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Southeast Asia food delivery platforms total GMV grows 5% y-o-y to $16.3B in 2022

Southeast Asia food delivery platforms’ total gross merchandise value (GMV) grew 5 percent year on year to $16.3 billion in 2022, from $15.5 billion in 2021, according to a report from Momentum Works. Growth was mainly driven by the relatively smaller markets of the Philippines ($2.4 billion), Malaysia ($2.2 billion) and Vietnam ($1.1 billion), while larger markets – Indonesia ($4.5 billion), Thailand ($3.6 billion) and Singapore ($2.5 billion) recorded declines in 2022.

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Philippine’s GoTyme bank partners Mambu for digital financial services

January 19, 2023

GoTyme digital bank launched in the Philippines as a partnership between the Gokongwei Group and Singapore-based digital banking group, Tyme, has teamed up with the global cloud banking platform Mambu to improve digital financial services to customers. Plans are for GoTyme to operate as many as 348 digital services kiosks by the end of 2023 to enable access to secure financial services for Filipinos who are currently excluded from the formal banking system.

CDPI Emerging Markets
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The 10 Latin American startups that received the most capital in first half of 2022

January 19, 2023

In the first six months of the year, before the macroeconomic crisis kicked in, there were rounds totaling more than $90 million in the region. Brasil continues to be Latin America`s favorite country for venture capitalists, with an increase in 15% in the number of transactions. Mexico follows Brasil in terms of the largest number of venture capital investments, with an increase in 9% in the number of operations. In contrast, Chile recorded fewer deals in the first half of the year with a 3.51% decrease respect 2021.

CDPI Emerging Markets