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Hi readers,
My wife and I are planning to move to a new place outside Metro Manila, the Philippines’ center. The process has been exciting so far, as we enjoy checking out photos for inspiration on our home and cooking up ideas of our own.
Our current residence has a smart home setup, which allows us to control the lights and air conditioner through our Alexa device. It’s something we plan to take to our new place.
We’re considering some upgrades, too, including adding a smart-entry system. We’ve been looking at door handles with lock codes for a while now, though I have to admit that smart locks – like those offered by Singapore-based Igloocompany – take home security up a notch.
It appears that others are interested in smart locks as well. Igloocompany’s revenue almost doubled in 2023, driven by a boost in sales. The startup also slashed its losses significantly last year.
Igloocompany’s success has been accelerated by its US expansion. The firm previously said that over half of its business comes from the country.
It will be interesting to see what other opportunities this company could unlock soon, especially with its plan to widen its reach in the US.
— Miguel Cordon, journalist at Tech in Asia
Top stories this week
Image credit: Timmy Loen
1️. Smart locks startup doubles revenue in 2023, buoyed by US growth
Over half of Igloocompany’s business comes from the US, where it is in the middle of a “significant expansion.”
2. The smart money is on kids going cashless for this Malaysian firm
Vircle’s concept centers around purpose-bound money, allowing parents to give their kids funds for school expenses.
3. Line Man Wongnai serves 20% revenue boost in 2023 as losses trim
The Thailand-based firm “outpaced market growth in the food delivery sector” last year, its CFO says.
4. Web3 map reveals blockchain’s strength in SEA
Web3 companies are on the rise again as many focus on the practical features of blockchain technology.
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