TechNode Global Staff

Malaysia-based FinTech firm Boost has partnered mobile service provider CelcomDigi to launch global prepaid card on the Mastercard network. The prepaid card which is called the Beyond Card is the first two-in-one international card in Malaysia, enabling customers to access funds from Boost wallet balance and utilize a pre-approved credit line.

Total funding into FinTech startups in Southeast Asia (SEA) fell 74 percent to $229 million in the third quarter of 2023 from $887 million a year ago, making it the lowest funded quarter since 2020, Tracxn said Friday. The drop in funding was largely due to the absence of late-stage rounds in the third quarter of 2023.

Philippine agritech startup Kita has closed its oversubscribed $3 million seed round with Gentree Fund and Altara Ventures as co-lead investors. With the fundraising proceeds, the firm aims to digitize the agriculture supply chain through big data and artificial intelligence (AI).

Indonesia-based fintech firm ALAMI Group has on Thursday announced the completion of a growth investment round led by Indonesia-only venture capital firm Intudo Ventures. The round is also participated by existing investors such as East Ventures (Growth fund), AC Ventures, Quona Capital, and Golden Gate Ventures.

AirAsia Cambodia has on Thursday announced a strategic partnership with Oriental Bank Plc, a digital banking institution in the country, to offer innovative payment solutions for flight bookings tailored to the needs of Cambodian guests.

East Ventures, an Indonesia-based venture capital firm, and SV Investment, a South Korea-based venture capital and private equity firm firm, have on Friday announced the $100 million dedicated fund for Southeast Asia. This fund aims to open the investment corridor between the Southeast Asian and Korean venture ecosystem, including capital investment,…

The Bank for International Settlements (BIS) and central bank partners have on Thursday launched Project Mandala, which explores the feasibility of encoding jurisdiction-specific policy and regulatory requirements into a common protocol for cross-border use cases such as foreign direct investment, borrowing and payments.

Vingroup JSC automaker arm VinFast Auto Ltd, has reported higher net loss in the third quarter despite rising revenues. The firm's net loss for the quarter stood at $622.9 million, representing an increase of 33.7 percent from the third quarter of 2022 and an increase of 19.7 percent from the second quarter of 2023.

Aampe, an artificial intelligence (AI)-native user engagement platform, has on Thursday announced a $7.5 million Pre-Series A funding round led by Matrix Partners India and Peak XV Partners (formerly Sequoia Capital India & SEA). The new capital will support product development and fuel growth as the company continues its rapid global expansion.

Global technology distributor and solutions provider Avnet has recently signed a contract with Kerlink, a provider of internet of things (IoT) solutions based in France, formalizing its role as master distributor of Kerlink's LoRaWAN gateway products and associated software services in Asia Pacific.