News
Indonesia to provide incentives to boost EV sales, attract investment – report
Indonesia is always keen to develop domestic EV production facilities to take advantage of its rich nickel reserves, an important material to produce EV batteries.
India’s SpotDraft raises $26M in Series A funding led by Premji Invest
SpotDraft, an India-based legal technology startup, has announced it closed $26 million in Series A funding. The round was led by Premji Invest, with participation from Prosus Ventures, 021 Capital, Arkam Ventures, Riverwalk Holdings, and 100x Entrepreneur Fund.
SoPa’s NusaTrip expands services to Vietnam
NusaTrip, Indonesia's online travel agency (OTA) and the travel vertical of Nasdaq-listed Society Pass Incorporated (SoPa), has on Monday announced the opening of an office in Ho Chi Minh City, Vietnam. This represented its third Southeast Asian (SEA) regional office outside of Jakarta, following the opening of its offices in Singapore and Manila earlier…
FOMO Pay has officially become the member of Singapore Clearing House Association (SCHA)
FOMO Pay, a Singapore-based major payment institution, has on Monday announced its official membership in the Singapore Clearing House Association (SCHA), a prestigious organization comprising the Monetary Authority of Singapore (MAS) and elected financial institutions.
SoftBank-backed chip designer Arm aims to raise at least $8B in US IPO – report
The preparations for the IPO are expected to be kick-started in the US in the coming days and the valuation range has not yet been finalized.
India’s Greenko raises $700M in equity funding for growing its cloud storage platform
Greenko Energy Holdings (Greenko), an India-based energy transition firm, is raising $700 million in equity funding from its existing shareholders to grow its cloud storage platform to ~50 GWh.
Philippine Enstack raises $3M in Series A funding round led by Mangrove Capital Partners
Enstack, the Philippines-based small and medium-sized enterprise (SME) superapp, has announced the completion of a $3 million Series A funding round led by Mangrove Capital Partners.
Jaya Grocer launches membership program integrated with Grab
Malaysian premium supermarket chain Jaya Grocer, has launched its first membership program, leveraging the Grab platform. The membership, which is accessible right on the Grab app, aims to enhance consumers’ overall shopping experience by allowing them to conveniently earn and redeem GrabRewards points at all Jaya Grocer outlets nationwide.
Southeast Asian banks well-placed against FinTech disruptors after successful digital transformation, says Moody’s
Banks in Southeast Asia have made significant progress on their digital transformation journey, and incumbents that are willing to invest in technology are well placed to compete with fintechs, Moodys's said Thursday.
Animoca Brands and Manga Productions sign strategic partnership for Web3 industry across MENA region
Hong Kong-based gaming firm Animoca Brands, has partnered with Middle East animations, comics, and games production company Manga Productions, for Web3 industry across Middle East and North Africa (MENA) region.
