News

GoComet has closed $7 million in Series A financing led by Rider Global and Atlas Ventures. Jetty Ventures, Rebright Partners, Leo Capital and Krishna Capital also participated in the round. The funding will fuel the further development of GoComet's platform and accelerate its customer growth and expansion in the United States (US) and Europe, in line with…

Majoo has raised $5 million more in pre Series A funding led by AC Ventures and Quona Capital with participation from BRI Ventures, Xendit, bringing the total raised for the latest round to $9 million. With its new funding, it will accelerate its product development including instant online store, and marketplace integration, enhance market penetration and…

Mizuho Bank, one of Japan's largest banking groups, is the latest big backer of Philippine digital bank Tonik, leading its $131 million Series B round of funding.

Singapore’s fintech industry hit a five-year high at 191 deals transacted in 2021, a 37 percent increase compared to 2020’s deal count (139 deals) and a 91 percent increase from 2019’s figures (100 deals), said a KPMG report on Tuesday.Total transaction value in Singapore also surged by 59 percent year-on-year at $3.94 billion, across venture capital (VC),…

NVIDIA and SoftBank Group Corp announced Tuesday the termination of the previously announced transaction whereby NVIDIA would acquire Arm Limited from Softbank. Both parties have agreed to terminate the agreement because of significant regulatory challenges preventing the consummation of the transaction, despite good faith efforts by the parties. Arm will…

IIMMPACT announced Wednesday $2 million in seed funding by Sequoia India’s Surge. IIMMPACT is Surge’s first startup founded and based in Malaysia. The funding will be used to accelerate product development and expand hiring.

ITCS Group has secured a strategic growth investment from Dymon Asia Private Equity (DAPE). Partnering with DAPE will enable ITCS to rapidly accelerate its growth to scale up the tech industry in Asia-Pacific over the next two to three years.

Binance has partnered with YG Entertainment (YG) to develop metaverse, non-fungible token (NFT) and gaming opportunities. As part of the strategic partnership, Binance and YG will cooperate on a range of blockchain projects, including collaborations in the NFT space. Binance will provide the NFT platform and technology infrastructure while YG will supply…

Razorpay announced Tuesday its first international expansion into South-East Asia with the acquisition of a majority stake in Curlec for an undisclosed amount. This marks Razorpay’s fourth acquisition overall and its first in international waters, taking one step closer to becoming a fintech leader in emerging markets.

iCandy Interactive Limited (iCandy) is acquiring 51 percent stake in Digital Games International Pte. Ltd. (Storms) for A$8 million ($5.69 million), which will be settled via the issuance of new fully paid ordinary shares of iCandy. The acquisition of Storms will allow iCandy to leverage its distribution network to further target a number of markets in Asia…