News

Cake DeFi, Singapore-based Decentralized Finance (DeFi) platform, celebrated its third anniversary today with a key milestone. The company announced that it has paid out over $317 million in rewards as of end Q1 2022 while continuing to see robust business growth of an average of almost 90 percent quarter-on-quarter since 2019.

Appota Group, a Vietnam-based digital entertainment firm, announced Wednesday the close of a financing round led by Mirae Asset Venture Investment with participation from other strategic partners. The investment is earmarked for developing the company's blockchain ecosystem based on its 10-year gaming publishing business.

Singapore-based super app Grab Holdings Limited announced Wednesday the launch of GrabMaps, a new enterprise service that will allow the company to tap into the $1 billion market opportunity in Southeast Asia per year for mapping and location-based services.

SEA needs to move from promises to action and bridging the gap between opportunities and results will be a key milestone. We remain bullish on the $1 trillion economic opportunities in SEA, but we need to step up as a region to strengthen the investable market and increase green capital flows,” said Dale Hardcastle, Partner and Director of the Global…

Salary Hero, a Thai-based financial wellbeing platform, announced Wednesday it has raised $2.8 million in funding. Participation in the round included Global Founders Capital, M Venture Partners (MVP), 500 TukTuks, 1982 Ventures, Titan Capital, and multiple high-profile Thai corporates and angel investors. The company will use the capital injection to…

Omnistream, a Singapore-based data-empowered solutions company for the retail industry, said Tuesday it has raised $7 million in Series A funding led by SIG Venture Capital, the Asian venture capital arm of Susquehanna International Group (SIG). The round also saw participation from Delivery Hero Ventures, an independently managed venture capital fund…

Pintu, an Indonesia-based crypto wallet and trading platform, announced Tuesday the closing of a $113 million Series B round of financing from Intudo Ventures, Lightspeed, Northstar Group, and Pantera Capital. With this round of financing, the firm plans to solidify its position as the leading crypto assets platform in Indonesia, rolling out new features,…

Australian drone firm Swoop Aero said Tuesday it has completed a $16 million Series B venture capital raise, following over two years of continuous drone delivery of medical supplies across Africa, and delivering over 800,000 items by drone. The successful Series B raise was led by Australia’s premier deep tech venture capital (VC) fund, Main Sequence.

"It is especially poignant for Gobi to publish our first Sustainability Report during Pride Month and on World Environment Day, and we look forward to further advancing and promoting environmental stewardship, social progress, and good governance through our work highlighted in this report and our sustainability initiatives in the future," Gobi said.

JT Express, an Indonesia-based international express logistics company, announced Tuesday it has invested MYR600 million ($136.46 million) to purchase a 30-acre parcel of land in Bandar Rimbayu, Selangor, Malaysia, to build a logistics center. The land will be used to build an integrated logistics center for express distribution, logistics and…