News
Sweden blockchain startup ChromaWay raises $10M funding led by True Global Ventures
True Global Ventures 4 Plus (TGV4 Plus) Fund has invested $5 million into ChromaWay, leading the $10 million latest fundraising round.
Taiwan sustainable fashion community-based marketplace PopChill raises $2.2M Pre-Series A funding led by AppWorks
PopChill announced Monday the completion of a $2.2 million Pre-Series A round of financing. The round was led by AppWorks, with participation from CTBC Venture Capital, B Current Impact Investment, and Taiwan Culture and Creative Angels Investment. With this round of financing, PopChill will reinforce its core business model to meet the needs of fashion…
FTAG Ventures leads $4.5M round for Singapore livestreaming solutions provider BeLive Technology
FTAG Ventures has spearheaded a S$6 million ($4.45 million) bridge funding round for BeLive Technology, a Singapore-based livestreaming solutions firm aiming to expand its presence globally by establishing partnerships with e-commerce giants, apps and brands. This development follows news last year when FTAG Ventures announced that it had acquired a…
Singapore’s Sesto Robotics bags $5.7M from WTI Germany, TRIVE and SEEDS Capital
Sesto Robotics has raised $5.7 million funding from institutional investors TRIVE, German-based World Trading Inovation WTI GmbH and SEEDS Capital. It will be utilizing the funds raised for enhancing its capability to support overseas partners and to invest in digital marketing. In addition, the company will continue to invest in the development of its…
[Updated] Malaysia’s AirAsia classified as financially distressed company
AirAsia triggered the financial distress criteria, known as PN17 back in July 2020. This came after its external auditor flagged significant uncertainties that cast doubt on its ability to continue as a going concern.
AI enables businesses to understand and optimize for customers’ needs in realtime [ORIGIN Innovation Awards Q&A]
Asia Pacific region businesses are very consumer-focused. AI is a perfect technology to help businesses understand consumers better, and also for consumers to receive better, personalized services. AI in this case plays an important role in creating the virtuous cycle.
UK-based Global Processing Services upsizes funding round, with participation of Temasek & MissionOG
Global Processing Services (GPS) has upsized funding round by approximately $100 million with participation of Temasek and MissionOG. This brings the total amount raised in its latest round to $400 million. Advent International and Viking Global co-led the previous $300 million round.
Indonesian wealthtech startup Pluang secures $55M funding led by Accel
Pluang has raised $55 million in a funding round led by Accel, with participation from Openspace. It plans to use the additional funding to further build out its technology capabilities and expand its asset classes. The company also plans to expand the availability of its app and services throughout key additional international markets. This expansion is…
Validus, TTC Group and Do Ventures form joint venture to expand access to credit for SMEs in Vietnam
Validus Vietnam, the Vietnam entity of Singapore-based small and medium enterprises (SME) growth financing platform Validus, TTC Group, a multi-industry conglomerate in Vietnam and Indochina, and Do Ventures, an early-stage venture investment fund in Vietnam announced Friday a joint venture (JV) to drive financial inclusion and empower the growth of…
Japan’s JCB injects $5M in Malaysian fintech firm Soft Space in strategic partnership
Soft Space Sdn Bhd announced a new strategic partnership with Japanese international payment brand, JCB Co. Ltd. This strategic partnership is the first of its kind in Malaysia for the payment gian. It involves a combination of $5 million investment in Soft Space and a series of business collaborations that are aimed at capitalising on Soft Space's…
