News
Grab-backed GXBank officially open to Malaysians
Grab-backed digital bank GX Bank Berhad (GXBank) has officially opened its app to millions of Malaysians. Looking ahead, GXBank will progressively be rolling out additional features which will also include their debit card – GX card and how its various features will benefit Malaysians, GXBank said in a statement on Thursday.
Singapore’s Fr8Labs secures $1.5M seed funding for market expansion
Fr8Labs, a Singapore and Indonesia-based artificial intelligence (AI)-enabled freight logistics technology startup, has announced the successful completion of its seed funding round, raising $1.5 million. The funding is coming from East Ventures, FEBE Ventures, Kaya Founders, Mulia Sky Capital, Seedstars, Venturra, and various angel investors.
Singapore’s Mystifly joins forces with Google Cloud to elevate traveller experience
Mystifly, a Singapore-based travel technology provider, has on Wednesday announced that it is joining forces with Google Cloud to drive growth and innovation in the travel technology sector. The collaboration will enable both the organizations to tackle emerging industry challenges in airline distribution and infrastructure.
Malaysia’s Cradle Fund appoints Norman Matthieu Vanhaecke as Group CEO
The Board of Cradle Fund Sdn Bhd (Cradle), Malaysia’s focal point agency for Malaysian startup ecosystem under the Ministry of Science, Technology and Innovation (MOSTI), has announced the appointment of Norman Matthieu Vanhaecke as the Group Chief Executive Officer (GCEO), effective November 23, 2023.
COMEUP 2023 concludes with a grand finale, attracts 66,000 participants from 35 countries
Representatives from 35 countries, including Saudi Arabia, UAE, the United States, France, Austria, Hong Kong, Senegal, and Cambodia, engaged in COMEUP 2023. The festival served as a dynamic platform for startups, investors, government agencies, and global corporations, fostering international collaboration.
Funding Societies partners Halal Development Corporation to enhance financing access to halal SMEs
Singapore-based digital finance platform Funding Societies has partnered with a Halal Development Corporation Berhad (HDC), a Malaysian federal government agency under the Ministry of International Trade and Industry (MITI), to enhance financing access to halal small and medium-sized enterprise (SMEs).
ByteDance’s TikTok obtaining Indonesia e-commerce permit- report
ByteDance Ltd’s TikTok is said to be in the process of obtaining an e-commerce permit in Indonesia, local media Antara reported.
Catcha Digital acquires 51 percent interest in digital agency Digital Symphony for $4.55M
Malaysia-based digital media firm Catcha Digital Berhad is acquiring 51 percent equity interest in digital agency, DS Services Sdn Bhd or more commonly known as “Digital Symphony” among industry players for MYR 21.17 million ($4.55 million).
Switzerland’s responsAbility launches $500M climate investment strategy for Asia
In response to rising carbon dioxide emissions in Asia, global impact firm responsAbility Investments AG (responsAbility), together with Germany's development bank KfW and the Dutch development bank FMO, has launched a $500 million climate investment strategy.
Animoca Brands invests in TON Blockchain and becomes its largest validator
TON Foundation announced Tuesday that Animoca Brands, the Hong Kong-based company advancing digital property rights for gaming and the open metaverse, has become the largest validator of The Open Network (TON) Blockchain.
