TNGlobal Staff

Malaysia property developer Hatten Land partners Singapore FinTech Hydra X to develop and operate cryptocurrency exchanges

With every transaction being recorded on distributed ledgers, regulated financial institutions might reject Bitcoins that may have been used for illegal activities. However, freshly minted 'Virgin Bitcoins' with no transaction history are considered pristine and can potentially command a premium. 'Green Bitcoins' mined with renewable energy sources are also…

Indonesia D2C skincare brand NAMA Beauty raises $5M in seed funding led by AC Ventures, plans to launch second-line brand

The company plans to use the new funding for research and development, marketing and branding, hiring more talents, and launching a new second-line brand. Through existing infrastructure and know-how, the company’s vast logistical and distribution capabilities via partnerships with DMMX and SiCepat Ekspres allow for tremendously scalable operations

Taiwan’s ProLogium Technology secures $326 million to expand global electric vehicle battery production capacity

The funds will be deployed to expand production capacity in Asia, Europe, and the US between 2023 and 2025 to supply the local demands of the major OEMs with high-quality EV batteries. This will accelerate the provision of SSB solutions for ProLogium's EV strategic partners.

Mynt secures $300M funding from lead investors Warburg Pincus, Insight Partners and Bow Wave, now valued at over $2B

Since the onset of community quarantines as a response to COVID-19, Mynt has been at the forefront of the digital transformation of Filipinos as the 'go-to' payment and financial services solution to over 48 million users, nearly half of the national population. With the continued relevance of the app among its users, Mynt is on track to reach PHP 3…

Indonesia’s Open Labs launches $100M fund to invest in e-commerce sellers

The fund will invest in high-potential businesses and help them grow online, scale operations and become great consumer brands. Touted as the biggest fund among brand aggregators in Southeast Asia, the fund will focus specifically on investing in and providing operational support for e-commerce sellers, initially in Indonesia.

Singapore private equity firm Tembusu Partners launches $100M sustainable fund with Eco-Business

The fund will take a broad sector approach and focus on the five high opportunity areas it has identified: energy transition, climate action, sustainable cities, and circular economy, sustainable food and agriculture, and inclusion. It has a robust pipeline of quality deals and has already invested in an Indonesian start-up in the financial inclusion space.…

ShopeePay partners Malaysia’s GHL to expand its digital payments in the Philippines

ShopeePay e-wallet users will now be able to pay at establishments such as Phoenix Petroleum, Family Mart, Three Sixty Pharmacy, Prince Retail, and more chains nationwide.

India hyperlocal e-commerce platform LoveLocal raises $18M pre-Series B round led by Vulcan Capital

LoveLocal's Pre-Series B marks the largest round ever raised by a solo woman tech founder in India. This represents a huge step forward in the Indian startup ecosystem and comes at a time when less than 1 percent of Indian venture capital deals are invested in women-only-led companies. Moreover, the country is grappling with a sharply declining female labor…

Malaysian investment firm Kenanga Investors launches fund to invest in tech firms

The fund aims to invest primarily in equity securities of global cutting-edge, innovative companies with long-term sustainable growth potential, are on the cusps of initial public offerings, and have or will develop products and services that are linked to technologically-driven innovations. The fund also aims to further bridge the gap between retail…

Validus acquires KlearCard’s business payments and expense management platform to bolster its upcoming SME Neobank offering

The acquisition of the KlearCard platform, an established player with a proven product-market fit in the region, will pave the way for Validus to accelerate its build-out of Southeast Asia’s first credit-led SME-focused Neobank, which will provide SMEs with a best-in-class experience through a fully integrated and holistic suite of financial tools and…