Welcome back to Strait Up, our weekly newsletter that makes sense of what’s going on in Southeast Asia.
Another week, another unicorn coming out of the region. This time, it’s Indonesia-based stock broking app Ajaib, which achieved the unicorn title in less than three years. Capital and a billion-dollar valuation aside, does it have what it takes to build a sustainable business?
We also looked at the loan guarantee that regional budget airline AirAsia finally received from the Malaysian government; and what does it mean for Indonesian e-wallet operator OVO now that it’s majority owned by Grab.
Grab a coffee and let’s get into this week’s edition.