As reported by Jack Ellis (found here):

Google has unveiled the latest cohort of startups for its Launchpad Studio program. Four out of the 10 entrants hail from Asia, with Indonesian ride-hailing unicorn Go-Jek among them.

Launchpad Studio is a sister scheme to Launchpad Accelerator, which is a six-month program for early-stage, emerging market startups. Studio, on the other hand, is specifically aimed at established, product-focused startups working with artificial intelligence and machine-learning tech. It doesn’t necessarily invest in participating companies, but it does give them an opportunity to work in tandem with Google’s AI and business experts to improve their product offerings. Studio’s first intake was in November last year, and it had a medical and healthcare theme. The new batch will be focused on fintech and financial services.

Notably, Go-Jek is one of the Asian startups to have been selected for the program. While the firm may still be better known for its ride-hailing app, its Go-Pay digital wallet has gained widespread adoption in Indonesia, while the company has also moved into other financial services such as loans and insurance. This week, it announced partnerships with Indonesian peer-to-peer lending portals Aktivaku, Dana Cita, and Findaya.

Google joined Go-Jek’s reported US$1.5 billion funding round earlier this year.

Another new Studio inductee is headed up by a former executive at Go-Jek’s key rival, Grab. Axinan, which was founded by ex-Grab chief technology officer Wei Zhu, is developing online insurance products for things like e-commerce purchases. Wei Zhu also had stints at Microsoft and Facebook. Axinan raised a seven-figure US dollar amount of funding in February this year, in a series A round led by Openspace Ventures with participation from Linear Ventures.