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Asia’s superapps follow another hot tech trend: mass layoffs

Asia’s superapps have hopped on to a hot new trend in the tech industry: workforce reductions. An example is Grab, which reported strong third quarter growth, yet despite its positivity, said it would make cost cuts and that includes plans to pause or slow hiring in various corporate departments.

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Colombian fintech Finkargo, which supports MSMEs imports, obtained a US$75M credit facility

November 24, 2022

Finkargo, a startup founded a year ago in Bogota, dedicated to supporting operations and providing financing for micro, small and medium-sized enterprises (MSMEs) to trade internationally, announced that it has obtained a US$75 million structured loan from Community Investment Management (CIM). Finkargo says that financing is one of the barriers that most affects the internationalization of these types of companies. MSMEs face a foreign trade credit rejection rate of over 50%.

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Social Commerce Struggles Due to Low Trust in Social Platforms

February 8, 2023

While retail media has been an unexpected success, its sort-of opposite, social commerce, has never met expectations.  This Simplicitydx survey explores why: the biggest problem is low trust in social platforms, which means people prefer to buy directly on brand sites.  Social shopping still has a role to play in product discovery, although social won’t always receive credit if the sale is completed elsewhere.

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