News
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…
Alibaba to host conference call on Thursday to discuss split plans – report
It was reported that Alibaba intends to split its operations into six standalone units, each managed by a different chief executive.
Gobi Partners onboards Care Concierge to the Khazanah-backed Gobi Dana Impak Ventures fund
Gobi Partners, an interconnected Pan-Asian venture capital (VC) firm, has onboarded its first portfolio, Care Concierge under its newly established Gobi Dana Impak Ventures (GDIV) fund.
Filipino fintech Advance secures $16M in a pre-Series A funding led by Do Ventures, Lendable
Filipino fintech Advance has successfully secured $16 million in a pre-Series A funding led by Do Ventures out of Vietnam and Lendable, a technology-enabled investment and debt provider to fintechs in emerging markets.
Indonesia’s Bukalapak achieves profitability in FY22 on investment gains
Indonesian e-commerce firm PT Bukalapak.com Tbk (Bukalapak) has achieved profitability in financial year ended December 31, 2022 (FY22) on investment gains.
Singapore’s STACS partners Thailand Greenhouse Gas Management Organization for carbon credit market
Singapore's environmental, social, and governance ESG fintech STACS has partnered Thailand Greenhouse Gas Management Organization to bring greater transparency to the carbon credits market in Thailand.
