However, critics in the nation have expressed concern that Google could now come in and monopolize the market. "If Naver and Kakao are weakened or pushed out and Google later raises prices, that becomes a monopoly. Then, even companies that rely on map services — logistics firms, for example — become dependent [on Google]," geography professor Choi Jin-mu told Reuters.
In 2018, alongside fellow entrepreneur Giovanni Casinelli, Baronchelli founded Aspire, an “all-in-one” B2B fintech app helping small business owners automate various financial processes such as expense tracking, and doling out cross-border payments to both employees and vendors. Today, from its base in Singapore, Aspire serves over 50,000 SMEs across 16 countries, including eSIM provider Airalo, e-commerce firm Carousell, and news website Tech in Asia.
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