News
Vietnam’s VinFast launches electric bike in the United States
Vietnamese carmaker VinFast Auto has officially announcedthe rollout of the DrgnFly electric bike in the United States. The VinFast Drgnfly launches in the US market with prices expected to begin at $2,800.
India’s Paytm parent firm to invest $12M in GIFT City to build global financial ecosystem
One97 Communications Limited (OCL) that owns the brand Paytm, has on Wednesday announced an investment of Rs 100 crore ($12 million) in Gujarat International Finance Tec-City (GIFT City) to build a global financial ecosystem in Gandhinagar in India.
Taiwanese blockchain firm Numbers Protocol launches project to help Taiwan media fight disinformation in upcoming election
Taiwan-based blockchain content verification company Numbers Protocol has announced a project to ensure the public has access to reliable and credible news for the upcoming presidential election on Jan 13. This will be achieved through the implementation of a decentralized blockchain-based verification platform for digital media content and partnerships…
Funding into Indonesian FinTech startups falls 51 percent to $765 million in 2023
Total funding into Indonesian FinTech startups fell 51 percent to $765 million in 2023, from $1.6 billion in 2022, Tracxn Technologies Ltd. said Tuesday. The Indonesian startup ecosystem is the second highest-funded startup ecosystem in the Southeast Asian (SEA) region in terms of overall funding and also the second largest economy in the SEA region.
Consumer Fintech firm Salmon becomes a licensed bank in the Philippines
Salmon, a financial technology company based in the Philippines, announced Tuesday that it has become a licensed bank in the Philippines. The firm has received regulatory approval from the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) to acquire the controlling interest in Rural Bank of Sta. Rosa (Laguna), a licensed financial institution serving…
Tracxn : Total funding into SEA FinTech startups plunge 65 percent to $2B in 2023
South East Asian (SEA) countries took the most hit in 2023 following the global economic crisis as the total funding for FinTech fell to $2 billion, the lowest in comparison to the last five years in this region, said Tracxn Technologies Ltd. on Tuesday.
US’s SentinelOne acquires India’s PingSafe to expand cloud security capabilities
SentinelOne, a United States-based leader in artificial intelligence (AI)-powered security, has recently announced that it has agreed to acquire PingSafe, an India-based unified cloud security platform.
Singapore’s Silicon Box valuation reaches over $1B after $200M Series B funding raise
Singapore-based semiconductor packaging company Silicon Box has announced a successful $200 million Series B fundraising round, bringing the company to over a one-billion-dollar valuation. All three founders were investors in the round.
Asia Partners’ Southeast Asia tech fund hits final close at $474M
Singapore-based Asia Partners Fund Management announced Tuesday that it has closed its Southeast Asia second tech fund at $474 million. Including the $384 million close of its debut fund in 2021, Asia Partners now has $1 billion in assets under management.
Open Campus Accelerator to deploy a $10M fund to onboard 100 education start-ups into the Open Campus ecosystem
Open Campus has on Monday announced that the Open Campus Accelerator (OC-X) will deploy a $10 million fund to drive the onboarding of a further 100 education start-ups into the Open Campus Alliance and Open Campus ID, enriching the variety and scope of the Open Campus ecosystem's educational offerings and learner base.
