News
Tesla starts accepting orders in Malaysia
As part of Malaysia's commitment to promoting the adoption of low-carbon mobility and supporting the development of the electric vehicle (EV) industry, customers can enjoy full import and excise duties exemption for newly registered zero-emission Tesla electric vehicles.
Indian open-source low-code platform ToolJet raises funding from Microsoft’s M12 Fund, GitHub
ToolJet, the open-source low-code platform for developers in India, announced Monday that it has secured an investment from M12, Microsoft’s venture fund and GitHub via the M12 GitHub Fund to fuel its next stage of growth.
Tracxn: Vietnam’s tech startup ecosystem sees 82 percent plunge in funding
Total funding into Vietnam tech startups fell 82 percent to $66 million in the first half of 2023 from $372 million in the first half of 2022, indicating a funding winter in the region, Tracxn Technologies Ltd. said Monday.
AEON Credit Service partners Aeon Financial Service to undertake digital Islamic bank business in Malaysia
Malaysia's financial service firm AEON Credit Service (M) Berhad has partnered Japan-listed financial institution Aeon Financial Service Co. Ltd. (AFS) to undertake the business of a digital Islamic bank in Malaysia.
Malaysia’s Ni Hsin partners UNIVERSITI TEKNIKAL MARA to promote EV motorcycles
Ni Hsin EV Tech Sdn. Bhd. (NH EV TECH), a wholly-owned subsidiary of Malaysia main market-listed Ni Hsin Group Berhad, has signed a letter of intent (LOI) with UNIVERSITI TEKNIKAL MARA SDN. BHD. (UnIKL), to promote the innovative electric motorcycles known as EBIXON EV Motorcycles.
Malaysia’s CapBay achieves profitability last year, celebrates $220M milestone in P2P financing
CapBay said it has achieved a significant milestone by providing over MYR1 billion ($220.91 million) in funding to more than 400 underserved small and medium enterprises (SMEs) in Malaysia. This is the result of successful financing through 7,600 investment notes, underscoring CapBay's commitment to empowering SMEs and offering attractive investment…
FinTech investments in ASEAN soars to $4.3B in the first nine months of 2022, says report
FinTech investments in ASEAN clocked in at $4.3 billion in the first nine months of 2022 — higher than the combined sum from 2018 to 2020, said a report Friday. According to the report released by professional services firm PwC Singapore, the Singapore Fintech Association (SFA) and Singapore Economic Development Board (EDB), with emerging economies, an…
Cybersecurity funding falls 63 percent in second quarter, says Crunchbase
Venture funding for cybersecurity dropped to just slightly more than $1.6 billion in the just completed second quarter — a 63 percent drop from the same quarter last year when startups saw nearly $4.3 billion, Crunchbase said on Tuesday.
AC Ventures, BCG see potential value of up to $400B for green growth economy in Indonesia
The value of Indonesia’s green growth opportunity is at $400 billion, combining industry revenue and carbon offset potential, said AC Ventures (ACV) and Boston Consulting Group (BCG) on Thursday. The green growth in Indonesia involves three key focus areas – strategy and professional services (a $46 billion potential market by 2030), solutions that optimize…
Indian SaaSOps platform Zluri raises $20M in funding round led by Lightspeed
Indian software as a service (SaaS) operations(SaaSOps) platform Zluri has on Thursday announcing a $20 million funding round. The Series B funding round was led by Lightspeed, with participation from existing investors including MassMutual Ventures, Endiya Partners and Kalaari Capital.
