TechNode Global Staff
Startup accelerator Archipelago Labs launches $10M fund to invest and support Filipino Web3 startups
Archipelago Labs (A-Labs), a startup accelerator focused on the Philippines, has been officially launched to invest and accelerate the growth of the most promising startups and talents in the Philippines’ Web3 ecosystem.
Grab’s 3Q revenue up 143 percent year on year to $382M
Singapore-based super app Grab announced Thursday that its revenue surged 143 percent year on year to $382 million in the third quarter ended September 30, driven by strong growth in mobility and deliveries revenue. The firm has achieved segment adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) breakeven for overall…
Singapore’s Betafi raises $1.3M Pre-seed funding led by Together Fund, Entrepreneur First, and Titan Capital
Betafi, a Singapore-based unified user research platform, announced Thursday it has raised $1.3 million in pre-seed funding led by Together Fund, Entrepreneur First, and Titan Capital. The round also saw participation from Nir Eyal and founders from leading companies such as Razorpay, Pine Labs, Snapdeal, Livspace, and others.
SEA Group’s revenue up 17 percent year on year in 3Q
Singapore-based consumer internet company SEA Group announced Tuesday that the group's revenue rose 17.4 percent year on year to $3.2 billion in the third quarter ended September 30, 2022, as its e-commerce revenue surged. The group's e-commerce revenue for the third quarter jumped 32.4 percent year on year to $1.9 billion.
Visa launches Google wallet for Visa cardholders in Malaysia
Visa has on Wednesday announced the launch of Google Wallet for Visa cardholders on both Android and WearOS devices in Malaysia. Visa cardholders from Hong Leong Bank (credit) and Public Bank (credit and debit cards) can now make fast and secure purchases in stores, online, and in apps, and store their Visa cards within Google Wallet. Cardholders of HSBC…
Singapore’s Amilo expands to Southeast Asian markets after securing $2M funding
Amilo, a newly setup logistics company based in Singapore, plans to consolidate its growth within the four Southeast Asian (SEA) markets after securing $2 million funding. Over the next 6 months, the firm plans to consolidate its growth within the four markets of Singpore, Malaysia, Vietnam and Indonesia in a margin sustainable way before expanding into the…
Singapore’s ADDX raises $20M Pre-Series B round led by Korean KB Securities
Singapore-based private market exchange ADDX has raised approximately $20 million in fresh capital from new and existing shareholders. KB Securities, a subsidiary of Korea’s largest banking group KB Financial Group (KBFG), led this latest investment, which was part of an upsized Pre-Series B round.
Australia’s Vow raises $49.2M Series A funding led by Blackbird and Prosperity7 Ventures
Vow, an Australia-based cultured meat company, has on Monday announced its $49.2 million Series A funding co-led by Blackbird and Prosperity7 Ventures, the diversified growth fund of Aramco Ventures. The round also saw strong support from Toyota Ventures, Square Peg Capital, Grok Ventures, Cavallo Ventures, Peakbridge, Tenacious Ventures, HostPlus Super,…
Thai startup Beam raises $2.5M seed funding led by Surge, Sequoia Capital India and Southeast Asia’s accelerator program
Beam, a Thailand-based payment firm, has on Wednesday raised $2.5 million in seed funding led by Surge, Sequoia Capital India and Southeast Asia’s rapid scale-up program, with participation from Partech Partners.
PLN seals agreement with Amazon for 210 MW of solar projects in Indonesia
Indonesian state-owned electricity company PT PLN (Persero) (PLN) announced Wednesday an agreement with Amazon for 210 megawatts (MW) of renewable energy capacity across four solar projects in Indonesia. This is a first-of- its-kind agreement for corporates to access additional, utility-scale solar projects in the country.
