News
Indonesia’s GoTo sells majority stake in Philippines e-wallet Coins.ph – report
Gojek had acquired the stake in 2019 when it plans to expand into the Philippines.
Hong Kong social crypto investing platform Kikitrade nets $6M funding co-led by AppWorks and Media Asia
Hong Kong-based one-stop cryptocurrency and social investment platform Kikitrade announced Monday the company has completed a $6 million strategic round, co-led by AppWorks and Media Asia with participation from Audeo Ventures and existing shareholders. This round of funding follows a $12 million investment led by internationally renowned investors…
Indonesia’s GoTo allocates over $20M to driver-partners under share program
Ahead of its initial public offering (IPO), PT GoTo Gojek Tokopedia Tbk (GoTo Group), the largest digital ecosystem in Indonesia, announced Monday it will allocate over $20 million to driver-partners. In Indonesia, the driver-partners will receive a share grant under the Gotong Royong share program.
Grab eyes breakeven for food deliveries in 1st half of 2023 – report
Grab operates across almost 500 cities in eight countries in Southeast Asia. Its operations include ride-hailing, food and grocery delivery services, digital payments, lending, insurance, wealth management among others.
Singapore’s Glance acquires Indian gaming company Gambit to boost NFT gaming platform
Singapore based consumer internet company Glance InMobi Pte Ltd (Glance), announced that it has acquired Indian gaming company Gambit Sports Pvt Ltd. (Gambit), to accelerate its ambition of building the biggest platform for non-fungible token (NFT)-based live gaming experiences for Gen-Z, across markets.The acquisition brings together Glance’s scale and…
Ant-backed e-wallet Touch ‘n Go launches digital personal loan facility
Touch ‘n Go (TNG) Group, a Malaysia-based payment firm that is backed by Jack Ma's Ant Group Co, announced Friday the launch of GOpinjam, an inclusive digital personal loan proposition available through TNG eWallet. This marks TNG eWallet’s first digital lending solutions offering, having previously already launched financial services propositions in…
Binance to be the official cryptocurrency exchange partner of the 64th Annual GRAMMY Awards
Binance, the global blockchain company behind the world's largest cryptocurrency exchange, announced Thursday it has signed a partnership agreement with the Recording Academy to become the first-ever official cryptocurrency exchange partner for the 64th Annual GRAMMY Awards and GRAMMY Week events, including the inaugural Recording Academy Honors…
Australia’s FinTech unicorn Airwallex launches payment services in Malaysia
Australia-based FinTech platform Airwallex announced Thursday the launch of its cross-border payment services in Malaysia, following its grant of a money services business license by Malaysian regulator Bank Negara Malaysia in August last year. Initially, qualified Malaysian businesses will be given access to Airwallex's fast, transparent and cost-effective…
Indonesia’s GoTo to raise $1.1B in IPO
Indonesia's largest tech firm GoTo Group said Thursday it will raise total $1.1 billion in its initial public offering (IPO), which would make this the third largest IPO in Asia and fifth largest in the world this year. The IPO price has been set in the top half of the range at IDR338 ($0.024) per share, representing a projected market capitalization of…
RaiSE unveils initiatives to scale up public-private synergies in Singapore’s social ecosystem
The Singapore Centre for Social Enterprise raiSE on Wednesday unveiled initiatives to catalyse financing, capabilities, and talent to scale up public-private synergies in Singapore’s social ecosystem.
