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Daily Tech News: Ascend Money, Robinhood, Lumens, Tokopedia, Super.money, Pinterest
Here are the top stories on Techzi
MUFG and Krungsri Finnovate Inject $195M into Ascend Money
MUFG and Krungsri Finnovate invest $195M in Ascend Money.
The strategic partnership aims to drive digital finance and financial inclusion in Thailand.
Ascend Money serves 30 million users through its TrueMoney platform.
Execution Has Responsiveness at Its Foundation
Guest Author: Ken Leaver
Execution trumps strategy, and responsiveness is key to effective execution.
Slow communication hampers progress and causes bottlenecks in today's interdependent projects.
Organizations with lightning-fast responses can complete projects in a fraction of the time.
Robinhood App to Shut Down on July 31 Plugging Off the Pandemic-Era Platform
Robinhood, SCB’s commission-free app, will shut down on July 31.
Despite a 34% revenue increase, losses widened to 2.1 billion baht in 2023.
SCB praised Robinhood’s role in mitigating challenges and creating jobs during the Covid-19 crisis.
Lumens Rides the Ride-Hailing Wave to Profitability in FY 2022
Lumens, a Singapore-based private-hire vehicle rental company.
The company’s pivot to a hybrid vehicle fleet and expansion into new services drove growth.
Lumens differentiated itself from competitors like Grab and ComfortDelGro.
Tokopedia’s Tumultuous Journey: From Indonesian Darling to TikTok’s Acquisition
ByteDance acquired a 75% stake in Tokopedia for US$1.8 billion.
Tokopedia struggled to compete with budget-friendly platforms.
Tokopedia’s lofty ambitions and lack of focus led to missed opportunities.
Malaysia’s Tech Landscape Sizzles: Fintech and VC Sectors Heat Up
Malaysia’s tech scene is heating up.
Selangor state is also jumping on the bandwagon.
The KL20 Summit saw a wave of international VCs committing to expand into Malaysia.
Flipkart Ventures into Fintech with Super.money, a New Payments App
Flipkart launches Super.money, a UPI-based payments app.
The e-commerce giant aims to democratize financial access and maintain its market lead.
Flipkart plans to enter quick commerce next month, challenging Amazon India in urban areas.
Pinterest Unveils Board-to-Video Feature, Targeting Gen Z and Social Media Sharing
Pinterest introduces a new feature allowing users to create short videos from their curated boards.
The move targets Gen Z and the growing “mecore” trend.
Pinterest partnered with Avril Lavigne and Tierra Whack to showcase the new functionality.
Elon Musk Unveils SpaceX’s Impressive Starfactory and Massive Launchpad
Elon Musk gave YouTuber Tim Dodd an exclusive tour of SpaceX’s impressive Starbase facility.
The Starfactory showcased Starship’s production.
Musk unveiled plans for an upgraded launch tower to support the next generation of rockets.
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