Uber Partner Ebanx Expands to SEA Markets; TomTom Q1 EBIT Rises to €13.8m
Payment firm Ebanx, which services Uber, launched in Thailand, Indonesia and Turkey and will enter Malaysia and Vietnam next quarter to tap over 500 million consumers. Mapping specialist TomTom, used by Uber, posted Q1 EBIT of €13.8m, up from €5.7m, while revenue dropped 8% to €129.2m on contract transitions.
1. Ebanx Expands in Southeast Asia
Ebanx has launched payment services in Thailand, Indonesia and Turkey and plans to enter Malaysia and Vietnam next quarter, targeting over 500 million digital consumers. Backed by Advent International and FTV Capital, the company will fund this expansion from existing cash reserves as it bolsters its footprint beyond Latin America, where 65% of its 2025 gross profit came from international markets.
2. TomTom Q1 Profit Jump and Revenue Slip
TomTom reported first-quarter EBIT of €13.8 million, more than doubling from €5.7 million a year earlier, driven by lower operating expenses following last year’s reorganization. Revenue declined 8% to €129.2 million due to a shift between old and new contracts, yet the company reaffirmed its full-year 2026 revenue guidance.