UOB MY, The FinLab concludes program that aimed to aid SMEs’ digitization

Kuala Lumpur, Malaysia – UOB Malaysia and its innovation accelerator arm The FinLab have recently concluded their ‘Jom Transform Programme’, in which 116 local small and medium-sized enterprises (SMEs) received advisory and assistance in digital transformation. The program aimed to help improve productivity and grow their revenue to overcome the...

PH’s NextPay bags US$125K funding for scaling operations among local MSMEs

Manila, Philippines – NextPay, a Philippine-based fintech startup, has secured a US$125K investment funding from startup accelerator Y Combinator, which will be used to expand NextPay’s services further and address the growing problem of financially-underserved businesses in the Philippines. Through the investment, NextPay founders aim to leverage their previous experience working...

Digital adoption on the rise among MY small businesses: survey

Kuala Lumpur, Malaysia – As a result of the disruption caused by the global pandemic, more small businesses in Malaysia have utilized digital technologies in their operations and services, new survey from professional accounting organization CPA Australia shows. According to the survey, 40% of businesses have begun increasing their focus...

Tokopedia launches ‘Bersebelas #MelangkahBareng’ movement to support local shoe SMEs

Jakarta, Indonesia – Indonesia’s e-commerce company Tokopedia has launched a campaign called ‘Bersebelas #MelangkahBareng’, which aims to support local shoe products from SMEs during these trying times. In line with this initiative, Tokopedia has collaborated with Never Too Lavish (NTL), a business activist in the local fashion industry, together with...

Biz accelerator Plug and Play launches pilot GIA tech showcase in PH for startups

Singapore – All-in-one global business accelerator and venture capital firm, Plug and Play, in APAC, has announced the launch of its inaugural Global Innovation Alliance (GIA) Tech Showcase program in Manila, an event enabling startups and SMEs to connect with overseas businesses and tech communities. This is in partnership with...

Hong Kong SMBs’ confidence rate on record low: survey

Hong Kong – Due to the prolonged economic impacts brought by the COVID-19 pandemic, the confidence rate among small and medium businesses (SMBs) is at an all-time low, according to a new survey from professional accounting body CPA Australia. Only 16% of surveyed Hong Kong small businesses reported growth last...

PH online team training platform MoveUp.app bags win at ASEAN StartUp Awards

Manila, Philippines – MoveUp.app, a local startup dedicated in creating an online platform for team training and onboarding, has won under the category ‘BEST New StartUp’ during the ASEAN StartUp Awards this month. The startup, which has bested over 20 other startup finalists in Southeast Asia, aims to create a...

JazzyPay, e-payment for SMEs in PH, adds UnionBank as payment partner

Manila, Philippines – As contactless payments have emerged as an essential solution for businesses during the pandemic, online payment platform for SMEs in the Philippines, JazzyPay, has partnered with one of the leading commercial banks in the country, UnionBank, enabling its onboarded businesses to reach a wider audience and thus...

MY’s Cyberjaya Startup Summit goes virtual this year with rebranding to boot

Kuala Lumpur, Malaysia – As the pandemic wears on and all previously in-person events pivoted to digital, the Cyberjaya Startup Summit in Malaysia has decided to join the bandwagon, rebranding the event as the ‘KL Startup Summit 2021’ (KLSS). Previously held editions of the summit were in 2018 and 2019. This...

Digi Business partners with TNG Digital for digital solutions for MSMEs

Subang Jaya, Malaysia – Malaysia’s mobile service provider Digi Business has partnered with e-wallet platform Touch ‘n Go (TNG) Digital to help micro, small, and medium enterprises (MSMEs) digitalize and grow their business, equipping them with complete digital solutions, and e-wallet facilities. The partnership seeks to address common digitalization challenges...