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The regulatory hurdles holding back Malaysia’s drone industry

The country may have produced heavy hitters but government-related issues remain.

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Singapore tops, China drops as best startup ecosystem in Asia Pacific

Australia improved to second place, while India and Japan took the fourth and fifth spots, respectively.

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Indonesia’s regional digital gap narrows: East Ventures report

Cities and regencies in the Greater Jakarta area continued to top the digital competitiveness list, noted the report.

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Exclusive: South Korean fintech firm lists AI-driven ETF on NYSE

The listed income ETF tracks the performance of a portfolio diversified across 19 different asset types.

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IreneDAO creators bank on fan economy to power SocialFi dreams

We explore So-Col’s dreams of creating a world for superfans and The SandBox’s progress in building HK’s cultural hub in the metaverse.

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How Ajaib’s $100m banking bet plays into its super-app ambitions

In The Top Up this week, we look at Ajaib’s US$100 million digital banking bet and Stripe’s crypto push.

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Funding Societies, Carro announce investment into Indonesia’s Bank Index

Funding Societies said that the investment will support the company’s business strategy into neobanking.

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Australian ‘link-in-bio’ platform enters unicorn club after $110m raise

Linktree currently has more than 24 million users, and it facilitated 1.2 billion clicks to commerce-related websites last year.

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Dubai eyes crypto crown as SG opts for caution

Check out our top articles for the week.

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Small stakes, giant leaps?

We look at Carro and Modalku’s investment in Bank Index and check out Aera VC’s new capital for its climate-focused fund.

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Exclusive: Modalku, Carro invest in Indonesia’s Bank Index, sources say

Modalku joins a growing list of Indonesian startups that recently made moves in digital banking.

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Meet the platform that’s encouraging digital and financial inclusion in Southeast Asia

It sounds counterintuitive to take file-sharing offline to improve digital inclusion. But that’s what Shareit is doing.

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Hong Kong-based online brokerage Futu posts 129% rise in quarterly revenue

Futu’s quarterly revenue reached US$203.1 million, driven by its brokerage income which saw a 95% rise in its earnings.

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Australian HR startup secures $100m funding at $1.5b valuation

Culture Amp is currently being used by more than 4,000 clients, including big companies such as Salesforce, Unilever, and PricewaterhouseCoopers.

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S’pore drops one spot in Global Fintech Rankings, remains top fintech country in APAC

As for city rankings, Singapore is in second place behind Hong Kong in the region.

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Tencent-backed Niyo acquires personal finance platform

The Indian neobank has acquired Index, a startup backed by VC accelerator SOSV Investments.

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Tokopedia, PatSnap among 8 fastest-growing firms by revenue in Southeast Asia

The Asia Pacific Technology Fast 500 lists companies based on their percentage of fiscal year revenue growth over three years.

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Covid-19 has equalized digital competitiveness across Indonesia’s provinces, says East Ventures report

The East Ventures report also noted that Indonesia reached a 73% internet penetration rate across 34 provinces and 25 major cities.

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