News
Mobee obtains license to operate digital asset exchange in Indonesia; raises funds led by 1982 Ventures
Indonesian digital assets and securities Mobee has launched its newly registered digital asset exchange in Indonesia. The firm has also closed its funding round led by leading fintech fund 1982 Ventures and strategic Indonesian family offices and individuals.
Animoca Brands Japan invests $113M in LMI Group
Animoca Brands Japan, a strategic subsidiary of Hong Kong-based Web3 firm Animoca Brands Corporation Limited (Animoca Brands), announced Thursday that it has invested JP¥150 million ($112.8m) into LMI GROUP Inc. (LMI).
BEYOND Expo returns with more opportunities for Singapore businesses to grow internationally
BEYOND Expo aims to showcase the latest innovations and solutions to assist the tech industry, currently facing hiring slowdown and layoffs amid economic uncertainty
Shopee survey shows new generation of Malaysians shop value-based online
New generations of Malaysians are shopping with purpose online as Shopee's marketplace data shows online consumers are three times more likely to buy products that promote smarter consumption in 2023 than in 2020.
Indonesian insurtech firm Qoala raises $7.5M in Series B+ led by responsAbility
Qoala, an Indonesia-based insurtech company, has completed its Series B+ funding round, raising $7.5 million led by responsAbility Investments AG (responsAbility), a European investment firm.
BNPL schemes grow at a more moderate pace in 2022, says Malaysian Central Bank
Malaysian Central Bank said Wednesday that buy-now-pay-later (BNPL) schemes grew at a more moderate pace in 2022 amid tapering customer demand.
Elon Musk, tech experts call for ‘pause’ on advanced AI systems
The open letter came as tech giants and AI startups are rushing to develop better and more powerful AI systems to rival ChatGPT, the artificial intelligence chatbot developed by AI startup OpenAI which has gained popularity almost instantly.
Singapore’s Right-Hand Cybersecurity announces $5M Series A funding
Right-Hand Cybersecurity, a Singapore-based human risk management firm for cybersecurity, has on Tuesday announced its successful $5 million Series A led by former PayPal Executive Jack Selby and his firm AZ-VC, the largest venture capital firm in Arizona.
Singapore’s Igloo extends weather index insurance to coffee farmers in Vietnam
Following the success of the weather index insurance for rice farmers, Singapore-based insurtech Igloo expands its blockchain-based parametric index insurance to coffee farmers.
Apple launches ‘Buy Now, Pay Later’ service in US
Apple's launch of BNPL service came at a time when some see the hype around BNPL is fading. During or even before the pandemic, BNPL has seen strong growth in Europe, United States, Australia and Southeast Asia, although it is starting to stir concerns among regulators that it could cause youngsters, who are often seen as financially naive, to overspend and…
