Platforms Featured APAC

Amazon launches an accelerator to help sellers expand their businesses in EU

Singapore Global e-commerce platform Amazon has launched European Expansion Accelerator (EEA) that allow active sellers to expand their business to nine EU stores through easier listing of products in all EU and UK stores whilst giving customers access to millions of products.

Through EEA, Amazon selling partners can access one page in seller central, discover the stores they are not yet selling in, and click to expand. Seller’s account registration, set-up, translations, listing, shipping setup, product eligibility checks and catalogue customisations will be executed within three business days. 

Moreover, EEA helps the sellers to reduce their time in navigating several different tools whilst running in multiple European stores. They can expand one store at a time or across all nine EU and UK stores at once. 

In addition, the new system will help in expansion of products through store-specific recommendations. It uses the selling partner’s preferences from their main store, replicating the same information across different stores.

For customers, they will be benefiting from the new products with attractive prices and faster delivery options.

Xavier Flamand, vice president of seller services at Europe, said that this new offer serves as their solution for their selling partners to grow and offer new products to Amazon customers in multiple stores.

“We’re pleased to be able to now offer this two-click step to sellers in Europe so that they can expand their businesses with Amazon,” Flamand added.

European Expansion Accelerator is free and available for all professional selling partners who already sell in at least one of Amazon Europe stores located in France, Germany, Italy, Spain, Netherlands, Poland, Sweden, Belgium and the UK.

Platforms Featured Southeast Asia

Tokocrypto joins forces with VC firm BRI Ventures

Jakarta, Indonesia – Tokocrypto, a local-based crypto asset digital exchange, has announced that it will be joining with BRI Ventures, an Indonesian venture capital firm backed by government bank Bank BRI. The collaboration, known as the ‘Tokocrypto Sembrani Blockchain Accelerator (TSBA)’, is set to help emerging blockchain projects and startups scale up with the support of technology, community networks, and also allow them gain access to funding opportunities.

Participants and startups will be provided with the necessary tools on fundraising, team culture, blockchain development, listing advisory and tokenomics to develop the skills required to make a mark within the blockchain industry. 

The program seeks to onboard 8-10 emerging Indonesian blockchain startups into the first cohort. Registration closes on 10 February, and the program will kick off on the 21st of February.

Pang Xue Kai, chief executive officer at Tokocrypto, said, “Southeast Asian enterprises today are leveraging the power of blockchain technology and are looking for ways to disrupt industries. We are launching this partnership with the goal to put Indonesia in the centre of the blockchain map and give the Indonesian blockchain communities the opportunity to grow with the catalyst of collaboration.”

Tokocrypto Sembrani Blockchain Accelerator will incubate projects and elevate them across 4 primary pillars: branding and marketing, investment strategies, investment landscape tactics and access to fundraising opportunities. The central nexus of TSBA which connects the 4 pillars of the accelerator program is the networking and mentoring support of mentors from the local blockchain scene such as Nicko Widjaja, chief executive officer at BRI Ventures); Pang Xue Kai, CEO at Tokocrypto; Teguh Kurniawan Harmanda, COO at Tokocrypto; Lai Chung Ying, CSO at Tokocrypto) and Nanda Ivens, CMO at Tokocrypto; as well as mentors from the global blockchain scene.

SME Featured Southeast Asia APAC

Visa invites PH, other APAC start-ups to join new accelerator program

Manila, Philippines – Digital payment company Visa has announced the launch of their newest accelerator program for APAC start-ups in expanding their business reach to a global level.

The new “Visa Accelerator Program” will focus on making selected start-ups be connected with bank and merchant partners of Visa globally through commercial opportunity collaborations. Furthermore, the accelerator program is designed for start-ups that have built a consumer base in their home country, and are ready to enter new geographical and consumer regions.

“In Visa’s ongoing work with the startup community, we often see companies face challenges when taking their business from a local success story to becoming a player in multiple markets. There is a vibrant fintech ecosystem in the Philippines. At Visa, we have global expertise that can help startups take their expansion plans off the white board and into the real world. We encourage Philippine startups who want to partner with us to join this program so we can help them scale,” said Dan Wolbert, Visa country manager for the Philippines & Guam.

Areas of interest that Visa wants the participating start-ups to address are as follows:

  • Expand access to the digital economy to consumers and businesses that are underserved or cash-dependent
  • Support of small businesses as they struggle with changing technology demands and the ongoing impacts of the COVID-19 pandemic
  • Leveraging the growing open data environment in the region to develop more personalized banking and shopping experiences
  • Developing new ways of moving money that aren’t dependent on traditional credit and debit cards

“There is no shortage of fantastic solutions coming out of the Asia Pacific, particularly the Philippine startup community. What’s most important to Visa is how we can support those solutions getting elevated to a stage where in a few months’ time they could be pitched as a commercial deal to a leading bank, retailer or technology company in the region. A big differentiator for the Visa Accelerator Program is our concentration on a small number of startups that are truly ready to unlock that next level,” Wolbert added.