News
Tracxn : Vietnam tech startups total fundings down 52.7 pct on year in first half
Total funding into Vietnam Tech startups dropped 52.7 percent to $46.5 million in the first half of 2024, compared with $98.5 million in the first half of 2023, Tracxn said Tuesday.
Silverlake Axis ventures into Cambodia through strategic partnership with Chip Mong
Singapore-listed fintech and digital banking solutions provider Silverlake Axis Ltd. (SAL) has ventured into Cambodia through strategic partnership with Chip Mong Group, a Cambodian conglomerate.
Singapore’s Atome Financial secures up to $100M growth debt facility from EvolutionX to drive expansion in Southeast Asia
Singapore-based fintech firm Atome Financial has secured up to $100 million growth debt facility from EvolutionX to drive profitable expansion in Southeast Asia.
Hong Kong fintech firm FundPark secures $250M in loan led by HSBC
FundPark, a Hong Kong-based fintech company, has closed an asset-backed securitization (ABS) facility of up to $250 million, of which HSBC will provide up to $200 million as the senior lender.
Malaysia’s Systech partners EISSB to develop data centers
Malaysian information technology (IT) services firm Systech Bhd has partnered industrial-grade servers and storage solutions provider EH Integrated Systems Sdn. Bhd. (EISSB) to develop and operate data centers.
Catcha Digital partners Keluar Sekejap founders to launch KS Lagi
Malaysian digital media firm Catcha Digital Berhad, via its subsidiary, has entered into a joint venture agreement with Khairy Jamaluddin (KJ) and Shahril Hamdan (Shahril), the founders of Keluar Sekejap Sdn Bhd (Keluar Sekejap) to co-found and form a new disruptive digital media business, KS Lagi.
GreenRock partners Solarvest to develop 1 GW green energy project in Taiwan and Malaysia
Solarvest, Malaysia’s clean energy firm, has announced a strategic collaboration with GreenRock Energy, a Taiwanese renewable energy player, to accelerate the development of green energy solutions in both Taiwan and Malaysia.
Singapore’s Food Empire secures $40M from Ikhlas Capital
Food Empire Holdings, a Singapore-based multinational food and beverage manufacturing and distribution group, has secured $40 million from private equity fund Ikhlas Capital Singapore Pte. Ltd.
Axrail opens Gen AI lab in Malaysia in collaboration with AWS and Phison
Axrail, an artificial intelligence (AI) subsidiary of Malaysian integrated agro-based business group QL Resources Berhad, has opened a generative AI (Gen AI) lab in Malaysia and Southeast Asia showcasing cloud and edge solutions, to support the growing demand for AI solutions and the nation’s digital economy aspirations.
Malaysia’s Paywatch secures $30M funding from a mix of equity and credit facilities
Malaysia-based earned-wage access (EWA) service provider Paywatch has raised $30 million in funding from a mix of equity and credit facilities to supercharge its growth.
