News

The Monetary Authority of Singapore (MAS) has on Monday launched COSMIC, the first centralized digital platform to facilitate sharing of customer information among financial institutions (FIs) to combat money laundering (ML), terrorism financing (TF) and proliferation financing (PF) globally.

Ailytics, a Singapore-based business to business (B2B) heavy industry software startup, has successfully secured its oversubscribed Pre-A funding of $2.7 milllion, led by Singapore-based venture capital firm, Tin Men Capital.

FinDoc Sdn Bhd (FinDoc), a Malaysia-based FinTech startup, has announced a strategic partnership with CTOS Data Systems Sdn Bhd (CTOS), a Malaysia-based credit reporting agency, to offer artificial intelligence (AI)-enhanced ID verification in loan eligibility screening.

Malaysia-based Capital A announced last Friday it has signed a comprehensive partnership with China’s leading global travel service provider Trip.com Group, aimed at enhancing travel offerings and market reach across Asia.

GGV Capital, a global venture firm, has rebranded its Asian operations as Granite Asia, reflecting the plan to become the region’s leading multi-asset investment platform.

Indian branded franchised retail chain for small towns of India SuperK has raised $6 million in a Series A round of funding led by Blume Ventures. The round also saw participation from Silver Needle Ventures, Veltis Capital, Atrium Angels, and some angel investors and syndicates.

The partnership covers various areas, exploring to integrate more payment methods and providing acquiring services to Capital A’s platforms, work on digital marketing and sponsorship opportunities to drive business growth, and to cooperate in enhancing access to sustainable finance while transitioning to a low carbon economy for the Micro, Small & Medium…

Malaysia Digital Economy Corporation (MDEC) under the newly established Ministry of Digital in Malaysia said it will introduce new Malaysia Digital (MD) tax incentives in May to boost Malaysia's digital leadership.

MetaPals, a Singapore-based artificial intelligence (AI) digital companion platform, is partnering with global amination studio WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on April 20, 2024.

PasarPolis, a Insurtech company based in Indonesia, has reported a 2 times revenue growth since its last funding round until 2023. It has maintained a positive gross margin since its first year of operation, demonstrating its financial strength and stability.