Author: Yimie Yong

This is in line with Grab Financial Group’s move to be more merchant-centric in its offerings and support its merchants’ business growth across the region.

The digital ID will use the latest biometric technology such as fingerprints, facial or iris recognition.

The acquisition enables Novatti to scale existing ATX businesses while looking to introduce additional Novatti services to the Malaysian market, such as billing.

The Southeast Asian fund will start expanding its investment mandate and investing more into countries like Vietnam, and the Philippines.

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.