Yimie Yong

The sectors in focus include advanced manufacturing, disruptive materials, net-zero tech, life sciences, and food tech.

Indonesia’s retail market is estimated to be around $300 billion, of which 70-80 percent is traditional retail--with this market growing 8 percent year on year, the potential is enormous.

This funding will enable Atome Financial to grow and connect a wider ecosystem of merchants to a larger customer base, improving product access and financial inclusion for consumers across the region.

The funds will be used to expand across Southeast Asia and integrate local languages within the platform.

InnoVen SEA Fund has completed its first close of $50 million with InnoVen Capital and will be seeking additional investors to participate in the fund.

AirAsia Digital is valued at around $1 billion based on all-share transaction in July 2021, as reported by the company, Credit Suisse said in the report dated Oct 5.

Shoplinks will use the funds to strengthen its foothold in Indonesia before expanding into other Southeast Asian markets. Additionally, the funds will be used to grow its team and invest more in product development.

The funding brings UnaBiz’ total capital raised to $35 million since it launched in July 2016.

Adding on to this announcement is the unveiling of StraitsX’s new platform and identity. The new StraitsX platform features a redesigned and streamlined user interface to enable faster and more efficient navigation.

Solarvest will assist in further fundraising and other grant applications that are relevant and help the company get connected by leveraging its extensive business network.