News
Triple-A to integrate Paxos-issued PayPal USD into its payments solutions
Triple-A, the Singapore-based digital currency financial institution, has announced it will incorporate PayPal USD (PYUSD) into its payment services, allowing clients to accept the stablecoin as a payment method, and to facilitate cross-border payments using the stablecoin.
HSBC leads Series A investment in Singapore digital market infrastructure operator Marketnode
Marketnode, a Singapore-based digital market infrastructure operator, has on Thursday announced the successful first close of its Series A investment round led by HSBC alongside contributions from existing shareholder Temasek.
Bain & Company : SEA’s private equity deal falls in 2023 amid global turmoil
The private equity (PE) deal value in Southeast Asia (SEA) fell 39 percent to $9 billion last year compared to the previous five-year average (2018-2022), while deal volume dropped 24 percent in the same period, Bain & Company said Thursday.
Inflight Dublin, Soft Space collaborate to enhance inflight passenger experience in Southeast Asia
Soft Space, a Malaysia-based fintech-as-a-service (FaaS) provider, and Inflight Dublin, a prominent provider of inflight entertainment (IFE) solutions, have announced a strategic collaboration aimed at transforming the airline inflight experience, from ordering to paying for goods and services.
Disrupt Technology Venture unveils health tech fund with leading Thai business groups
Thailand-based investment firm Disrupt Technology Venture (Disrupt) has announced the introduction of Disrupt Health Impact Fund with the first group of co-investment partners from leading Thai business companies.
MyCIF co-invests $61.4M in 2023 in 3,587 Malaysian MSMEs
The Malaysia Co-Investment Fund (MyCIF) has co-invested MYR 289 million ($61.4 million) via alternative financing platforms in 2023, consistently spurring growth and enhancing competitiveness of Malaysian micro, small and medium enterprises (MSMEs).
Singapore to invest close to $222M in National Quantum Strategy
Singapore’s Deputy Prime Minister and Chairman of the National Research Foundation (NRF) Heng Swee Keat, has on Thursday outlined an investment of close to SGD 300 million ($222 million) into Singapore’s National Quantum Strategy (NQS) to advance Singapore’s growing Quantum industry.
Pyvio partners Currencycloud to deliver cross-border payments for Chinese e-commerce businesses
United Kingdom-based fintech firm Currencycloud has on Wednesday announced a partnership with Chinese payment firm Pyvio, offering efficient and cost-effective cross-border payment solutions for Chinese e-commerce businesses operating in emerging markets.
Grab, OpenAI team up to build and deploy advanced AI solutions
Grab, a leading superapp in Southeast Asia, and OpenAI, an American artificial intelligence research organization, have on Thursday announced they will collaborate to build and deploy advanced artificial intelligence (AI) solutions that enrich the Grab experience for users, partners, and employees.
Tribe, DISG and NVIDIA launch new AI Accelerator in Singapore
Tribe and Digital Industry Singapore (DISG) have on Wednesday announced a collaboration with NVIDIA to establish the Ignition AI Accelerator, a new global AI startup accelerator based in Singapore.
