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…”

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
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
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
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
Halodoc’s Bidanku leverages AI to empower and support midwives and mothers in rural Indonesia. Midwives offer crucial support for women of all ages.

Cisco Global Problem Solver Challenge 2022 / Applications now open

Indonesia: Endeavor Indonesia unveils 10 startups selected for 2nd cohort of ScaleUp Growth

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
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–

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

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”

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…

KPMG: Overview of Fintech Development in Central Asia (pdf download)

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WK Wright

All things tech, startup & funding: Short form for the time-poor at Startup News Asia