News

Maxis and Google Cloud collaborate to integrate GenAI innovations

Malaysian telco Maxis has expanded its strategic collaboration with Google Cloud by integrating generative artificial intelligence (GenAI) into its workflow and service offerings.

Malaysia and Cambodia central banks team up to strengthen regional cooperation in financial innovation and payments

Bank Negara Malaysia (BNM) and the National Bank of Cambodia (NBC) said Tuesday they have signed a Memorandum of Understanding (MoU) to strengthen cooperation in financial innovation and payments. The MoU will promote closer cooperation between BNM and NBC to drive financial innovation and foster more efficient and secure cross-border payments for the…

Fast-fashion firm Shein considers London IPO – report

Shein is said to be in the early stages of exploring the London option as the company has judged it unlikely that the US Securities and Exchange Commission will approve its IPO, the report added.

Hong Kong’s Weave Living secures further investment from Warburg Pincus to accelerate expansion throughout Asia-Pacific

Weave Living, a Hong Kong-based living sector specialist, announced Monday that it has secured further investment from its existing shareholders – Warburg Pincus, a leading global growth investor and the Founder – Sachin Doshi. This new equity injection will further support Weave’s ambitious plans to expand its brand footprint and property portfolio to over…

Singapore’s fintech firm Refy secures $525,000 pre-seed funding from Wavemaker Impact

Refy, a Singapore-based green asset fintech financier, has successfully secured a pre-seed investment of $525,000 from Wavemaker Impact (WMi) to accelerate its mission of unlocking the market for small- and mid-sized green assets within the commercial and industrial (C&I) sectors.

Malaysia’s Gentari partners SEDC Energy to develop centralized hydrogen production hub in Sarawak

Malaysian clean energy solutions provider Gentari Sdn Bhd (Gentari), through its subsidiary Gentari Hydrogen Sdn Bhd, has signed a heads of agreement (HOA) with SEDC Energy Sdn Bhd (SEDCE), a subsidiary of the Sarawak Economic Development Corporation, for the joint development of a centralized hydrogen production hub in Sarawak’s Bintulu, to be known as the…

Singapore FinTech Association launches Project Tapir to connect Singapore’s FinTechs with Malaysian VCs

The Singapore FinTech Association (SFA) has launched Project Tapir, partnering with Malaysia-based venture capital (VC) firms, Artem Ventures and OSK Ventures International Berhad (OSKVI) to identify and showcase promising Singapore FinTech companies who are keen to launch in Malaysia.

Malaysian regulators pledge speedier IPO approvals for Main, ACE markets

The Securities Commission Malaysia (SC) and Bursa Malaysia Berhad have jointly committed to an expedited three-month approval period for initial public offerings (IPO) on both the Main Market and the ACE Market. The commitment is applicable to new IPO applications received from March 1, 2024.

Vietnamese FinTech firm 1Long raises $500,000 for technology development

Vietnam-based 1Long, a financial technology platform focused on helping individuals achieve financial goals, has on Monday announced securing a $500,000 investment in a pre-seed round. The funding is contributed by major investors including Iterative, Monk’s Hill Ventures, R2VP, and Orionis Capital.

Indonesian fintech firm JULO reports profitability in 2023

JULO, an Indonesia-based digital financial servicesplatform, has on Monday announced it has achieved an annual recurring revenue of over $120 million, with its total loan disbursement experiencing a 50 percent growth in 2023. The milestone comes alongside the company reporting operating profit breakeven in December 2023, underscoring its sustainable…