Chope

An M&A may still be on the menu for the Singapore-based restaurant software startup.

We look at Grab’s acquisition of restaurant booking platform Chope and layoffs at fintech firm MoneyHero.

The super app also sees “a lot of potential” in extending Chope’s restaurant reservation services to its merchant-partner base across Southeast Asia.

In 50 Words: The CEO is stepping away from his role due to family circumstances.

Vouchers and gift cards remained as Chope’s biggest money-makers for the year.

This enables Trip.com users to book reservations in 3,000 restaurants across Singapore, Bangkok, Phuket, Jakarta, and Bali.

Staff working on strategic projects were the most affected by the move, Chope said.

The firm has dialed up efforts to grow its cross-border solution Alipay+, indicating that digital payments in Southeast Asia is again a priority.

This week, On the Rise looks at Chope’s financials, spotlights Nusantics’ post-pandemic rise, and dives into Quest Ventures’ recession strategy.

With a 32% revenue growth in H1 2022 and a better contribution margin, the restaurant management platform expects smooth sailing despite recession.