Malaysia
Malaysian content aggregator Newswav raises $1.43M in new Series A funding led by OSK Ventures to drive content, user growth
Newswav has raised RM6 million in its latest Series A funding led by OSK Ventures International Berhad (OSKVI) to further strengthen its market-leader position and drive user penetration in key market segments. As part of its expansion plans, part of its funds will be used towards user acquisition, strengthening their leadership in the content aggregation…
AirAsia aims to become Asia’s largest food delivery, ride hailing company – report
AirAsia has been aggressively building its digital businesses and its Asean Super App over the last two years as most of its planes were grounded due to the ongoing COVID-19 pandemic.
[Updated] Malaysia’s AirAsia classified as financially distressed company
AirAsia triggered the financial distress criteria, known as PN17 back in July 2020. This came after its external auditor flagged significant uncertainties that cast doubt on its ability to continue as a going concern.
Japan’s JCB injects $5M in Malaysian fintech firm Soft Space in strategic partnership
Soft Space Sdn Bhd announced a new strategic partnership with Japanese international payment brand, JCB Co. Ltd. This strategic partnership is the first of its kind in Malaysia for the payment gian. It involves a combination of $5 million investment in Soft Space and a series of business collaborations that are aimed at capitalising on Soft Space's…
Southeast Asia neobank Crowdo closes $5.9M pre-Series B convertible bridge round from Gobi, Ivest
The funds will be used to expand Crowdo’s neobank platform in Singapore and Indonesia and scale its ESG financing portfolio. Crowdo is headquartered in Singapore but fully licensed by the Indonesian financial authority Otoritas Jasa Keuangan for digital lending in since 2017. The fintech is also registered with the Securities Commission Malaysia.
Fintech startup Paywatch raises $5.23M in seed funding round led by Third Prime and others
Paywatch has raised MYR21.9 million ($5.23 million) in a seed funding round led by US venture capital firm Third Prime and prominent family offices in Singapore and Hong Kong. SparkLabs, Won & Partners and CTK Investments also participated in this round. Operating in South Korea, Malaysia and Hong Kong, the company plans to use the fresh funds to…
Malaysia’s Aerodyne enters strategic partnership with Norway’s Astralution to offer drone solutions in Scandinavian region
Aerodyne Group has inked a strategic partnership with Norway’s Astralution to offer drone-as-a-service (DaaS) and software-as-a-service (SaaS) solutions in the Scandinavian region. With Astralution’s extensive background in aviation and crisis management in oil and gas, this partnership will bring long-term value to clients by providing tailored unmanned…
S P Setia’s Alex Chi discusses how process, structure, and culture are important in cultivating corporate innovation [ORIGIN Innovation Awards Q&A]
The key success factors of corporate innovation are -- Process, Structure, and Culture. First, process needs to be optimized. Second, enable a structure to facilitate agile resources and empowerment. And third, cultivate culture to embrace change and nurture unorthodox thinking.
AirAsia secures Malaysian regulator license for remote drone pilot training
AirAsia has secured its Certificate of Approval (COA) from the Civil Aviation Authority of Malaysia (CAAM), to conduct remote drone pilot training. With the approval, AirAsia has become first in Malaysia to provide industry support with quality remote pilot training.
Malaysia unicorn Carsome raises $290M in Series E financing
Carsome Group announced the completion of its $290 million Series E round, increasing the company’s valuation to approximately $1.7 billion. The latest financing round was jointly led by Qatar Investment Authority, 65 Equity Partners and Seatown Private Capital Master Fund. The round also saw strong participation from investors such as Mediatek, Sunway,…
