News

Neocrete, a New Zealand company that develops technology to cut the carbon and cost of concrete, has raised $3.5 million in a funding round led by returning investor Wavemaker Ventures, with participation from Icehouse Ventures and new investor Catalytic Capital for Climate and Health, a vehicle backed by Temasek Trust.

Carousell Malaysia, under Singapore-based recommerce platform Carousell, has added SPX Express, the courier affiliated with the e-commerce platform Shopee, as a delivery option on its marketplace, giving sellers label-free parcel drop-off at more than 1,000 SPX service points across West Malaysia.

Timah Partners, a Singapore-based holding company that buys small and medium-sized enterprises from retiring owners, has secured a S$60 million ($47 million) debt facility to fund acquisitions in Singapore.

GoTyme Bank has enabled Apple Pay for its customers in the Philippines, becoming the first digital bank in the country to offer the service, its card processor Paymentology said in a statement on Tuesday.

Tencent Cloud, the cloud unit of Chinese technology giant Tencent, will establish its first cloud region in Malaysia, comprising up to three availability zones in Johor, and will work with a local university to train more than 1,000 people in AI and cloud skills.

Thunes, the Singapore-based payment firm, and Fiserv, a US payments and financial services technology provider, announced Monday a strategic collaboration for real-time global payouts.

Sarawak Metro Sdn Bhd, the state-owned enterprise which had been appointed to develop, operate and maintain the Kuching Urban Transportation System (KUTS) project, announced Monday a collaboration with Revenue Group Berhad, one of Malaysian payment solutions providers, to power its mobile application with advanced payment tokenization technology.

Malayan Banking Berhad (Maybank) and Haier Energy Sdn Bhd (Haier Energy), a subsidiary of Haier Group headquartered in China, have entered into a Heads of Agreement (HoA) to form a strategic partnership to accelerate the growth of Haier’s new energy platform and ecosystem.

China’s domestic artificial intelligence (AI) ecosystem is gaining momentum as major models demonstrate the ability to train and run on locally developed chips, while Nvidia supply constraints and Beijing’s restrictions on foreign processors accelerate the shift towards domestic hardware, Maybank Investment Bank said on Monday.

Rezolv, an Indian software company that utilizes AI to automate debt collection for lenders, has raised $12.5 million in a Series A funding round led by U.S. venture firm Norwest, with participation from Vertex Ventures Southeast Asia and India and existing investor 3one4 Capital.