Author: TechNode Global Staff

Indian online visa application platform Atlys has raised $12 million in a Series A round led by Peak XV Partners (formerly Sequoia Capital India) and Elevation Capital. The round also saw participation from existing investors Andreessen Horowitz (a16z), Musical Duo Chainsmokers, South Park Commons, Pinterest Founders and other investors.

Bank Mandiri is collaborating with the fisheries startup FishLog to support MSMEs.

Singapore-based insurtech bolttech has raised $50 million in Series B round led by impact investment firm LeapFrog Investments. The investment adds to bolttech’s recent Series B funding round, now totalling $246 million, the largest ever Series B round for an insurtech.

Analysts of UnaFinancial has projected that share of fintech in the gross domestic product (GDP) of Singapore will reach 3.56 percent in 2027. In 2022, 0.32 percent of Southeast Asia (SEA)’s GDP consisted of venture and other investments in the fintech industry. By 2027, this share is projected to reach 1.65 percent, growing five times.

Terra Drone Corporation, a drone and Urban Air Mobility (UAM) technology provider based in Japan, has expanded into the precision agriculture sector by acquiring the business of Avirtech, a startup providing agricultural drone spraying and mapping service in Southeast Asia.

Nila Capital, a Philippines student venture fund, has announced its official launch, bringing a new wave of value to Gen Z startup founders across the country. Its mission is to not only offer these visionary young entrepreneurs access to vital capital but also to cultivate an expansive network of industry professionals.

Chinese online service provider QuantaSing Group Limited has on Tuesday announced its acquisition of Kelly's Education, an online language education platform headquartered in Hong Kong. This transaction signifies QuantaSing's entry into the global online education market and the language learning sector.

German multinational technology firm Siemens, and Malaysia-based clean energy provider Progressture Power Sdn Bhd (Progressture Solar) have joined forces in a groundbreaking partnership to drive Malaysia's green energy transition agenda forward through digitization technologies.

Malaysian mobile service provider CelcomDigi Berhad (CelcomDigi) and energy infrastructure and technology company Yinson Holdings Berhad (Yinson) have inked deal to partner in the development of innovative electric vehicle (EV) services and infrastructure for Malaysian consumers, driving EV and green energy adoption in the country.

The Malaysian bourse has signed a Memorandum of Understanding (MoU) with Indonesia Stock Exchange (IDX) and the Stock Exchange of Thailand (SET) to set up an ASEAN environmental, social and governance (ESG) ecosystem.