Latest news and trends about tech

Vietnam proptech firm Homebase raises $30M led by Y Combinator and other global investors

Homebase will use the funding to expand its market leadership in Southeast Asia’s Proptech industry and get one step closer in its mission of empowering homeownership for 100,000 families across Southeast Asia, one family at a time. The company is set to further develop its proprietary technology, launch additional partnerships with real estate developers…

Philippine tech ecosystem poised to grow further with more investments & gov support – report

Funds raised by startups in the Philippines during the first ten months of 2021 almost exceed the total amount funds raised from 2017 to 2020.

Taiwan data governance startup FST Network raises $2.9M in Seed funding round

FST Network aims to deliver a comprehensive set of tools for data governance, management, and lineage, and this investment will be used to accelerate the company’s rapid growth, enhance product development and expand sales and marketing efforts.

Grab’s 3Q revenue down 9% due to coronavirus curbs, net loss widen to $988M

Mobility and food delivery services were suspended in Vietnam for most of Q3, and six of its core countries in which Grab operates experienced tighter movement controls.

Singapore asset trading platform Sparrow raises $4.4M Series A led by Gain Loyal

With the Series A funding by Gain Loyal, Sparrow also aims to attract talent in risk management, trading, technology, and operational excellence. It will also improve its KYC, AML, and CFT regulatory framework and continue to grow its workforce across all its functions.

Microsoft partners She Loves Tech to unlock $1B in capital for women entrepreneurs in Asia

Microsoft Asia has partnered with She Loves Tech to unlock $1 billion in capital for women-led businesses by 2030. The partnership will see Microsoft support an Azure-powered digital platform to facilitate connections at scale between women entrepreneurs, venture capitalists and angel investors from around the world.

Singapore early-stage venture capital firm Antler aims to invest in 100 startups in Indonesia

Antler plans to invest in at least 100 companies in Indonesia over the next 4 years, with the first Indonesia investments to be made in early 2022. It has launched in Indonesia to enable more entrepreneurs to build startups and raise funding with the support of the global Antler and take advantage of the unique ecosystem and opportunties across Indonesia.

India health & wellness startup Mosaic Wellness raises $24M in Series A led by Sequoia Capital India

Mosaic was founded in 2020 with the vision of delivering consumer-centric, vertically integrated, and affordable digital healthcare platforms, which led to the birth of Manmatters in May 2020 and Bodywise in May 2021, which are focused on curated services and products for Men’s health and Women’s Health respectively.

Indonesian Islamic body forbids crypto as currency – report

As a means of payment, cryptocurrencies are forbidden according to Shariah law because they carry elements of uncertainty and harm, and are in violation of state laws.

The NFT Boom: The popularity behind Non-Fungible Tokens [BEYOND Virtual Panel]

Data ownership, censorship, control--these are challenges that NFTs have the opportunity of solving, thus shifting away from a “feudal” model of gaming wherein the platform owns the content.