Indonesia’s KOMUNAL raises $5.5M in Series A+ funding round led by Sumitomo Corporation Equity Asia
KOMUNAL, an Indonesian fintech firm focused on driving financial inclusion through the digitalization of rural banks (BPR), has closed the year 2023 by raising $5.5 million in a…
AEON Bank gets nod to commence Islamic digital bank business in Malaysia
AEON Credit Service (M) Berhad (AEON Credit) has on Monday announced that its associated company - AEON Bank (M) Berhad (formerly known as ACS Digital Berhad) (AEON Bank) has…
Boost-RHB Digital Bank Consortium gets approval to commence operations in Malaysia
Boost, a regional fintech leader, and its consortium partner, RHB Banking Group (RHB), have received official approval from Bank Negara Malaysia (BNM) and the Ministry of Finance…
Fostering a living security ecosystem
Organizations and individuals alike need to brace themselves for a new era of threats, which are becoming smarter, quicker, and more coordinated. To combat this, incorporating a…
Crypto firm Metalpha invests in digital solutions provider NextGen Digital Venture
Metalpha Technology Holding Limited (Metalpha), a global crypto-based wealth management company, has invested in NextGen Digital Venture Limited (NextGen), strengthening the…
AirAsia Aviation Group strengthens leadership team with two executive appointments
AirAsia Aviation Group has announced two key leadership appointments - Chester Voo as Deputy Group Chief Executive Officer (Airline Operations) and Farouk Kamal as Deputy Group…
Indonesian AgriTech Semaai raises $4.7M in Pre-Series A funding led by CyberAgent Capital
Semaai, an Indonesian agritech startup, has raised $4.7 million in a mix of equity and debt financing. CyberAgent Capital led this investment round with participation from new…
OneDegree strengthens leadership team with two key appointments
OneDegree Group, a Hong Kong-based insurtech, has made two key appointments on January 1, 2024. Michelle Ip has been appointed Chief Executive officer of OneDegree Global, the…
Alibaba’s Lazada cuts staff across Southeast Asia; reorganization plan to be announced soon – source
The new reorganisation plan will be announced by Jan 15, sources said.
VinFast to build $500M integrated electric vehicle facility in India
VinFast, Vietnam’s leading electric vehicle (EV) manufacturer, has signed an agreement to build an integrated electric vehicle facility in Tamil Nadu, India. The duo will work…
EY: Asean’s IPO proceeds down 20 percent on year to $5.6B in 2023
Asean initial public offering (IPO) proceeds down 20 percent year on year to $5.6 billion in 2023, EY said Friday. According to the firm's EY Global IPO Trends 2023, ASEAN IPO…
Crunchbase: global startup funding in 2023 clocks in at lowest level in five years
A slower final quarter ended a lackluster year for global startup funding as venture capital investors continued to hold back in 2023, Crunchbase data showed Thursday. Global…
Bain & Company: global healthcare private equity deal reaches $60B in 2023
The healthcare sector continued to be a hub of private equity (PE) deal activity in 2023, reaching $60 billion in announced deal value, despite higher global interest rates,…
