News
Indonesia’s Xendit makes strategic investment in Bank Sahabat Sampoerna
Xendit, an Indonesia-based financial technology company that provides payment solutions, said Thursday it has made a strategic investment in Bank Sahabat Sampoerna, an Indonesian private bank that focuses on micro, small and medium-sized enterprise (SME) businesses, as well as banking-as-a-service for technology-enabled businesses.
Singapore’s The GrowHub partners Vietnam’s Society Pass to provide Australian food products
Singapore-based food and agri-tech company The GrowHub Innovations Company (The GrowHub), announced Friday that it has signed a strategic marketing partnership Memorandum of Understanding (MOU) with Vietnam-based loyalty platform Society Pass to provide agri-food products from producers in Western Australia.
Animoca Brands partners Planet Hollywood to form joint venture for NFTs, themed metaverse and community
Hong Kong-based gaming firm Animoca Brands and United States-based entertainment firm Planet Hollywood Group announced Friday the MetaHollywood joint venture. The MetaHollywood will build the largest online community for movie lovers, studios, and creators to interact within a Hollywood-themed metaverse and marketplace for digital collectibles, moments,…
Gobi Partners and Ozora Venture launch first $10M seed fund for women startups in Indonesia
Venture capital (VC) firms Gobi Partners and Ozora Yatrapaktaja (PT Mega Ozora Venture) are partnering together to launch a $10 million seed fund for women start-ups in Indonesia, called the Ratu Nusa Fund. Focusing on health tech, e-commerce/social commerce, future of work/education, prop tech, enterprise/SME tech and fintech, the Ratu Nusa Fund will be…
Vietnam sustainability firm EQUO raises $1.3M seed funding led by NextGen Ventures
Vietnam-based sustainability company EQUO said Tuesday it has raised $1.3 million seed funding led by NextGen Ventures with participation from Techstars and East Ventures. Prominent angel investors Luke Vigeant of Shed Capital; Jeff Hohner of Tecumseh Capital; Jack Tai, Chief Executive Officer and Co-Founder of OneClass; Mark Groves, Founder of Create The…
Singapore’s Ordinary Folk raises $5M pre-series A round from Monk’s Hill Ventures
Ordinary Folk, a digital health technology startup based in Singapore, announced Thursday its Pre-Series A funding of $5 million by Monk's Hill Ventures. The funding will be used to accelerate hiring talent to build a differentiated CX in healthcare using tech, expand in new markets (Hong Kong and other Asian cities), while continuing to scale in Singapore.
Temasek’s Heliconia Capital invests in Crown Digital’s $3.7M Pre-Series A round
Crown Digital, the Singapore-based full-stack hardware and software tech start-up behind ELLA the robot barista, said Wednesday it has raised S5 million ($3.66 million) in a Pre-Series A round from Temasek Holdings’s Heliconia Capital Management, Momentum Ventures (SMRT), ParticleX, Leave a Nest, Gloca Link and M4ever.
Hong Kong’s FundPark secures $250M debt facility with Goldman Sachs as senior facility provider
FundPark, a Hong Kong-based eCommerce liquidity solution and technology provider, announced Wednesday the closing of an asset-backed securitization (ABS) facility of up to $250 million with Goldman Sachs as senior facility provider. Through this ABS facility, FundPark proprietary platform will serve to bridge the working capital finance needs of small to…
Singapore’s Sunseap to develop large-scale solar energy and storage plants in Riau Islands, Indonesia
Singapore's largest clean energy solutions provider Sunseap Group has on Tuesday signed a Memorandum of Understanding (MoU) with the provincial government of Indonesia's Riau Islands to develop large-scale solar energy and storage plants that will supply electricity to the Riau Islands and Singapore.The MoU covers the availability of 3,000 hectares of land…
