News
Indonesia all-in-one restaurant operations platform ESB raises $7.6M in Series A+ round led by Alpha JWC Ventures
With this fresh funding, ESB will further expand its proposition including tech-enabled upselling features, enhanced business intelligence (BI) platform, delivery solutions, payment solutions, financing, and human resources information system (HRIS) to become the dominant end to end F&B business operating platform.
Malaysia co-farming startup Fefifo raises $3.1M to scale operations and build up tech, data, engineering capabilities
Fefifo is a first-of-its-kind Agtech startup pioneering digitalized, standardized farming in ready-to-farm modern farm spaces called Co-farms. Smallholder farmers (aka “Agropreneurs”) can start their modern commercial farming business in Fefifo Co-farms by renting a pre-fitted office with managed farm services and sell to reliable, profitable contract…
Credit Suisse recognizes AirAsia Digital as tech unicorn alongside Carsome, Axiata’s Edotco
AirAsia Digital is valued at around $1 billion based on all-share transaction in July 2021, as reported by the company, Credit Suisse said in the report dated Oct 5.
Shoplinks raises $900K seed fund led by Cocoon Capital
Shoplinks will use the funds to strengthen its foothold in Indonesia before expanding into other Southeast Asian markets. Additionally, the funds will be used to grow its team and invest more in product development.
Singapore IoT firm UnaBiz raises $25M in Series B led by SPARX Group
The funding brings UnaBiz’ total capital raised to $35 million since it launched in July 2016.
Xfers’ digital assets platform StraitsX hits $1.48B in transactions in 2021
Adding on to this announcement is the unveiling of StraitsX’s new platform and identity. The new StraitsX platform features a redesigned and streamlined user interface to enable faster and more efficient navigation.
Malaysia-based Solarvest launches startup program focusing on RE, green tech, FinTech
Solarvest will assist in further fundraising and other grant applications that are relevant and help the company get connected by leveraging its extensive business network.
Healthcare-focused PE firm Quadria Capital mulls SPAC listing in Singapore – report
Earlier reports showed Internet entrepreneur Patrick Grove, Singapore-based PE firm Novo Tellus Capital Partners, French alternative investment manager Tikehau Capital SCA are also targeting SPAC-listing on the Singapore exchange. Other interested parties include Turmeric Capital and Temasek’s Vertex Holdings Ltd.
Indonesia fleet management firm TransTRACK.ID raises $552K Seed round from Cocoon Capital, IWEF
TransTRACK.ID will use the funds to scale product development and expand its network of partners across Indonesia to dominate the market.
Bank Negara Malaysia working with ‘relevant authorities’ to address concerns over BNPL
It is important for individuals to understand the terms and conditions of the BNPL schemes, and to not take debt that they cannot afford, the regulator warned.
