Latest news and trends about tech
Singapore blockchain security firm CYBAVO raises $4M in pre-Series A round
The company intends to use the latest funding to fuel expansion in the East Asian, European, and North American markets and invest in R&D.
Malaysia’s telecoms infrastructure firm Edotco accepted as United Nations Global Compact signatory
As a signatory, Edotco said it will be supporting the 10 Principles on human rights, labor, environment and anti-corruption, which will be embedded as part of the company’s strategy, culture, and day-to-day operations.
PropTech boom is driven by data, says WeMaintain’s Byron Fuller in a discussion on IoT, green tech & engineering [Q&A]
Deep tech in PropTech provides asset owners with digital solutions and helping them realize healthier, more profitable buildings. But you need to be a digital-first company to think that way.
A look into how cloud kitchens are driving growth for Taiwan’s billion-dollar food delivery industry
The Taiwan food delivery market, which is a top market for international food delivery players foodpanda and Uber Eats, is expected to generate $1 billion annually and already does close to 600,000 orders per day.
Taiwan’s XREX raises $17M in Pre-Series A funding round led by CDIB Capital
XREX will use the funding to expand its fiat currency portfolio, acquire additional licenses, and forge partnerships with more financial institutions and digital wallets.
A closer look at 4 Vietnamese startups that made the Forbes Asia 100 to Watch list
Recently, Forbes Asia has released the inaugural 100 to Watch list, which spotlights notable small companies and startups on the rise across the Asia-Pacific region. Among the 100 featured companies, Vietnam has four of its startups selected, operating in the fields of e-commerce, logistics, proptech, and healthtech.
Political uncertainties in Malaysia seen as ‘short-term risks’, say tech investors
Venture capitalists TechNode Global contacted opined that political issues will have little impact on investors' confidence in Malaysian tech startups. The tech industry in the country will continue to grow due to the ongoing pandemic which has accelerated digitalization.
Indonesia’s GoTo to complete $2B funding round, eyes IPO in 2022 – report
The delay comes as Indonesia's Financial Services Authority (OJK) considers new listing guidelines for tech companies to offer dual-class shares that confer different voting rights.
3 Ways cryptocurrency is innovating finance in the APAC region
Cryptocurrency is one of the most innovative ideas of the 21st Century. It is not only disrupting the financial system. More importantly, it has created new ecosystems not only in the finance sector but in many other markets that are now pursuing more innovations in response to the increasing use of crypto and blockchain.
Philippines to stop accepting digital bank applications for 3 years, caps licenses to 7
The Monetary Board decided to close the window for the submission of applications from new digital banks, including converting banks, starting August 31, 2021. This is in line with the overall thrust of maintaining a stable and competitive environment for banks.
