News

Malaysia-based PayHalal partners Atome to offer ‘Shariah-compliant’ BNPL options in Malaysia, Indonesia

The partnership further enhances the shopping and payment experience of shoppers and supports Muslim retailers and businesses with increased sales amid the pandemic.

Indonesia e-commerce firm Ula bags $87M Series B, ropes in Amazon’s Jeff Bezos as investor

The funding round was co-led by Prosus Ventures, Tencent and B Capital Group. Amazon founder Jeff Bezos's Bezos Expeditions also joined the round.

SoftBank-backed Indian hotel aggregator OYO files draft papers for $1.14B IPO

The hotel aggregator's IPO plan also comes at a time when travel restrictions are being eased in many countries and the tourism sector is expected to rebound.

UK’s CDC Group backs Fatima Gobi Ventures’ Pakistan-focused fund

The new funds will boost Techxila Fund I’s investments in early-stage tech companies across Pakistan.

Singapore-based Quincus raises Series B at over $100M valuation

Quincus looks to use Series B funding to continue expanding its footprint in Asia-Pacific, the Middle East, and select markets in Latin America, Europe, and North America.

Singapore Heritas Capital Fund II

SBI, Sygnym, Azimut launch $75M digital asset-focused VC fund in Singapore

The fund aims to back digital asset companies across Europe and Southeast Asia, focusing on companies developing distributed ledger technology infrastructure, decentralized finance solutions, and regulatory technology tools.

Singapore skyline SGX SPAC

SGX-backed ADDX tokenizes global private equity fund managed by Partners Group

The EUR5.5 billion Global Value SICAV Fund is the first fund by a major PE firm to be tokenized anywhere in the world.

Malaysia InsurTech firm PolicyStreet.com raises $6M in Series A, receives in-principle approval for reinsurance & general insurance license

The latest round is led by Altara Ventures, Auspac Ventures, Gobi Partners and the Leong family of Malaysia-based property developer Mah Sing Group led by Leong Hoy Kum.

Vietnam loyalty platform Society Pass plans to list on Nasdaq

The company is offering 2.9 million shares at a price range of $8 to $10. At the mid-range, this puts the IPO at around $26 million at a $188 million valuation.

Singapore-based Forge Ventures hits first close of maiden fund at $21.9M

Forge Ventures said it will build a concentrated portfolio of just 15 companies over the next three years with a focus on Singapore and Indonesia.