Mergers and Acquisitions
Indonesia InsurTech Qoala acquires Thai InsurTech FairDee, expands into Thailand a year following its $13.5M Series A
Through this acquisition, Qoala plans to speed up technology scalability and innovation across all its businesses by using its learning from Indonesia and Thailand to strengthen its core competencies and digital offerings across all its markets.
Sea makes major FinTech push as it acquires Indonesia’s Bank BKE
With this acquisition, Sea, which is regarded as Southeast Asia’s most valuable company, strengthens its foothold in the FinTech sector. The company is inching closer towards its goal of becoming the financial technology leader in the ASEAN region.
Malaysia’s TIME dotCom acquires controlling stake in AVM Cloud in a major cloud computing push
TIME dotCom shelled out over $14.5 million to purchase a 60 percent controlling stake in the company.
