News

The Southeast Asia (SEA) Monthly Funding Tracker for January 2025 highlights some recovery in funding activity. Total funding amounted to $748 million across 17 rounds, marking a surge of 230.97 percent compared to December 2024 and a 291.62 percent decline from January 2024.

Mober, a green logistics services provider based in the Philippines, has unveiled the country's first 100 percent electric tractor head truck, marking a significant expansion of its electric vehicle (EV) fleet.

Malaysia-based Capital A’s online travel agent (OTA) platform AirAsia MOVE has achieved higher monthly active users (MAUs) and number of transactions during the fourth quarter of 2024, driven by continuous improvements of the platform.

Japanese automakers Nissan Motor Co., Ltd. and Honda Motor Co., Ltd., have on Thursday terminated their merger plan.

HD, a Thailand-based healthcare and surgery marketplace, has on Thursday announced the close of a Series A-1 strategic extension round with participation from the United States-based healthcare firm Merck Sharp & Dohme (MSD), bringing HD’s total Series A funding to $7.8 million.

Malaysia’s Managed Industrial Park (MIP) NCT Group of Companies, has partnered with OM Charge Sdn. Bhd to create a more sustainable transportation ecosystem at NCT Smart Industrial Park (NSIP).

Malaysia-based Islamic digital bank AEON Bank (M) Berhad has embarked on a strategic collaboration with fintech enabler focusing on female empowerment MADCash Sdn. Bhd. to empower 100 female entrepreneurs from B40 communities to kickstart their businesses and grow their entrepreneurial skills.

Aura Private Equity has on Thursday announced a AU$28.5 million ($18 million) investment into Singapore-based Global Incentive Solutions, the parent company of Giftaway, a business with capabilities in digital rewards and incentives in the Philippines.

Finmo, the Singapore-based treasury operating system (TOS), has on Thursday announced its successful oversubscribed $18.5 million Series A funding round, bringing its total funding to $27 million.

This preliminary collaboration agreement signifies the operational launch of a comprehensive digital identification and authentication platform in the DRC. It formalizes the initial collaboration between Trident and the Democratic Republic of the Congo, transitioning from strategic planning to contractual execution.