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500 Southeast Asia

Durians Daily #136: Finaxar on plugging the SME financing gap; Vishal on “technology driving new avenues of wealth creation”; Gilmour Space Technologies on pushing the industry to greater heights

Financing the gap

  • When “financing” and “SMEs” are used in the same sentence, peer-to-peer (P2P) lending platforms usually come to mind. The P2P model typically isn’t exposed to the risk of bad loans as they act as intermediaries between borrowers and lenders.
Credit: Tech in Asia
  • Since the pandemic hit, demand for loans have gone up, with Finaxar reporting a 20–25% monthly increase in loan disbursement. Its non-performing loan (NPL) rate is in the “low single digit”.

Fertile grounds

Credit: Arcadis Asia
  • US$1.8 billion — that’s the equity worth held by founders of 20 prominent Singaporean startups, according to data compiled using intelligence platform VentureCap Insights and regulatory filings.

Making the space jump

  • “Australia is at a tipping point in the space industry,” said Adam Gilmour, CEO of 500-backed space rocket company Gilmour Space Technologies.
Credit: Forbes
  • According to Gilmour, this depends on the government looking beyond university-led research and investing in businesses in this space.

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500 Startups is a venture capital firm on a mission to discover and back the world’s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. In Southeast Asia, 500 Startups invests through the pioneering 500 Durians family of funds. The 500 Durians funds have backed over 200 companies across multiple sectors from internet to consumer to deep technology. It continues to connect founders with capital, expertise and powerful regional and global networks to help them succeed.

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500 Southeast Asia

500 Southeast Asia is an early-stage VC firm; The company has backed over 250 companies across multiple sectors from internet to consumer to deep technology.