Vertex Ventures Japan completes first close of $66.95M fund
Vertex Ventures Japan (VVJ) has announced the completion of the first closing of its inaugural fund, Vertex Ventures Japan Fund I (VVJFI), targeting JPY 10 billion ($66.95…
RAM: GXBank tops Malaysia’s digital banking customer deposits with $489M for first nine months of 2024
Grab-backed GXBank, topped Malaysia's digital banking customer deposits with MYR 2.16 billion ($489 million) for the first nine months of 2024, RAM Ratings said Friday.
Taiwan’s Hotayi Electronic breaks ground on $113M smart manufacturing facility in Malaysia
Taiwanese electronics manufacturing services company Hotayi Electronic (M) Sdn. Bhd. has broken ground on MYR 500 million ($113 million) smart factory expansion in Malaysia.
VinFast, Amarta ink deal to develop 22 VinFast stores in Indonesia
Vietnamese electric vehicles maker VinFast has signed a memorandum of understanding (MoU) with Indonesian vehicle distributor PT Aribi Amartapura (Amarta) to accelerate the…
Heineken launches global GenAI lab in Singapore
Dutch multinational brewing company the Heineken Company has on Wednesday announced the launch of its first global Generative AI (GenAI) lab in Singapore.
Temu, DLocal team up to expand shoppers payment solution in Africa, Asia, Latin America
Temu, the global e-commerce platform of China’s PDD Holdings, and dLocal, the cross-border payment platform connecting global merchants to emerging markets, have announced a…
Halogen Capital, Affin partner to offer shariah-compliant Bitcoin fund
Halogen Capital, a Malaysia-based licensed digital asset fund manager, has signed with lender Affin Bank Berhad to distribute their Halogen Shariah Defensive Bitcoin Fund with an…
PayNet, Swipey join forces to drive SME digitalization with DuitNow QR
Malaysia's fintech firms Payments Network Malaysia (PayNet) and Swipey Digital Services (Swipey) have announced a strategic partnership to expand digital payment adoption among…
Carsome achieves first full year of profitability with stronger margins and cost disciplines
Carsome Group, Southeast Asia’s largest integrated car e-commerce platform, has recorded $10.5 million in adjusted earnings before interest, taxes, depreciation, and amortization…
MoneyHero launches AI Agent through strategic partnership with Ada
MoneyHero Limited, a personal finance aggregation and comparison platform in Greater Southeast Asia, has partnered with global AI consumer service firm Ada to launch an artificial…
Singapore’s Enya secures strategic investment to scale period care access across Asia, the Middle East
Enya, a Singapore-based brand in sustainable period care, has secured strategic investment from 500 Global, alongside venture debt financing from Crusade Partners, to expand its…
Senang.io partners with iRemit to launch financial product for Filipino overseas workers
Senang.io, a Malaysian headquartered fintech company, has partnered with iRemit, a Filipino-owned non-bank remittance provider, to launch the DreamSecure — a financial product…
Malaysia’s VC and PE committed funds reach $5.58B in 2024
Total committed funds for private equity (PE) and venture capital (VC) in Malaysia reached a combined total of MYR 24.70 billion ($5.58 billion) in 2024, the Securities Commission…
Ignoring crypto won’t make it disappear; India needs a plan
The lack of formal regulations has not stopped adoption—it has only driven it into grey areas where oversight is minimal. If India does not address this regulatory gap soon, it…
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