Asia’s tech news #141: Indonesian agri-tech, Australian fintech, Korean IP…
In this issue: An overview of Indonesia’s agri-technology sector, a map of the Australian fintech ecosystem, South Korea’s concerns over poached technology and engineering knowledge, earning interest on your crypto holdings with Pillow…
Indonesia: “…agritech sector is currently underpenetrated and has low valuations…” — asia.nikkei.com
Among other agritech startups that have secured funding in the archipelago, TaniHub made headlines last year when it raised $65.5 million in its Series B round led by MDI Ventures. More recently, Segari…
FinTech Australia Ecosystem Map now online, and seeks listings from fintech and banking tech firms — www.fintechaustralia.org.au
FinTech Australia has launched a third resource for the sector, releasing a new map detailing fintechs in the local ecosystem.
Australia: Instant gains $2.2M pre-seed, providing one-click online store checkout system — www.businessinsider.com.au
Brisbane-based e-commerce startup Instant has pocketed $2.2 million in pre-seed funding, setting a new Australian record.
South Korea: Gov’t to create database of chip engineers in bid to beat poaching of knowledge — asia.nikkei.com
SEOUL — South Korea will create a database of chip engineers to monitor their travel in and out of the country in a bid to discourage poaching by Chi
Indonesia: Bidanku app developed by Halodoc health tech platform, helping midwives and new mothers — kr-asia.com
Halodoc’s Bidanku leverages AI to empower and support midwives and mothers in rural Indonesia. Midwives offer crucial support for women of all ages.
Indonesia: Endeavor Indonesia unveils 10 startups selected for 2nd cohort of ScaleUp Growth program — www.techinasia.com
The three-month accelerator program is non-dilutive and targets firms that are in the growth stage and looking for funding beyond series A. Participants gain access to resources, industry leaders…
India: Country to launch digital version of rupee, alongside 30% tax on income from digital assets — www.bbc.com
It is the latest major economy to announce its own virtual currency, as China trials the digital yuan.
South Korea: Showcase for Tech Incubator Program for Startup set for February 16–17 — koreatechdesk.com
Organized by Korea Business Angels Association for TIPS (Tech Incubator Program for Startup) selected startups, the program aims to prepare domestic startups for overseas expansion through…
Singapore: Pillow raises $3M with defi community allowing users to earn interest on crypto held — www.taiwannews.com.tw
Pillow’s platform helps generate downside-protected interest on crypto assets by investing in curated, actively managed DeFi strategies created by the team. It takes away the complexity of DeFi as…
Facebook Diem project unravels; “to sell its assets to Silvergate Capital Corp for about $200M” — www.bloomberg.com
The ambitious project to create global, stable digital currencies, which Zuckerberg’s Meta Platforms Inc. launched along with a set of partners in 2019, had unraveled after constant regulatory scrutiny…
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