Indonesia places Nusantara at heart of fintech aspirations

More: SG firm launches Asia’s first funded trader program. [Read from your browser]( Daily Newsletter --------------------------------------------------------------- Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](. --------------------------------------------------------------- IN FOCUS In today's newsletter, we look at: - [How Indonesia’s new capital Nusantara will reshape its financial future]( - Grab launching a new carpooling feature in Malaysia - Other newsy highlights such as an SG firm launching Asia’s first funded trader program --------------------------------------------------------------- Hello {NAME} Indonesia appears to be striking all the right notes. From laying out the red carpet for electric vehicle makers to boosting green initiatives for local manufacturers, the archipelago is looking to set the benchmark for developing economies to thrive in the globalized, modern-day world. Perhaps its most eye-catching project is Nusantara - the new capital that is meant to relieve congestion and overcrowding in the sinking city of Jakarta. The estimated development cost of the project, which is set to be completed by 2045, is set to a mind-boggling US$32 billion. But only time will tell if the country is merely sounding the trumpet or if it will actually turn its ambitious goals into a reality. For now at least, its intentions seem to be well-placed. In today’s featured piece, we look at how Southeast Asia’s largest economy is adopting a domestic approach to challenge global fintech heavyweights such as Singapore and Hong Kong. Further, the premium story dissects likely hurdles on its path to building a successful financial hub in Nusantara - including the difficult task of convincing companies and tech talent to relocate to the new capital from Jakarta. -- Shravanth  ---------------------------------------------------------------  THE BIG STORY [Can Indonesia’s new capital Nusantara rival the fintech hubs of SG and HK?]( The government has prepared various fiscal and non-fiscal plans to bolster the investment climate in the new city. --------------------------------------------------------------- TRENDING NEWS [Grab debuts new carpooling feature in Malaysia]( With this feature, a user can share a ride with one other passenger on a similar route. [SG firm gets $1.1m for Asia’s first funded trader program]( MPFunds offers users up to US$400,000 in trading capital. [Ringkas raises $3.5m to help democratize home ownership in Indonesia]( The proptech startup aims to achieve mortgage transactions worth up to US$200 million within the next six to 12 months. [Ant Group expands Alipay+ integrations in Thailand]( Local merchants now accept payments using AlipayHK, Kakao Pay, Touch ‘n Go eWallet, and Alipay. ---------------------------------------------------------------  LISTICLE OF THE DAY [These are the most active investors in Vietnam’s startups]( Which investors are writing the most checks to Vietnam-based startups? ---------------------------------------------------------------  TECH IN ASIA'S FOUNDERS MEETUP: VIETNAM  Join us and share the hardest challenges you’ve faced as a founder If you’re an entrepreneur based in Vietnam, you’re invited to Tech in Asia’s Regional Founders Meetup, which will be held on June 28 at The Sentry in Ho Chi Minh City (2/F Sonatus Building, 15 Le Thanh Ton, District 1) from 5:30 p.m. to 7:30 p.m. Join us and share the hardest challenges you’ve faced as a founder. To help you find solutions, we’ll introduce you to fellow founders who have been there and done that. 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Wahana Pembayaran Digital Jakarta, Indonesia - [Sustainability Manager]( at MyRobin Jakarta, Indonesia - [Creator Training Lead]( at Flash Express Jakarta, Indonesia - [Senior IT DevSecOps]( at Suitmedia Jakarta, Indonesia - [Software Engineer (Java Developer)]( at AKAR INTI ENTERPRISE Jakarta, Indonesia [ADVERTISE]( | [SUBSCRIBE]( P.S. Don't miss out on the biggest tech news and analysis. Add newsletter@techinasia.com to your address book, contacts, or safe sender list. Or simply move us into your inbox. Tech in Asia thanks our partners for supporting our newsletters. Sponsorship has no influence on editorial content. Too many emails? Switch to a different frequency or get new content through our [preference center]( or [unsubscribe](. You can also break our hearts and remove yourself from all Tech in Asia emails over [here](  ---------------------------------------------------------------  Copyright © 2023 Tech in Asia, All rights reserved. 63 Robinson Road, Singapore 068894