TechNode Global Staff
Despite headwinds, Southeast Asia will pick up growth rate in next ten years : report
The Southeast Asian economy is forecasted to grow by 4 percent to 5 percent annually over the next 10 years, with Vietnam leading the charge at a projected growth of 5 percent to 7 percent, according to a joint report by Bain & Company and Monk’s Hill Ventures’ Angsana Council.
Mastercard and Grab launch program to boost entrepreneurship in Southeast Asia
Mastercard and Grab, the Singapore-based super app, announced Tuesday the “Small Business, Big Dreams” regional program to digitally upskill gig economy workers and small businesses in Indonesia, the Philippines, and Vietnam.
BEYOND Expo | How can startups raise funds in slow & adjustment periods?
As many regions around the world enter an adjustment period, startup founders and investors have to adjust to a slower fundraising pace. Still, some investors see the adjustment as a healthy thing since it produces more reasonable valuations, weeds out unproductive firms, and forces founders to focus on creating real value.
Singapore-based insurtech Bolttech closes Series B investment at $1.5 billion valuation
Bolttech, a Singapore-based insurtech company, announced Monday Tokio Marine, alongside other shareholders, will lead its Series B funding round. The investment values bolttech at an up-round valuation of approximately $1.5 billion, one year after it closed the largest ever Series A funding round for an insurtech.
Indonesian farming startup Beleaf raises $2M seed funding led by Alpha JWC Ventures
Indonesian smart farming startup Beleaf announced Monday its recently closed Seed funding of $2 million led by Alpha JWC Ventures, with participation from BRI Ventures’ Sembrani Nusantara, MDI-Finch Capital’s Arise, and several prominent angel investors.
Indonesian financial management platform Pocket raises pre-seed funding led by East Ventures
Pocket, an Indonesia-based fintech startup providing a holistic financial health platform for families, announced Monday the completion of an undisclosed amount of pre-seed funding led by East Ventures.
Singapore’s Endowus acquires Hong Kong’s Carret Private Investments to boost wealth management business
Endowus, the Singapore-based digital wealth advisory platform, announced Monday that it has completed its acquisition of a majority stake in Carret Private Investments Limited, a Hong Kong-based wealth manager and multi-family office that serves ultra-high-net-worth individuals, families, trusts and charitable organisations.
Hong Kong’s imBee raises $5M Series A funding led by DCM Ventures
ImBee, a Hong Kong-headquartered chat management platform, announced Monday that it has raised $5 million in Series A funding led by DCM, a global venture capital firm, to advance its platform offerings, go deeper into existing markets and expand its footprint in the Asia-Pacific region.
PropertyGuru acquires Singapore home services technology company Sendhelper
PropertyGuru Group Limited, the Singapore-based property technology company, announced Friday that it has acquired Sendhelper, a Singapore home services technology company.
China’s Baozun sets up regional headquarters in Singapore
Baozun Inc., the leading e-commerce service partner that helps brands execute their e-commerce strategies in China, announced Thursday its new regional headquarters in Singapore, as it seeks to drive e-commerce innovation and bring a competitive advantage to brands in Southeast Asia (SEA).
