News

Five mobility startups have presented their innovative pilot projects on Wednesday during the Carsome Mobility Lab demo day. The five companies are Asia Mobiliti Tech (smart mobility solutions), Carmen Automotive (SG) (vehicle data analytics solutions), Moovby (peer to peer car-sharing marketplace), MyBump Media (leading crowd advertising platform) and…

Tencent Financial Technology, Tencent’s fintech arm, has on Wednesday introduced Tenpay Global, a new international brand for its cross-border payment business. The firm is also unveiling new inbound remittance capabilities to Weixin to facilitate easy money transfers to China.

Equinix, Inc., the United States-based digital infrastructure company, announced Wednesday its market entry into Malaysia with plans to build a new International Business Exchange TM (IBX) data center located in Johor, called JH1. With an initial investment of approximately $40 million, JH1 is scheduled to begin operations in the first quarter of 2024.

Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, announced Wednesday it has acquired 100 percent of Sakura Exchange BitCoin (SEBC), the Japanese-registered crypto exchange service provider. Through this acquisition, Binance enters the Japanese market, as a Japan Financial Services Agency (JFSA) regulated……

Gogoro Inc., a Taiwan-based technology firm in battery swapping ecosystems, has on Tuesday announced a strategic partnership in the Philippines with Globe's 917Ventures and Ayala Corporation. The companies will be launching a two-wheel battery swapping pilot in Manila using Gogoro's industry leading battery swapping and Smartscooters.

Iterative, a Singapore-based early-stage venture capital firm that also runs a YC-style accelerator, said Wednesday it has closed its second fund at $55 million to invest in startups across Southeast Asia.

Funding Societies | Modalku, the Singapore-based small and medium enterprise (SME) digital financing platform, has on Wednesday announced that its Thai business (Funding Societies Thailand) has reached THB1 billion ($27.8 million) in loan disbursements to small businesses in the country for year-to-date 2022.

Y Combinator-backed Singapore workplace startup Deskimo, has expanded its services to Dubai, with plans to add Abu Dhabi and other cities in the region in the near future. The firm has built a network of independent workspaces across Dubai and makes them accessible via a mobile app.

Indonesia-based logistics service provider J&T Express has announced football star and global sports icon Lionel Messi as its first global brand ambassador. Known for his relentless pursuit of excellence and resilience, the seven-time Ballon d'Or winner understands the continuous commitment to improvement that is at the heart of J&T Express.

ESQA, an Indonesian indie beauty brand, has raised a $6 million Series A round led by Unilever Ventures, the venture capital arm of consumer giant Unilever. Renowned investor, East Ventures has also participated in this round.