News

Senang.io, a Malaysian headquartered fintech company, has partnered with iRemit, a Filipino-owned non-bank remittance provider, to launch the DreamSecure — a financial product designed exclusively for Filipino overseas workers (OFWs).

Total committed funds for private equity (PE) and venture capital (VC) in Malaysia reached a combined total of MYR 24.70 billion ($5.58 billion) in 2024, the Securities Commission Malaysia (SC) said Thursday.

HitPay, a Singapore-based fintech firm, has partnered with NPCI International Payments Limited (NIPL), an India-based payments firm, to integrate the unified payments interface (UPI) into its platform.

Malaysian lender Malayan Banking Bhd (Maybank) has announced the first multi-market small and medium enterprises (SME) upskilling and digitalization collaboration between a financial institution and TikTok Shop in the ASEAN region.

Global sustainable infrastructure firm Actis has announced the closing of the acquisition of a stake in Terra Solar Philippines, Inc. (MTerra Solar), with MGEN Renewable Energy, Inc. (MGreen), through its subsidiary SP New Energy Corporation (SPNEC).

South East Asia (SEA) tech startups raised $909 million in the first quarter of 2025, 30 percent higher than the fourth quarter of 2024, Tracxn said Thursday.

Boost Bank, Malaysia's homegrown digital bank, has partnered with CGC Digital, a fintech subsidiary of Credit Guarantee Corporation Malaysia Berhad (CGC), to enhance support for eligible underserved micro, small, and medium enterprises (MSMEs) across Malaysia.

Microsoft, its partners, and cloud-consuming customers will generate $10.9 billion in new revenues for Malaysia by 2028 with its upcoming hyperscale cloud in the country, the global technology firm said Thursday.

Funding Societies | Modalku, the largest small and medium-sized enterprise (SME) digital finance platform in Southeast Asia, has announced a strategic equity investment from Gobi Partners, an Asia-focused venture capital firm.

Singapore-based venture capital firm Motion Ventures has unveiled its $100 million second fund (Motion Ventures Fund II), targeting solutions that digitize and decarbonize the global maritime supply chain.