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Why we changed our vision after 11 years: Building a unified Southeast Asia

In 2013, we made a promise: Every entrepreneur deserves a fair chance to be successful. Back then, Southeast Asia’s tech ecosystem was in its infancy. The region was full of potential, but the path to startup success was opaque and uncertain. There wasn’t even a clear venture ecosystem. Founders couldn’t be certain they’d be able to raise later-stage funding. The likelihood of startups succeeding felt hazy at best.

So we built e27 with a simple belief: access to capital, information, and connections shouldn’t be limited to those with privilege or the right networks. We wanted to create a platform where any entrepreneur, regardless of background, could find the tools, resources, and connections they needed to build and grow their companies.

In those early days, getting individuals to leave the comfort of their corporate jobs to venture into building companies was itself a challenge. The entrepreneur was the driving force for building a healthy ecosystem. Much of the work we did focused on encouraging people to take that leap, to bet on themselves, to build the future they envisioned.

For eleven years, that vision served us well. And it should have, as it reflected the reality of the ecosystem we were building in.

The ecosystem grew up, so did we

Fast forward to 2024, and Southeast Asia’s tech landscape is barely recognisable from what it was in 2013. The ecosystem has grown and matured significantly. It’s become more saturated, more sophisticated, more complex. We’ve weathered COVID-19 together. We survived the tech crash of 2022. We’ve navigated inflation, geopolitical shifts, and a fundamental recalibration of what sustainable growth actually means.

The crash of 2022 was particularly revealing. It exposed flaws in how funding had been flowing and which companies were receiving capital. It shifted the conversation back to fundamentals: profitability, sustainable growth, building real value rather than chasing valuation at any cost.

The ecosystem needed a new sense of direction. And so did we.

During our annual retreat this year, we have them regularly, nothing particularly special about this one, we found ourselves in a series of conversations that gradually revealed something we’d been feeling but hadn’t quite articulated: we had outgrown our own vision and mission.

There was no single “aha” moment. No dramatic revelation. Just a growing realisation as we discussed the work we’d been doing over the past few years. When we looked at our 2013 vision and mission statements, they felt… incomplete. A bit boring, even. Too narrow for the scope of work we were now doing.

The truth was simple: our work had evolved far beyond what those statements captured.

The work changed, the players multiplied

Over the past decade, e27 has played a significant role in shaping different aspects of Southeast Asia’s tech ecosystem, aspects that extend far beyond individual entrepreneur empowerment.

We’ve worked closely with governments on programs that affect entrepreneurs and investors. We’ve collaborated with major corporates on how they participate in the tech ecosystem and engage not just with entrepreneurs, but with investors and other stakeholders. We’ve built relationships with ecosystem builders across the region. And increasingly, especially with the rise of AI, we’ve started working more closely with SMEs.

The nature of our impact had expanded. We were no longer just focused on founders in isolation; we were connecting and convening the entire ecosystem.

Also Read: How early-stage founders can manage their runway without starving growth

Meanwhile, the ecosystem itself had transformed. Today, there’s no shortage of programs and activities supporting entrepreneurs. Private accelerators, government initiatives, corporate innovation programs, and venture-based support systems are everywhere. Some are excellent, some less so, but the landscape is crowded with opportunities for founders.

What became clear to us is that individual entrepreneur empowerment, while still important, is no longer the primary gap in the ecosystem. The real gap? Unity. Connection. Coordination.

Fragmentation is the enemy of scale

Here’s the uncomfortable truth: Southeast Asia has been, and likely will always be, fragmented to some degree. We’re talking about a region with different languages, regulations, currencies, infrastructure maturity levels, cultural norms, and business practices. This complexity is both our defining characteristic and our greatest challenge.

And in today’s reality, this fragmentation has real consequences.

Companies that want to scale beyond Series A are increasingly expected to be present in multiple markets. Investors want to see regional traction, not just local success. The world’s fastest-growing internet economy and a rising middle class are wonderful macro trends, but they only translate to real value if we can produce sustainable, long-term, globally impactful companies that can compete with the dominant players around the world.

Siloed markets make this exponentially harder.

If Southeast Asia doesn’t unify and if we continue operating as separate, disconnected markets, we risk being overlooked on the global stage. We risk watching as Silicon Valley, China, India, London, and increasingly the Middle East continue to dominate the conversation about innovation and tech leadership.

We risk having a region full of potential that never quite delivers on its promise. But here’s what excites me: we’re already seeing glimpses of what’s possible when Southeast Asia works together.

The Johor-Singapore Special Economic Zone (JS-SEZ) was launched to promote deeper collaboration between Singapore and Malaysia. We’re seeing increased travel routes across the region, improving business connectivity. There are joint infrastructure investments happening, particularly in areas like data centres. Free trade conversations are advancing. Borderless transactions are becoming more common.

These aren’t just policy initiatives; they’re signals of a region beginning to see itself as a unified block rather than a collection of separate countries.

Also Read: Governing your startup: What founders can learn from politics and vice versa

A vision that matches our reality

During our retreat, as we kept circling back to these themes, the path forward became increasingly clear. We didn’t just need to tweak our mission statement. We needed to fundamentally expand how we saw our role in the ecosystem.

The old vision was very entrepreneur-centric: “Every entrepreneur deserves a fair chance to be successful.” It made perfect sense in 2013 when there weren’t many startups or founders, and encouraging entrepreneurship itself was the primary need.

But in 2024, what the ecosystem needs is something bigger. It needs an organisation that actively works to bring all of Southeast Asia together. Most organisations focus on one local market. We’ve always believed that for this region to achieve global standing, it must be united—and we’re uniquely positioned to play that connective role.

So we evolved.

Our new vision: We envision a unified Southeast Asia tech ecosystem that drives collaboration, innovation, and global leadership.

Our new mission: To create platforms that curate information and connect stakeholders, driving the sustainable growth of the Southeast Asia tech ecosystem.

When we landed on these words, it felt refreshing. It felt right. In fact, we found ourselves wondering why we hadn’t articulated this sooner. This isn’t just wordsmithing or corporate rebranding. It’s a fundamental shift in how we understand our purpose.

From empowerment to connection

The shift from “empowering entrepreneurs” to “connecting stakeholders” might seem subtle, but it represents a profound evolution in our thinking. Empowerment assumes a one-directional relationship: we provide tools, and entrepreneurs use them. Connection, however, is multidirectional and generative: we create platforms where investors, founders, corporates, governments, ecosystem builders, and SMEs can all engage with each other, learn from each other, and build together.

The stakeholders we work with haven’t actually changed much. They’re largely the same groups we’ve been engaging since day one. But how we think about bringing them together has fundamentally evolved.

We’re doing this both online and offline.

On the online side, we’re using content and media to be a thought leadership platform that promotes and encourages open sharing and learning across all regions. This includes initiatives like our contributor program, which democratises the ability for anyone in the ecosystem to share their insights and become a thought leader.

On the offline side, we’re running large-scale events like Echelon that physically bring the region together. We’re also collaborating with corporate partners like Meta and others on programs that connect different parts of the ecosystem in meaningful ways.

Every platform we build, every program we run, every connection we facilitate is in service of one goal: making Southeast Asia more unified, more collaborative, more ready to compete on the global stage.

Also Read: How founder misalignment quietly erodes companies in the age of AI

Why this matters now more than ever

The world is watching Southeast Asia.

We have the demographics. We have the growth trajectory. We have the talent. We have problems worth solving and opportunities worth seizing. What we need to prove is that we can work together as a region. That we’re not just a collection of promising individual markets, but a unified ecosystem capable of producing companies that matter globally.

This isn’t about every company needing to be big in Southeast Asia to succeed globally—there will always be outliers who build global businesses without regional dominance. But as a region, if we want the Southeast Asian tech ecosystem to be taken seriously on the global stage, we need to demonstrate that companies can scale regionally and that this region can operate as one cohesive block.

The stakes couldn’t be higher. And the opportunity couldn’t be clearer.

An invitation to build together

I’ve always believed that Southeast Asia, with all its complexity, all its challenges, all its opportunities, is a region where startups can truly grow and flourish. But that belief comes with a responsibility. We can’t build this future alone. e27 can create platforms and convene stakeholders, but the actual unification of Southeast Asia’s tech ecosystem requires all of us, every founder, every investor, every corporate partner, every government official, every ecosystem builder, to see ourselves not just as participants in our local markets, but as architects of a regional powerhouse.

This is our renewed commitment. This is the promise we’re making for the next chapter of e27‘s journey.

We’re no longer just ensuring every entrepreneur has a fair chance. We’re working to ensure that Southeast Asia itself has a fair chance, a chance to show the world what this region is capable of when we work together.

The vision is ambitious. The mission is clear. And the time is now.

Let’s build a unified Southeast Asia that the world can’t ignore.

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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Ant International’s WorldFirst launches enterprise solution to power enterprises global growth

WorldFirst, backed by Ant International, launches an AI-driven enterprise API to streamline global payments, treasury and compliance for fast-growing platforms.

WorldFirst CEO Clara Shi unveiled the new Enterprise Solution at Ant International’s Global Voyage Event in Singapore

WorldFirst, Ant International’s global account service provider, has launched an API-integrated and AI-driven solution tailored to global enterprises It leverages WorldFirst’s unified global account, full-range financial services, and AI capabilities such as smarter treasury management to help streamline global funds distribution, unlock new revenue streams, and strengthen customer relationships.

Scaling global platforms without financial friction

McKinsey research predicts that within six years, digital platforms will facilitate over 30%—about $60 trillion—of global economic activity. Yet as enterprises operate digitally and expand globally, they face critical financial obstacles: inefficient payments, high costs, compliance complexity, and fragmented customer experience—all creating friction that hinders growth.

Built with security and efficiency at its core, the WorldFirst Enterprise Solution delivers a comprehensive suite of financial services accessible via an integrated API solution. It is designed to help global enterprises across e-commerce, the gig economy, SaaS, OTAs and other digital platforms to automate critical financial functions directly within their existing systems. The solution reflects WorldFirst’s strategy to combine global expertise with innovation to deliver future-ready financial rails.

Also read: Ant Group Chairman Eric Jing outlines strategy for inclusive AI, collaboration on tokenised settlement

WorldFirst core capabilities at a glance

Key features of the solution include:

  • Broader global connectivity: Tap into 200+ markets through WorldFirst’s multi-currency World Account, with compliance backed by 60+ global licenses.
  • Stronger global spend solution: Launch and manage card issuing via World Card, plus mass payouts in 100+ currencies to bank accounts and wallets worldwide.
  • Smarter treasury management: Maximise revenue by Leveraging Ant International’s Falcon AI forecast model, with >90% accuracy on liquidity and FX forecasting.
  • Faster global money movement: Powering 95% same-day global transfers & real-time settlement in 25 currencies through WorldFirst’s leading bank partnerships.
  • Simpler API+AI-native integration: Boost efficiency with a developer-centric AI toolkit for risk management, compliance, and 24/7 global support.

Also read: Ant International debuts iris authentication for smart glasses payments

Platform adoption in action

To overcome critical financial obstacles for its vast network of third-party sellers, a leading global e-commerce platform is leveraging WorldFirst’s Enterprise Solution for a comprehensive financial solution tailored to its ecosystem. This included a multi-currency wallet with automated eKYC/eKYB and global treasury management capabilities for collection, payment, and foreign exchange services.

Through seamless API integrations, the platform significantly improved the seller experience—cutting seller onboarding to under a day, strengthening compliance, and boosting global scalability with WorldFirst’s extensive global coverage.

“Efficient payment and account services are no longer optional—they are fundamental to how platforms operate and compete globally,” said Clara SHI, CEO of WorldFirst and Vice President of Ant International. “At WorldFirst, we built our API-integrated enterprise solution precisely to meet this critical need. It delivers a responsive and streamlined treasury experience, enabling digital platforms to lead in today’s fast-paced market. We remain dedicated to deepening the integration of fintech and global commerce, empowering businesses to seamlessly connect with the world.”

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Survey: Cost pressures, global uncertainty weigh on 2026 outlook for businesses in Singapore

Business confidence in Singapore declined further in the third quarter of 2025, signalling a more cautious 2026 outlook as companies face persistent global uncertainty and rising operating costs.

The Singapore Business Federation’s National Business Survey 2025 – Annual Business Sentiments Edition shows the Business Sentiment Index (BSI) dropping from 55.4 in Q2 to 52.2 in Q3. The 3.2-point fall is significantly sharper than the 1.1-point dip recorded earlier in the year, indicating a sustained weakening in sentiment.

The survey also finds that expectations for Singapore’s economic performance remain subdued. Thirty-seven per cent of companies expect the economy to worsen over the next 12 months, while only 14 per cent foresee any improvement. This imbalance reflects continued caution among businesses as they weigh the impact of global conditions on domestic activity.

Confidence levels differ widely across industries. Banking & Insurance, Other Financial & Insurance Activities, and Construction & Civil Engineering remain comparatively positive. In contrast, Hotels, Restaurants & Accommodations (HRA), Retail Trade, and IT & Related Services show weaker sentiment.

Profitability expectations have deteriorated, registering 48.5 on the index — a 2.9-point decline from Q2. SMEs are notably more pessimistic than larger companies. Twenty-two per cent of SMEs express dissatisfaction with current conditions, compared with 15 per cent of large firms. Looking ahead, 38 per cent of SMEs expect conditions to worsen in the next year, versus 34 per cent of large companies.

Also Read: Small steps, big impact: How SMEs can champion ESG initiatives

Differences also emerge across sectors. Firms in Retail Trade and HRA expect the next 12 months to be more challenging, while a larger share of companies in Administrative & Support Services, Banking & Finance, and Wholesale Trade anticipate improvements.

Tariff concerns ease, but global sentiment weak

Concerns over US tariffs have moderated since the initial reaction in April. Negative assessments dropped from 81 per cent to 57 per cent by October 2025. The share of businesses reporting no significant impact increased from 15 per cent to 41 per cent.

Despite this improvement, dissatisfaction with the global business climate remains high at 33 per cent, compared with 14 per cent who are satisfied. Businesses are more optimistic about ASEAN, where 22 per cent report satisfaction with conditions.

This suggests regional markets continue to provide opportunities amid broader global weakness.

Manpower cost remains the top business challenge, cited by 63 per cent of respondents. Customer demand uncertainty (44 per cent) and rental cost (40 per cent) also rank high.

Cybersecurity and data-privacy risks have grown in prominence, rising to 36 per cent and entering the top five concerns. These risks are reported most frequently in HRA, Banking & Insurance, and Other Financial & Insurance Activities.

Sector-specific challenges continue to shape business responses. Manpower availability has the highest impact on HRA and Health & Social Services. Foreign workforce policies affect Construction & Civil Engineering and HRA firms most strongly.

Also Read: Inside Funding Societies’ strategy to help SMEs grow through stronger institutional funding

Retail Trade companies report the most significant concern over training staff to adapt to new technology, while Banking & Insurance companies highlight employee skills as a key issue.

Profitability pressures remain widespread. Only four per cent of firms report increased profitability over the past year, while 34 per cent experienced declines. Rising manpower, rental and logistics costs are the main contributors. Utilities are a top cost concern for SMEs, while large companies point to raw-material price volatility as a significant factor.

Strategic priorities shift ahead of the 2026 outlook

In response to these pressures, businesses are adjusting their priorities for the coming year. Increasing employee salaries (39 per cent), investing in new tech (33 per cent), and expanding into overseas markets (30 per cent) are among the top intentions. The most substantial increases are in overseas expansion, business process re-engineering, and supply chain diversification.

Revenue growth and cash flow management remain the most important goals for the next 12 months, at 65 per cent and 49 per cent, respectively. More companies are now focused on securing new business opportunities, overtaking talent-related priorities such as staff retention and training.

SBF Chief Executive Kok Ping Soon said businesses remain cautious about the 2026 outlook, despite reduced concerns over US tariffs. He cited manpower costs, external demand uncertainty, and rental pressures as key challenges and noted that companies are calling for support in Budget 2026 to manage costs, strengthen cash flow, and invest in workforce development.

He said SBF will continue working with companies and the government to help maintain Singapore’s attractiveness as a business hub.

Image Credit: Priscilla Du Preez 🇨🇦 on Unsplash

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Gobi Partners’s expansion sets stage for increased Japan–SEA co-investments

In a strategic move aiming to reshape Asia’s venture landscape, early-stage VC firm Gobi Partners has entered Japan, becoming a Global Network Partner at Takanawa Gateway Link Scholars’ Hub (LiSH), operated by East Japan Railway Company, JR East

This step marks a concerted effort to link Japan’s deep industrial and technological ecosystem with the entrepreneurial dynamism of Southeast Asia.

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

LiSH, situated in the futuristic Takanawa Gateway City and directly connected to Tokyo International Airport, serves as a “global gateway” for startups, corporates, and researchers to collaborate on innovations shaping urban life. Opened in May 2025, the hub embodies the country’s ambition to redefine future living through smart-city solutions and cross-border collaboration.

For Gobi, the move underscores a strategic pivot: rather than simply backing Southeast Asia-born startups, the firm now aims to function as a trans-regional bridge, connecting supply-side industrial might with demand-side startup energy. As Gobi co-founder and chair Thomas G. Tsao said, the goal is to position the VC firm “in the middle” of what he describes as the “next wave of cross-border venture activity.”

This expansion builds on years of existing collaboration. Gobi has already co-hosted the Malaysia-Japan Innovation & Capital Forum with entities, including Tokyo Stock Exchange and JETRO. The firm has also partnered with Japan-based funds and corporates — channeling capital and strategic backing into Southeast Asian digital-economy businesses.

Previous portfolio companies under Gobi have received investment or strategic support from Japanese corporations, including Saison Group, OSK SBI Group, Yamato Transport, Persol Group, Cool Japan Fund, Sumitomo Corporation, Kodansha, MUFG, and Daiwa Securities Group, underscoring deep financial, operational, and strategic linkages.

Japan itself is doubling down on global outreach. Its national Startup Development Five-Year Plan (2022-2027) aims to nurture 100,000 startups and produce 100 unicorns, with cross-border collaboration seen as a key pillar. Recent data underlines momentum: venture funding in Japan rose 35 per cent in 2024, while Southeast Asia attracted over US$5 billion in early-stage capital, suggesting both regions are entering a new phase of mutual convergence.

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

With this expansion, Gobi Partners is betting on a powerful thesis: that Asia’s next growth wave will not come from isolated ecosystems, but from connected ecosystems, where Japanese industrial excellence meets Southeast Asian startup agility. For global and regional investors, the newly merged network offers fresh opportunities for co-creation, capital deployment, and scale beyond borders.

As Tsao puts it: “Where others see risk, we see inevitability.” And if this move pays off, it may mark the start of a new era for pan-Asian venture capital — one where capital, talent, and ideas flow freely between Tokyo, Kuala Lumpur, Jakarta, Manila and beyond.

Last year, Gobi Partners established a strategic partnership with Japan-based Cross Capital to facilitate cross-border innovation and enhance the flow of Japanese investments into Southeast Asia’s startup landscape.

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Reinvention vs improvement: Are we changing the pocess or the product?

We often celebrate innovation when we see faster machines, sleeker designs, or smarter systems. But the deeper question is: are we truly reinventing, or simply improving efficiency?

Recently, I watched a video on modern car manufacturing. Robots worked with flawless rhythm, welding and assembling at incredible speed. It was impressive. Yet, what rolled out of the factory was still a car. The production had changed — the product had not.

This tension between process and product runs through not just technology, but also education.

Process vs product

Improvement focuses on process. It makes things easier, faster, or more automated. But it doesn’t always change the essence of what’s being created.

Take assistive technology. The wheelchair has seen countless upgrades: lighter frames, motorised wheels, even smart navigation. Yet, a wheelchair is still a wheelchair. The product has not been reimagined.

The bigger question is: can we move beyond improving the chair to enabling mobility itself? Can we reimagine human movement rather than refining the tool?

Why this matters in education

Education mirrors this dilemma. Classrooms have adopted digital tools, online platforms, and AI-powered grading systems. But are we reinventing learning, or just making the old system more efficient?

  • Are students still memorising facts — just now on tablets instead of paper?
  • Are tests still the ultimate measure of intelligence — simply graded faster by algorithms?
  • Are we still chasing the same narrow definitions of success, wrapped in digital packaging?

When efficiency becomes the main goal, we risk modernising the delivery while leaving the purpose untouched.

What reinvention looks like

Reinvention requires imagination, not just efficiency. In education, some models are already pointing the way:

  • Montessori and project-based learning shift focus from memorisation to exploration, nurturing curiosity and independence.
  • Finland’s education system prioritises problem-solving, collaboration, and well-being over exam performance.
  • AI tutors and adaptive platforms personalise learning instead of just digitising it, allowing each student to progress at their own pace.

These aren’t simply upgrades. They represent a deeper rethinking of what learning is for.

The reinvention mindset

The difference between improvement and reinvention can be summed up as:

  • Improvement = polishing → doing the same thing, but better.
  • Reinvention = rethinking → asking if the “thing” itself should be different.

Also Read: To what extent will AI affect the media industry?

If we want to prepare future thinkers, we must stop glorifying efficiency alone and ask bigger questions:

  • What is the purpose of education in an age where knowledge is everywhere?
  • How do we measure success when creativity, adaptability, and empathy matter as much as grades?
  • Are we teaching children to use tools, or to reimagine tools altogether?

Application for future thinkers

To adopt a reinvention mindset, start small:

  • Question assumptions – Instead of asking, “How can this be improved?” ask, “Why does this exist at all?”
  • Prioritise human outcomes – A “better” system isn’t one that produces higher scores, but one that nurtures stronger thinkers and happier lives.
  • Prototype boldly – Reinvention often begins with experiments: a flipped classroom, a hands-on project, or a community collaboration.

Conclusion

Whether in technology, healthcare, or education, the same question applies:

Are we just improving the process, or are we reinventing the product?

Because in the end, a car is still a car, a wheelchair is still a wheelchair, and a classroom is still a classroom — unless we have the imagination to reimagine what mobility, learning, and living could mean altogether.

That’s where true innovation begins.

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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