News
Indonesian insurtech Qoala raises $47M in Series C funding co-led by PayPal Ventures, MassMutual Ventures
Indonesian omnichannel InsurTech Qoala has on Tursday announced the completion of its Series C funding round, raising $47 million. The funding was co-led by PayPal Ventures and MassMutual Ventures.
Hang Seng Bank launches $4.22B SME Power Up Fund
Hong Kong-based Hang Seng Bank has on Tuesday unveiled the HKD 33 Billion ($4.22 billion) SME Power Up Fund, a strategic initiative to support the growth, cross-boundary development, and sustainable progression of Hong Kong's small and medium-sized enterprises (SMEs).
Golden Gate Ventures promotes Angela Toy to COO in strategic international expansion move
Golden Gate Ventures, a Singapore-based venture capital fund, has on Wednesday announced the appointment of Partner Angela Toy as its Chief Operating Officer (COO). This newly created position reflects Golden Gate Ventures' commitment to robust expansion and strategic leadership in startup ecosystems.
Singapore’s Elevate Foods secures $525,000 in pre-seed funding led by Wavemaker Impact
Elevate Foods, a Singapore-based platform for small- and medium-sized farm-gate processors, has announced the successful closure of its pre-seed funding round at $525,000, led by climate-focused investors Wavemaker Impact (WMi).
DNX Ventures raises $243M for two new Japan funds
DNX Ventures, a Japan and U.S.-based venture capital firm, has announced the final close of two new Japan funds, raising a total of approximately 36.5 billion yen (U.S. $243 million).
Vietnam’s VinFast unveils EV lineup in Thailand
Vietnamese automaker VinFast Auto has unveiled an electric vehicle (EV) lineup in Thailand. The firm has introduced a diverse range of green mobility solutions to Southeast Asia's leading auto market, including electric scooters, cars and the electric pickup truck concept - VF Wild.
Venturi Partners invests $25M in Philippines’ DALI Discount
Venturi Partners (Venturi), a Singapore-based growth equity firm specializing in consumer investments across India and Southeast Asia, has on Tuesday announced its $25 million investment in DALI Discount (DALI), a rapidly expanding hard discount chain operating in the Philippines.
Helicap partners Crowd Credit to pump $50M into Southeast Asia for Japanese investors
Japanese financial services company Crowd Credit Inc has parntered with Singapore's fintech firm Helicap Pte Ltd (Helicap) to pump $50 million into Southeast Asia for Japanese investors.
Japan’s GMO Financial Gate invests in Malaysia’s FinTech firm Soft Space
Soft Space, Malaysia-based fintech-as-a-service (FaaS) company, has announced a capital alliance with its long-standing partner, GMO Financial Gate, Inc, one of Japan’s largest payment processing companies. Soft Space said in a statement on Monday that this investment from GMO-FG comes before Soft Space’s planned Series C funding round, aimed at…
Malaysia to introduce new tax incentive for digital status companies – report
MDEC chief executive officer Mahadhir Aziz said the tax incentive, to be announced in May, will be for digital initiatives in intellectual property (IP) and non-IP, and also in the form of investment tax allowance incentives, the report added.
