News
Ascend Money secures $195M from MUFG and Finnoventure to accelerate digital financial inclusion in Thailand
Ascend Money, a Thailand-based homegrown fintech company, announced Wednesday that it has secured $195 million investment from Japanese lender Mitsubishi UFJ Financial Group, Inc. (MUFG) and Thailand-based Finnoventure Private Equity Trust I Fund.
Malaysian hypermarket and retail chain Mydin launches new mobile ewallet
Malaysian hypermarket and retail chain Mydin Mohamed Holdings Bhd has on Wednesday launched a brand new mobile ewallet to further enhance the use of digital technology among consumers.
Temasek backs Australian enviro-tech firm Samsara Eco in $65M funding
Singapore's state investor Temasek has backed Australian enviro-tech firm Samsara Eco in $65 million funding round. The round is also led by Australian deep tech investment fund, Main Sequence.
Great Wall Motor readies car plants in Malaysia and beyond – report
Chinese automakers are ramping up their investments in emerging EV markets overseas, especially in regions such as Southeast Asia, the Middle East, and Latin America, at a time when competition remains intense at home and the US and Europe are imposing punitive tariffs on China-made EV imports.
Rocketlane raises $24M in Series B funding co-led by 8VC, Matrix Partners India, and Nexus Venture Partners
Indian workflow automation platform Rocketlane has on Tuesday announced $24 million Series B funding round as it expands the opportunity for professional services teams with artificial intelligence (AI) capabilities.
Philippine-based Zed secures license to operate as a standalone credit card issuer
Zed, a credit-led neobank, announced Wednesday it has received its certificate of authority to operate as a standalone credit card issuer from the Bangko Sentral ng Pilipinas (BSP).
Malaysia’s OSK-SBI Venture Partners launches second fund and makes first investment
OSK-SBI Venture Partners Ltd. (OSK-SBI) has on Wednesday announced the launch of its second venture capital fund to invest in category-defining companies across Southeast Asia. Active fundraising for Fund 2 is ongoing with the target to hit final close of capital commitments of $40 million.
Gentari partners Virta to grow EV charging market in Southeast Asia
Malaysian clean energy solutions provider Gentari Sdn Bhd (Gentari), a subsidiary of Malaysia’s Petronas Group, is collaborating with Finland-based electric vehicle (EV) charging business solution provider Virta through its subsidiary Gentari Green Mobility to expand the EV charging network across Southeast Asia.
IFC provides $150M to Vietnam’s SeABank to issue blue bond and boost climate finance
To catalyze a viable blue finance market while fostering green bonds and supporting smaller businesses in Vietnam, International Finance Corporation (IFC) is providing a financing package of $150 million to Southeast Asia Commercial Joint Stock Bank (SeABank).
Indonesia tech startup funding plunges 64% on year in first half
Total funding into Indonesia tech startups plunged 64 percent to $191 million in the first half of 2024, compared with $526 million in the first half of 2023, Tracxn said Tuesday.
