News
Singapore FinTech firm M-DAQ acquires payment firm Wallex to expand its cross-border ecosystem
M-DAQ has entered into a definitive agreement to acquire Wallex. The acquisition is the first of a series for M-DAQ, as it embarks on a global growth plan to capture market opportunities and expand its downstream reach in the value chain. In addition to the amount paid for the full acquisition, M-DAQ will also be injecting fresh working capital to…
Singapore “Create2Earn” metaverse Chillchat closes $1.85M seed equity funding round led by Solana Ventures
Chillchat has raised $1.85 million in seed equity funding led by Solana Ventures. Bringing Chillchat’s equity valuation to US$10 million, the seed equity round included participation from key blockchain-gaming and Web3 leaders: FTX Ventures, Animoca Brands, Griffin Gaming Partners, A&T Capital, YGGSEA; plus Infinity Ventures Crypto, Diamond Hands…
Finding a niche in the Philippines’ Iron Triangle
In this third part, we explore how much Covid-accelerated digitization boosted the country’s ‘Iron Triangle’ – e-commerce, logistics, and fintech – startups, and how the startup Davids are battling the Goliath super apps to carve out their own niches.
Hong Kong FinTech startup StockViva bags $3M Series A funding, bringing total raise to $5M
StockViva has raised more than $3 million in a round of Series A funding by renowned investors, including Farquhar VC from Singapore, Kharis Capital from Luxembourg, and Hong Huan Group, Angelhub, along with several individual investors from Hong Kong. Combined with the previous $2 million investment by Alibaba Hong Kong Entrepreneurs Fund from Hong Kong,…
Philippine payments platform PayMongo raises $31M in Series B funding
PayMongo has secured $31 million in Series B funding to scale its operations. Participating in the round are Justin Mateen’s JAM Fund, Philippine VC firms ICCP-SBI Venture Partners and Lisa Gokongwei’s Kaya Founders, together with existing investors Global Founders Capital and SOMA Capital. Also joining the round are founders of top European fintech…
Thailand’s PRIMO receives Pre-Series A funding from Fuchsia VC and Beacon VC
Primo World Company Limited (PRIMO) has received Pre-Series A funding from Fuchsia Venture Capital Company Limited (Fuchsia VC) and Beacon Venture Capital Company Limited (Beacon VC). SOSV, the world’s top-five venture capital (VC), and Infinity Technologies VC, who contributed to the Pre-Seed round, also took part in this round of funding.
Indian social e-commerce start-up DealShare gets $45M funding from ADIA in an extension of its Series E round
DealShare has raised another $45 million as part of its series E funding round from a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) which takes the company’s total funding to $393 million and valuation to $1.7 billion. The company will use the funds from its Series E funding round to power product innovation and technology to support…
Australian human resource platform Employment Hero closes $130M funding round, buys KeyPay
Employment Hero has closed a $130 million funding round led by return investor SEEK Investments with participation from OneVentures, AirTree Ventures and other shareholders. The support from investors has helped Employment Hero reach a valuation of A$1.25 billion ($900 million) valuation, and reflects the business’s strong and sustained revenue growth and…
Singapore VC firm True Global Ventures invests $8.3M into US healthcare blockchain firm Chronicled
Singapore venture capital firm True Global Ventures (TGV) has invested $8.3 million into United States-based healthcare technology firm Chronicled via its a blockchain-focused equity fund True Global Ventures 4 Plus (TGV4 Plus) Fund. In addition TGV4's investment, a Fortune 50 global technology giant and other private investors also contributed investment…
New Zealand AI firm Soul Machines raises $70M Series B1 led by Softbank
Soul Machines has raised $70 million Series B1 financing led by new investor SoftBank Vision Fund 2. Additional participation in this round comes from new investors Cleveland Avenue, Liberty City Ventures and Solasta Ventures. Existing investors including Temasek, Salesforce Ventures and Horizons Ventures also participated in this round. The latest round of…
