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Property data startup Urbanmetry scores US$2M pre-Series A led by Monk’s Hill

The Urbanmetry team

Urbanmetry, an AI-driven city and property data company in Malaysia, has closed its pre-Series A round of US$2 million led by Monk’s Hill Ventures.

The Kuala Lumpur-headquartered startup will use the money to develop intelligent data products and platforms to serve end consumers in the property and mortgage markets. A portion of the capital will be used to build out its product, technology, data, and business development teams, as per a press note.

Urbanmetry is a property data company that harvests, cleans, and analyses large amounts of city data through artificial intelligence and proprietary algorithms to extract trends and patterns in the built environment.

It offers this data to public and private sectors to create a more efficient and transparent property market, improve city planning, and shape a sustainable urban environment.

Also Read: Monk’s Hill Ventures head of talent’s guide to startup jobs search in Singapore

“For years, our engineers have been building in-house AI and data-powered solutions to help banks, government, and property developers better quantify risks and opportunities in the real estate market. However, the data gap is detrimental to both key industry players and individual homeowners alike. In the future, our team plans to push the technological envelope further to better fund homeowners and build sustainable cities for our shared future,” said Urbanmetry CEO and Founder Koh Cha-Ly.

Urbanmetry boasts over 150 corporate clients in the region, including UEM Sunrise, Kuok Group, RHB Bank, and the World Bank. Clients partner with Urbanmetry to conduct their due diligence and analysis of the housing and property market before making multimillion-dollar investment decisions.

In addition to providing data and insight to institutional clients, Urbanmetry also offers products for the homeowner. To assist homebuyers in making their mortgage commitment, Urbanmetry has launched Nowcast. This AI-driven service helps homebuyers forecast the value of their homes based on machine learning from 90 city data variables. Nowcast reports are available through banks in Malaysia to mortgage applicants today.

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From teaching to a writing startup: Why and how I’ve pivoted my career

I had spent two years working as a French language teacher for high-school students. In love with languages and the process of learning, I dreamt of being a teacher since childhood and considered this profession a perfect fit for myself.

Later, I’ve given up teaching for pursuing copywriting, working as a ghost and an essay writer for college students between whiles.

Now, I’m a professional copywriter and guest contributor, currently blogging at Bid4Papers and freelancing as a content creator. I do data research, content writing, repurposing, and distribution.

Why I decided to make the change

I loved the actual teaching. But when I chose this profession, I forgot about one tiny detail: introversion!

All collaboration and social interaction behind the class was hard to handle: noisy kids, regular talks with parents, — let’s face it, far from all agree with a teacher’s feedback, arguing rather than listening — group work… They all drove me nuts.

Stresses and burnouts were not long in coming. And the time is ripe for my disillusion with a teacher’s daily routine. Every time I went to the class, I thought I couldn’t deal with the school environment anymore. It was a kind of work depression, with all physical and mental problems that it implies.

The moment of truth

It was my boyfriend who helped me drive home to reality. One day, after I came back from school nervous and willing to ‘kill those who invented parents’ evenings,’ he said, “It’s just not your thing.”

And it was that very moment, after two years in school, when I stopped and thought first about what was MY thing, actually.

I took a seat, a sheet of paper, and a pen; I wrote down my hard and soft skills to see what work I could do that would fit my inwardness as well. I even checked different coding boot camps in Chicago, believing in the power of cross-skilling and IT for my future career.

Also Read: Beyond burn out: Why you should also celebrate the pursuit and not just wins

But long story short, writing appeared to be the best option to try.

How did I go about making the shift?

It was a game-changer that led me to a successful career as a content architect in love with neuro-copywriting. And it allowed me to beat the impostor syndrome and reach (finally!) a work-life balance.

Once I left my school job, I started looking for freelance writing opportunities. I had two problems that day: I couldn’t imagine myself doing anything besides academic writing, and I was strapped for cash.

So, I joined the team of writers at Bid4Papers, who helped students with academic papers. It wasn’t an entirely kosher activity, but it helped me network, polish my writing skills, and take the next step toward professional copywriting and ghostwriting.

My mistake was to consider this work something terrible and unfair.

I didn’t work on building a personal brand and promoting my writing services because of that. And it cost me tons of nerves, portfolio absence, and problems with self-identification.

Hundreds of my articles were live online without my name in bylines. It led to difficulties with getting freelance offers – people wanted to see my work, but I couldn’t provide them with anything worthy.

But once I’ve managed my self-presentation, I already had enough background and skillset to ask fair charges for my services.

The most challenging thing about shifting to a startup

I was leaving my comfort zone of a nerdy academic and stepping outside some of my inner principles.

It was more like a struggle with my demons, my one-sided vision of education, and my rose-tinted glasses about noble people in a business world. But thanks to this struggle, I was able to adapt my knowledge and skills to the market demand.

Also Read: Why I left Silicon Valley to build a coding boot camp in Singapore

Online courses, webinars, niche blogs, and conferences on copywriting and digital marketing were (and are!) my best friends to stay tuned, polish my skills, and get inspiration for new writing projects.

Also, I am lucky to work with professional editors who are strict but fair to say something like, “It’s bulls**t, revise it all!” or “Your grammar sucks, go and re-read Strunk’s Elements of Style!” They don’t allow me to relax and stop learning.

The biggest lesson

There’s no pure black or pure white in this world. To succeed, you need to develop emotional intelligence and adapt to that grey reality.

Don’t stop learning and trying new things. Even if it seems useless or controversial at first, every skill you have will come in handy one day.

If you feel uncomfortable with your career, it’s never late to make a turn. Yes, it’s scary. Yes, you will doubt. And yes, many will try to dissuade you.

But it is better to take the risk than spend years doing something that doesn’t bring comfort and harmony with your inner self.

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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How machine learning really impacts us in our daily lives

Machine learning (ML) is still quite an unknown to some of us, even though most of us have benefitted from it daily, especially if you are reading this article from your devices.

However, computer engineers (myself included) are not the best at explaining. Here is my attempt to break down how ML impacts us in our daily lives from Google Research 2021 blog.

More tasks can be automated better

The tasks that we do usually have a combination of text, voice, images and videos as inputs. We, as humans, take those inputs and process them based on what we are trained to do, and as a result, produce outputs.

For example, my husband was nagging me to order food for my cat (Lady Meow Meow), as her food was running out. With technology, my husband’s voice can be converted to be sent directly to our supplier. Or even better, the image of the cat food pack looks low in stock, and the order goes out automatically.

Tasks/computation can be done quicker

Advancements are made in both hardware and software to make the tedious computation work more efficient. (I am personally most excited about this, as it was my previous research area, but it is the most un-sexy trend for most.)

Also Read: How voice AI is revolutionising the fintech scene

Technology can help us live better

Our devices can help us take better pictures and videos, have clearer communication, write better and even drive more safely. There are also other interesting applications like your ML agents waiting on hold for you or screening calls automatically.

Good news for the poor photographers among us! ML can help rectify blurry pictures and safe-keep wonderful moments with loved ones. Of course, this is just one of the many applications.

Impact on science, health and sustainability

The advances in computer vision help us forecast weather more accurately and provide a rapid damage assessment after natural disasters.

From the health perspective, ML can not only see the hidden characteristics of genomics data, it can also assist with diagnosis.

By optimising routing through Google maps, we can reduce fuel consumption and carbon emissions.

Build inclusive and unbiased societies

Existing ML models can be biased towards male and Western demographics because of the data that these models are trained with. This is the same problem that many medical studies face — and biases in the medical field can lead to misdiagnosis.

Check out this segment by John Oliver that exposes biases in medicine. Case studies have explored issues like gender and age bias in datasets.

I hope these are helpful for you! Please feel free to reach out if you have any questions.

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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Japan’s Arkray launches US$87M VC arm to back healthcare startups in Asia

Arkray’s Kyoto office

Arkray,  a Japanese company developing products that focus on diabetes testing and urinalysis, has launched a corporate venture capital (CVC) business through an affiliate in Singapore.

Named Arkray 4U, the JPY10 billion (US$87 million) fund aims to support startups in the healthcare and related sectors in Japan, Southeast Asia, India and Israel. Its goal is to invest in and support healthcare startups that can utilise the parent company’s assets/resources to scale and grow.

“We will invest in what we term the broader healthcare sector. For example, digital healthcare, medtech, biotech, AI, IoT medical devices, cloud pharmacies, medical diagnostics, personal wellness & self-care, pet-tech, medical and functional foodtech. Granted, functional foodtech is not exactly healthcare. Still, there is some relevance due to the close correlation between food and health,” according to Wei Cong SEAH, Senior Investment Associate (CVC) at Arkray.

The fund doesn’t have a minimum cheque size but it may invest up to JPY 300 million (US$2.6M) per company. It anticipates investing in a “fair number” of startups and is already conducting due diligence with a few.

Also Read: Is blockchain the future of medicine in creating a more secure healthcare?

Arkray 4U will provide extensive support for the growth of innovative businesses and technologies through tangible and intangible business assets owned by the Arkray Group worldwide. It uses global business assets to support startup companies’ rapid growth and accelerate their services through tangible and intangible business assets owned by the group worldwide.

According to the healthcare company, technological innovation is accelerating in the medical industry with the introduction of new testing methods and improved convenience using AI and digitisation. However, many startups seeking to develop innovative technologies and services must select and concentrate management resources for various reasons.

Arkray is a diabetes testing company that developed a “simple” glucose meter in 1970. Since then, it has provided diabetes treatment and guidance and improved patients’ QOL by developing a device that automates the measurement of HbA1c (haemoglobin A1c). The firm has 46 offices in 18 countries around the world, providing products to more than 80 countries and regions.

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Tinder founder’s JAM Fund invests in PayMongo’s US$31M Series B financing round

PayMongo Co-Founders

Philippine fintech and online payments company PayMongo has secured US$31 million in a Series B round of financing from investors, including JAM Fund (founded by Tinder founder Justin Mateen) and local VCs ICCP-SBI Venture Partners and Kaya Founders.

Existing investors Global Founders Capital and SOMA Capital also co-invested in the round, alongside angels including founders of European fintech unicorns and startups Qonto, Viva Wallet, Billie and Scalable.

​​PayMongo will scale its operations with this capital by strengthening the current payments infrastructure and venturing into more financial services, such as disbursements, capital lending, ‘buy now pay later’, subscriptions, and recurring payments.

Using the Philippines as a springboard, the fintech startup also looks to explore opportunities in the digital transformation of financial services in other emerging markets, noted in the official statement.

“While payment acceptance is crucial, it is just one of the many services that entrepreneurs need to build a successful online business,” PayMongo Founder and CEO Francis Plaza. “Our goal is to create a one-stop-shop for all these financial needs in the broader Southeast Asian region, starting with the Philippines.”

Also read: 2022: Making the year of the tiger a roaring success for payments

The round comes a year and a half after PayMongo raised US$12 million Series A led by Stripe in 2020. The firm earlier raised US$2.7 million seed round from investors, including Y Combinator.

Founded in 2019 by Plaza, Luis Sia (CPO), Jaime Hing (CTO) and Edwin Lacierda (COO), PayMongo empowers online businesses to accept the full range of payment options, including credit cards, e-wallets, and over-the-counter payments. It provides an easy-to-integrate PayMongo API and e-commerce plugins. 

In addition, PayMongo Links and Pages products enable businesses to provide a simple digital checkout for their customers, even without a website.

Though the startup caters to businesses of all sizes, it emphasizes underserved small (and micro) and medium-sized enterprises (SMEs) (account for 99 per cent of businesses in the Philippines).

Since closing Series A, PayMongo claims to have achieved 3x growth in merchant base and a 4x growth in monthly transaction volumes.

According to a report by Google, Temasek, and Bain & Company, the Philippine digital economy is slated to grow to US$40 billion by 2025, having registered the fastest growth rate in Southeast Asia throughout the pandemic. The growth has been fueled by the wide adoption of digital products and services driven by the e-commerce boom in the country.

Ready to meet new startups to invest in? We have more than hundreds of startups ready to connect with potential investors on our platform. Create or claim your Investor profile today and turn on e27 Connect to receive requests and fundraising information from them.

Image Credit: PayMongo

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Singapore’s Farquhar VC joins StockViva’s US$5M Series A investment round

The Farquhar team

Hong Kong-based StockViva, an online platform to connect retail investors with the key opinion leaders in the industry, has received US$3 million in additional funding to close the ongoing Series A round at US$5 million.

The new tranche came from Farquhar VC (Singapore), Kharis Capital (Luxembourg), Hong Huan Group, Angelhub, and individual investors from Hong Kong.

StockViva previously raised US$2 million from Alibaba Hong Kong Entrepreneurs Fund, K3 Ventures, and individual investors across Asia.

Launched in 2018, StockViva has developed a mobile app to provide real-time online education services to individual investors by financial KOLs. In addition, it connects retail investors with different financial institutions in Asia, covering a wide range of financial products such as US, Hong Kong and Taiwan stocks, along with FX and derivatives.

Also Read: How to smartly balance crypto investments with stocks

It has built a community of retail investors and financial KOLs. While retail investors gain knowledge from the financial KOLs, the latter build their fan base and reputation in Asia.

StockViva further leverages its own technology to build its real-time data streaming platform that captures and aggregates investment insights from stock markets and sentiment data in its social community.

StockViva has adopted a scientific and data-driven approach to run its operations to grow its business quickly. The firm startup has operations in China, Taiwan, Singapore and New Zealand.

Amidst the COVID-19 pandemic, StockViva claims to have achieved over 122 per cent revenue growth and 932 per cent growth in trading volume in 2021.

“If you read a financial newspaper in the morning, it doesn’t help you make any investment decisions in the afternoon, as the market has already changed and the information is outdated,” says Samuel Wan, Co-Founder and Chairman of StockViva. “Financial education and analysis have to be in real-time. This is the reason why we built a technology platform where retail investors will be able to find an appropriate financial KOL online for real-time education and analysis during trading hours.”

According to the annual reports published by various stock exchanges in Hong Kong, Taiwan, and Southeast Asia, the total number of retail investors is growing. Between 2014 and 2020, the total number of retail investors is growing at an average rate of 21 per cent annually, reaching over 27 million in 2020. The total number of retail investors is expected to further grow to 42 million in 2030. If we further consider other parts of Asia, retail investors will be over 100 million.

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How indigenous artists could preserve their own culture with NFT

We are witnessing the unique indigenous cultures, mother tongue, paintings that represent life, traditional arts and crafts, ancient songs and stories, and so on are disappearing. Have you ever wondered whether there is any way that we can save and keep those invaluable cultures?

What if there is a way we could save these valuable indigenous cultures and art forms and lead them to advance into the technological world? Perhaps the blockchain and NFTs technologies are the answer, making it easier for us to spread and inherit the legacy.

What is a blockchain? Why is blockchain an excellent channel to preserve culture?

Blockchain is a technology that realises trust decentralisation through a consensus algorithm. You have the power to control your asset; there is no third party to restrict you from using them.

The data stored on the blockchain is permanent and transparent; you can verify or check it at any time, no one can tamper with the data.

Also, decentralising the authentication process into an open ledger (blockchain) means that people can trust strangers to buy and sell assets. The value is no longer based on individual sales but on the art itself.

What is NFT?

NFTs are tokens that we can use to represent ownership of unique items. It allows us to tokenise anything from art collectibles to real estate.

It is secured on the blockchain— meaning no one can modify ownership records or copy/paste new NFTs.

Also Read: The art of blockchain: What is the NFT craze all about?

Traditionally it can be challenging to verify the original provenance in the art market; the beauty of NFTs is that no matter how many times the art has been traded, you can still trace the original creator.

Use NFTs to preserve the indigenous culture

The inheritance of many aboriginal cultures has no written records, often through the old tale, different art forms, or dance interpretations.

NFT is a perfect medium for expressions, whether pictures, articles, books, music, digital art, video, or 3D. What is more exciting is that it allows creators to add more value to the NFTs, such as:

  • Allowing collectors to join special traditional celebrations
  • Meeting the creators
  • The digital ID of physical artwork
  • Unique event access
  • Service through the integration of virtual and real

I can go on, but the point is that NFT is truly a fantastic way for creators to approach the world 24/7 as blockchain is a global public channel. NFT made it so much easier for creators and collectors to establish relationships.

Also, creators have the right to decide whether to keep the copyright or release it to the collectors. Some successful projects allow collectors to use the NFTs for commercial; it provides opportunities to promote the traditional culture into the mainstream.

Creators can set up the percentage of royalties when they create NFTs and receive it from each transaction, and this is excellent support for the creator’s community.

The younger generation of indigenous artists can combine the rich cultural heritage and technology to carry out various experimental and innovative ideas.

NFT is also an effective method to create a personal brand. You have a better way to build consensus, get along and interact with the communities that support creators, and share resources from all over the world.

The only limit is your imagination.

Now, it’s the perfect time to harness NFT technology to pioneer a new era and spread our priceless cultures into the virtual world. Imagine the blockchain dominated by indigenous art forms?

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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Ecosystem Roundup: Jason Lamuda’s new startup nets US$7M; A new accelerator for P2E startups

BerryBenka Founder Jason Lamuda has launched Grow Commerce

Carsome completes acquisition of ASX-listed content automotive platform iCar Asia
Carsome and iCar Asia will expand a suite of digital products and services that enable an end-to-end, super-app experience for more used car dealers and consumers; Carsome has bought 19.9% of AX-listed iCar Asia for US$200M in July 2021.

How Carb0n.fi aims to establish a carbon-zero world for the people by the people
Carb0n.fi builds an online platform to allow people to put their crypto-assets to work and get rewarded with carbon offset NFTs and its native $ZRO token.

Jason Lamuda launches Grow Commerce, raises US$7M seed funding
Investors include AC Ventures, East Ventures and Irongrey; Grow Commerce is an online-first house of brands or brand aggregator focusing on acquiring Southeast Asian DTC and marketplace brands.

AI-powered food fingerprint platform ProfilePrint closes Series A
Investors include Louis Dreyfus Company, ofi, Sucafina, Greenwillow Capital, and Real Tech Global; Instead of packaging labels, reports or QR codes, ProfilePrint analyses the samples directly at the molecular level and can be used by stakeholders in the supply chain

Cyber Sierra raises US$4.3M seed funding
Investors include Leo Capital, AppWorks, Credit Saison, and angels; Cyber Sierra offers cyber risk, compliance and insurance products; It delivers cybersecurity and technology insurance offerings to SMEs with a presence on the cloud.

Animoca Brands, Brinc launch new US$30M startup programme P2E startups
New Guild Accelerator aims to enable millions of people around the world to generate income by participating in P2E gaming via crypto gaming guilds; It will invest up to US$500K each in startups.

Digital freight forwarder Andalin raises US$4M
Investors include Intudo Ventures, Cardig Group, Beenext, and strategic investors; The startup also plans to create an end-to-end one-stop solution for international trade activity by providing additional services such as trade financing, cargo insurance, and a SaaS-based freight management system.

GoZayaan enters Pakistan with FindMyAdventure acquisition
GoZayaan is an OTA booking solution for flight, hotel, inter-city bus and tour booking; Focused on Bangaldesh, GoZayaan is backed by Nordstar Partners, Wavemaker Partners, Ratio Ventures, and 1982 Ventures.

SaaS platform BiteSpeed raises US$1.9M seed funding
Investors are Sequoia Surge, First Cheque, Whiteboard Capital and angels; It builds a conversational commerce stack for D2C brands; It enables online brands to interact with their customers and sell their products on WhatsApp and Facebook Messenger.

SG
Digital wallet HolyWally raises US$1.4M in funding
Investors include M-Daq, Finmirai, and Creitive; HolyWally is a white-label solution that offers digital wallets for banks, fintech firms, and retailers; It has a no-code approach to building wallets.

Monk’s Hill Ventures names Susli Lie as new partner
She is set to build the firm’s business in Indonesia, spearhead its Environmental, Social, and Governance programme, and support the VC’s portfolio companies on the ground; Previously, she co-founded education financing firm ErudiFi.

PasarPolis names former Amazon, Expedia exec as CTO
Kumar was a software development manager at Amazon and Expedia before joining PasarPolis. He also led the engineering team of Indian online travel firm MakeMyTrip.

AC Ventures appoints ex-GGV Capital exec as venture partner
Before joining AC Ventures, Wong served as a partner in prominent VC firms such as GGV Capital and Qiming Venture Partners; She led investments in fintech firm Akulaku and hospitality startup RedDoorz.

Circles Life hires ex-GoBear exec as VP of growth
Nelson Allen was previously the chief growth officer at GoBear (acquired by Australian fintech firm Finder); He previously spent over 20 years in various roles at Expedia Group, Microsoft, and Samsung Electronics.

Ready to meet new startups to invest in? We have more than hundreds of startups ready to connect with potential investors on our platform. Create or claim your Investor profile today and turn on e27 Connect to receive requests and fundraising information from them.

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Andalin nets US$4M to foray into trade financing, cargo insurance, SaaS freight management

Andalin_funding_news

Indonesian digital freight forwarder Andalin has said today it secured US$4 million financing in a round led by Intudo Ventures.

Cardig Group, Beenext, and several undisclosed strategic investors also co-invested in this round.

Andalin will utilise the funding to expand its market coverage in the East Indonesia region, scale its headcount from 100 team members to 150-200 across all functions, and introduce new products and services integrated into its main platform.

In 2022, the startup also plans to create an end-to-end one-stop solution for international trade activity by providing additional services such as trade financing, cargo insurance, and a SaaS-based freight management system. The firm will integrate these offerings with its upcoming trading service platform, which will allow manufacturers and distributors in the Andalin ecosystem to trade with one another.

This round comes nearly a year after Andalin closed its undisclosed Series A funding to establish freight consolidation infrastructure and open branch offices in the international port cities of Semarang, Surabaya, Medan and Makassar.

Also read: How the logistics partner can make or break the online shopping experience

Founded in October 2016 by Rifki Pratomo (CEO), Ivhan Famly Gunawan (CTO), and Saut Tambunan (COO), Andalin provides businesses with timely and streamlined cross-border shipment processes between Indonesia and global destinations.

Its digital platform allows customers to book shipments, receive faster freight quotations, compare services that best suit their needs, and manage hundreds of shipments in one place. So far, its logistics services cover sea freight, air freight, project shipment, and customs clearance services.

Andalin claims it helps clients enjoy savings of up to 15-20 per cent in cross-border shipping costs compared to their previous service providers, cuts down administrative work, and increases productivity.

With a coverage of over 200 global ports, the startup boasts of having worked with over 300 manufacturers and distributors, from SMEs to large corporations, such as Rentokil Initial, Hitachi, to Electrolux.

From February 2021 to December 2021, Andalin’s monthly revenue experienced 690 per cent growth, paired with a 10.6x increase in the total number of containers shipped, the startup noted in a statement.

Indonesia’s import and export value grew from around US$300 billion in 2020 to US$430 billion in 2021 and enjoyed a trade surplus of US$35.34 billion — the biggest since 2007.

Meanwhile, the value of international trade in the Southeast Asia region, both between member countries and from/to other areas, was valued at US$2.8 trillion in 2019 and is predicted to continue to rise in the next few years, per ASEAN Stats data. The sector has proven its role as one of the backbones of the Southeast Asian economy. However, it is still considered underdeveloped and overlooked, with the total value of collective investments in several local startups amounting to less than US$40 million.

Ready to meet new startups to invest in? We have more than hundreds of startups ready to connect with potential investors on our platform. Create or claim your Investor profile today and turn on e27 Connect to receive requests and fundraising information from them.

Image Credit: Andalin

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How Geotab continues to reinvent the transport industry through tech

Geotab

As we move into 2022, accelerated growth in the digital market has become a growing trend across Southeast Asia. According to Google e-Conomy SEA, almost two years into the COVID-19 pandemic the internet economy in the region has grown by 40 million new users, increasing digital service use to 75%. After the onset of the pandemic, people more frequently turned to e-commerce and ride-hailing apps to simulate the lifestyle they once led, before quarantine measures were enforced. These new practices and habits have continued to this day.

Southeast Asian transport’s shift online

One of the industries transformed by the growing internet economy is the transport sector. Before COVID-19, digitalised transportation was already budding in the region, but with the start of the pandemic, the transport sector’s shift online has sped up. However, this shift in Southeast Asia is still in its early stages and is ripe for growth and innovation.

The digitalisation of the transport sector will require a centralised and efficient means of connecting drivers and riders to the internet. While digital platforms exist today in the region that grant access to urban transport, a single ecosystem has yet to be developed.

Creating efficient solutions with Geotab

Geotab, a global leader in IoT and connected transportation, is one of the companies guiding the transport sector in Southeast Asia into the digital era. Established in 2000, the company has grown from a modest start-up to a global titan, connecting over 2.5 million vehicles worldwide and processing billions of data points daily. The company aims to connect vehicles to the internet and provide cloud-based analytics to help customers improve productivity, enhance driver safety, achieve regulatory compliance and optimize fleet operations to help reduce and eliminate CO2 emissions.

Also read: Imagining communities: building localised digital experiences with CiPPo corporation

Geotab is helping to lead the transport sector in new directions by processing and providing telematics data. As electric vehicles continue to make waves in the transportation industry, vehicle owners and manufacturers will benefit from telematics data and telematics-driven technology innovations. Geotab currently has a complete suite of green technology to help businesses and organizations better manage and more efficiently the transition to electric vehicles.

In an interview with Geotab CEO and founder Neil Cawse, e27 gained insight into the inner workings of the world’s largest telematics company. Geotab highlights six key pillars to deliver business impact through data-driven insights and solutions. These pillars include productivity, safety, fleet optimization, compliance, sustainability, and expandability. Cawse told e27 that most customers start with engaging just one or two of these pillars but later employ all pillars holistically and experience great results. For example, customers can use solutions to improve productivity, such as routing solutions or fleet management reports.

Company successes, opportunities, and challenges

Recently, Geotab has publicly announced its commitment to climate action in its inaugural sustainability report. The report outlines the company’s corporate sustainability priorities and ambitious targets, including a target to achieve net-zero emissions by 2040. Along with its own sustainability targets, Geotab is also committed to providing innovation that helps organizations do things better and do better things for the environment. Between monitoring driver performance for better fuel management and delivering data insights and green technology that can help businesses and organizations make the switch to electric vehicles, Geotab is in the unique position to help decarbonize the transport sector worldwide. Fleet managers who have worked with Geotab, particularly in its customer base in North America, have leveraged tools like the electric vehicle suitability assessment (EVSA) to switch to electric vehicles smartly and efficiently.

Also read: Nexmind AI is on a mission to make AI accessible to more companies

“Geotab has set its own climate goals and is working hard to achieve them. However, we can have 1000 times the impact by helping other companies achieve theirs. We are delivering data-driven insights and technologies that can help fleets understand, take action upon and scale efforts in reducing carbon emissions,” said Cawse. “The only way to a net-zero carbon future is together – businesses, all levels of government and communities across the globe – must collaborate to reimagine the way the world moves and to leave the world a better place than we found it.”

Engaging Southeast Asia as a tech hotspot 

Cawse identified Asia as one of the world’s up and coming tech hubs that Geotab could best engage to achieve its goal of creating a global operating system of connected vehicles. While the Asian market would be a different terrain altogether—something Cawse acknowledges—Geotab foresees the adoption of telematics by most countries in the near future. Data-driven insights are necessary in reducing carbon emissions by the transport sector and forming smarter, safer and more sustainable cities, all of which are in the interest of most corporations and governments, no matter where they are in the world.

With Geotab extending its services to Southeast Asia in 2021, local businesses can now expect its services to be within reach, allowing them to harness the power of data to improve their services and become more efficient. As Geotab leadership notes, things are quickly changing in the transportation sector and Geotab is eager to help empower the region with access to telematics and data.

Also read: Designing the world a century into the future

“Last-mile delivery and the ridesharing industry represents a significant opportunity in the region,” said Louis De Jong, Chief Revenue Officer at Geotab. “These verticals would benefit greatly from connected vehicle technology. With access to vehicle data, businesses can equip themselves with the right tools to help boost their efficiency and implement more sustainable driving practices – and as a result – improve the landscape of the transport sector in Southeast Asia overall.

More and more organisations are turning to data to shape the future they see for the world, and any business that wants to get in on this trend should invest in IoT technology to help improve processes. For more information on what Geotab has to offer and how you can boost your business with their services, check out Geotab’s page.

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This article is produced by the e27 team, sponsored by Geotab

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