ✔️ Less than 20 days time-to-fill ✔️ Over 85% stick rates Find out more: https://soamp.li/lr1C #RaaS #recruitment #thailand #manufacturing #supplychain

20