News
Glints & MHV report reveals startup salaries cool in 2023
Startup salaries cool in 2023 with junior engineering roles seeing the sharpest decline of 6 percent, Glints and Monk’s Hill Ventures revealed on Thursday. According to the Southeast Asia Startup Talent Trends Report 2024, off the back of tech layoffs and cost-cutting measures, junior tech roles have been most impacted across the region with salary declines…
Mocaverse strengthens Korean presence with Cube Entertainment, IPX, Daehong Communication (LOTTE Group), Nine Chronicles M, GOMBLE
Mocaverse, the marquee growth network with an interoperable infrastructure layer of account, identity, reputation, and PointFi systems seeded by Animoca Brands, announced Wednesday it entered into various partnership agreements for strategic expansion of Mocaverse Partner Network in the South Korean market to bridge, integrate, and export Korean Web3…
GoTo, TikTok compliance with Indonesia’s trade regulation nears 100%, says GoTo CEO – report
Indonesian minister for small and medium enterprises Teten Masduki said last week TikTok had yet to comply with the regulation.
Malaysia government mulling one-off subsidy to boost EV ownership – report
"This suggestion is being fine-tuned by the Finance Ministry," deputy minister said.
Fintech penetration in Southeast Asia will double by 2027, says UnaFinancial
UnaFinancial said Wednesday that the number of fintech companies per one million people in Southeast Asia may double by 2027, reaching 100. This is supported by the growing super-platform economy, conducive regulatory frameworks and favorable economic conditions.
Tikehau Capital partners UOB-Kay Hian to launch new private credit strategy
Tikehau Capital, the global alternative asset management group, has joined forces with Singapore-based brokeragefirm UOB-Kay Hian (UOBKH), to launch a new private credit strategy. Both sponsors will be contributing $50 million each in capital commitments to the strategy, demonstrating strong alignment of interest with investor clients.
Protégé Ventures bets on ZOLO to transform Southeast Asia’s food sector with a pre-seed investment
Protégé Ventures (PV), Singapore-based student venture capital fund, has announced an undisclosed pre-seed investment in ZOLO, an artificial intelligence (AI)-powered business to business (B2B) software company founded by two alumni from two Singapore universities.
Telkomsel and Google Cloud collaborate to integrate enterprise-grade Gen AI
Indonesian telecommunication firm Telkomsel has on Wednesday announced a strategic collaboration with Google Cloud to integrate enterprise-grade generative AI (gen AI) into its operations and core product offerings for consumers and businesses.
Singapore’s Fluid raises $5.2M in Series A funding led by by Insignia Ventures Partners
GoFluid.io (Fluid), a Singapore-based fintech enabling flexible business to business (B2B) purchase financing, has raised $5.2 million in an equity round led by Insignia Ventures Partners. With $1.8 million raised in a seed round from Iterative and New Stack Ventures, the company brings its total funding to $7 million.
StashAway expands HNW offering to Hong Kong, launches private credit access
StashAway, a Singapore-based regional investment platform, has expanded its wealth management offering for high-net-worth individuals, StashAway Reserve, to Hong Kong, extending the success that StashAway Reserve has seen in Singapore.
