News
Y Combinator-backed Wed3 startup Poko raises $4.5M funding from prominent investors
Poko (Pokoapp.xyz), a Y Combinator-backed Singapore Web 3 startup, has on Thursday announced the successful completion of its seed round, raising $4.5 million in funding. The round was led by prominent investors from all key regions it focuses on, including Y Combinator, NAZCA, Global Founders Capital, Orange DAO, SOMA Capital and Goodwater Capital.
ByteDance’s TikTok to invest ‘billions’ in Southeast Asia, says CEO
Southeast Asia is one of TikTok’s biggest markets in terms of user numbers.
ADDX names former SGX Senior Managing Director as Chairman
Singapore-based private market exchange ADDX has appointed Chew Sutat, former senior managing director at the Singapore Exchange (SGX), as its chairman.
Singaporean fintech firm Pilon secures fresh funding Kaya Founders
Pilon, a Singapore-headquartered FinTech firm that offers cloud-based supply chain financing system, announced Thursday that it has successfully secured a top-up round from Philippines-based Kaya Founders to accelerate growth plans and strengthen its presence in the Philippines market.
Singapore’s Decentralised Gaming Ventures secures seven-figure investment from Korean venture fund
Decentralised Gaming Ventures, a Singapore-based web3 game venture builder, has on Thursday announced a seven-figure investment round led by Korean venture fund, Hashed.
Australian energy start-up Sicona Battery Technologies raises $15M in Series A funding
Australian energy start-up Sicona Battery Technologies (Sicona) has on Wednesday announced it has raised AUD 22 million ($15 million) in Series A funding which will be used to further the company's development plans both in Australia and the United States.
Mocaverse launches custom NFT marketplace with Rarible to address community safety
Mocaverse, the Animoca Brands membership non-fungible token (NFT) collection, has partnered with Rarible, a NFT platform for creators and brands, to launch Mocaverse Marketplace, a custom marketplace for the Mocaverse community.
Over 40 percent of Singapore IT leaders doubt digital infrastructure’s readiness for AI, says Equinix
More than four in ten information technology (IT) leaders surveyed in Asia-Pacific (44 percent) believe their existing IT infrastructure is not fully prepared for the demands of artificial intelligence (AI) technology, despite its widespread adoption across industries, according to the Equinix 2023 Global Tech Trends Survey revealed on Wednesday.
Digital banking is the most competitive sector in Southeast Asia’s fintech market, says Rabocash
The digital banking sector is the most competitive in the Southeast Asia (SEA), with a score of 9,692 on the Herfindahl-Hirschman Index (HHI) (reverse) index, Robocash Group said Thursday.
Southeast Asia ecommerce achieves $ 99.5B GMV in 2022, says Momentum Works
Southeast Asia Ecommerce achieved $99.5 billion gross merchandises value (GMV) in 2022, 1.8 times that of 2020 - the first year of the pandemic, a report showed Thursday. Momentum Works said in a statement that despite strong headwinds in Southeast Asia’s ecommerce sector in 2022, growth and competition continued.
