In brief: Meet the 4 Asian startups selected for VISA’s accelerator programme
Brankas, Curlec among the 4 Asian startups selected for VISA programme
The story: Visa has picked four Asian startups which, over the next four to six months, will focus on creating defined commercial opportunities to collaborate on new payment solutions with Visa and its extensive network of bank and merchant partners
The startups are:
A fintech startup that provides financial software and solutions for companies.
A fintech company that makes it easy for businesses of all sizes to collect recurring payments.
A neo-banking platform for small businesses.
An omnichannel payments acceptance platform that supports small businesses in managing and streamlining their operations digitally.
Facebook, Google partner to boost internet capacity in Southeast Asia
The story: Facebook is planning to build two new undersea cables to connect Indonesia, Singapore and the US and boost internet capacity in Southeast Asia.
More about the story: Facebook will be partnering with Google and Indonesian telco XL Axiata to complete the cable by late 2023.
It will also team up with Telin, a subsidiary of Indonesia’s Telkom, and Singaporean conglomerate Keppel, for the development of a separate cable named Bifrost, which will be finalized in 2024.
Also Read: Ecosystem Roundup: AirAsia to fly into Grab’s territory in Malaysia; SEA gets new massive startup funds
Canva raises US$71M in latest funding, valuation rises to US$15B
Investors: Dragoneer Investment Group, T. Rowe Price Global Technology Fund, Blackbird Ventures, and Skip Capital.
More about the story: Canva said that it has surpassed US$500 million in annualised revenue this year, a 130 per cent year-on-year increase while remaining profitable.
As of today, it has more than 55 million monthly active users.
MDEC launches new work in tech initiative
What it is: A training and hiring incentive programme aimed at boosting the digital business services sector and developing tech talents in Malaysia.
Who can join: Only Malaysian citizens
More about the story: The programme is estimated to create 6,000 job opportunities and produce at least 1,000 quality tech talents.
About MDEC: MDEC is an agency under the Ministry of Communications and Multimedia Malaysia and is tasked with spearheading the development of the country’s digital economy.
Image Credit: Unsplash
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