News
Indonesia’s Wagely nets additional $8.3M in oversubscribed pre-series A funding
Wagely has raised $8.3 million in an oversubscribed pre-series A funding as the company scales its platform to help workers access their earned salaries on demand in Indonesia and Bangladesh. The funding comes in just seven months after the company securing its seed funding. The oversubscribed round was led by East Ventures (Growth Fund) with participation…
Hong Kong’s Hex Trust raises $88M in Series B funding co-led by Animoca Brands and Liberty City Ventures
Hex Trust has closed its Series B funding round of $88 million co-led by Animoca Brands and Liberty City Ventures. Participants in the round included Ripple, Terra, Morgan Creek, Primavera Venture Partners, LeadBlock Partners, Eterna Capital, Sino Global Capital, Topaz, and Adrian Cheng (Chief Executive Officer of Hong Kong real estate group New World…
Grab’s top execs extend stock lock-up period as share price tumbles
Grab said it believes that "this extension is a reflection of the continued, collective belief by the members of the Executive Committee in the business fundamentals and prospects of Grab".
[Updated] Indonesia’s GoTo to raise $1.25B in local IPO – report
GoTo, a merger of ride-hailing giant Gojek and e-commerce firm Tokopedia, said it plans to sell up to 52 billion Series A shares and set a price range of 316 to 346 rupiah per share.
Indonesia’s RRQ teams up Alterra to launch RRQ Guild to build and support play-to-earn communities
Rex Regum Qeon (also known as RRQ) on Tuesday launched its new project RRQ Guild, in collaboration with tech startup Alterra, to expand blockchain based play-to-earn communities globally through its fanbase and online-to-offline (O2O) presence. RRQ teamed up Alterra to leverage the latter’s technology expertise and O2O presence in over 90 cities in…
Singapore’s MedTech startup Stratificare plans to raise $12M Pre-Series A round
The Pre-Series A funding round came after its Seed round in October last year. StratifiCare has secured close to S$1 million ($734,634) in an oversubscribed Seed round from investors including Asian Development Bank Ventures, Sprout, PatSnap CEO Jeffrey Tiong, and Carousell CEO Quek Siu Rui.
Income tax will apply to NFT transactions, says Singapore Finance Minister – report
This will apply to individuals who derive income from NFT transactions or from trading in NFTs.
AirAsia Parent Capital A unable to get $120M govt-guaranteed loan
Capital A is exploring other available debt financing alternatives with acceptable terms suitable to the operations and financing requirements of the company.
AWS launches two global accelerator programs to help startups solve challenges in the cloud
Amazon Web Services (AWS) announced Thursday the launch of two global accelerator programs to help startups address some of the world’s most pressing challenges in space and sustainability while building successful, cloud-based businesses.
AWS signs new Cloud Framework Agreement with Malaysia govt to power public sector innovation
Amazon Web Services (AWS) has signed a new Cloud Framework Agreement (CFA) with the Malaysian government, together with local information technology (IT) provider and AWS partner Radmik Solutions Sdn Bhd to help accelerate cloud adoption in the public sector and help agencies save costs, boost digital skills, and drive innovation.
