Myanmar’s fintech startups go from strength to strength

Myanmar’s fintech sector is set to ride a tailwind in 2021, as strong interest from investors, government support, and consumer confidence provide a shot in the arm for the local fintech startups, with the COVID-19 pandemic hastening adoption in a country where cash has long been king. “Among different fintech verticals, payments have experienced the […]

From little ideas, big things grow

As society changes and we become caught up in the day-to-day flurry of work, our daily needs also change. Enter the startups with solutions to suit our ever-changing whims. Don’t have time to cook? Then just pick up the phone and order a home delivered Kong Pao chicken or Pizza. Can’t find a place to […]

ShweProperty raises US$3M in fresh funding as 500 Startups makes an entry into Myanmar, one of Myanmar’s leading property portals, has secured US$3 million in its Series B round of funding. led by Singapore-based private equity fund Emerging Markets Investment Advisers (EMIA). Other participants in the round include 500 Startups; Simon Baker, former Chairman of iProperty and Mitula Group; family office of Dinh Thi Hoa, Chairwoman of Galaxy […]

Myanmar: How tech is transforming a frontier market

Just six years ago, in 2013, a mobile user in Myanmar had to pay USD 250 for a SIM card—this in a country where the average annual income was less than USD 200. For most people in Myanmar, the internet was a luxury for a select few; at least, that was the case until February […]

Vietnam payment startups Vimo and mPOS merge, rebranded as NextPay

Two payment startups based in Vietnam, Vimo and mPOS, have agreed to merge in an effort to scale. The company will rebranded as NextPay, as reported by Bloomberg. Vimo Technology is a mobile wallet provider, while Vietnam mPOS Technology develops portable point-of-sale technology. Together the two will be combined and rebranded as NextPay Holdings. NextPay […]

Why REAPRA is bullish about the startups in Myanmar despite its underdeveloped market

Much has been said about Myanmar’s turbulent social and political upheavals. But with the country taking baby steps towards becoming more business-friendly, a new narrative has emerged — innovation.   Thanks to the uptake of internet usage, due, in large part, to the slashing of costs for SIM cards, Myanmarese are now seizing the opportunity […]

No employees, no office, and a handful of cash: how a Burmese entrepreneur’s dream came true

For a country where living standards scrape the bottom of the barrel, it’s hard to imagine that car prices in Myanmar were sky high a decade ago. Thanks to import restrictions imposed by the previous military regime in the early 2000s, a second-hand Toyota van used to cost about K100 million (US$97,000) in Myanmar. According […]