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A startup founder’s guide to navigating a VC funding round: A lawyer’s perspective

Raising capital from a venture capital (VC) firm is an important moment for any startup founder, but it’s a process fraught with complexities, demanding adherence to the industry norms. As a startup lawyer, I’ve guided countless founders through this journey. 

This article sets out five steps to successfully navigate a VC funding round, from preparation to closing, ensuring you’re equipped to secure investment while protecting your startup’s interests.

Step one: Preparation and due diligence

Before approaching VCs, ensure your startup is ready for scrutiny. VCs will usually conduct thorough due diligence, so your legal and financial stuff must be in order. 

Formally incorporate your company based on where you are domiciled, ideally as a company, which is the standard for VC-backed startups due to its flexibility and investor familiarity. 

Ensure all founders, employees, and external contractors have signed agreements covering equity, intellectual property (IP) assignment, and confidentiality agreements. Confirm that all intellectual property assets (e.g. source code, patents, trademarks, or proprietary technologies) are properly documented and owned by the company.

Organise your financial records, including balance sheets, cap tables, and revenue projections. A clean cap table, free of disputes or unclear equity allocations, signals that you know what you’re doing. 

Engage a lawyer to take a look at your corporate documents, as any gaps (e.g., missing board approvals or unsigned contracts) can derail negotiations. 

Finally, prepare a compelling pitch deck that highlights your team, market opportunity, traction, and financials. 

Step two: Identifying and approaching VCs

Before reaching out to any investor, take time to identify a potential VC firm that may have a proven interest in your industry and stage of growth. Use platforms like e27 to look up recent investments and understand each VC’s focus areas.

Some VCs specialise in early-stage or seed deals, while others only come in at Series A or later. Pay attention to sector preferences, some funds are deep into fintech, climate tech, or enterprise SaaS, while others stay clear of capital intensive or hardware driven businesses.

Also Read: VC funding can’t guarantee a crypto project’s survival: Chainplay

As a founder, it may also be important to understand how VC funds actually work behind the scenes. Don’t be afraid to ask if the VC is still deploying capital, especially if it’s later in their fund cycle. Most funds operate on a 10-year life cycle, and VCs typically make new investments during the first 3 to 5 years. If you’re speaking to a fund that’s nearing the end of its deployment period, they may be more focused on follow-on investments or supporting portfolio companies, rather than backing new ones.

Leverage your network to seek warm introductions. Cold emails might work, but a personal referral from a mutual connection like a founder they’ve backed may increase your chances of getting a meeting.

From a legal perspective, resist making overly optimistic claims about revenue or market share that could be construed as misleading. If you get asked for projections, label them clearly as estimates. At this stage, you may wish to sign a non-disclosure agreement (NDA), but many VCs usually avoid NDAs to maintain flexibility so you may want to discuss sensitive information cautiously.

Step three: Term sheet negotiations

If a VC is interested, they’ll issue a term sheet outlining the deal’s key terms. A term sheet should contain valuation, investment amount, equity stake, and governance rights. 

This is where legal expertise is critical. A term sheet isn’t usually legally binding but sets the framework for the final agreements. Focus on valuation (pre-money and post-money), as it determines your dilution. A startup lawyer can help model scenarios (e.g., how dilution affects your stake in future rounds) and push back on terms that could harm long term flexibility.

Be wary of liquidation preferences, which dictate how proceeds are distributed in an exit. A 1x non-participating preference is standard, but more aggressive terms, like 2x participating preferences, should be resisted as it is not the usual norm.

VCs often request board seats so you may need to negotiate board composition carefully while maintaining founder control. Anti-dilution provisions, reserved matters, and tag-along and drag-along rights also require scrutiny. 

Step four: Due diligence and definitive agreements

Once the term sheet is signed, the VC’s due diligence intensifies. They’ll request detailed records of contracts, financials, IP filings, and compliance documents that you may make available in a virtual data room. 

Any discrepancies (e.g., unfiled taxes or unresolved disputes) can lead to re-negotiation or deal termination. 

Also Read: How do you raise VC funding as a student entrepreneur? Find out the answers here

Concurrently, your lawyer can help to review  the definitive agreements, including the shares subscription agreement and the shareholders agreement in a priced round. These documents formalise the term sheet’s terms.

Pay attention to representations and warranties, where as a founder you would be needed to attest to the company’s legal and financial health. Negotiating the warranties is crucial to limit your exposure as missteps here may lead to post-closing liabilities. 

Step five: Closing and post-funding

After due diligence clears and agreements are signed, you would need to fulfil the conditions precedent set out inside the agreement. 

The conditions precedent include delivering the signed copies of the board and shareholders resolutions of the company for the allotment of the new shares to the VC and obtaining the existing shareholders preemptive right waiver for the new shareholders

Once these are satisfied, VC disburses the funds, and the company secretary may give effect to the shares issuance.

Post-closing, maintain open communication with your new VC shareholder as they’ll expect regular updates on financials, milestones, and strategic decisions, often based on the agreed investor reporting obligations.

Final thoughts

A VC funding round is a marathon, not a sprint. Get an experienced startup lawyer early to avoid pitfalls. By preparing diligently you may increase your chances of securing capital while positioning your startup for long-term success.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

Join us on InstagramFacebookXLinkedIn, and our WA community to stay connected.

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Blurring the Lines: The convergence of traditional finance and crypto

The global financial markets are currently experiencing a period of uncertainty, with risk sentiment retreating due to stalled progress in US-China trade negotiations and investor caution ahead of the Federal Open Market Committee (FOMC) decision. These factors are creating a challenging environment for investors, who are grappling with mixed economic signals, shifting market performances, and significant developments in the cryptocurrency space.

This article explores the current state of the global economy, delves into key corporate strategies involving digital assets, and examines the implications of new regulatory changes from the US Securities and Exchange Commission (SEC).

Economic data and market performance

Recent economic data from the United States paints a picture of an economy at a crossroads. The US Conference Board’s July Consumer Confidence Index rose to 97.2, up from 93, surpassing analyst expectations. This increase suggests that American consumers are feeling more optimistic about their financial prospects, possibly due to stable income levels or an improving outlook on inflation.

However, this positive signal contrasts sharply with signs of a cooling labour market. Job openings in June dropped by 275,000 to 7.437 million, while the job openings rate fell from 4.6 per cent to 4.4 per cent. These declines indicate that employers are pulling back on hiring, which could foreshadow slower economic growth if the trend continues.

This mixed economic backdrop has had a direct impact on financial markets. US stock markets closed lower, with the S&P 500 declining by 0.30 per cent, the NASDAQ by 0.38 per cent, and the Dow Jones by 0.46 per cent. Investors appear to be reacting to the uncertainty surrounding trade negotiations and the upcoming FOMC decision, which could influence interest rates and monetary policy.

At the same time, US Treasury yields fell across the curve, reflecting a shift toward safer assets. The 10-year UST yield dropped by 8.9 basis points to 4.320 per cent, and the two-year UST yield fell by 4.7 basis points to 3.869 per cent. Lower yields often signal investor concerns about economic growth, as they seek the relative security of government bonds.

Currency and commodity markets also reflect this cautious mood. The US Dollar Index climbed by 0.25 per cent, reinforcing the dollar’s role as a safe-haven currency during turbulent times. Gold prices, meanwhile, rebounded by 0.36 per cent after four consecutive sessions of losses, suggesting that investors are turning to traditional hedges against uncertainty.

Also Read: ESG frameworks and standards: Cutting through the complexity for private markets

In Asia, stock markets opened with mixed results, indicating regional variations in how investors are processing these global developments. However, US equity index futures point to a higher opening for US stocks, hinting at a potential rebound as new data and events unfold.

Key events on the horizon

The coming days promise to bring clarity or further complexity to this evolving situation. Monetary policy decisions from the Bank of Canada and the Federal Reserve loom large, with the Fed’s announcement drawing particular attention. Investors are eager to understand whether the central bank will adjust interest rates or signal changes in its approach to inflation and growth.

Additionally, second-quarter GDP data from the United States and the Eurozone will provide a broader view of economic health in these critical regions. Strong GDP figures could bolster confidence, while weaker numbers might deepen concerns about a slowdown.

Earnings releases from the tech sector also feature prominently on the calendar. Companies in this influential industry often serve as bellwethers for the broader market, and their performance could sway investor sentiment. These events collectively represent a packed docket that will likely shape market trajectories in the near term, making it a pivotal moment for financial observers.

Michael Saylor’s strategy: A bold bet on Bitcoin

Amid this uncertain economic climate, some companies are making striking moves in the cryptocurrency space. Michael Saylor’s Strategy, formerly known as MicroStrategy, recently purchased 21,021 Bitcoin after raising US$2.5 billion through its fourth preferred stock offering, dubbed STRC.

This transaction stands out as the largest US initial public offering (IPO) in 2025 so far, surpassing even the much-anticipated US$1 billion IPO of stablecoin issuer Circle Internet Group in June. Strategy acquired the Bitcoin at an average price of US$117,256 per coin, bringing its total holdings to 628,791 BTC, the largest stash among public companies according to BitcoinTreasuries.NET.

This acquisition underscores Strategy’s unwavering commitment to Bitcoin as a core component of its corporate treasury. The company raised US$2.5 billion by selling 28 million shares of Variable Rate Series A Perpetual Preferred Stock at US$90 each, a deal that ballooned from an initial target of US$500 million due to strong investor demand. This move is not just a financial play but a statement of belief in Bitcoin’s long-term value.

Also Read: US-Japan ties strengthen markets, crypto rides the wave

By amassing such a significant position, Strategy positions itself as a pioneer in corporate adoption of cryptocurrencies, potentially encouraging other firms to follow suit. For investors, this strategy raises intriguing questions about the role of digital assets in hedging against inflation and diversifying traditional portfolios.

Windtree Therapeutics: Biotech meets blockchain

While Strategy’s Bitcoin haul grabs headlines, Windtree Therapeutics is charting an equally bold path in the crypto realm. This biotech company, listed on NasdaqCM under the ticker WINT, has secured up to US$520 million in new funding, with 99 per cent of the proceeds earmarked for acquiring BNB, the native cryptocurrency of the Binance ecosystem.

The funding package includes a US$500 million equity line of credit (ELOC) and a US$20 million stock purchase agreement with Build and Build Corp, reflecting a deliberate pivot toward digital assets.

Windtree’s CEO, Jed Latkin, emphasised the strategic importance of this move, noting that the opportunity to bolster BNB holdings aligns with the company’s broader vision. Unlike Strategy, which focuses solely on Bitcoin, Windtree is diversifying its treasury with BNB, a token tied to one of the world’s largest cryptocurrency exchanges. This approach suggests confidence in the Binance ecosystem’s growth potential and its utility in decentralised finance.

For a biotech firm traditionally focused on healthcare innovation, this aggressive shift into blockchain-based assets marks a hybrid strategy that blends cutting-edge medicine with cutting-edge finance. It also highlights how companies across industries are rethinking their financial strategy in light of cryptocurrency’s rising prominence.

SEC’s new rules: A game-changer for crypto ETPs

Regulatory developments are adding another layer of intrigue to this narrative. The US Securities and Exchange Commission recently approved new rules that allow authorised participants to create and redeem shares of crypto exchange-traded products (ETPs) using in-kind transfers of Bitcoin and Ether.

Also Read: What’s next for markets: Navigating trade threats, earnings, crypto and central bank signals

This decision departs from the previous cash-only requirement for spot crypto funds, bringing these products in line with commodity-based ETPs like those backed by gold or oil. The change promises to reduce operational costs and enhance efficiency for issuers, potentially making crypto ETPs more appealing to a wider range of investors.

SEC Chairman Paul Atkins hailed this as a step toward a more tailored regulatory framework for crypto markets, emphasising that it benefits investors by lowering costs. Beyond in-kind transfers, the SEC also greenlit additional enhancements to the crypto ETP ecosystem.

These include approval for a mixed ETP holding both spot Bitcoin and Ether, authorisation of options and FLEX options on certain Bitcoin ETPs, and an increase in position limits on listed Bitcoin options to 250,000 contracts, matching thresholds for other high-volume options. These moves signal a maturing infrastructure for cryptocurrency investments, bridging the gap between traditional finance and the digital asset frontier.

Conclusion

The global financial markets stand at a fascinating juncture. Economic data reveals an uneasy balance between optimism and caution, while upcoming events promise to steer the course ahead.

Meanwhile, Strategy and Windtree Therapeutics are redefining corporate strategy with their crypto ambitions, and the SEC is paving the way for a more integrated digital asset market. For investors, this convergence of factors demands vigilance and adaptability.

The interplay of trade negotiations, monetary policy, and cryptocurrency innovation will likely define the financial landscape for months to come, offering both challenges and opportunities in equal measure.

As this story unfolds, one thing is clear: the boundaries between traditional finance and the digital frontier are blurring, and the implications will resonate far beyond today’s headlines.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

Join us on InstagramFacebookXLinkedIn, and our WA community to stay connected.

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“Special Projects” and shady metrics: TaniHub whistleblower speaks as top execs detained

The South Jakarta District Prosecutor’s Office has detained MDI Ventures CEO Donald Wihardja along with TaniHub’s former President Director Ivan Arie Setiawan and former Director Edison Tobing today, according to various media reports.

The detentions were part of an ongoing investigation into the alleged corruption and money laundering tied to the management of investment funds into TaniHub and affiliated organisations by MDI Ventures and BRI Ventures between 2019 and 2023.

The three accused people will remain in custody until August 16.

Also Read: The SEA headcount trap: Why more people ≠ more progress

According to an official, preliminary findings suggested that Wihardja allegedly approved the disbursement of funds illegally while Setiawan and Tobing were suspected of manipulating data to secure funding from the investors. It is also said that the funds were later misappropriated for personal use.

The authorities are also examining the possibilities of other parties’ involvement and the flow of the allegedly misused funds. They conducted raids at various locations in the Greater Jakarta Area and secured evidence in the form of electronic devices and documents.

Founded in 2016, TaniHub is an agritech startup that helps farmers improve their livelihood. It offers products ranging from agricultural commodities trading to a P2P lending platform TaniFund.

In 2024, Indonesia’s Financial Services Authority (OJK) revoked TaniFund’s business license for failing to comply with regulatory directives and meet the minimum equity requirements. Following sanctions and supervisory actions, a growing number of complaints and legal actions led OJK to hand over the case to law enforcement for further investigations.

e27 contacted a former TaniHub employee who was open to sharing about his experiences at the company. The individual, who wished to remain anonymous, spoke about how the financial record of the department that he ran often had additional “vague expenses” called the Special Projects.

“When I asked about this, the CEO just said, ‘You don’t need to know the details, but you are mature enough to know that sometimes there are things we need to spend for our business partners’,” the person said.

After leaving TaniHub, the ex-staffer pursued an MBA at a leading global university and wrote about the mismanagement for an assignment. He highlighted the management’s “habit of presenting exaggerated and inaccurate metrics in order to paint a promising image to the investors.”

“The founders sometimes spoke to the employee about the importance of raising more funds by framing it as an important way to support the company’s mission in helping farmers. The logic goes that the effort to help farmers requires the company to invest capital in infrastructure as well as needing a strong cash position to support an intensive operation cost,” he wrote. “In other words, there might be some dishonesty involved, but ultimately they claimed it was to support the greater good.”

Also Read: Vietnam’s scaling challenge: Why the next tech boom needs strategic leaders, not just smart capital

He also gave examples of the shady practices, including TaniFund’s claim of a 100 per cent successful repayment rate of its borrowers, which he described as “defying common sense.” “Any credit business has an inherent element of risk, and there is no way among the 1,500 farmers who received a loan from TaniFund that nobody has faced harvest failure.”

“So what happened? To put it simply, when the farmers failed to repay their loan, TaniFund does not report the project as a failure to the lender. Instead, they report the project as a success, and they used their cash to repay the lender,” he remarked.

“By doing this, they indeed lose money, but they reported it on TaniHub’s financial statement as a loss that is called ‘produce breakage’, which is an unavoidable loss when you are trading perishable goods,” the person said.

More on this story as it develops.

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Echelon Singapore 2025: 10 powerful sessions now available to stream

Echelon Singapore 2025, held on June 10–11 at Suntec Singapore, brought together thousands of startup founders, investors, corporate leaders, and policymakers shaping the future of Southeast Asia’s innovation landscape. Across two packed days, attendees gained valuable insights from fireside chats, keynote presentations, and panel discussions that tackled everything from AI and semiconductors to digital healthcare and voice interfaces.

If you missed it or want to revisit the best sessions, you’re in luck. You can now watch Echelon Singapore 2025 Recorded Sessions on Demand for just $4.90, or get 50% off your first month—that’s less than the price of your daily coffee. Not only do you gain access to these exclusive recordings, but your subscription also unlocks 800+ pieces of premium content on e27.

Here are 10 of the latest sessions you can now stream on demand:

Investing in innovation: The role of banks and CVCs in the Indonesian tech startup ecosystem

In this candid fireside chat, Eddi Danusaputro, CEO of BNI Ventures, explains the nuanced role of corporate venture capital (CVC) in Indonesia. Unlike traditional VCs focused solely on ROI, CVCs like BNI Ventures aim to solve strategic problems within the bank, making startup engagement a tool for transformation.

He advises founders to approach CVCs post-Series A, when they’re stable enough to withstand the internal complexities of working with large financial institutions. For global startups, Danusaputro stresses the need for localised strategies when entering Indonesia and introduces a “maturation map” as a growth framework.

Building in the semiconductor age: What founders need to know about supply chains, partnerships, and strategic positioning

As ASEAN positions itself in the global semiconductor race, this session breaks down what founders need to know about navigating this high-stakes, capital-intensive space. Speakers emphasised the importance of intelligent manufacturing enabled by agentic AI, as well as the critical role of public-private partnerships like A*STAR’s EDA Garage.

The panel urges startups to move fast, utilise open-source hardware, and align with national initiatives that can ease prototyping and commercialisation. For founders in deep tech, this session offers a real-world guide on turning technical potential into market-ready innovation.

Automotive innovation across borders: What SEA can learn from India’s digital shift

Umang Kumar, Co-founder of CarDekho SEA, shares how India’s car buying experience was digitised through data infrastructure, trust-building, and fintech. With 42% of car sales in India now influenced by CarDekho, Kumar outlines how technologies like UPI and Aadhaar accelerated their success.

As the company expands into Southeast Asia, it’s leveraging its fintech model to tap into underserved markets. This session is especially valuable for founders building cross-border ventures who want to understand how digital infrastructure and smart integrations can drive market dominance.

Vietnam’s next growth engine: How tech ecosystems can collaborate for a regional breakout

This panel brings together voices from JDI, LOTTE Innovate Vietnam, Ascend Vietnam Ventures, and the Vietnamese government to examine the country’s growing momentum as a regional tech hub. The speakers explore how Vietnam’s young, competitive talent pool and pro-innovation policies are fueling the next wave of growth.

Panelists stress the importance of cross-border collaboration in maximizing Vietnam’s potential and attracting global capital. For anyone watching the region, this session offers a blueprint on how Vietnam is primed to become Southeast Asia’s next digital powerhouse.

Unlocking the power of SEZs: How startups can tap into SEA’s cross-border growth engines

Special Economic Zones (SEZs) in Southeast Asia are more than just policy experiments—they’re fast becoming strategic platforms for startup growth. Moderated by StartupX CEO Durwin Ho, this session explores how zones in Johor, BSD City, and other key locations are offering startups access to infrastructure, government incentives, and cross-border markets.

Insights from Sinar Mas Land, Iskandar Investment Berhad, and Archisen show how founders can position themselves for regional scale. If you’re looking for new ways to expand in Southeast Asia, this is a must-watch.

Scaling smart: How AI and great product strategy accelerate early-stage growth

AI is no longer a luxury—it’s a growth lever. This panel features leaders from Osome, Odoo, MyRepublic, and A2D Ventures discussing how to integrate AI meaningfully into your product strategy. They dive into practical tactics, like adopting no-code platforms, running faster user feedback loops, and building cost-efficient MVPs.

The speakers caution against “AI for the sake of AI” and instead advocate for customer-centric design and partnerships with proven vendors. For startups navigating early growth, this talk offers clear frameworks on leveraging AI without over-engineering.

The rise of hospital-at-home: Transforming care and shaping the virtual healthcare

Shravan Verma, Co-founder of Speedoc, tells the story of how the company evolved from urgent care to operating one of the largest virtual hospitals in the region. He walks through the challenges of scaling healthcare tech during COVID-19 and how a patient-first mindset—along with smart AI deployment—helped Speedoc offer care at scale.

Verma emphasises hiring for potential, fostering responsibility in junior staff, and balancing automation with trust. This is a powerful session for healthtech founders seeking to scale while preserving care quality.

The first conversation: How voice AI is defining human-AI interactions and the future of AI agents

Voice AI is rapidly evolving beyond assistants and chatbots. In this technical yet accessible panel, David Ding (TechYizu) and William Zhou (iFlyTek) examine real-world applications of voice interfaces in smart homes, retail, and healthcare.

They discuss the challenge of linguistic diversity in Southeast Asia and how localised solutions are essential for user adoption. With iFlyTek leading in voice model development, Zhou also shares bold predictions about the future of narrow AGI and its impact on human productivity.

Reflections on leadership and innovation: Lessons from public service to the digital frontier

Former Singapore Minister Prof Yaacob Ibrahim reflects on the leadership lessons that defined his career—from founding the Cyber Security Agency to navigating governance in the age of social media.

He discusses how the expectations of public leaders have changed in a digitally connected world and the importance of building public trust through transparency and responsiveness. This keynote serves as a thoughtful reminder that in tech and policy alike, leadership must evolve with the times.

Lessons from scaling SaaS, cultures, and team from Amity Group’s journey

Keng Teik Koay, Group CEO of Amity Group, unpacks their journey from $10M to $100M in revenue, focusing on two key inflection points: the launch of their AI Lab and their acquisition of UK-based Touring. H

e details how the company balanced cultural integration during M&A while retaining a competitive pricing edge. With plans to go public and expand across Europe, Amity’s playbook is a compelling case study in using AI, strategic hiring, and acquisition to scale a SaaS business globally.

Ready to dive in?

For less than the cost of your daily coffee, you can access every one of these thought-provoking sessions—and hundreds more—via Echelon Recorded Sessions On Demand. Whether you’re a founder looking for strategic guidance, an investor hunting for the next opportunity, or an ecosystem enabler seeking regional insights, this content library is designed to keep you ahead of the curve.

Your subscription doesn’t just include access to Echelon Singapore 2025 (ECSG) sessions—it also unlocks the full video archives of Echelon Philippines 2024 (ECPH) and Echelon X 2024 (ECX). That’s three major startup conferences’ worth of insights from across Southeast Asia, available anytime, on demand.

Start watching now for only $4.90 or get 50% off your first month.

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The evolution of influence: The next chapter of creator leadership

When we talk about influence today, the spotlight often goes to creators — the faces on screen, the names on feeds. But behind every meaningful movement is someone building the stage.

For Confluence 2025, that person is Hazel Yap. She’s the co-founder and COO of SERIOUS Media, a digital marketing agency that works with some of the region’s fastest-paced brands.

But what most people don’t know is that Yap is also a certified forest bathing guide — someone who once hit burnout so hard, she turned to trees for healing. Literally.

How rest became a revolution

Three years after launching her agency, Yap found herself depleted. She stepped away from the speed of digital life and tried something new: Forest bathing.

It wasn’t a retreat to the mountains. It happened right here in the Singapore Botanic Gardens.

And it changed everything.

What began as a personal reset became a parallel calling. Yap trained with the Association of Nature and Forest Therapy and now leads sessions through her side venture, A Good Rest.

“Nature is free. And nature is a healer,” she told CNA Women. “I used to do everything fast. The biggest learning for me is to slow down.”

Yap brings her philosophy of balancing pace with presence to Confluence 2025, set for October 1 at Guoco Midtown, Singapore, highlighting creators’ evolution into strategic brand builders.

Also Read: As the creator economy matures, it’s time to build for speakers

As someone who’s spoken at countless events, I can tell when a summit is designed for optics and when it’s designed for impact. Yap is building the latter with intention, depth, and heart.

My talk: AI-powered influence

In this featured session, I’ll be sharing how creators and brands can build smarter, scale faster, and stay authentic, powered by AI.

But I’m not doing it alone.

I’ll be joined (as always) by Seraphina AI, my digital twin trained to write and support in my tone and voice, helping turn stories into systems

Baked by my company, People’s Inc. 360, and our automation platform Unify, we guide creators and brands to:

  • Build sustainable content pipelines.
  • Streamline brand partnerships.
  • Use AI not to replace creativity, but to reinforce consistency.

Because in today’s digital world, it’s not just about being seen — it’s about being remembered.

Ahead of the summit, I’ll be guiding a hands-on brand collaboration challenge focused on helping creators design smarter, more intentional campaigns with AI and automation. Built on People’s Inc. 360’s Unify platform, it uses the same tools applied across my ventures to show how strategy, storytelling, and systems can align to deliver professional results.

Because influence isn’t luck. It’s a process. You just need the right engine.

Creating with clarity, connecting with purpose

Yap brings a rare dual perspective as both a digital strategist and a nature guide, making her a distinctive leader in today’s creator economy. She understands the hustle while honouring the pause, a balance that sets Confluence 2025 apart.

This summit isn’t about chasing noise. It’s about creating space where creators can:

  • Hear honest stories from speakers like Charlene (@aizaiaisteady), Chiou Huey, Ian Jeevan, Jeff (@playingwithpencil), Zhin, Leah, and more.
  • Connect with 100+ marketers, agencies, and brand managers.
  • Leave not just inspired, but equipped to grow with intention.

Everything I’ve built is rooted in one truth: Your voice is your most powerful asset. Your time is your most valuable currency. This summit gets that.

I’m honoured to be part of this gathering, sharing how creators can build smarter in 2025, achieving growth without burning out.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

Join us on InstagramFacebookXLinkedIn, and our WA community to stay connected.

Image courtesy: Canva Pro

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Ecosystem Roundup: Crypto’s darkest year | F&B tech on the rise | AI’s uncertain future

The first half of 2025 has delivered a sobering wake-up call to the crypto community. As highlighted in Chainalysis’s latest report, illicit activity in the space has not only accelerated—it has shattered previous records.

With over US$2.17 billion in stolen funds already this year, the industry faces a pivotal moment in its security evolution. Particularly alarming is the rise in state-sponsored hacks, with the DPRK’s ByBit breach accounting for a staggering two-thirds of this year’s stolen service funds.

But it’s not just exchanges under siege. The growing sophistication of attacks on individual wallets—fuelled by social engineering, AI tools, and even physical coercion—signals a shifting threat landscape. That over US$8.5 billion in crypto is currently held in vulnerable personal wallets underscores the scale of the challenge ahead.

For APAC and especially Singapore, where Web3 ambitions remain strong, these developments pose urgent questions about regulation, security standards, and user awareness. The tools for defence exist, but the race to deploy them effectively is on.

REGIONAL

GCash’s IPO is not expected this year, CEO confirms
The company is waiting for what it believes is the most opportune moment to launch, having previously aimed for an IPO by the end of 2025.

Airwallex launches new fund investment tool in Singapore
Its local entity, Airwallex Capital, was granted a Capital Markets Services (CMS) license, which allows it to provide investment fund management and custodial services.

Lamudi’s new parent firm unifies SEA presence with fresh brand
Global real estate group Lifull Connect has launched a new brand called SEA Connect Ventures | The group seeks to consolidate its operations in SEA, where it’s present in Thailand, Indonesia, Cambodia, and the Philippines.

REPORTS, FEATURES & INTERVIEWS

Chainalysis mid-year report: How 2025 became the most dangerous year in crypto
Crypto thefts hit US$2.17B in H1 2025, driven by DPRK hacks and rising wallet attacks, signalling urgent security concerns.

The taste of innovation: Southeast Asia’s emerging F&B tech startups to watch
From sustainable coffee to AI-powered kitchens, discover the startups transforming the region’s food industry through bold, tech-driven innovation.

INTERNATIONAL

Saudi Arabia leads MENA startup funding in H1 2025
In H1 2025, Saudi attracted US$1.34B in investments | This marks a 342% increase from H1 2024 | The Kingdom accounted for 64% of the region’s total funding, led by the fintech sector with US$969M across 20 transactions.

Korean firms race to launch facial recognition payments
Shinhan Card was an early adopter, launching a pilot in 2019 and later expanding to select convenience stores and supermarkets | However, in-person face registration and public skepticism hindered the rollout.

S Korea’s Doosan Robotics to acquire US firm Onexia for US$25.8M
Onexia, established in 1984, specialises in designing automated systems for various industries, including manufacturing, logistics, and packaging.

Nvidia CEO predicts AI will create more millionaires in 5 years
Jensen Huang said that advancements in AI have simplified the creation process | He forecast a future where countries operate both physical and digital factories.

Japan’s Metaplanet buys 780 bitcoins, holdings reach US$2B
This purchase was made at an average price of US$118,622 per bitcoin | According to data from Bitcointreasuries, the company ranks seventh among public corporate bitcoin holders globally.

BYD struggles to expand EV business in India
Since the 2020 border clash, BYD India’s MD Ketsu Zhang has been unable to secure a visa, forcing the company to manage operations remotely from Sri Lanka, Nepal, and Singapore.

Antler-backed EV financing startup Ohm Daily shuts down
The company said it struggled to establish a scalable and sustainable business model | It aimed to offer micro-financial products for gig workers and auto drivers by linking them with institutional lenders.

SEMICONDUCTOR

US fines chip design firm Cadence US$140M for illegal China sales
The charges involve the sale of chip design software and hardware to front companies linked to China’s National University of Defense Technology, a military institution involved in nuclear simulations.

Nvidia reportedly orders 300K H20 chips from TSMC
This move follows strong demand from China and adds to an inventory of 600,000 to 700,000 chips | In 2024, Nvidia sold about 1 million H20 units, according to SemiAnalysis.

AI

Alibaba chief: 90% of AI tech may vanish in 10 years
Alibaba’s cloud and AI unit founder Wang Jian said that OpenAI’s introduction of ChatGPT sparked public interest in AI but also created a “bias” regarding the technology’s potential.

AI cuts tech jobs, but boosts non-tech pay by US$18K: study
A Lightcast report, which analysed over 1.3 billion job postings, reveals that in 2024, more than half of all AI-related job listings came from outside the tech industry.

How AI and Web3 are rewiring music’s infrastructure for a new creative economy
AI-powered platforms are combining Web3 and intelligent infrastructure to streamline rights and royalties in the music industry.

5 AI trends to watch in the next 12 months: Intelligent agents, cost reductions and compute power
Companies are turning to AI-powered knowledge systems to retain expertise and up-skill ageing workforces amid demographic shifts.

People-first teams: How SEA startups embrace remote-first culture in the AI era
Southeast Asian startups are embracing remote-first models and AI tools to scale efficiently while prioritising flexibility and wellbeing.

Inclusive AI isn’t optional – it’s Asia’s tech advantage
If AI is built without inclusion, it won’t just replicate bias; it will amplify it, and Asia must lead with fairness, not just speed.

THOUGHT LEADERSHIP

US-Japan ties strengthen markets, crypto rides the wave
The US-Japan and US-EU trade deals boost global market optimism, with equities rising as investors shift from safe havens like gold.

From molecules to markets: Embedding commercial thinking in biotech from day one
Biotech innovation succeeds when commercial thinking is embedded early, aligning science with market needs, scalability, and user adoption.

Why founders should stop hustling and start automating
Startups scale sustainably when they replace hustle with simple, smart workflow automation using tools tailored to their actual needs.

In the age of AI, people matter more than ever
Organisations that foster emotional safety, reward outcomes, and support AI training will build stronger, future-ready teams.

Why fear is your greatest ally
Fear, when embraced and channeled, becomes a vital feedback tool for entrepreneurs to sharpen ideas and accelerate meaningful growth.

Founders, stop building companies that trap you
One founder’s journey from hustle to clarity, rethinking success, using AI with intention, and building a business that serves life.

From classroom to boardroom: How Singapore’s universities nurture future investment leaders
Singapore’s universities actively foster entrepreneurship and innovation skills among students, enabling them to thrive in dynamic business landscapes.

Beyond competition: Harnessing the power of partnerships in business
The philosophy of proactive partnership is integral to our agency and partners’ progress, serving as more than just a strategy but a core business practice.

The bite-sized path to success: Microlearning in the digital age
Microlearning, with its bite-sized, accessible format, empowers individuals and organisations to thrive in this dynamic environment.

Why continuous learning is key to employee retention in the modern workforce
To retain Gen Z employees, it’s crucial to understand their workplace values and why continuous learning is important to them.

CSR as a core strategy: How Asia’s tech companies are leading the way
By implementing strong CSR strategies, Asian tech firms boost their reputations while advancing sustainable development goals.

Markets on the move: Trade talks, housing slumps, and crypto whales stirring
US-EU trade negotiations edge forward amid tariff threats, as markets rally and a Bitcoin whale move sparks fresh crypto speculation.

The image was generated using ChatGPT.

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Global sentiment lifts off: The US-EU agreement’s ripple through stocks, commodities, and digital currencies

The announcement of a US-EU trade agreement on Sunday has acted as a catalyst, easing tensions that had previously weighed on investor confidence. This development has had a ripple effect across various markets, influencing equities, bonds, commodities, and cryptocurrencies.

As we approach a week marked by high-stakes economic events and corporate earnings, understanding these dynamics becomes increasingly crucial. In my view, the renewed optimism is a welcome change, though the mixed signals in some markets suggest that caution remains warranted.

Let me tell you more.

A boost from the US-EU trade agreement

The US-EU trade agreement has emerged as a pivotal factor in lifting global risk sentiment. For months, trade uncertainty had cast a shadow over markets, with investors wary of escalating tariffs and disruptions to global supply chains.

The deal announced on Sunday has alleviated some of these concerns, fostering a more risk-on environment. Investors are now more inclined to allocate capital to growth-oriented assets like stocks, rather than seeking refuge in traditional safe havens like bonds or gold.

This shift reflects a broader belief that economic stability might be within reach, at least in the short term. However, with major events like the Federal Open Market Committee meeting and US payroll data looming, the sustainability of this optimism remains an open question.

US markets: Choppy trading and rising yields

In the United States, stock markets closed mixed after a volatile session, capturing the complexity of the current environment. The S&P 500 inched up by 0.02 per cent, signalling modest gains, while the NASDAQ climbed 0.33 per cent, driven by strength in technology stocks.

Meanwhile, the Dow Jones Industrial Average dipped by 0.14 per cent, hinting at lingering caution among traders. This uneven performance suggests that while the trade agreement has bolstered confidence, investors are still grappling with uncertainties tied to upcoming economic releases and corporate earnings.

Also Read: US-Japan deal, EU talks, and Japan’s Bitcoin bet: A new chapter for global finance

US Treasury yields, which often serve as a barometer of market sentiment, edged higher across the curve. The 10-year Treasury yield rose by 2.2 basis points to 4.410 per cent, and the two-year yield ticked up by 0.2 basis points to 3.926 per cent.

These increases suggest that investors are shifting away from the safety of government bonds, aligning with the broader risk-on sentiment. Higher yields also reflect expectations of stronger economic growth, though they could pressure equity valuations if the trend accelerates.

The US Dollar Index, a measure of the dollar’s strength against major currencies, advanced by 1.01 per cent. A stronger dollar typically accompanies periods of economic optimism, as it did here, fuelled by the trade deal and improving risk appetite. This dollar rally could pose challenges for US exporters, but it also underscores the market’s faith in the resilience of the US economy.

Commodities: Diverging paths for gold and brent crude

Commodities have displayed divergent trends amid the shifting sentiment. Gold, a classic safe-haven asset, extended its retreat, falling by 0.68 per cent to US$3,315 per ounce.

This decline is understandable in the context of a rising risk appetite, as investors reduce their holdings of gold in favor of assets with higher potential returns. I see this as a natural response to the trade agreement, though gold could regain favor if new uncertainties emerge.

In contrast, Brent crude oil surged by 1.9 per cent to US$70 per barrel, propelled by President Trump’s proposal to impose secondary tariffs on nations purchasing Russian oil ahead of a 50-day deadline. This move has raised concerns about a tighter oil supply, which is expected to boost prices.

The rally also reflects the improving global economic outlook, which tends to lift energy demand. The energy market remains vulnerable to geopolitical shifts, and any escalation in trade disputes could alter this trajectory.

Asian markets and US futures: A mixed outlook

Asian stock markets mirrored the uneven performance seen in the US, with Japan’s Nikkei 225 pulling back by 1.1 per cent. This decline likely stemmed from profit-taking after recent gains, though it highlights that not all regions are fully embracing the risk-on wave. Despite this, US equity index futures suggest that US stocks will open higher, pointing to sustained positive momentum.

Also Read: The future of global payments? Ant bets on AI and tokenized money

Investors are now fixated on a packed week ahead, featuring the FOMC meeting, US ISM manufacturing data, non-farm payrolls, second-quarter GDP figures, and earnings from four of the “Magnificent Seven” tech giants. These events will likely determine whether the current optimism persists or wanes.

Cryptocurrencies: Ethereum’s surge and Bitcoin’s mining milestone

The cryptocurrency market has also captured attention, with Ethereum briefly topping US$3,900, its highest level since December, before pulling back. This surge underscores growing investor enthusiasm for Ethereum, driven by its expanding role in decentralised finance and smart contract applications.

Bernstein analysts have noted that Ethereum treasuries, companies holding Ethereum as a reserve asset, are adopting a distinct approach compared to their Bitcoin-focused counterparts. These treasuries generate staking rewards, providing a yield on their holdings, which marks a significant evolution in how institutions utilise cryptocurrencies.

The analysts caution that this model introduces liquidity and security risks. Staking contracts, while generally liquid, can require days-long queues to unstake, forcing Ethereum treasuries to balance availability with yield optimisation. More advanced strategies, such as restaking or DeFi-based yield generation, further complicate matters by exposing firms to vulnerabilities in smart contracts.

This trade-off between yield and risk highlights the maturing nature of the crypto market, where innovation often comes with growing pains. Companies will need to navigate these challenges carefully to sustain Ethereum’s momentum.

Bitcoin, meanwhile, has seen its mining power approach a new record, with the 7-day average hashrate reaching 942 exahashes per second. This figure sits just below the all-time high of 943.6 exahashes per second set in mid-June, according to data from Blockchain.com.

The hashrate, which tracks the total computing power dedicated to mining Bitcoin, offers insight into the network’s security and the confidence of miners. The recent surge suggests that miners remain bullish on Bitcoin’s long-term prospects, despite its price cooling off in recent weeks.

This increase in mining power has persisted despite a new all-time high in Bitcoin’s difficulty, which adjusts to make mining more challenging as more power is added. Miners’ willingness to expand operations under these conditions reflects their belief in future price gains, likely driven by Bitcoin’s historical resilience and growing institutional adoption.

Also Read: Trump’s trade barriers and crypto bets: Rewriting the rules of global markets

I find this development encouraging, as it signals a robust foundation for Bitcoin, though it also raises questions about energy consumption and profitability if prices stagnate.

My perspective: Optimism tempered by caution

From my standpoint, the advance in global risk sentiment is a positive development, particularly after months of trade-related uncertainty. The US-EU agreement has provided a much-needed lift, and its effects are evident across equities, currencies, and commodities.

The strength in the US dollar and Brent crude, coupled with Ethereum’s price surge and Bitcoin’s mining milestone, paints a picture of a market eager to move forward. Yet, the mixed performance of US and Asian stock markets, along with gold’s decline, reminds us that not all investors are thoroughly convinced.

The week ahead will be crucial in determining whether this momentum is sustained. The FOMC meeting could signal shifts in monetary policy, while economic data, such as payrolls and GDP, will shed light on the health of the US economy. Earnings from tech giants will also play a role, given their outsized influence on market indices.

In my opinion, the current risk-on environment offers opportunities, but investors should remain vigilant. The cryptocurrency space, with its blend of innovation and risk, exemplifies this duality. Ethereum treasuries and Bitcoin miners are pushing boundaries, yet they face hurdles that could temper their progress.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

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Why university startups lag behind: Waseda University research reveals foundational gaps

A new study from Japan’s Waseda University sheds light on why university spin-offs, despite abundant academic resources and deep scientific expertise, often struggle to match the success of corporate-born startups. The research, led by Professor Alex Coad of Waseda Business School, dissects the entrepreneurial DNA of both groups and finds key differences in motivations, culture, and identity that may explain the disparity in outcomes.

While University Startup Entrepreneurs (USEs)—faculty, researchers, or students launching ventures from academic labs—bring cutting-edge innovations to the table, they frequently lack the commercial edge that Corporate Startup Entrepreneurs (CSEs) develop from their industry experience.

Coad’s analysis, published in The Journal of Technology Transfer in June 2025, argues that the divergence starts with motivation. USEs often pursue entrepreneurship as an intellectual extension of their research, prioritising scientific exploration over financial returns.

In contrast, CSEs are driven by a mix of autonomy, financial ambition, and market validation, which makes them more responsive to customer needs and commercial dynamics.

As Professor Coad notes, despite robust institutional support, USEs often underperform in the startup arena, a pattern with implications for national innovation strategies across the region.

Also Read: Global sentiment lifts off: The US-EU agreement’s ripple through stocks, commodities, and digital currencies

Moreover, USEs rely heavily on codified, academic knowledge, which may not transfer effectively across industries. CSEs, by contrast, leverage tacit business insights, gleaned from real-world experience, making them more adept at navigating markets and building customer relationships.

Identity also plays a role. USEs often struggle to shed their academic persona and fully embrace an entrepreneurial identity. This psychological barrier, combined with a reluctance to engage in managerial tasks or customer-facing roles, creates organisational friction that hampers growth.

Despite these challenges, Coad is optimistic. “Mentoring and peer networks can help USEs smoothly transition and adapt to their entrepreneurial role,” he says.

He advocates for tailored support from incubators and accelerators, encouraging USEs to adopt lean startup principles and deepen their understanding of customer needs.

This is particularly pertinent for governments and universities in Asia, where national policy often ties innovation performance to the success of academic startups. Adjusting these support systems to account for the unique traits of USEs could improve venture outcomes and help unlock the full potential of university-driven innovation.

Image Credit: Sincerely Media on Unsplash

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Echelon Singapore 2025 – Investing in innovation: The role of banks and CVCs in the Indonesian tech startup ecosystem

At Echelon Singapore 2025, BNI Ventures CEO Eddi Danusaputro offered an in-depth look at corporate venture capital (CVC) through the lens of his extensive experience in private equity and venture capital. In a candid fireside chat, he underscored that CVCs exist not purely to generate returns but to solve internal organisational challenges. Their role, he argued, is strategic—aligning startup partnerships with core business needs.

Danusaputro highlighted the often underappreciated complexities of integrating startups into large financial institutions, noting cultural clashes and regulatory friction as key hurdles. He recommended that startups engage with CVCs only after achieving post-Series A stability, ensuring they have the right talent and infrastructure in place to support meaningful collaboration.

For global startups eyeing the Indonesian market, Danusaputro stressed the critical importance of local knowledge and nuance, warning against a one-size-fits-all approach. He also proposed the adoption of a “maturation map”, a structured framework to help startups navigate their growth trajectory in a more deliberate and effective manner.

The session served as a practical guide for founders and investors alike, offering clarity on how CVCs can be more than capital providers: they can be catalysts for sustainable, strategic growth.

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From Singapore to 70+ cities in Japan: How SWAT is using AI to rewire ageing transit systems

Japan’s transport system may be world-renowned for its punctuality and efficiency, but beneath that polished surface lies a growing challenge: how to serve an ageing, decentralising population without sinking under the weight of unprofitable, outdated routes.

Into this complex landscape steps SWAT Mobility, a Singapore-born AI routing startup that’s rapidly becoming one of Japan’s most intriguing transport partners.

Since entering the market in 2020 with encouragement from Japanese investors like UTEC, SWAT Mobility has quietly expanded into over 70 Japanese municipalities.

But what’s driving this demand? It’s not just the tech—it’s timing. With the Japanese government now formally backing demand-responsive transport (DRT) as a key model for modern mobility, SWAT’s AI-powered solutions have found both relevance and resonance.

Also Read: “SEA + Japan is a long game”: MUIP’s Gerrard Lai on cross-border startup collaboration

In this conversation, CEO Jarrold Ong shares what drew SWAT to Japan, how its platform powers more inclusive, efficient transport networks, and why Japan is not just a proving ground but a launchpad for Southeast Asian innovation on the global stage.

Excerpts:

What first drew SWAT Mobility to Japan’s mobility space? Was there a specific gap or challenge that made it clear your solution would fit? How would you describe the key structural challenges that SWAT is trying to solve in Japan’s transport ecosystem?

Our Japanese investors, like the University of Tokyo Edge Capital (UTEC), encouraged us to explore the Japanese market. We discovered that many of the smaller towns in the country faced challenges such as rural transport issues and an ageing population. By 2050, one-third of Japan’s population will be 65 or older, with a concentration of older adults in rural regions due to urban migration.

Current public transport options like fixed-schedule buses fail to meet the specific needs of elderly residents, including inconvenient bus stops, long distances, or poorly timed schedules for essential trips like hospital visits. Public transport operators also struggle with profitability due to low ridership.

The central government has embraced demand-responsive transport (DRT) as a viable solution to these challenges. Multiple regional trials have demonstrated DRT’s potential to deliver more flexible, cost-effective transportation for elderly residents. The government has formally endorsed DRT as an official public transport model, targeting implementation in 500 cities in the next few years. To encourage adoption, municipalities receive subsidies to explore proof-of-concept (POC) projects.

This initiative creates substantial opportunities for tech-driven solutions like SWAT Mobility’s platform to revolutionise public transportation efficiency.

Japan is known for its efficiency and strong transport infrastructure. Where do you see the most enormous inefficiencies or gaps your AI platform helps close?

City governments and public transport operators in Japan face a growing challenge: their public transport systems are often unprofitable, with subsidies used to sustain inefficient fixed-schedule bus routes. These routes, however, fail to meet the needs of elderly residents due to inaccessible bus stops, inconvenient schedules, and limited flexibility.

SWAT Mobility’s platform provides city governments and public transport operators with the tools to transition from traditional, inefficient bus routes to a flexible, data-driven, cost-effective DRT system. This not only benefits elderly and underserved populations but also supports the long-term viability of public transport systems across Japan.

Can you explain how SWAT’s AI-powered vehicle routing works in the Japanese context, especially when layered over local taxi networks?

Transport Analytics Platform: Our Transport Analytics solution enables city governments and public transport operators to visualise their ridership data, uncover insights, and optimise their existing services. Municipalities can analyse current fixed-route operations with our platform to identify inefficiencies and test alternative solutions like Demand-Responsive Transport (DRT).

Also Read: Japan’s innovation dilemma—and why SEA startups could be the answer

Additionally, the platform allows simulations to compare the effectiveness of replacing traditional routes with DRT services. We also provide data analytics consulting services where we source, study, and process relevant data to generate useful insights, enabling clients to make data-driven decisions. Our platform will automatically suggest improvements in the future, streamlining the optimisation process.

SWAT Mobility CEO Jarrold Ong

DRT System: It offers a flexible and cost-effective alternative to fixed-schedule buses. This solution can be tailored to fit each city’s unique boundaries and service requirements, allowing public transport operators to offer more personalised and efficient service.

  • Booking flexibility: Passengers can easily book rides through the Passenger app or via the call centre. This allows for greater flexibility in scheduling, making it easier for elderly passengers to secure rides for appointments like medical visits or grocery shopping.
  • Optimised operations: Once a booking is made, our algorithms automatically assign rides to the most efficient vehicle, minimising the number of vehicles on the road and reducing unnecessary mileage. This means fewer empty vehicles driving around, leading to significant cost savings.
  • AI-driven driver support: Drivers use the Driver app, which provides turn-by-turn navigation and guides them to pick up and drop off passengers in the most efficient order. By leveraging AI, the system ensures drivers operate only when passengers are onboard, further optimising vehicle utilisation.
  • Enhanced accessibility: The system can also offer doorstep pickups and more flexible service times, ensuring that elderly residents have easier access to public transport at times that fit their schedules.

Our DRT solution has consistently proven to be more cost-effective than traditional fixed-route services. By reducing the number of vehicles needed, optimising routes, and increasing accessibility, DRT services can deliver better outcomes with the same or lower operational costs. This results in greater ridership, improved public satisfaction, and a more sustainable transport system.

What kind of data inputs does your system rely on in Japan, and how do you localise your tech to fit unique traffic flows, road layouts, or cultural commuting habits?

We partnered with Zenrin to obtain more accurate map data. Our end-user applications, such as the Passenger and driver apps and call centre software, can be white-labelled and localised in the Japanese language. As part of the service setup, we typically also run simulations and transport planning for our clients.

How does Japan fit into SWAT’s broader growth strategy? Are you targeting other developed markets with similar demographic and infrastructure dynamics?

Japan is a key part of our growth strategy and one of our most exciting markets. It has a mature transport ecosystem, high urban density, and a rapidly ageing population, creating a strong need for efficient, tech-driven mobility solutions.

What also sets Japan apart is the strong appetite for high-quality, optimised services, especially in sectors where labour shortages are becoming more pronounced. We’ve found that developed markets like Japan, where operational efficiency is critical, tend to see greater value in our optimisation technology.

We’re also actively exploring other developed markets with similar infrastructure and demographic dynamics, where we believe we can deliver the same level of impact.

What does success look like for SWAT in Japan over the next 12-24 months?

We currently have operations in over 70 areas in Japan. Our aim is  to be able to triple that in 12-24 months.

We’ve also expanded our product offering to the logistics sector with a Dispatch Management System designed to address complex last-mile challenges. Our solution helps tackle issues related to the “Japan 2024 Problem,” which limits driver overtime hours, as well as the new Logistics Efficiency Act aimed at promoting sustainability. Our technology helps logistics companies improve operational efficiency while ensuring compliance with these evolving regulations.

Also Read: ‘If Japan doesn’t open up, it will stagnate’: UntroD’s Kumamoto on what must change

What does your expansion into Japan say about the capabilities of Southeast Asian startups in solving global-scale infrastructure problems?

Japan is often seen as a challenging market for foreign entrants, especially startups. While established companies have traditionally played a leading role, there’s a growing openness to innovative startups, creating new opportunities for Southeast Asian businesses. That is why our expansion in Japan is a meaningful milestone, not just for SWAT, but for startups across the region. Navigating language and cultural differences has been a valuable learning experience, helping us grow and become more competitive globally.

What are some learnings from Japan that could be applied back to Southeast Asia or other regions that SWAT is exploring?

Collaborating with clients in Japan has been incredibly valuable for our growth. The market strongly emphasises precision, consistency, and high-quality service—traits that have helped us refine our software and operations in meaningful ways. These enhancements have improved our work in Japan and strengthened our capabilities across Southeast Asia and other regions we’re entering.

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