News

Kyoto Fusioneering has raised 1.33 billion yen ($11.7 million) in its latest round of funding, bringing the total amount of funds raised by the startup. to 1.67 billion yen ($ 14.7 million). The oversubscribed series B funding round was supported by existing investors, Coral Capital Co., and underwritten by five new investors from some of Japan's top…

Retailo has raised $36 million in its Series A investment round which was a mix of equity and venture debt. The round was led by Graphene Ventures and is joined by leading investors that include 500 Global, Agility, Aujan, Tech Invest Com and Mentor’s Fund. The venture debt was raised from Nahda Fund. Additionally, Shorooq Partners, Abercross Holdings,…

Ayoconnect has closed a $15 million series B financing round led by Tiger Global. The round was joined by PayU, the payments and fintech business of Prosus, and Alto Partners, as well as individual strategic investors, including Plaid Co-Founder William Hockey and Jerry Ng, President Commissioner of Bank Jago, It will use the funds to satisfy increasing…

Malaysia's AirAsia Group Berhad has announced a name change for the group holding company to become Capital A Berhad, to reflect the group’s new core business strategy as an investment holding company with a portfolio of synergistic travel and lifestyle businesses, which have rapidly transformed the AirAsia brand into much more than just an airline.. By…

Cialfo has on Thursday announced it has secured $40 million in funding as part of a Series B round, led by global investment firm Square Peg, and Australian-headquartered SEEK Investments. It also saw existing investors, including SIG Global, Vulcan Capital, DLF Venture, January Capital, and Lim Teck Lee, double-down on earlier investments.

Checkbox has raised AU$6.3 million ($4.5 million) in pre-Series A funding to accelerate local and international expansion, including the appointment of personnel for key regions and the launch of a product-assisted growth model. The round is led by Sequoia India’s rapid scale-up program, Surge, and Australia’s Tidal Ventures. Checkbox will use the funding…

In its efforts to be a major player for delivery in the Southeast Asia region, Teleport, the logistics venture of Airasia, has invested in Kargo Technologies (Kargo), Indonesia’s largest trucking marketplace, in the form of convertible notes. This acquisition was funded through Teleport’s internally generated sources,

The central bank of Malaysia and Indonesia on Thursday launched a cross-border QR payment linkage, to enable instant, secure, and efficient cross-border payments between Malaysia and Indonesia. Through this linkage, consumers in both countries will be able to make retail payments by scanning the DuitNow or Quick Response Code Indonesian Standard (QRIS) QR…

Gajiku announced Thursday the completion of a $1.1 million seed round of financing led by AC Ventures, with participation from Agung Ventures, Monk’s Hill Ventures, Sampoerna, as well as several influential Indonesian entrepreneurs and angel investors. With this round of financing, Gajiku plans to focus on product development to roll out new services and…

The round also saw participation from existing investors Prosus Ventures, AC Ventures, East Ventures (Growth Fund), Indogen Capital, SMDV and SIG Venture Capital. This brings the total Series A funding raised to $65 million.