News

KAF-Carsome consortium’s KAF Digital Bank receives license approval to commence operations

The operating entity, which is now formally known as KAF Digital Bank, seeks to deliver a robust and resilient banking infrastructure that underpins the trust and expectations from Malaysians.

Singapore’s Sodion Energy secures MWh supply of US developed advanced sodium-ion batteries from UNIGRID

Sodion Energy, a provider of sodium-ion batteries for e-mobility and integrated energy storage solutions based in Singapore, has secured a landmark agreement for an initial 10 MWh supply of advanced sodium-ion batteries developed by UNIGRID Inc., a California-based innovator in sodium-ion battery technology.

Tracxn : Southeast Asia’s FinTech funding drops 23 percent in 2024

Southeast Asia’s (SEA) Fintech ecosystem witnessed total funding of $1.6 billion in 2024, a 23 percent drop from $2.1 billion in 2023 and a significant 75 percent decrease from $6.3 billion in 2022, Tracxn said Monday.

PropertyGuru CEO Hari V. Krishnan steps down; Lewis Ng appointed as new CEO

Singapore-based property technology firm PropertyGuru Group announced Monday that Hari V. Krishnan will step down as the company's Chief Executive Officer (CEO).

Green Packet secures digital lending license in Malaysia

Malaysia-listed tech firm Green Packet has secured a digital lending license from Malaysian government.

China’s Skyee receives IPA for MPI license from MAS

Skyee Pte. Ltd. has on Monday announced that it has been granted in-principle approval (IPA) for the major payment institution (MPI) license from the Monetary Authority of Singapore (MAS).

Singapore’s Endowus raises additional $17.5M, bringing latest fundraising round to over $50M

Singapore-based digital wealth advisory platform Endowus has announced an additional raise of $17.5 million follows from their $35 million raise last year to take the total for this round to $52.5 million.

Vietnam and Laos launch framework for local currency settlement and cross-border QR code payment connectivity

Vietnam and Laos have launched a framework for local currency settlement and cross-border QR code payment connectivity, the State Bank of Vietnam (SBV) and the Bank of the Lao P.D.R. (BOL) said on Friday.

Singapore’s August Global Partners invests in Vietnam’s Gene Solutions

Singapore-headquartered healthcare investor August Global Partners (AGP) is investing in Vietnam=based genomic testing company Gene Solutions (GS) through a proprietary funding round.

Malaysia Digital Economy Corporation launches metaverse platform

The Malaysia Digital Economy Corporation (MDEC) has on Thursday announced the public launch of the IP360 Metaverse Platform, an initiative in digital innovation and cultural preservation.