Malaysia
Malaysia-based Carsome raises $300M from Temasek-backed funds, QIA – report
Carsome, Malaysia's first tech unicorn, is said to be planning for an initial public offering in the US later this year.
Malaysian edtech startup Pandai raises $2.03M from Y Combinator, 500 Global & others
Pandai Education Sdn Bhd has recently raised a total of $2.03 million investment from a group of local and international investors in its pre-seed and seed round. Among the investors that participated in the rounds are Y Combinator, Global Founders Capital, 500 Global, Soma Capital, Harvard. Joining the round included Malaysian investors RHL Ventures,…
Malaysian drone firm Aerodyne makes strategic investment in AI & data analytics firm Synapse Innovation
Aerodyne Group has signed an agreement to acquire a principal stake in Malaysia-based artificial intelligence (AI) and data analytics company Synapse Innovation Sdn Bhd. This investment is engineered to supercharge Aerodyne Group’s prowess in AI and data analytics, as well as strengthening Aerodyne Group’s technology support for its international…
Malaysian Central Bank issues discussion paper on licensing framework for digital insurers & takaful operators
Malaysian Central Bank has issued the discussion paper on licensing framework for digital insurers and takaful operators. The discussion paper outlines the proposed framework for licensing new digital insurers and takaful operators (DITOs) to encourage digital innovation in the insurance and takaful sector.
Malaysia’s Country Heights partners with China’s JD.com to bring its omni-channel e-commerce platform to Malaysia
Malaysia-based property developer Country Heights Holdings Bhd has inked licensing and collaboration with Beijing Wodong Tianjun Information Technology Co. Ltd (JD.com). The collaboration will lead to the development of JD.com’s Omni channel business model using JD.com technologies and Country Heights’s resources for the Malaysian market.
SGX Catalist-listed Hatten Land signs comprehensive collaboration agreement with Huawei
SGX Catalist-listed Hatten Land Limited's wholly-owned subsidiary Hatten Edge Pte. Ltd. has entered into a Comprehensive collaboration agreement (CCA) with information and communications technology (ICT) provider Huawei International Pte. Ltd. Under the CCA, both companies will jointly explore and develop opportunities in cloud computing and enterprise…
L’Oréal Malaysia to double down on social commerce in 2022 to help 250 salons affected by the pandemic
L'Oréal will be doubling down on social commerce with an aim to roll out its social commerce initiative to 250 salons across Malaysia in 2022.
Malaysian fintech firm CapBay secures $7.1M from Kenanga Investment Bank
CapBay, a Malaysian multi-bank supply chain finance and peer-to-peer financing (P2P) platform, has secured MYR30 million ($7.1 million) investment from Kenanga Capital Islamic Sdn Bhd (KCI), a subsidiary of Kenanga Investment Bank Berhad (KIBB). The investment is a step forward to growing CapBay’s Shariah-compliant Supply Chain Finance arm, CapBay Islamic,…
Malaysia-based Iris Capital Partners launches $37.8M Venture Debt Fund
The Iris Fund, established under the Dana Penjana Nasional program, is co-managed by Hanwha Asset Management and Iris Capital Partners aims to support Malaysian and Southeast Asian startups.
Malaysian securities regulator revises SPAC framework
The revised SPAC framework will take effect on Jan 1, 2022.
