Rising Giants Newsletter - N.14 Matthew Tippetts, CEO and Founder of Clik Payment
Max & Dom chatting with the boldest and most inspiring entrepreneurs and investors in Cambodia ๐ฐ๐ญ Turn on ๐ก, tune in ๐ป, keep up ๐
Welcome to theย Rising Giant's Podcastย Newsletter by Max Thornton and Dominic Kalousek.
If you enjoy our content,ย please subscribe to our post-interview Frontier Market newsletterย as we share our most recent podcast episode, as well as frontier market news, resources to help you become a better entrepreneur and investor, and job opportunities in the region!
In this episode, we talk with Matthew Tippetts, Co-Founder & CEO of Clik. Matthew founded Clik in 2016 and is one of the most well funded startups in Cambodia having raised $4M since inception. As the CEO of Clik, Matthew aims to provide brick and mortar businesses with consumer insights beyond what is available online. By bridging the gap between merchants and their customers, Clik enables them to create a personalized consumer experience, provide a seamless secure payment and simultaneously grow their profitability.
Matthew is an experienced global entrepreneur, with over 20 years of experience in Telecom, Media and Technology, first as an investment banker, having worked for San Francisco-based leading technology investment bank Robertson Stephens and having done over 30 transactions (IPOs, private placements, M&A). Then as a hedge fund analyst, having worked for Citadel, the US$30B multi-strategy fund and finally as an advisor. He has extensive knowledge in both developed and emerging markets, especially in Cambodia where he has resided for nearly ten years and Myanmar.
We get into:
๐ป Why Cambodia is a perfect market for global technology startups to trial and iterate products for scaling regionally (12m people of Facebook, 70% under 30, highest affordability of data in the world etc.)ย
๐ Strategies for overcoming challenges in investors relations when presenting Cambodian startups to international investors
๐ฆ Extent to which the fintech market in Cambodia is fragmented (60+ MFIs, 50+ banks, 30+ payment platforms) ย
๐ง ย Want to learn more about Clik in Cambodia?
Cambodia fintech startup Clik raises US$3.7M in seed funding.
Why Clik believes that Cambodia is the best place to pilot a new fintech infrastructure.
How an innovative partnership between Clik and UK-based MYPINPAD is poised to disrupt Cambodiaโs payment ecosystem.
๐ง Find us on Apple Podcast, Spotify, Google Play, and Anchor!
๐ย Venture Capital Deal Flow Highlights in Southeast Asia
MVLLABS, the company behind Southeast Asian ride-hailing service TADA, has raised US$15M in Series B funding to build an electric vehicle model for launch in Cambodia.
Halodoc snags US$80M Series C funding led by local automotive conglomerate Astra to expand its telemedicine platform in Indonesia. Halodoc plans to channel the fresh capital towards expansion plans in its healthcare verticals and improve the patient experience on its platform.
Alameda Research, the leading quantitative crypto trading firm behind the top derivatives exchange FTX, has invested US$4M in Coin98 Finance. The funding inhibits confidence that the DeFi market in Asia has room to grow and that the popularity of DeFi services will pick up across Asia.
Pakistanโs logistics startup Truck It In has raised US$1.5 million pre-seed funding for its trucking marketplace in a pre-seed round led by Global Founders Capital. This is one of the largest pre-seed investments raised by a startup based in the Middle East, North Africa and Pakistan region
Pakistan-based Jabberwock Ventures, the parent company of online food delivery platform Cheetay Logistics and Swyft Delivery Solutions, has reportedly raised close to US$20 million in Series-B round. The funds will be deployed towards both of the startups.
๐ฐย Frontier Market Start-Up and Venture Capital News in Southeast Asia
๐ฐ๐ญ Many opportunities for Singaporean logistics companies in Cambodia.
๐ฎ๐ฉ Indonesiaโs smaller cities are catching the eye of startup investors like Jay-Z.
๐ป๐ณ Vietnam-focused VCs eye startups enabling digital adoption by SMEs.
๐ง๐ฉ 9 Bangladeshi youths made their way onto the Forbes 30 Under 30 Asia list.
๐ฒ๐ฒ How the coup dโรฉtat would play out for Myanmarโs startup ecosystem.
๐ต๐ญ Fintech startup Xendit launches โLevel Upโ accelerator program for Philippine startups.
๐ณ๐ต How the Nepalese cyber security firm Nassec dreams to be Nepalโs first billion-dollar IT company.
๐ต๐ฐ How Pakistani startup โOut-Classโ is the alternative to tuition centers.
๐ Knowledge Base: Entrepreneur and Investor Learning Resources
In this weekโs video resource, we share a Playbook for Achieving Product Market Fit by Dan Olsen. Dan is a product management expert who shares his advice on how to achieve product market fit, including the โProduct-Market Fitโ pyramid, as well as his โLean Product Processโ, an iterative methodology for achieving product market fit illustrated with real-world case studies.
The Playbook for Achieving Product Market Fit:
Additional Resources To Check Out:
๐ย Creating FOMO: How to build buzz for your product.
๐ฅ What to do once your startup leaves an accelerator program.
๐จย 5 strategies for starting a business with limited resources.
๐จโ๐ป Raising seed capital in Southeast Asia - getting investor ready.
๐ฅย Hot Global Topic:ย 15 Years of Spotify: How the Streaming Giant Has Changed and Reinvented the Music Industry.
๐จ๐ผโ๐ปย Frontier Market Job Opportunities
International Finance Corporationย (IFC) is hiring for anย Investment Officerย in Phnom Penh, Cambodia.
Clik Payment is hiring for multiple positionsย in Phnom Penh, Cambodia.
The Heineken Companyย is hiring for aย Strategy Transformation Analystย in Phnom Penh, Cambodia
Sabay is hiring for multiple positionsย in Phnom Penh, Cambodia.
UNDPย is looking forย Country Representativeย at Kathmandu, Nepal.
๐ฃ Help Spread The Word!
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๐ง What is Rising Giants?
The Rising Giants Podcast was created in November 2020 by Max Thornton and Dominic Kalousek after realizing that there were a limited number of resources available for insight into the local startup and investor ecosystem in Southeast Asia.ย ย
Our mission is to talk to entrepreneurs and investors in the worldโs most rapidly evolving frontier markets to help understand what it takes to have bold ideas and build the business disruptors of tomorrow. Through our personal exploration of these landscapes, we dive deep in our interviews withย inspirational individuals learning about their career journeys,ย ideas, and insights into the marketsย of developing startup ecosystems, and expanding on why they see their business and the region as a "rising giantโ.
