TechNode Global Staff
Hong Kong’s FWD partners Malaysia’s Artem Ventures to launch $10.22M fund
FWD Group Holdings Limited (FWD Group) has on Thursday announced the launch of TIM Ventures, a MYR45 million ($10.22 million) venture capital fund in collaboration with Artem Ventures, a Malaysia-based venture capital firm, to invest in emerging start-ups in the insurtech and Islamic fintech space in Malaysia.
South Korea’s BigBang Angels to establish global venture fund in Singapore with Farquhar Venture Capital
South Korean early-stage accelerator and venture capital (VC) Bigbang Angels (BBA) has on Thursday announced its formation of a global investment fund and deepens its footprint in South East Asia, by cementing its partnership with Singapore homegrown early-stage innovation ecosystem enabler, Farquhar Venture Capital (FVC).
SCB 10X launches Web3 collaboration hub for international community-building in Bangkok
SCB 10X, the venture investment arm of SCBX group, announced Thursday the launch of SCB 10X DISTRICTX, a physical space in the middle of Bangkok central business district (CBD) to build and foster world-class communities in blockchain and Web3.
Carsome Mobility Lab unveils five up-and-rising stars
Five mobility startups have presented their innovative pilot projects on Wednesday during the Carsome Mobility Lab demo day. The five companies are Asia Mobiliti Tech (smart mobility solutions), Carmen Automotive (SG) (vehicle data analytics solutions), Moovby (peer to peer car-sharing marketplace), MyBump Media (leading crowd advertising platform) and…
Tencent Financial Technology launches new global brand for cross-border payment business
Tencent Financial Technology, Tencent’s fintech arm, has on Wednesday introduced Tenpay Global, a new international brand for its cross-border payment business. The firm is also unveiling new inbound remittance capabilities to Weixin to facilitate easy money transfers to China.
US digital infrastructure firm Equinix enters Malaysia with $40M data center investment
Equinix, Inc., the United States-based digital infrastructure company, announced Wednesday its market entry into Malaysia with plans to build a new International Business Exchange TM (IBX) data center located in Johor, called JH1. With an initial investment of approximately $40 million, JH1 is scheduled to begin operations in the first quarter of 2024.
Binance enters Japan after acquiring Sakura Exchange BitCoin
Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, announced Wednesday it has acquired 100 percent of Sakura Exchange BitCoin (SEBC), the Japanese-registered crypto exchange service provider. Through this acquisition, Binance enters the Japanese market, as a Japan Financial Services Agency (JFSA) regulated……
Gogoro partners Globe’s 917Ventures, Ayala Corporation to bring battery swapping and smartscooters to the Philippines
Gogoro Inc., a Taiwan-based technology firm in battery swapping ecosystems, has on Tuesday announced a strategic partnership in the Philippines with Globe's 917Ventures and Ayala Corporation. The companies will be launching a two-wheel battery swapping pilot in Manila using Gogoro's industry leading battery swapping and Smartscooters.
Singapore’s Iterative closes $55M Fund II to back 100+ more companies
Iterative, a Singapore-based early-stage venture capital firm that also runs a YC-style accelerator, said Wednesday it has closed its second fund at $55 million to invest in startups across Southeast Asia.
Funding Societies crosses $27.8M in loan disbursements to SMEs in Thailand
Funding Societies | Modalku, the Singapore-based small and medium enterprise (SME) digital financing platform, has on Wednesday announced that its Thai business (Funding Societies Thailand) has reached THB1 billion ($27.8 million) in loan disbursements to small businesses in the country for year-to-date 2022.
