The Echelon X fireside chat titled ‘The Evolution of the Early Stage Investor: Tactics for Investors and Founders to Have a Productive Relationship to Drive Strong Outcomes’ delved into the minds of early-stage funders and founders, exploring the dynamics of their relationships.

The session offered an investor’s perspective on how these dynamics have changed over time in Southeast Asia (SEA) and how current relationships can be leveraged to build successful partnerships and long-term investments.

Moderated by Mohan Belani, Co-Founder and CEO of e27, the fireside chat featured Fandy Cendrajaya, Founding Partner of Kopital Ventures.

The conversation focused on the critical aspects of the investor-founder relationship, with particular emphasis on how these interactions have transformed over time. The discussion provided an investor’s perspective on the shifts in expectations, communication, and collaboration between the two parties. The session delved into the nuances of building trust, aligning goals, and navigating challenges together to create a strong, mutually beneficial partnership.

The fireside chat underscored the importance of a well-nurtured relationship between early-stage investors and founders in driving the success of startups in Southeast Asia. By embracing open communication, aligning goals, and remaining adaptable, both parties can build a strong foundation for a productive partnership.

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Fundraising or preparing your startup for fundraising? Build your investor network, search from 400+ SEA investors on e27, and get connected or get insights regarding fundraising. Try e27 Pro for free today.

The post Echelon X: Fandy Cendrajaya of Kopital Ventures on building successful investor-founder relationships appeared first on e27.

e27 has been nurturing a supportive ecosystem for entrepreneurs since its inception. Our Contributor Programme offers a platform for sharing unique insights.

As part of our ‘Contributor Spotlight’ series, we shine a spotlight on an outstanding contributor and dive into the vastness of their knowledge and expertise.

In this episode, we feature Digital Strategist Felicia Theodorus. With over 10 years of marketing experience, she brings expertise in Singapore and Indonesian business law. Felicia has managed corporate marketing, created content, and built brands, with customer relations skills that boost company profits.

Thoughts, goals, and journey

Theodorus’s journey in the fintech industry began with an interest in revolutionising financial services through technology. She was drawn to fintech’s potential to make transactions more accessible and efficient. Her early experiences with B2B and B2C payment solutions, as well as mobile payment apps, solidified her passion and deepened her understanding of the industry’s complexities and impact.

Looking ahead, she seeks to contribute to the development and implementation of cutting-edge payment technologies that bridge traditional financial services with modern digital solutions. Particularly interested in exploring new markets and expanding fintech’s reach to underserved communities, she is committed to ensuring financial technology is inclusive.

On a personal level, Theodorus focuses on deepening her knowledge of emerging trends such as blockchain and AI-driven payment systems, believing that staying ahead of the curve is essential in this rapidly evolving industry.

She remarked, “I’m committed to maintaining a balance between my professional ambitions and personal growth, dedicating time to continuous learning and wellness to ensure that I remain resilient and innovative in the years to come”.

The driving force

Theodorus recently joined our contributor community and has been an exceptionally active member since joining last month. Her motivation to join stems from a deep desire to share insights and contribute to the dynamic conversation around technology, innovation, and entrepreneurship in Asia.

Also Read: Jeffrey Liu: Transforming fintech and democratising access to capital

“e27 has always been a platform that I respect for its dedication to fostering a vibrant tech ecosystem, and I saw this as an opportunity to give back to a community that has given me so much,” Theodorus said. “Becoming a contributor allows me to share my experiences and perspectives, particularly in fintech and digital payments, with a broader audience. I’m passionate about helping startups and entrepreneurs navigate the challenges of scaling in a rapidly changing industry.”

She added, “I’m motivated by the opportunity to connect with like-minded professionals and thought leaders through e27. It’s an incredible platform for collaboration and exchange, and I’m excited to be part of a community that’s shaping the future of technology in the region.”

Advice for budding thought leaders

Theodorus advises aspiring thought leaders and contributors that the journey is rewarding but demands a commitment to clear and impactful communication. Her key advice includes:

• Understand your audience: Knowing your audience’s values, needs, and challenges is crucial. Tailor your message to resonate with them for greater relevance and engagement.
• Be clear and concise: Prioritise clarity by avoiding jargon and using straightforward language, making your message more accessible and memorable.
• Develop a unique voice: Stand out by offering a unique perspective. Authenticity, driven by your personality and experiences, is key to connecting with your audience.
• Stay informed and curious: Stay on top of industry trends and cultivate a habit of continuous learning. This ensures your content is enriched with fresh insights.
• Practice active listening: Listen actively to others, whether in conversations or while consuming content, and think about how you can add value to the discussion.
• Engage and interact: Thought leadership is about engagement as much as broadcasting ideas. Respond to feedback and participate in discussions to refine your ideas and build a stronger community.
• Be consistent: Regular contributions are vital for credibility. Develop a content schedule and stick to it to build trust with your audience.
• Embrace feedback and adapt: Be open to feedback and willing to evolve. Thought leadership involves continuous learning and adaptation, so don’t hesitate to refine your style or approach based on constructive criticism.

Juggling too many things?

Theodorus believes that balancing work, contributions, and personal life requires clear priorities and effective time management. She sets boundaries, uses productivity tools, and automates tasks to stay organised.

Also Read: Maggie Po: Balancing purpose and passion in the evolving startup ecosystem

“Incorporating daily learning and self-care routines helps me grow while maintaining well-being,” she said. “I also delegate when possible and stay flexible, adjusting plans as needed to keep everything in harmony. This approach ensures I can manage my responsibilities while fostering both personal and professional growth.”

Staying in the loop

Theodorus relies on a multifaceted approach to stay updated in the fast-paced fintech industry, combining continuous learning, networking, and active engagement with industry-specific resources.

She recommends the following resources for staying informed about fintech:

Websites:

• Finextra
• TechCrunch (fintech section)
• Fintech Futures
• Crowdfund Insider

Reports:

• Deloitte Insights (Fintech)
• CB Insights (Fintech Reports)
• World Economic Forum (Fintech)
• Accenture (Fintech)

These resources offer up-to-date news, trends, and in-depth analysis in the fintech industry.

“I’d like to emphasise the importance of staying curious and adaptable in the ever-evolving fintech landscape,” Theodorus concluded. “The industry is continuously changing, driven by technological advancements and shifting consumer expectations. Embrace a mindset of lifelong learning and be open to exploring new trends and innovations.”

Take a look at her articles here for more information and perspectives on her expertise.

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Are you ready to join a vibrant community of entrepreneurs and industry experts? Do you have insights, experiences, and knowledge to share?

Join the e27 Contributor Programme and become a valuable voice in our ecosystem.

The post Felicia Theodorus: Staying ahead in the ever-evolving fintech landscape appeared first on e27.

Dear reader,

The recent analysis of Southeast Asia’s tech startup ecosystem underscores the region’s emergence as a powerhouse for innovation and investment. Over the past five years, healthtech, edutech, and blockchain technology have dominated funding trends, reflecting the region’s dynamic economic landscape.

Healthtech’s rise, particularly post-pandemic, highlights a significant shift towards digital health solutions, driven by increased early-stage investments and the demand for efficient healthcare delivery. Similarly, edutech saw a pandemic-driven surge, though its momentum has slowed since 2021 as the demand for remote learning solutions decreased.

Blockchain Technology, despite a dip in 2023, remains resilient with a notable recovery in 2024, underscoring the sector’s adaptability and ongoing relevance. This resilience is mirrored in the steady growth of energytech and the resurgence of the gaming sector, both gaining traction with renewed investor interest.

Southeast Asia’s tech landscape continues to evolve, marked by significant contributions from these sectors. As the region navigates post-pandemic realities and leverages its strengths, it is well-positioned to solidify its status as a global hub for technological innovation and investment, attracting global attention to its burgeoning startup ecosystem.

Sainul
Editor.

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NEWS & VIEWS

Healthtech, edutech dominated SEA’s funding scene in past 5 years: Tracxn
Insurtech, Blockchain, energy tech and gaming also gained significant momentum in terms of funding in the last five years.

Ovo’s future at stake as Grab pushes Superbank in Indonesia
Grab’s integration of the digital bank Superbank with its app in Indonesia, means Ovo – the e-wallet that Grab has a 90% stake in – will have to compete against the digital bank for transaction volume in Grab’s platform.

EDB commits US$25M to drive corporate-startup collaborations in Singapore
Corporates will work with EDB’s Open Innovation Partners to connect with high-quality startups and partner with them to achieve meaningful commercial outcomes.

Singapore’s Hatcher+, Australia’s Mandalay team up for agtech investment
The partnership seeks to accelerate the growth of startups focusing on solutions from ‘farm-to-fork’; This includes on-farm technologies, farm gate solutions, supply chain innovations, and point-of-sale advancements.

Fleet-tracking startup TransTRACK raises US$12M to expans into Singapore, Malaysia
The investors include Eurazeo, Cocoon Capital, and AppWorks; TransTrack offers an AI- and IoT-powered fleet management system, transportation management system, and truck appointment system for logistics companies.

Philippines launches roadmap to boost Metro Manila’s startup ecosystem
The SCALE NCR initiative aims to map out 17 cities across the NCR to identify opportunities for collaboration and support for startups, guiding the creation of a five-year Startup Development Roadmap for the region.

Cyber risk management startup Protos Labs lands US$2.3M investment
The investors include A2D Ventures, BEENEXT, VinaCapital, and Artem Ventures; Protos Labs is an AI-driven platform that enables enterprises and insurers to reduce cyber risk exposure better and underwrite and price cyber risks.

SurplusLoop attracts funding to streamline surplus asset management process
Antler is the backer; SurplusLoop uses predictive analytics to connect a network of companies and accurately value assets like equipment and machinery.

VinFast strives for first-mover advantage at Middle East’s nascent EV market
VinFast’s selection of the Middle East as one of its key markets is intriguing, considering the region’s historical dependence on fossil fuels and a track record not typically associated with environmental consciousness.

Elon Musk, Tesla win dismissal of lawsuit claiming they rigged dogecoin
A federal lawsuit accuses them of defrauding investors by hyping the cryptocurrency dogecoin and conducting insider trading, causing billions of dollars of losses.

Naver launches crypto wallet in partnership with Chiliz
In South Korea, more than 97,000 online and offline merchants use Naver Pay, a payment service that started its life on Naver’s e-commerce platform Naver Shopping.

FEATURES & INTERVIEWS

Driving the future of EV charging: Beep’s Kristoffer Soh on scaling and innovating across Southeast Asia
‘The main challenges for Beep are building credibility and trust, especially when expanding beyond our home base in Singapore’.

Empowering female entrepreneurs: MADCash develops a ‘unique’ approach to micro-funding
MADCash combines zero per cent micro-funding with entrepreneurship development for the women enterpreneurs that it serves.

Echelon X: Nurturing the next unicorn in Indonesia’s tech ecosystem
The Echelon X fireside chat provided a comprehensive look into the dynamic landscape of Indonesia’s tech startup scene.

6Estates CEO Huanbo Luan: Public sector plays a key role in nurturing AI ecosystem in Singapore
Supportive policies that promote AI adoption, development, and funding are crucial to strengthening companies’ ability to retain talent.

Echelon X: Growing beyond borders – Scaling opportunities and challenges outside local markets
The Echelon X panel provided insights into the opportunities and challenges faced by local businesses expanding internationally.

Kyrim eyes B2C market expansion with new solutions by 2025
Founded in 2023, Indonesia-based Kyrim is a fintech service specialising in spend management for corporate finance teams.

Jeffrey Liu: Transforming fintech and democratising access to capital
Liu aimed to innovate a financing product that empowers high-growth companies without the burden of constant fundraising or extensive due diligence.

Echelon X: Driving growth through innovative marketing – Insights from Asia’s experts
The Echelon X panel provided a look into the latest trends and best practices in digital marketing, social media engagement, customer acquisition, and brand building.

AI leapfrog: Paving the way for an AI-first tech ecosystem in the Philippines
While investors have shown interest in the Philippines, startups still struggle to secure the funding to develop their technologies.

Echelon X: Unlocking the potential of the Philippines in Southeast Asia’s growth story
The Echelon X panel provided insights into the untapped potential of the Philippines as a key player in the region’s economic growth and innovation.

THOUGHT LEADERSHIP

Server sanctuaries or net-zero derailers? Southeast Asia’s data centre dilemma
Data centre operators must prioritise cooling systems that handle heavy computing and AI, while maintaining efficiency and safeguarding hardware.

How blockchain can revolutionise ticketing without disrupting the user experience
We now have blockchain platforms that are more efficient, cost-effective, and, crucially, better integrated with existing payment methods.

Debunking myths: The truth about distributed workforces
As we challenge these myths, it becomes evident that distributed workforces are not only viable but also advantageous for modern businesses.

Mastering the craft: 5 essential tips for elevating your B2B marketing game
By treating marketing as a craft, you not only improve your skills but also deepen your connection to the work you do.

A step-by-step guide to protecting your time and energy: The art of pre-qualification
Learn to protect your time and energy by pre-qualifying people and opportunities, setting boundaries, and trusting your instincts for a more balanced life.

The art of balancing speed and sustainability in a fast-paced world
Balancing speed with sustainability has taught me that real success comes from combining quick progress with thoughtful, long-term impact.

5 reasons why energy management is key to individual and organisational success
The ability to manage your energy effectively can dramatically impact personal performance, leadership effectiveness, and organisational success!.

The 3 ways younger generations are boosting financial inclusion
Millennials and Gen Z are reshaping finance with their digital-first mindset, advancing global financial inclusion.

FROM THE ARCHIVES

YouApp helps users find their match using AI and astrology
Singapore-based YouApp aims to differentiate its matching capabilities by matching people for work, play, and dates.

Need an angel to back your early-stage startup? Here are 5 types of investors you should look for
Given that the startup ecosystems are fairly less mature than the US or Europe, the angel investing community tends to be less sophisticated and comes in very interesting shapes and sizes.

The essentials of mapping a customer journey across digital assets
For a digital platform, optimising the customer journey is the key to extracting the maximum value out of them.

The climate change and gender equality connection: How to support underfunded women-owned business
While there is a distinct relationship between gender inequality and climate change, investment mandates rarely combine both of these lenses.

Unlocking green fintech prosperity in Asia: Navigating the top 4 challenges
Despite the ongoing ‘funding winter’ faced by global startups, the trajectory of development for green fintech has shown strong momentum.

Navigating the AI landscape in 2024: Why there is an urgency for enhanced governance
There are two points that stand out in 2024, starting with how AI will experience a shift from a “nice-to-have” to “must-have”.

E-motorcycle adoption in Indonesia: How to tap into this US$19.2B opportunity
In 2022, there were already 25,782 e-motorcycles in Indonesia, with more than 1,500 swapping stations available per Q1 2023.

Will digital banks take off in the Philippines?
Technology is now turning the Philippine’s unbanked population into a viable demographic with enormous potential for financial institutions.

AI in journalism: Thai media show a 95 per cent adaptation rate despite concerns about overreliance
A contrasting attitude was expressed by journalists in the Philippines with only 52 per cent have integrated AI into their work.

Infrastructure, talents are some of the challenges finance industry faces in adopting AI: Provenir
Despite increasing use cases, Provenir sees that there are challenges that the finance industry has to tackle to successfully adopt AI.

Using AI on e-commerce analytics: Data quality, availability remain critical obstacles
Data accuracy, cleanliness, and consistency are essential for building reliable AI models for e-commerce analytics.

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The post Ecosystem Roundup: Healthtech, edutech rule the roost in SEA | EDB pledges US$25M to boost corporate-startup collaborations appeared first on e27.

Cento Ventures, in a recent report, stated that though investment flow has slowed, the Philippines saw increased activity from local conglomerates and multiple capital-intensive business models.

“The Philippines market has seen a surge of activity from multiple local conglomerates and the emergence of multiple capital-intensive business models, mirroring Indonesia’s trajectory in 2017-2019. These developments, however, are meeting with the near absence of later-stage capital to power them further,” the report explained.

Investing in startups in the Philippines has become increasingly attractive due to the country’s rapidly growing economy and youthful, tech-savvy population. With one of the youngest populations in Southeast Asia, the Philippines offers a large pool of emerging talent eager to innovate and disrupt traditional industries. This demographic trend, combined with the country’s rising middle class, has led to a surge in consumer demand for digital services, creating fertile ground for startups across various sectors, including fintech, e-commerce, and health tech.

Moreover, the Philippine government’s supportive policies and initiatives to foster entrepreneurship have further bolstered investor confidence. Programmes such as the Philippine Startup Development Program and the Innovative Startup Act offer incentives such as tax breaks and grants to startups and their investors. Additionally, the country’s improving infrastructure, particularly internet connectivity and mobile penetration, provides a solid foundation for tech-driven businesses to thrive.

Also Read: A fundraising guide for your crypto project

The Philippines is also strategically positioned as a gateway to the larger Southeast Asian market. Investors recognise the advantage of backing startups that can expand beyond the Philippines into neighbouring countries, leveraging the regional similarities in culture and consumer behaviour.

This regional scalability, combined with the relatively lower operational costs in the Philippines compared to more established startup hubs like Singapore, makes investing in Filipino startups appealing.

Founders seizing opportunities in the Philippines

So how can startup founders in the Philippines tap into this opportunity and score promising collaborations with investors? What opportunities are available for them to seize?

Find the answers at Echelon Philippines 2024! Join us on September 26-27 at the SMX Convention Center Manila for the panel discussion “Navigating the Funding Maze: Exploring Startup Funding Options for Filipino Founders.”

In partnership with Brainsparks, this event will give Filipino founders a unique chance to hear from industry leaders about the various funding opportunities available in the local ecosystem. Joan Yao, Vice President of Kickstart Ventures, will moderate the panel, ensuring a well-rounded and engaging discussion.

Also Read: Do you need to rethink your startup fundraising strategy?

The panel features an impressive lineup of speakers, including Paulo Campos III, Founding Managing General Partner of Kaya Founders, John Aguilar, Founder and Host of The Final Pitch, and Ankit Upadhyay, Founder & General Partner of A2D Ventures.

These experts will share their experiences and insights, offering practical advice on navigating the complex funding landscape in the Philippines. Whether you’re a startup founder looking for your next funding round or simply interested in learning more about the startup ecosystem, this discussion is a must-attend event at Echelon Philippines 2024. Find out more about it here.

The post Mastering the funding maze: Unlocking financing pathways for founders in the Philippines appeared first on e27.

Singapore-based student-led VC fund Protégé Ventures (PV) has invested S$25,000 (US$19,000) in rocket propulsion and space launch startup Equatorial Space Systems (ESS).

Founded in 2017 by National University of Singapore alumni Simon Gwozdz and Praveen Ganapathi Perumal, ESS provides space access at reduced risk, cost, and environmental impact. In December 2020, the startup successfully launched a commercially built prototype rocket test flight from Malaysia, and it will begin orbital launch services in 2026.

Also Read: Protégé Ventures backs food order, delivery automation startup ZOLO

ESS’s patent-pending eco-friendly technology is a fuel formulation known as “HRF-1” that can eliminate up to 90 per cent of costs and 69 per cent of greenhouse gas emissions compared to traditional liquid propulsion systems. HRF-1 is manufactured in Singapore and is a safer option than other fuel formulations because of its non-explosive nature, which means it can be stored and transported safely.

In December 2020, ESS launched a Low Altitude Demonstrator prototype space rocket from Malaysia. In 2022, ESS created a rocket that was launched in Tamil Nadu by Indian aerospace company Space Zone India.

Established in 2017 by the Singapore Management University (SMU) ‘s Institute of Innovation & Entrepreneurship (IIE), Protégé Ventures is a nationwide training programme and student VC fund. The programme aims to nurture the next generation of venture capitalists and tech and entrepreneurial leaders, empowering youth to fund the future they believe in.

PV has invested over S$300,000 in 12 student startups since its launch. This is its 12th investment in a student-founded startup and the first investment from its second fund, PV Fund II.

Also Read: Protégé Ventures launches Fund II to support student-led startups in Singapore

Launched in September 2023, PV Fund II is a sector-agnostic fund with a S$500,000 corpus and was contributed by David Su, Founding Managing Partner of Matrix Partners China (MPCi).

Student-led startups who are interested in seeking investments from PV can visit here.

The post Protégé Ventures invests in rocket propulsion, space launch startup ESS appeared first on e27.

Echelon Philippines 2024 is a premier tech event in the Southeast Asian startup scene. Happening on September 26-27 at the SMX Convention Center Manila, this gathering is designed to bring together entrepreneurs, investors, and industry leaders to drive innovation and growth in the tech sector. With a robust lineup of speakers, workshops, and networking opportunities, the event aims to accelerate the development of local startups and enhance their visibility on the global stage.

The event provides a dynamic environment for knowledge exchange, where participants can engage in meaningful discussions and gain insights into the latest trends and challenges in the tech industry. Beyond just networking, Echelon Philippines 2024 offers opportunities for collaboration, allowing startups to connect with potential investors, mentors, and partners who can help accelerate their growth. The event also emphasises the importance of scaling, with a focus on strategies to take local innovations to a global audience. By fostering these connections, Echelon aims to position the Philippines as a leading hub for technology and entrepreneurship in Southeast Asia.

Also read: OceanBase INFINITY: Empowering Indonesia’s digital economy

Among the event’s highlights, a dynamic group of startups, corporates, and investors will also be exhibiting their groundbreaking solutions, showcasing the dynamic innovation within the Philippines. Get to know the first 12 exhibitors who will be showcasing their innovations at Echelon Philippines!

Meet 12 of the Echelon Philippines exhibitors

• Secuna

Secuna is the Philippines’ first and only vulnerability coordination platform, dedicated to bolstering the security infrastructure of organisations. By enabling cybersecurity professionals to collaborate and manually identify vulnerabilities, Secuna plays a crucial role in preventing potential threats before they can be exploited by malicious actors. This proactive approach helps businesses stay ahead of cyber threats, ensuring their systems and data remain secure.

• XFLO

XFLO is a B2B SaaS company specialising in AI-powered workflow automation, offering businesses a powerful tool to enhance efficiency. Their platform integrates large language models (LLMs) and third-party applications, allowing for the creation of customisable, automated workflows that streamline various processes. By automating data processing and other critical tasks, XFLO enables companies to increase productivity, reduce errors, and stay competitive in their respective industries.

• Brankas

Brankas provides cutting-edge open finance technology that facilitates digital transformation for financial institutions and tech companies across Southeast Asia. Their APIs support a wide range of financial services, including instant payments, credit scoring, and bank account opening, which are crucial for increasing financial inclusion, particularly in emerging markets. Brankas’ solutions empower businesses to launch new financial products quickly, contributing to greater accessibility and innovation in the finance sector.

• Founders Launchpad

Founders Launchpad is a dynamic early-stage startup accelerator that provides more than just funding—it offers comprehensive operational support and expert mentorship. By working closely with high-potential startups, the accelerator helps them overcome initial challenges and scale their businesses effectively. Founders Launchpad’s industry-agnostic approach means it nurtures innovation across a wide range of sectors, making it a vital player in the startup ecosystem.

• Plug and Play

Plug and Play is a global innovation platform with a mission to accelerate technological advancement by connecting startups with the resources they need to succeed. With a presence in over 50 locations worldwide, Plug and Play provides accelerator programs, corporate innovation services, and venture capital support. Their extensive network of corporate partners and investors has made them a cornerstone of the global startup ecosystem, helping companies scale from Silicon Valley to markets around the world.

• Zoho

Zoho Corporation is a global leader in software development, offering a suite of over 55 applications across key business functions such as sales, marketing, and customer support. Unlike many tech giants, Zoho operates without an ad-revenue model, focusing instead on privacy and user empowerment. With more than 100 million users worldwide, Zoho continues to revolutionise how businesses operate, providing tools that are both powerful and user-centric.

• Smile API

Smile API is a revolutionary platform that streamlines access to verified data sources, playing a critical role in industries where data accuracy and reliability are paramount. Their suite of APIs allows businesses to retrieve and validate user information in real time, significantly reducing the risk of fraud and enhancing decision-making processes. By integrating data from government databases, gig economy platforms, and more, Smile API provides a comprehensive solution for secure and efficient data management.

• InsightGenie

InsightGenie harnesses the power of AI, data analytics, and behavioural science to revolutionise decision-making processes across various industries. Their platform is designed to provide organisations with tailored, data-driven insights that enhance efficiency and effectiveness in operations. Whether in finance, healthcare, or other sectors, InsightGenie’s solutions are customised to meet the unique needs of each client, enabling smarter, more informed decisions that drive business success.

• BuildHub

BuildHub is an innovative online B2B construction marketplace that bridges the gap between hardware stores and suppliers in the Philippines. The platform streamlines the construction value chain by simplifying the processes of product canvassing, procurement, and delivery. By addressing challenges in fulfilment and financing, BuildHub facilitates smoother transactions and stronger connections within the construction industry, paving the way for more efficient and collaborative project management.

• A2D Ventures

A2D Ventures is committed to democratising venture capital across Southeast Asia, enabling broader access to early-stage startups to create positive social impact. By supporting job creation, promoting inclusion, and fostering sustainable growth, we empower individuals and communities. Our participation in Echelon Philippines aligns with our mission to support Filipino entrepreneurs and startups that embody these values, driving a more inclusive entrepreneurial landscape.

• KwikCare

KwikCare provides affordable, monthly-billed HMO plans tailored for individuals and small groups, ensuring accessible health coverage. Our comprehensive plans include check-ups, tests, hospitalisations, and emergency care, offering peace of mind at a competitive price. We aim to make essential healthcare services more accessible to a broader audience.

• Gateway of Asia

Gateway of Asia is dedicated to forming exceptional partnerships by meticulously addressing every detail essential for your business success. We offer tailored solutions in Accounting, Tax, Regulatory Compliance, Singapore Incorporation, and Corporate Secretarial Services, ensuring your business reaches its full potential. With us, you’re not just working with a service provider; you’re partnering with a team that shares your vision for extraordinary achievements.

Meet these 12 organisations at Echelon Philippines!

At Echelon Philippines, these exciting and diverse organisations will be joined by key leaders, visionary entrepreneurs, and innovative startups from across the region. They will converge for an action-packed two-day event on September 26-27 at Level 2, SMX Convention.

Also read: Unlock the secrets to IP success at IP Week @ SG 2024

Echelon Philippines 2024, hosted by e27 in partnership with Brainsparks, offers dedicated content stages, exhibitions, panel discussions, and much more — all designed to support and empower the regional tech startup ecosystem with practical insights through various knowledge-sharing activities.

Whether you’re looking to expand your expertise, connect with influential figures in the tech startup world, or present your groundbreaking ideas, Echelon Philippines 2024 presents an unmatched experience sure to give you and your company a boost. Secure your spot now on our official page and join us as a participant or an official partner. Together, we can shape the future and create a lasting impact.

Join us at Echelon Philippines 2024, where innovation knows no boundaries and the possibilities are limitless!

The post These 12 companies are ready to wow at Echelon Philippines appeared first on e27.

In an interview with e27, Huanbo Luan, CEO and Founder of 6Estates, highlights a significant skill mismatch as one of the primary challenges faced by artificial intelligence (AI) leaders in Singapore.

“Rapid new technological advancements in recent years have contributed to a gap between the workforce’s skills and industry needs,” he notes.

As AI technology continues to evolve at a breakneck pace, the skills required by industries are shifting, often leaving professionals struggling to keep up. This gap poses a serious challenge to developing a robust talent pool in Singapore.

Another challenge identified by Luan is the highly competitive market for AI talent. He explains that top talent is often drawn to more attractive opportunities in other regions with more mature and well-funded ecosystems, such as the US and China. Additionally, Big Tech companies offer lucrative packages that can be difficult for local firms to match.

To address these challenges, Luan emphasised the importance of upskilling programmes. “We believe that a key part of the solution is to provide high-quality AI upskilling programmes, focusing on both technical and commercial elements, in collaboration with academia and industry,” he says.

Also Read: “Talents tend to overlook imperfect company cultures if salary meets their expectations”

Luan also stresses the need for companies to offer clear career pathways and opportunities for advancement within organisations. This would help retain top talent and motivate professionals to continue developing their skills.

Finally, Luan underscores the role of the public sector in fostering the growth of the ecosystem in Singapore. Supportive policies and regulations that promote AI adoption, development, and funding are crucial to strengthening companies’ ability to compensate and retain talent.

Building an AI career in Singapore

When asked about building a career in AI in Singapore, Luan stresses that it demands more than technical proficiency; it requires a blend of skills and qualities that align with the field’s fast-paced, innovation-driven nature.

A continuous learning mindset is one of the most crucial qualities of AI talent in Singapore. The landscape is rapidly changing, with significant developments happening more frequently than ever before.

“Where once we might have seen major advancements on a quarterly or yearly basis, today’s AI professionals must stay up to date with new breakthroughs that can occur almost monthly. This constant evolution means that AI talent must be committed to lifelong learning, always seeking to expand their knowledge and skillset to keep pace with the latest trends and technologies,” he explains.

Another essential quality is alertness to advancements in key markets, particularly the US and China. These countries are at the forefront of AI research and application, and innovations often emerge from these regions before spreading globally. This awareness allows them to identify cutting-edge technologies and applications that can be adapted and implemented locally, ensuring Singapore remains competitive globally.

Also Read: Infrastructure, talents are some of the challenges finance industry faces in adopting AI: Provenir

In addition to staying informed, AI professionals must focus on practical applications. The technology’s true value lies in its ability to solve real-world problems and transform processes within specific industries.

“In our experience as an Enterprise AI specialist in this region, customers aren’t interested in purchasing fundamental models; instead, they want business-ready, LLM/AI-powered applications.”

Lastly, strong interpersonal skills are essential for AI professionals in Singapore. Successful implementation requires collaboration across various sectors, including academia, industry, and government. Understanding the diverse needs and motivations of different stakeholders is crucial for effectively applying AI in ways that benefit all parties involved.

As advice to aspiring AI talents in Singapore, Luan advises them to continuously update their knowledge on both academic advancements in LLMs and the latest commercial applications of GenAI. “Pay attention to developments in Singapore and abroad.”

He also suggests talents to build a strong network by attending AI-related groups, events and conferences.

“This will improve your understanding of the landscape,” he closes. “Seek internships, projects, and real-world applications to build hands-on experience.”

—

Image Credit: 6estates

The post 6Estates CEO Huanbo Luan: Public sector plays a key role in nurturing AI ecosystem in Singapore appeared first on e27.

The healthtech, edutech, and blockchain verticals dominated Southeast Asia’s startup funding landscape in the past five years, according to Tracxn research.

The healthtech sector garnered US$1.5 billion in investments, contributing more than 87 per cent of the total funds raised to date in this space. Halodoc (which secured US$245 million), Doctor Anywhere (US$172.3 million), and HealthifyMe (US$105 million) led the pack.

After the COVID-19 pandemic, healthtech financing rose sharply, reaching a peak of US$515 million in 2023, primarily driven by an increase in early-stage investments, which attracted US$308 million.

Also Read: Funding into SEA’s female-led startups falls 42% to US$480.8M in 2023: Tracxn

Insurtech also gained significant momentum in the last five years, driven by ongoing digital transformation initiatives. The sector has amassed US$1.8 billion to date, 80 per cent of which (US$1.47 billion) came in the past five years. Key insurtech players driving this growth included Bolttech, Singlife, and Qoala.

The edutech sector also maintained a high overall contribution, accounting for 94.5 per cent of the total funding. However, there has been a sharp decline since 2021 as the demand for remote learning solutions waned.

The edutech vertical experienced its peak investments in 2021, with a total of US$0.98 billion raised. This aligns with global trends, as the pandemic accelerated the adoption of edutech solutions.

However, 66 per cent of the edutech funding raised in 2021 was thanks to a significant US$650 million funding round by Emeritus. Additionally, 88 per cent of the funding in 2021 was raised by just three companies: Emeritus, Ruangguru, and Lingoace. Notably, none of these companies have managed to raise equity funding post-2021.

Also Read: Startup funding in SEA falls 65% to US$4.3B in 2023: Tracxn

Blockchain technology in the region also witnessed its peak investments in 2022, with US$2.3 billion raised. Although funding declined sharply in 2023, this year so far has seen a notable recovery with US$463 million raised, already exceeding the total funding of 2023.

Amber Group led the blockchain sector, with US$628 million in funding, followed by Sky Mavis (US$311 million).

Other notable sectors that performed well in the past five years include energy tech and gaming.

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MADCash, a Malaysia-based fintech startup led by CEO Nuraizah Shamsul Baharin, aims to empower women entrepreneurs through innovative financial solutions.

The company primarily focuses on women running nano and micro businesses—often solo entrepreneurs who manage operations from their homes or roadside stalls near their residences. These women, while earning a daily income, face significant challenges due to their vulnerability to economic fluctuations, climate impacts, and the lingering effects of the pandemic. Moreover, many of them are either underbanked or have poor credit histories.

Recognising this gap, MADCash has developed a unique approach to micro-funding that differentiates it from competitors. “Compared to our competitors who charge an interest or management fee, we provide zero per cent interest loans,” says Baharin.

She emphasises that MADCash is not in the business of simply giving out loans. Instead, the company is committed to working with these women for a year, helping them grow their businesses and break free from the cycle of debt. The loans offered by MADCash do not require collateral, guarantors, or group loans.

This approach is complemented by MADCash Academy, which offers a robust support network of mentors and peers to guide these entrepreneurs. “This merger of zero per cent micro-funding with entrepreneurship development and 12 months of handholding is what makes us stand out,” Baharin adds.

Also Read: The climate change and gender equality connection: How to support underfunded women-owned business

The company’s journey began with a focus on profiling the women it aimed to support and tracking metrics related to its business growth. Over the past three years, MADCash has expanded its tools to improve profiling and measure more impact metrics.

Its recent expansion into Tajikistan prompted further innovation, including the modularisation of its programmes and the addition of multi-language options to better support the region. “Our product development process is driven by what our funders need and balanced with what our beneficiaries need to build better businesses,” Baharin explains.

MADCash making impact internationally

MADCash’s business model revolves around strategic partnerships with banks and corporations, which provide Corporate Social Responsibility (CSR) funds to support underserved communities. These funds are received as donations and distributed either as grants or zero-percent-interest loans, depending on the region.

In addition to these financial contributions, funders allocate separate funds for MADCash’s entrepreneurship programme, which is a key revenue source for the company, helping it acts as an incubator.

Participating in the Technology for Sustainable Social Impact (TS2) programme has been immensely beneficial for MADCash. The mentorship from individuals such as Joe Rouse has been particularly impactful, helping the company align its next steps and apply critical insights to maintain its mission-focused approach. Additionally, the programme offered unique content delivered by excellent professors and trainers who provided valuable lessons on balancing social impact with business objectives.

The programme has also played a crucial role in introducing MADCash to potential collaborators, significantly extending their networks as they work towards expanding their reach both in Singapore and globally.

“We are looking forward to running our first pilot run in Singapore in August 2024 while working on onboarding 1,000 women in Malaysia. We have signed an LOU with a partner in Dhaka, Bangladesh, and look forward to working on our pilot project in 2025,” Baharin closes.

“We are also building more business, financial and mental health content for MADCash Academy.”

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Image Credit: NUS Enterprise

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In today’s digital age, the ticketing industry faces numerous challenges, with scams and counterfeit tickets being among the most significant. Traditional methods, like QR codes, are increasingly vulnerable to fraud. Blockchain technology presents a promising solution, not by simply patching these vulnerabilities but by fundamentally transforming how tickets are managed and distributed.

Eliminating QR codes: A step toward security

QR codes, while convenient, have become a common target for scammers. Blockchain offers a way to remove the reliance on QR codes altogether. By leveraging decentralised ledgers, each ticket can be issued as a unique digital asset that is virtually impossible to counterfeit. Unlike a static QR code that can be duplicated, a blockchain-based ticket is a dynamic entity with a secure, traceable history.

Enhanced data for organisers: A new level of insight beyond security

Blockchain enables event organisers to gain unprecedented insight into the secondary ticket market. Each transaction, transfer, or resale of a ticket is recorded on the blockchain, providing a transparent and tamper-proof trail. This means organisers can monitor ticket movement, identify scalpers, and even set parameters on resale prices or conditions. The result is a more controlled and fair marketplace that benefits both the organisers and the fans.

Timing is everything: Why blockchain’s moment has finally arrived

Five years ago, the idea of using blockchain for ticketing was in its infancy. The world was just beginning to explore the potential of this technology, but it was too early for widespread adoption. At that time, there were significant barriers: no integration with mainstream payment options, a lack of user-friendly interfaces, and the high cost of minting tickets on the blockchain made it impractical for the average consumer. The infrastructure simply wasn’t ready.

Also Read: Transforming the ticketing industry: Tessera’s vision for fair access and innovation

Today, however, the landscape has changed. We now have blockchain platforms that are more efficient, cost-effective, and, crucially, better integrated with existing payment methods. This evolution allows us to harness the power of blockchain without the drawbacks that once held it back. The timing is perfect for us at Tessera to leverage blockchain in a way that enhances ticketing without disrupting the user experience.

Seamless user experience: Technology behind the scenes

While we recognise the power of blockchain, our primary focus is on the user experience. We believe that technology should work behind the scenes, enabling innovation without complicating the user’s journey. For the end customer, buying a ticket should be as simple as ever. Whether purchasing through Apple Pay or using any other familiar payment method, the process remains intuitive and straightforward. The blockchain’s complexity is abstracted away, ensuring that users are not burdened with understanding or managing the technology.

Blockchain as a tool, not the solution

It’s essential to emphasise that blockchain is a technology, not the solution itself. The solution lies in how we use this technology to address real-world problems. We view blockchain as a tool to enhance security, transparency, and data accessibility without compromising the simplicity and ease of the ticketing process. Our goal is to ensure that end users experience all the benefits of blockchain without needing to interact with it directly.

In conclusion, blockchain has the potential to revolutionise the ticketing industry by eliminating outdated methods like QR codes and providing organisers with more control and insight into the ticket market. At the same time, Tessera is committed to ensuring that this technological advancement enhances, rather than complicates, the user experience. After all, the best technology is the kind that users don’t even realise is there.

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