News
ADDX, ICHAM ink $200M agreement linked to China government-granted quota for offshore investments
ADDX has reached an agreement with the Singapore-regulated wealth and fund management company ICHAM, which has received a $200 million allocation as part of the Chongqing government’s overall $5 billion QDLP quota. ADDX will be the primary venue for investments from the ICHAM fund in China authorized to raise capital from Chinese institutions and…
Airwallex secures money services business license in Malaysia, now positioned for growth in Southeast Asia
From early next year, businesses in Malaysia can enjoy "fast, transparent and cost-effective" international payments in multiple currencies, empowering them to operate and grow globally.
Singapore’s Accelerating Asia launches $20M Fund II
The targeted $20 million fund already has around 50 percent in soft commitments from existing investors and partners.
Facebook, Bain & Co Report: Southeast Asia’s digital consumer population to reach 380M by 2026
Since the start of the pandemic, 70 million people have become digital consumers. Nearly half of them, or around 30 million people, became digital consumers from 2020 to 2021 alone. By 2026, Southeast Asia’s digital consumer population is expected to reach around 380 million.
Indonesia’s Ayoconnect raises $10M in Pre-Series B funding round
Pre-Series B funding allows Ayoconnect to continue to focus on growth, recruitment, and product development - particularly in building the API economy in Indonesia with full-stack API solutions.
Malaysia’s Carsome raises $200M in financing round, valuation hits $1.3B
The Series D2 round saw participation from one of the largest sovereign wealth funds in the region and a pool of new international investors such as Catcha Group and MediaTek as well as strong participation from existing shareholders including Asia Partners, Gobi Partners, 500 Southeast Asia, Ondine Capital, MUFG Innovation Partners, Daiwa PI Partners, and…
Digital health platform Doctor Anywhere closes $65.7M Series C, deepens expansion into Southeast Asia
DA has built a strong ecosystem of payers, providers, and patients across its core markets. It has close to 2,800 doctors and medical professionals within its network in the region, and it also works closely with major hospitals and healthcare institutions.
Malaysia’s gig workers employment platform Troopers bags close to $1M in Series A round
The investment will be used for technology development, marketing, and working capital to further expand its business In Malaysia.
Malaysia’s Islamic crowdfunding platform Ethis Group raises $1.7M in pre-Series A round
This ‘Super Angel’ round included leaders and executives from Islamic finance and fund management across various jurisdictions.
Indonesia’s J&T Express eyes shifting US IPO to Hong Kong – report
The Jakarta-based logistics unicorn is working with Bank of America Corp, China International Capital Corp and Morgan Stanley on the potential first-time share sale as soon as next year, Bloomberg reported, quoting people familiar with the matter.
