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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Salesforce Buys for Automated Customer Service

September 22, 2023

Salesforce is buying, which builds low-code, AI-powered e-commerce customer service agents.  You might have thought Salesforce could already do that, but presumably Airkit does it better.  It doesn’t hurt that the company founders sold a previous business to Salesforce, the company was partly funded by Salesforce Ventures, and the product is already listed on AppExchange.  Price was not announced.

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