Southeast Asian unicorn Grab announced its plan to launch a new feature ‘Venues’ in a bid to help its passengers navigate their way in reaching out to their pick-up points. Meanwhile, Jakarta-based student loan startup Dana Cita is set to expand its business to the Philippines.
Grab to launch new feature ‘Venues’
Grab will introduce a new feature called ‘Venues’ in Indonesia by the end of April to help its passengers navigate their way in reaching out to their pick-up points, especially in a large-scale indoor and outdoor building, the Jakarta Post reported.
The feature, which is specifically targeted at tourists and foreigners, is created to help passengers find their pickup points at shopping malls, airports, and bus terminals.
The feature is available at 600 locations in Southeast Asia. The company plans to make the feature available at 10,000 locations by the end of the year.
Dana Cita to make inroads into the Philippines market
Student loan platform Dana Cita is set to foray into the Philippines market. The company will use the brand name Bukas (meaning tomorrow in Tagalog) for its Philippines foray, the Daily Social reported quoting Dana Cita co-founder Susan Lie.
However, Dana Cita did not disclose its plan in detail or share a timeline for its expansion.
The company obtained a permit licence from the Financial Services Authority (OJK) last year. As of March last year, it had disbursed about Rp 2 billion worth of funds to individuals seeking to pursue higher education.
Dana Cita raised an undisclosed sum of funding from San Francisco-based Patamar Capital in January this year. The company has previously raised seed funding from Y Combinator.