XA's purpose is to foster innovation by empowering the tech community. What does it really mean?

Southeast Asia, Australia and Africa each represent dynamic and rapidly evolving startup ecosystems, shaped by strong digital adoption, youthful populations, and increasing capital inflows.

Southeast Asia’s digital economy is on a steep growth trajectory, with GMV expected to exceed $360 billion by 2028, powered by innovations in e-commerce, fintech, and AI. The region boasts over 460 million internet users and has attracted more than $70 billion in tech funding over the past five years.

Australia offers a mature yet vibrant tech landscape, underpinned by high digital literacy and sustained investment. Its startup ecosystem is thriving across sectors such as fintech, AI, and e-commerce, supported by robust venture capital activity and a strong culture of innovation. Australia's vibrant and mature digital economy is poised for continued expansion, building on a strong foundation of advanced digital literacy and significant investment. With a digital economy already contributing substantially to its GDP, Australia mirrors the growth seen in other regions through its rapid adoption of digital financial services, e-commerce, and emerging technologies like AI. The nation's robust tech ecosystem and consistent inflow of venture capital underscore its position as a key player in global innovation, attracting significant investments and fostering a dynamic environment for startups that are revolutionizing industries and addressing local and global challenges.

In Africa, digital transformation is accelerating, with internet contributions projected to reach $180 billion by 2025. Mobile internet access, digital payments, and groundbreaking innovations like mobile money have fueled a 27% annual growth in venture capital, highlighting the continent’s entrepreneurial momentum.

Together, these regions are shaping the future. We believe that XA Network has built an amazing platform to empower the tech community in these crucial regions. This mission shapes how we think about deploying capital and supporting the innovators who are working tirelessly on solving the challenges faced in their regions.



Sources: Southeast Asia: Resetting Expectations, Lightspeed, September 2024 & e-conomy report 2024, Google, Temasek and Bain & Company, e-Conomy Africa 2020, Google and IFC, 2023 Africa Tech Venture Capital Report, Partech Africa, Unlocking Digital Opportunity in Africa, Google, World Bank Open Data & Understanding the youth’s perspective, Afrobarometer.