In the Press

Indonesian fintech firm Akulaku looks poised to clock annual revenues of $500 million in 2021. In the first 6 months of the year, the startup - which has interests in consumer finance, digital banking and insurance brokerage services - recorded $274 million in total revenue, an increase of 153% year-on-year.

The BNPL sector market size and penetration in Asia will be US$134B in 2023, which is only 4% of e-commerce sales, says the Akulaku chief

2C2P, a global payments platform, today announced a partnership with Grab Financial Group (GFG), Southeast Asia’s leading fintech platform. The partnership expands the top-up channels of GFG’s GrabPay Wallet to include Thailand’s top banks, and will leverage 2C2P’s extensive merchant network to enable the GrabPay Wallet as a payment option at a wide plethora of shops and businesses in Thailand by early 2022.

IATA and global payments platform, 2C2P, has established a partnership that will see the payment gateway being integrated into IATA’s Financial Gateway (IFG), granting airlines all over the world increased payments reach and enhanced operational efficiency, amid the aviation industry’s gradual recovery to pre-pandemic levels.

VOOM, the leading InsurTech company for new mobility, announced today that it has launched its first per-mile insurance offering for motorcycles in collaboration with member companies of Markel®. This usage-based InsurTech offering will assist in empowering riders to customize flexible coverage plans and lower insurance costs.

Commercial property firm Jones Lang LaSalle Inc. announced Wednesday its intent to acquire artificial intelligence startup Skyline AI Inc., in the latest example of how the technology is increasingly being used to gain a competitive advantage in the real-estate industry.