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Indonesian social commerce startup KitaBeli raises US$20M

KitaBeli, an Indonesian social commerce platform focused on tier 2 and 3 cities, has raised a US$20 million funding round led by Glade Brook Capital Partners, a US-based growth equity investor. Launched in March 2020, KitaBeli offers fast-moving consumer goods on its gamified platform, allowing users and partners to get discounts and earn money by leveraging their social networks. It claims to be the largest direct-to-consumer social commerce platform in Indonesia.

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Malaysia’s ADA acquires SingPost’s eCommerce unit to expand eCommerce solutions across APAC

July 21, 2022

ADA, an regional integrated end-to-end eCommerce solution provider, said it has acquired SingPost’s eCommerce arm, to further strengthens its end-to-end eCommerce capabilities in the region. This deal, which includes the unit’s assets and staff, will further strengthen ADA’s eCommerce capabilities in technology and enablement, offering clients fully integrated services in Malaysia, Singapore, Indonesia, Thailand, the Philippines, Sri Lanka, Bangladesh, Cambodia, Vietnam, and South Korea.

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Stori, a Mexican Fintech Known for Its Digital Credit Card, Is Latin America’s Newest Unicorn

July 21, 2022

Stori became the new Mexican unicorn after surpassing the US$1 billion valuation barrier in a Series C extension. In 2020 they launched their main product in Mexico, a digital credit card for which no annuity is paid and is processed online “in minutes” from a mobile phone. It is aimed mainly at the unbanked population, representing a very high percentage in Mexico and LatAm.

CDPI Emerging Markets
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Marketers to Focus on Platforms Not Ad Channels in 2023: IAB Survey

November 29, 2022

This IAB study finds that connected TV and paid search are expected to be the fastest-growing ad channels next year, while linear TV and other traditional media continue to shrink.  More intriguing: marketers are focusing more investment on foundational tools like measurement and first party data, and less on specific ad channels.  Download for deep dives into retail media networks and the metaverse.

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