TechNode Global Staff
Mastercard partners with Asian digital currency firms to launch first Crypto-linked payment cards in Asia Pacific
Mastercard has partnered with three Asia Pacific (APAC) cryptocurrency service providers Amber Group (Hong Kong), Bitkub (Thailand) and CoinJar (Australia) to launch crypto-funded Mastercard payment cards. Consumers and businesses in the APAC region will be able to apply for crypto-linked Mastercard credit, debit or pre-paid cards that will enable them to…
Singapore’s PE fund ABC World Asia exits solar energy firm Sunseap Group with EDP Renewables deal
ABC World Asia (ABC World), the Singapore-based Asia-focused private equity impact fund, is set to make its first exit as part of a transaction between shareholders of portfolio company Sunseap Group and global renewables energy producer EDP Renewables (EDPR).
Indonesia’s Eden Farm closes $19M Series A financing from AppWorks and AC Ventures to scale-up its food ecosystem
By the end of 2022, Eden Farm plans to expand to 25 cities and 8 regencies, supplying more than 100,000 customers with 100 percent fulfillment rate of more than 1,000 stock keeping units (SKUs), to finance and generate demand.
ScaleUp Malaysia announces its Top 20 Companies for its 3rd Cohort
The companies selected hail from a diverse group of industries and verticals such as Edutech, Fintech, Media, Manufacturing, Cyber Security, FoodTech, and e-commerce.
MyCloudFulfillment raises $7.4M Series B from JWD Group & SCB 10X to support warehouse & service improvement & regional expansion
The funding will be mainly used on improving warehouse and service capability, expanding the management and software development team, and expanding its service to neighboring countries.
Singapore’s Una Brands raises $15M Series A funding co-led by White Star Capital and AlphaJWC
Una Brands will use this capital to acquire e-commerce brands based in the Asia Pacific and further strengthen its technology and team to operate these brands at scale.
Siam Commercial Bank buys 51% stake in digital asset exchange Bitkub for $540M
Under the deal, SCB’s affiliate SCB Securities Co., Ltd. (SCBS) will become Bitkub’s major shareholder and will be responsible for driving and engaging closely with the company as a business partner in building a business and digital asset ecosystem whereby digital asset exchange will become one of the nation’s key infrastructure segments to achieve further…
Taiwan’s ALP to invest $1B to develop smart warehousing parks in Malaysia
Taiwan’s largest warehousing infrastructure developer Ally Logistic Property, Co. Ltd. (ALP) is set to invest $1 billion in Malaysia to develop smart warehousing solutions to boost the nation’s logistics industry.
Singapore’s ShipsFocus and Quest Ventures launch Maritime Fund, with first close at $7.5M
The Maritime Fund will invest in startups and technologies spanning applications in shipping and operations, maritime services, and port operations and services, which can include transiting shipping into a digital operating system and addressing ESG, GHG emission and regulatory challenges, and deep-tech disruptions ranging from autonomous vehicles to…
Portugal’s EDP Renewables acquires 87.4% stake in Singapore’s Sunseap for $697M
The transaction allows EDPR to establish its presence in APAC with 540MW of operational and under-construction solar projects and a sizeable portfolio at different stages of development, namely 5.5GW of renewable projects.
