TechNode Global Staff
Malaysian Fintech startup MADCash secures $1M in funding to empower women entrepreneurs
MADCash Sdn. Bhd., a fintech startup focused on providing zero-interest microfunds to women entrepreneurs, has announced the successful completion of its pre-series A funding round, securing MYR 5 million ($1.06 million) investment. The funding was led by Artem Ventures with strong support from MSW Ventures and ScaleUp Founders Fund.
GoTo secures $150M from IFC to drive sustainable business and financial inclusion across Indonesia
PT GoTo Gojek Tokopedia Tbk (GoTo Group), the largest digital ecosystem in Indonesia, has secured $150 million from the International Finance Corporation (IFC), a member of the World Bank Group. The duo have sealed a partnership to boost financial inclusion and sustainability across Indonesia.
Visa launches $100M generative AI ventures initiative
Visa, a global payment firm, has on Monday announced a new $100 million generative artificial intelligence (AI) ventures initiative to invest in the next generation of companies focused on developing generative AI technologies and applications that will impact the future of commerce and payments.
Malaysia launches i-ESG Framework to tap into $12T global market on ESG-focused opportunities
The Ministry of Investment, Trade & Industry (MITI) in Malaysia has on Monday launched the National Industry Environmental, Social and Governance (ESG) Framework (i-ESG Framework) to prepare the nation’s manufacturing sector on embracing ESG principles, and for tapping into a $12-trillion global market on ESG-focused opportunities.
Sustainable Fitch: Asia’s electric vehicle ecosystem to benefit from climate goals and demand growth
Asia’s role as a hub for electric vehicle (EV) manufacturing activity will be supported by regional demand growth for low-emissions transportation, said Sustainable Fitch in a new report on Thursday.
Malaysia’s Teleport and China’s SF Airlines to cross-share logistics network
Teleport, the logistics venture seeded by Malaysian low-cost airline Capital A Berhad, and SF Airlines, China’s largest air cargo carrier by fleet, have signed a bilateral interline partnership to leverage on each other’s extensive air network to better serve their respective customers - Teleport brings to the table deep logistics access into Southeast…
Vietnam’s Green SM reaches six millionth ride
Green SM, the pure electric vehicle ride-hailing service of Vietnam’s Green and Smart Mobility JSC. (GSM) announced last Friday that it has reached the 6 millionth ride after only five months of its market launch.
Malaysia’s Hektar REIT partners GMA Resources for EV charging bays
Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust (Hektar REIT), has partnered with GMAResources Sdn Bhd (GMA) for electric vehicle (EV) charging bays in Malaysia. This initiative involves the installation of 13 Electric Vehicle (EV) charging bays across six shopping malls in Hektar REIT’s portfolio commencing from 1…
Malaysian Central Bank: micro and small businesses will continue to enjoy zero-cost transactions DuitNow QR payments
Malaysian Central Bank said last Friday that micro and small businesses in Malaysia will continue to enjoy zero-cost transactions DuitNow QR payments, and no new costs for individual customers.
Singapore’s Vertex Technology Acquisition Corporation to merge with streaming platform 17LIVE Inc
Vertex Technology Acquisition Corporation Ltd (VTAC), a special purpose acquisition company (SPAC) based in Singapore, will buy streaming platform 17LIVE Holding Limited for SGD 925.1 million ($675.35m). The pro forma equity value of the proposed business combination is up to SGD 1,161 million ($847.56m).
