News
Singapore’s Propseller raises $12M Series A funding led by Vertex Ventures
Singapore-headquartered PropTech start-up Propseller announced Tuesday a $12 million Series A funding led by Vertex Ventures Southeast Asia and India. The round saw participation from existing investors Hustle Fund, Iterative, and Rapzo Capital, and new investors Partech, ICCP SBI, Vulpes Ventures and Redbadge Pacific.
Indonesia’s ESB raises $29M Series B funding led by Northstar Group and Alpha JWC Ventures
ESB, an Indonesia-based fully-integrated restaurant management software as a service (SaaS) platform, announced Monday its $29 million Series B funding round led by Northstar Group and Alpha JWC Ventures. The round also saw participation from existing investors including BEENEXT, Vulcan Capital and AC Ventures.
Malaysia’s Creador backs Philippine digital bank operator UnoAsia
Malaysian private equity firm Creador has led a pre-Series A round of $11 million for UnoAsia, operator of Uno Digital Bank, one of only six licensed digital banks in the Philippines.UnoAsia had already raised $33.5 million in pre-seed and seed funding, of which $21 million came from Creador.
Indonesia and Singapore to pursue cross-border QR code payments connectivity
Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) announced Monday the commencement of work on a cross-border QR payment linkage between Indonesia and Singapore as part of the ASEAN-wide payments connectivity effort.
ADDX launches cash management solution with OCBC Group’s Lion Global Investors
Singapore-based private market exchange ADDX has launched a cash management tool that allows investors with excess funds in their wallets to earn interest, instead of letting their cash sit idle. Named ADDX Earn, the solution aims to withstand short-term volatility while preserving capital.
Yinson partners AEON to develop Malaysia’s largest retail EV charging network
Malaysia-listed energy infrastructure and technology firm Yinson Holdings Berhad (Yinson) has partnered with retailer AEON CO. (M) Bhd (AEON) to provide charging infrastructure across AEON and AEON BiG shopping outlets in Malaysia and introduce e-mobility leasing solutions for Aeon Group’s logistics fleet.
Indonesia’s ARIA secures $5M seed funding led by East Ventures
ARIA, a one-stop solution for Indonesia’s agriculture service, said Monday it has secured $5 million of seed funding led by East Ventures, who joined the pre-seed round in March 2022. This round of funding was also joined by Triputra Group, Michael Sampoerna, Arkana Ventures, GK-Plug & Play, and other strategic investors.
Lights, camera, accelerator! Techsauce Global Summit opens with news of startup & SME supports
An estimated 10,000 attendees, 1,500 startups, 300 speakers are expected to turnout by the end of the two-day event, which is currently underway in physical form at ICONSIAM, Bangkok for the first time in two years.
Malaysia Science Ministry to identify needs of R&D, C&I industry players, says minister
Dr Adham also announced the collaboration of MRANTI with five IPTs for the Supercharger Series to bring the best 50 intellectual properties of spin-off companies to the path of commercialization.
Singapore’s SolanaFM completes strategic seed funding round raising $4.5M
Singapore-based crypto firm SolanaFM announced Thursday that it has secured $4.5 million in a seed funding round led by SBI Group's Digital Asset Opportunity Fund. The seed funding round that was spearheaded by SBI Group's Digital Asset Opportunity Fund attracted the participation of top venture capital firms including Zee Prime, Spartan Group, Mirana…
