News
Temasek-backed 65 Equity Partners acquires 13 percent stake in Chinese cloud platform Tuya
Tuya Inc., a China-based cloud platform service provider, has on Monday announced that a definitive agreement has been entered into in respect of a strategic investment by 65 Equity Partners through its purchase of an approximate 13 percent of Tuya's total issued shares from New Enterprise Associates (NEA).
Buy Now Pay Later market in Southeast Asia set to exceed $50B by 2027 – report
Analysts of UnaFinancial forecast that by 2027, the Buy Now, Pay Later (BNPL) market in Southeast Asia will reach $53.2 billion across six key countries, with Indonesia leading at $16.8 billion and making up 32 percent of the market. The Philippines and Malaysia will experience the fastest growth between 2024 and 2027, with the Philippines projected to grow…
Singapore’s Oneteam raises $2.6M seed round to revolutionise SME succession through employee ownership
The round was led by Wavemaker Ventures, the early-stage fund of Wavemaker Partners.
Singapore’s Atome Financial secures up to $200M syndicated facility to support financial inclusion in Southeast Asia
The new facility is anchored by HSBC through its ASEAN Growth Fund and is also supported by DBS Bank Ltd, Sumitomo Mitsui Banking Corporation (SMBC) Singapore branch and Brunei’s Baiduri Bank.
Deloitte: Malaysia leads SEA region with record IPOs this year
Malaysia has led Southeast Asian (SEA) region with record initial public offerings (IPOs) this year, Deloitte said Tuesday.
Cybersecurity unicorn Semperis bolsters identity-driven cybersecurity efforts in Singapore following major funding round
Semperis, a global cybersecurity firm, will bolster identity-driven cybersecurity efforts in Singapore following its major funding round.
Deloitte: Southeast Asian IPO market remains tepid in 2024 with capital raised falling to the lowest in nine years
Southeast Asian initial public offering (IPO) market remains tepid in 2024, but momentum builds towards a 2025 rebound, Deloitte said in a statement on Tuesday.
Solarvest partners Finhero to launch Vietnam’s first solar financing Fintech solution
Solarvest Holdings Berhad (Solarvest), a Malaysia-based clean energy firm, has partnered Malaysian fintech firm Finhero, to officially launch its Powervest solar financing program in Vietnam to support clean energy transition among Vietnamese businesses.
Crypto exchange OKX launches SGD deposits and withdrawals for Singapore customers
OKX, a global crypto exchange and onchain technology company, has on Monday announced it will provide instant, zero-fee SGD deposits and withdrawals to OKX customers in Singapore through PayNow and Fast and Secure Transfers (FAST) payment services.
Singapore’s Portcast secures $6.5M Series A funding led by Susquehanna Asia VC
Portcast, the Singapore-based provider of real-time transportation visibility and predictive analytics, has on Monday announced it has raised $6.5 million in a Series A funding round.
