Tech In Asia

Ijooz squeezes US$2.5 million in net profit in FY 2024

The company aims to list on a US stock exchange by 2027

Exchanges are important in the crypto financial system because they allow customers to set up accounts, store funds, and make payments – analogous to traditional banks.

Crypto giants moved billions in illegal funds despite crackdown

Regulators and law enforcement have tried to push crypto exchanges to implement anti-money laundering safeguards

Jensen Wu (above), co-founder and CEO of Topview, said he company is making positive gross profit margins on every user.

Latest AI app swaps influencers for avatars – and brands want in

Topview is one of a few up-and-coming platforms focused on AI-generated videos

Jeffrey Seah (centre) has sat on Hepmil’s board of directors as vice-chairman since 2017.

Angels to pocket over 20 times returns from sale of Singapore’s Hepmil

The Singapore media company is not a stranger to the M&A road

Ohmyhome is searching for a new chief financial officer to fill the vacancy left by Rhonda Wong’s resignation.

Ohmyhome co-founder Rhonda Wong resigns as CEO at Nasdaq-listed proptech

Company says resignation not due to disagreements over operations or company policies

CEO Aaron Tan says that Carro will look at a possible initial public offering after the company reaches earnings (Ebitda) of US$100 million.

Carro heads Down Under. Is an IPO on the horizon?

The Singapore-based company is currently hoping to close 2025 with US$80 million in Ebitda

Tirtanata believes Kopi Kenangan’s strategy of localising its products by adjusting recipes, flavours, and prices to match each market’s preferences could increase its chances of success.

Kopi Kenangan turns Ebitda positive in Malaysia, eyes new markets

The coffee chain currently has around 130 stores in the country

Jeremy Tan (left) and Murli Ravi, co-founders of Tin Men Capital.

Forget the unicorn – the US$50 million exit is the new South-east Asia dream

This article summarises an episode of Tin Men Capital’s video series featuring its co-founders, Jeremy Tan and Murli Ravi

Meutya Hafid, minister of communication and digital affairs, at the Tech in Asia conference co-organised by The Business Times on Oct 22 in Jakarta.

Indonesian minister urges investors to keep faith in startup ecosystem

Minister Meutya Hafid makes this pitch amid sluggish funding for such firms in the country

Agoda’s misstep shows how even well-meaning companies can stumble when conducting a layoff.

Agoda’s severance saga is a warning for tech employers

The firm is no stranger to job cuts: It let go of 1,500 staff globally in 2020 after the Covid-19 pandemic halted tourism