Malaysia

Flokq and Instahome, the full-stack online to offline long-term rental platforms in Indonesia and Malaysia, on Wednesday announced a partnership spanning marketing and distribution, leveraging off each other’s property inventory, technology capabilities, and know-how hinting towards a strong prop-tech alliance that is shaping up in the region.

"We aspire to build a drone economy where mundane tasks and boring jobs will be removed, so that humans can focus more on meaningful jobs that would leverage on creativity and innovation."

Priorities will be given to Internet of Things (IoT), Advanced Manufacturing, Consumer Digital, EdTech, Health Tech, Clean Tech companies.

Urbanmetry has closed a Pre-Series A round of $2 million led by Monk’s Hill Ventures. The funding will be used for developing its intelligent data products and platforms to serve end consumers in the property and mortgage markets; and for building out its product, technology, data, and business development teams.

Carsome has on Tuesday launched the so-called Carsome Certified Lab in Malaysia, which claimed to be Southeast Asia’s largest car refurbishment facility.

In this first part, we briefly look into the opportunities awaiting Malaysia drone tech startups.

Malaysia’s move to issue digital banking licenses comes at a time when regulators across Asia including Singapore, Hong Kong, and the Philippines are opening up the banking industry to digital players, encouraged by higher smartphone penetration and better internet connections.

IIMMPACT announced Wednesday $2 million in seed funding by Sequoia India’s Surge. IIMMPACT is Surge’s first startup founded and based in Malaysia. The funding will be used to accelerate product development and expand hiring.