News
Helicap partners Crowd Credit to pump $50M into Southeast Asia for Japanese investors
Japanese financial services company Crowd Credit Inc has parntered with Singapore's fintech firm Helicap Pte Ltd (Helicap) to pump $50 million into Southeast Asia for Japanese investors.
Japan’s GMO Financial Gate invests in Malaysia’s FinTech firm Soft Space
Soft Space, Malaysia-based fintech-as-a-service (FaaS) company, has announced a capital alliance with its long-standing partner, GMO Financial Gate, Inc, one of Japan’s largest payment processing companies. Soft Space said in a statement on Monday that this investment from GMO-FG comes before Soft Space’s planned Series C funding round, aimed at…
Malaysia to introduce new tax incentive for digital status companies – report
MDEC chief executive officer Mahadhir Aziz said the tax incentive, to be announced in May, will be for digital initiatives in intellectual property (IP) and non-IP, and also in the form of investment tax allowance incentives, the report added.
Malaysia’s co-working space provider WORQ in talks to raise $8.5M for Series B funding
WORQ announced in October last year that it has completed its pre-Series B fundraising round, backed by 14 follow-on investors.
Securities Commission Malaysia to launch 5-year MSME Roadmap to increase MSMEs capital market access
The Securities Commission Malaysia (SC) said Monday it will soon launch a five-year micro, small and medium enterprises (MSME) Roadmap, which aims to provide increased access to the capital market for MSMEs.
Indonesia’s J&T Express achieves positive adjusted EBITDA in 2023
Indonesian logistics service provider J&T Global Express Limited (J&T Express) have achieved positive adjusted earnings before tax, interest, depreciation, and amortization (EBITDA) for the first time, reaching $147 million in 2023, underpinned by higher revenue.
Singapore’s Doxa inks deal with Maybank for supply chain financing in construction sector
Malayan Banking Berhad (Maybank) has inked a deal with Singapore-headquartered fintech firm Doxa Holdings International (Doxa), to collaborate on providing and elevating supply chain financing (SCF) solutions for market players in the building and construction sector, and later expanding into other industries.
EFishery hires Indonesia’s IoT expert to accelerate technological development for aquaculture
Indonesian aqua-tech startup eFishery has on last Thursday announced the integration of Andri Yadi and his team, who were previously the driving force behind one of Indonesia’s most innovative and pioneering artificial intelligence of things (AIoT) startups, into its AIoT & Cultivation Intelligence Division.
Indonesian Bukalapak’s revenue up 23 percent year on year in 2023
Indonesian e-commerce firm Bukalapak has reported higher revenue in 2023, with the marketplace division delivering excellent growth of 47 percent over the year, primarily supported by the continued success in gaming.
Thailand’s Gulf Energy to apply digital bank license with partners, including telco giant AIS, Krungthai Bank – report
Bank of Thailand said interested applicants can submit their application for a virtual bank license to the central bank from March 20, 2024 to Sept 19.
