Shopee survey shows new generation of Malaysians shop value-based online
New generations of Malaysians are shopping with purpose online as Shopee's marketplace data shows online consumers are three times more likely to buy products that promote smarter…
Indonesian insurtech firm Qoala raises $7.5M in Series B+ led by responsAbility
Qoala, an Indonesia-based insurtech company, has completed its Series B+ funding round, raising $7.5 million led by responsAbility Investments AG (responsAbility), a European…
BNPL schemes grow at a more moderate pace in 2022, says Malaysian Central Bank
Malaysian Central Bank said Wednesday that buy-now-pay-later (BNPL) schemes grew at a more moderate pace in 2022 amid tapering customer demand.
Elon Musk, tech experts call for ‘pause’ on advanced AI systems
The open letter came as tech giants and AI startups are rushing to develop better and more powerful AI systems to rival ChatGPT, the artificial intelligence chatbot developed by…
Singapore’s Right-Hand Cybersecurity announces $5M Series A funding
Right-Hand Cybersecurity, a Singapore-based human risk management firm for cybersecurity, has on Tuesday announced its successful $5 million Series A led by former PayPal…
Singapore’s Igloo extends weather index insurance to coffee farmers in Vietnam
Following the success of the weather index insurance for rice farmers, Singapore-based insurtech Igloo expands its blockchain-based parametric index insurance to coffee farmers.
Apple launches ‘Buy Now, Pay Later’ service in US
Apple's launch of BNPL service came at a time when some see the hype around BNPL is fading. During or even before the pandemic, BNPL has seen strong growth in Europe, United…
Alibaba to host conference call on Thursday to discuss split plans – report
It was reported that Alibaba intends to split its operations into six standalone units, each managed by a different chief executive.
Gobi Partners onboards Care Concierge to the Khazanah-backed Gobi Dana Impak Ventures fund
Gobi Partners, an interconnected Pan-Asian venture capital (VC) firm, has onboarded its first portfolio, Care Concierge under its newly established Gobi Dana Impak Ventures (GDIV)…
Filipino fintech Advance secures $16M in a pre-Series A funding led by Do Ventures, Lendable
Filipino fintech Advance has successfully secured $16 million in a pre-Series A funding led by Do Ventures out of Vietnam and Lendable, a technology-enabled investment and debt…
