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Indonesia’s Goto Group raises over $1.3B in first pre-IPO close

TechCrunch

Indonesia-based startup GoTo Group announced today it has secured more than $1.3 Goto Group will use the proceeds to fuel its growth and bolster its customer service. . According to media reports, GoTo Group’s valuation is estimated at between $28.5 Goto Group claims that it generated over 1.8 billion and $30 billion. .

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AC Ventures reaches first close of a $250M fund for Southeast Asian startups

TechCrunch

Li said global investors are drawn to Southeast Asia as it continues to show evidence of being a maturing market, with the successful IPOs of unicorns like GoTo and Bukalapak , an increase in later-stage capital and more secondary exits.

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Muslims come into the frame in Southeast Asia’s fintech boom

TechCrunch

Southeast Asia is already home to a thriving fintech scene, where Grab , GoTo and Sea have built super apps that encompass financial services, and startups like Xendit , Akulaku and Dana (to name a few) have raised hundreds of millions of dollars for payments, banking services and other financial tools. Indonesia emerged as the best choice.

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Daily Crunch: Hackers pinched LastPass customers’ encrypted password vaults, parent company admits

TechCrunch

Carly writes that the company’s owner, GoTo, says hackers stole customers’ encrypted backups. Not only are there fewer later-stage players with the resources and appetite to support such companies (e.g., Both are not ideal in terms of performance or getting a full-featured experience.”

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Uganda in the spotlight as country’s startups captivate YC, Google

TechCrunch

The fintech plans to enter Ghana later this year. The Gojek (GoTo ) -backed super app, also available in Nigeria, has its eyes on other markets too. “We Numida’s credit limit is $3,500 but the amount extended to small businesses and interest rate paid is based on the risk profile of loanees.

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How European startups are aiding Ukrainian refugees

TechCrunch

Five minutes later, we got a solution for them.”. Swobbee was able to enlist the help of startups like Onomotion , an e-mobility company focusing on urban logistics, and Emmy , an e-moped sharing company that was recently purchased by GoTo Global , to provide vans packed with goods to be sent to the border. Housing for refugees.

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Five applications that should be platforms—Dropbox, Eventbrite, Backupify, Tweetdeck, and Squarespace

This is going to be BIG.

Additionally, having all this functionality would create significant synergies and cement their place as the “goto” application in their space—allowing them to focus on what they do well, but to satisfy a very wide range of customers. Platform plays also create powerful barriers to entry.