Asia-Pacific’s small companies and startups on the rise. AI-driven innovation is the dominant theme of Forbes Asia’s sixth annual 100 to Watch list, which showcases small companies and startups on the rise in the Asia-Pacific region. OneLot provides working capital loans to used-car dealers in the Philippines, helping them expand in what research firm Mordor Intelligence estimates to be a $6.3 billion market. The company uses AI and in-person inspections to assess a dealer’s inventory before extending a credit line which is secured by the vehicles.The fintech has so far raised $3.3 million in seed funding from investors co-led by Accion Ventures and 468 Capital. Crestone Venture Capital and Everywhere Ventures also pitched in.
Read more in Forbes Asia.