News
Grab said to be eyeing stake in Malaysia’s sixth largest banking group AmBank – report
When contacted about the potential acquisition, Grab's communications team said the company "will not comment on rumors and speculation".
Coinhako secures licence to provide digital payment token services in Singapore
Singaporean crypto firm Coinhako has been granted the Monetary Authority of Singapore’s (MAS) official approval for a Major Payment Institution (MPI) licence which allow the firm legally operates as regulated providers of Digital Payment Token (DPT) Services under the Payment Services Act (PSA).
Indonesia’s Moladin raises $95M Series B funding to grow its automotive ecosystem
Moladin, an Indonesia-based omnichannel used car marketplace, announced Monday it has secured Series B funding of $95 million led by global internet investment firm DST Global. Earlier this year, Moladin raised $42 million in Series A Funding co-led by Sequoia Capital India and Northstar Group in what was one of the largest Series A rounds in Southeast…
Malaysia has no plans for more digital banking licenses – report
In deciding to award five licenses, Nor Shamsiah said the central bank considered many factors, such as the size of the country’s banking system relative to the economy. “This isn't a case of ‘the more the merrier!’” she added.
Elon Musk’s $44B Twitter buyout challenged in shareholder lawsuit – report
According to Reuter's report, the lawsuit seeks to delay the merger's closing until at least 2025, declare that Twitter directors breached their fiduciary duties, and recoup legal fees and costs.
Indonesian social job platform Atma raises $5M in oversubscribed pre- seed round led by AC Ventures
Atma, an Indonesia-based social job platform powered by community, said Monday it has raised $5 million in an oversubscribed pre-seed round led by AC Ventures with participation from Global Founders Capital. The founders and executives of the region's leading companies, including GoTo Group, Advance Intelligence Group, Ula, Lummo, Kopi Kenangan, Sampoerna…
Meta’s first investment in Asia is mental health Startup Ami with $3M Seed round
Ami's end goal is to make tangible improvements in the well-being of employees compared to the other underutilized or ineffective wellness solutions used by companies.
Cake DeFi partners with FACEIT in multi million dollar deal to allow gamers to earn cryptocurrency
Cake DeFi, a Singapore-based crypto fintech platform, announced Friday a multi-million dollar partnership with FACEIT, a United Kingdom-based platform for competitive online gaming, to allow users to earn cash flow from their crypto.
China’s EV maker NIO announces proposed secondary listing on Singapore Exchange
The company has received a conditional eligibility-to-list letter (ETL) from the Singapore Exchange Securities Trading Ltd on May 5, 2022.
Malaysia’s unicorn Carsome’s part of KAF-led consortium winning digital bank license
KAF Investment Bank-led consortium was among the low-profile bidders for the digital banking licenses. Besides Carsome, the KAF Investment Bank-led consortium also includes two other FinTech firms, Jirnexu and MoneyMatch.
