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Singapore FinTech Zipmex raises $6M to grow its digital assets exchange in Asia Pacific
The company plans to grow the team and work on its current product offerings and set up new offerings to further diversify. This will include working on ZipUp, Zipmex’s interest-bearing product, and ZMT, its new native token.
Singapore sets new rules for payment service companies that support crypto
On the first working day of 2021, Singapore’s Parliament approved a bill to impose stricter oversight on virtual payment service providers that support DPTs or cryptocurrencies
Singapore’s Grab Holdings boosts its FinTech unit with a $300M funding round
This is the first time for Grab’s FinTech arm to secure money from new investors. The new investment in Grab Financial Group is substantial, but Grab Holdings Inc. continues to own the majority stake in the subsidiary.
Malaysia’s TIME dotCom acquires controlling stake in AVM Cloud in a major cloud computing push
TIME dotCom shelled out over $14.5 million to purchase a 60 percent controlling stake in the company.
Philippines mobile wallet GCash secures $175 million investment amid rising demand for digital payments
GCash has reportedly facilitated over $20.78 billion (PhP1 trillion) in in-app transactions in 2020 and grew its customer based to 33 million, amid increased demand for online payments and money transfer transactions during the COVID-19 pandemic
Indonesian genotech firm Nusantics secures funding for new Covid-19 test kit tech
Nusantics is planning to use the fund to continue expanding its research and development in the field of genomes of different microorganisms. Aside from microbiome analysis, Nusantics also plans to delve into research and production geared towards medical diagnostic kits, specifically Covid-19.
Poema Global, SPAC that focuses on high-growth tech companies in Asia, secures $300M in US IPO
The news about Poema Global’s relatively massive IPO comes at a time when SPACs are gaining popularity as an option for private companies in Asia to tap on public investments.
EdTech platform Kyt plans MENA expansion with $5M Series A
Educational technology startup Kyt has announced that it has raised a total of $5 million in a Series A funding round. The investment was led by Alpha Wave Incubation, which is run by US investment firm Falcon Edge Capital. Aside from AWI, angel investors and companies including Titan Capital, January Capital, and Sequoia Capital India’s Surge contributed…
Indonesian AI investment advisor app Bibit secures $30M in Series A round
Robo-advisor mutual fund investment app Bibit raised $30 million in a Series A led by Sequoia Capital India. The funding round was also participated by previous investors EV Growth, AC Ventures, East Ventures, and the global early-stage venture fund 500 Startups.
