Singaporean multinational ride-hailing and food delivery company, Grab, has plans to execute cost-cutting measures to weather through undetermined economic situation, according to a new memo sent to employees. On a similar note, Grab Indonesia this month decided to discontinue its cloud services.
Thailand food delivery app Robinhood is now expanding its services into four key areas including supermarket, delivery, transportation and travel, in line with its plans to become a super-app. This includes Robinhood Mart, a supermarket and store shopping service, Robinhood Express, a goods delivery service, Robinhood Ride, a transportation platform, and Robinhood Travel, an online travel agent.
Aviva is a Mexico-based fintech startup focused on bringing working capital to unserved communities. Its approach uses artificial intelligence and natural language processing to match customers’ spoken word to the fields of a real-time credit application. Now buoyed by $2.2 million in pre-seed funding, the company is rolling out a network of physical and digital onboarding kiosks in Chalco de Díaz, Ixtapaluca and Texcoco, towns about an hour’s drive from Mexico City.
Martech keeps taking larger bites out of marketing budgets: 17.3% last year, 19.9% this year, 23.5% next year, and 30.9% five years from now, according to the latest CMO Survey. This despite barely more than half (56.4%) of current tools being used and nearly half (48.8%) of the survey respondents reporting worse-than-expected results. Oddly enough, marketers rate selecting marketing technologies as the thing they do best.