TechNode Global Staff

Accelerating Asia announces investments into ten startups for 7th cohort

Accelerating Asia, a Singapore-based venture capital accelerator focused on pre-Series A startups has invested in ten new companies from across Asia Pacific as part of its 7th cohort. The new investments take the venture capital accelerator’s portfolio to 60 startups who have raised a total of over $50 million, with Cohort 7 having raised $5.2 million prior…

Philippine tech ecosystem remains resilient but faces talent issue, Gobi-Core report shows

While the Philippine tech ecosystem remains resilient amid global economic headwinds, the country’s talent pool must grow in tandem to support the birth and growth of local startups, according to the Gobi-Core State of Talent in Tech 2022 report revealed on Wednesday.

DBS becomes first bank in Asia to complete intraday repurchase transaction on a blockchain based network

Singapore-based bank DBS announced Wednesday that it has become the first bank in Asia to complete an intraday repurchase transaction on J.P. Morgan’s intraday repurchase application on Onyx Digital Assets, a blockchain based network which supports instant settlements and maturity of the transactions within hours instead of the current industry norm of one…

Singapore-based climate tech start-up URECA closes Pre-Seed funding round at $1.5M

URECA, a Singapore-headquartered climate tech company, has announced on Tuesday the close of its pre-seed fundraising round at $1.5 million, exceeding the company’s original target to raise $1 million. This funding will be used to scale URECA’s operations across Southeast Asia and to accelerate the launch of its unique marketplace that enables people to…

Australia’s Sapia.ai raises $17M Series A funding led by Macquarie Capital & W23

Building on the continuing success of its artificial intelligence (AI) solution in delivering diversity and inclusion in hiring, Australian AI-powered recruitment firm Sapia.ai on Tuesday announced a $17 million Series A raise led by Macquarie Capital and Woolworths Group's W23 venture capital arm.

Yangzijiang Financial partners Heliconia Capital to launch $109M fund to invest in Southeast Asian SMEs

Singapore-listed financial firm Yangzijiang Financial Holding Ltd, has partnered with Temasek-backed investment firm Heliconia Capital Management Pte. Ltd. (Heliconia), to launch S$150 million ($109 million) fund to invest in promising small and medium enterprises (SMEs) in Singapore and other Southeast Asian countries.

Singapore’s Wavemaker Partners names ex-Facebook exec Andy Hwang as General Partner

Wavemaker Partners, a Singapore-based venture capital firm, has on Wednesday welcomed Andy Hwang as its new General Partner, as the firm celebrates 10 years of investing in the region. Hwang is transitioning into venture capital after angel investing and coaching startup founders full-time for the past year.

South Korean SaaS firm Toss Lab secures $1.2M strategic investment from Taiwan’s Kdan Mobile Software

Toss Lab Inc, a South Korean software as a service (SaaS) firm, has secured $1.2 million strategic investment from Kdan Mobile Software, Ltd, a global SaaS company headquartered in Taiwan. The two leading productivity software companies from Asia plan to integrate their solutions to expand the international business to business (B2B) market.

J&T launches fresh delivery service in Malaysia

J&T Express Malaysia announced Tuesday that it has commenced full operations of the fresh delivery service in Malaysia. The J&T Fresh Delivery service is an end-to-end delivery of fresh produce from Cameron Highlands to Klang Valley, ensuring that the produce reaches its destination in the shortest time possible.

Ni Hsin launches electric vehicle motorcycles in Malaysia

Ni Hsin EV Tech Sdn Bhd, a wholly-owned subsidiary of Malaysia-listed Ni Hsin Group Berhad, has on Tuesday launched its TAILG EBIXON electric vehicle (EV) motorcycles. The firm has unveiled two models of its TAILG EV motorcycles in the personal and commercial categories: the TAILG EBIXON BOLD and TAILG EBIXON TORQ.