News
Philippines e-commerce logistics startup Locad secures $4.9M Seed fund led by Sequoia Capital India’s Surge
Locad currently runs seven fulfillment centers: four in the Philippines and one warehouse each in Singapore, Hong Kong, and New South Wales. The company plans to use part of its seed fund to further expand its warehouse network in the Philippines and across the APAC region.
29 Applicants to bid for 5 digital banking licenses in Malaysia, with national cooperatives group joining in
A diverse range of parties have submitted applications for the digital bank licence, ranging from banks, industry conglomerates, technology firms, e-commerce operators, FinTech players, cooperatives and state governments.
AirAsia’s BigPay teams up with state-linked MIDF, PE firm Ikhlas Capital for digital banking license in Malaysia
BigPay's consortium will be joining a crowded field for digital bank licences on offer. Malaysia central bank said it would issue up to five licenses by early 2022.
Animoca Brands hits unicorn status after completing $138.88M capital raise with second tranche of $50M
The new capital will be used to fund strategic investments and acquisitions, product development, and licenses for popular intellectual properties.
Consortiums and companies submit Malaysia digital banking license bids as deadline looms close, including Grab-Singtel venture
The Race for the five digital banking licenses heats up further as more consortiums and companies announced their application, including ride-hailing giant Grab-Singtel consortium, which bagged a digital full-bank license in Singapore last year. These consortiums also include overseas investors and technology partners from Singapore, Japan, and China.
Blockchain FinTech AID:Tech raises $3.5M Series A funding led by Affinidi, will focus on growth and scale in Southeast Asia
The funding will go towards scaling their team in Singapore, relocating their new headquarters, focus on growth in Southeast Asia and increased support for cross chain interoperable Digital ID applications.
The rise of pet-focused e-commerce is a sign of maturing market, says Oyen’s Kevin Hoong amid pet InsurTech’s $420K Seed raise
We are extremely focused on accelerating our growth of pet owner acquisition in Malaysia and constantly experimenting with new growth channels to scale our business. Within the coming months, we hope to also further develop our proprietary technology which will allow us to distribute our product and manage our claims services smartly and at scale. To…
Taiwanese cloud kitchen startup 3 SQUARE eyes APAC expansion
Besides Taiwan, 3 SQUARE is looking to expand into Hong Kong, Singapore, Malaysia, Thailand, Indonesia, The Philippines and Japan.
‘Robinhood of Vietnam’ Infina raises $2M in oversubscribed Seed round
The startup seeks to tap into a growing opportunity in the retail investing space in Vietnam. The country of 97 million population has more than 75 percent internet users transacting money digitally, but only roughly 3.14 million--or 3.2 percent of the population-- investing in securities.
Indonesia’s aesthetic dentistry tech firm KLAR raises Seed funding round led by AC Ventures
KLAR plans to use the funding for four business goals including R&D development to achieve economies of scale and treatment optimization, expand the company's talent base, enhance branding, and venture into complementary product offerings
