News

Indian live commerce software as a service (SaaS) Swirl has raised $1.1 million in a seed round led by Shastra VC and other renowned Angel Investors. The round also saw participation from accomplished angel investors spanning India, Middle East, and United States.

Japanese information technology firm Reazon Holdings has announced the successful closing of its investment in VGrowth Development Co. Ltd. (Validus Vietnam), which is the Vietnamese subsidiary of Validus Investment Holdings Pte. Ltd. (Validus Group).

Nium, the Singapore-based real-time global payments firm, has received in principle approval from the Reserve Bank of India for two prestigious payment licenses – the Prepaid Payment Instrument (PPI) License and the Payment Aggregator (PA) License.

To help increase access to finance for smaller businesses in Nepal, including women-owned firms, and foster climate-friendly projects, International Finance Corporation (IFC) is investing $56 million in Global IME Bank Limited (GIBL), the largest commercial bank in the country.

Pyxis, a maritime electrification startup headquartered in Singapore, has raised SGD 4.5 million ($3.35m) in its seed funding round co-led by maritime innovation focused fund Motion Ventures and impact fund Shift4Good.

“There are market rumours that the negotiations for the potential sale have collapsed,” Deliver Hero said in a statement, according to the report. “We confirm that the negotiations for the potential sale are ongoing.”

Asia United Bank (AUB), a publicly listed banks in the Philippines, has partnered with Alipay+, a China-based cross-border mobile payments and marketing platform by Ant International, to enable scan-to-pay feature for cross-border payments in South Korea, Malaysia, Hong Kong.

Singapore-based healthcare company Doctor Anywhere(DA) has announced the opening of its flagship health screening and imaging center, DA MedSuites. As the company's premier one-stop medical facility in Singapore, DA MedSuites represents the latest milestone in its mission to deliver quality, comprehensive healthcare in the region.

Google India Digital Services (P) Limited and NPCI International Payments Ltd (NIPL), a wholly-owned subsidiary of the National Payments Corporation of India (NPCI) have signed a Memorandum of Understanding (MoU) to expand the transformative impact of unified payments interface (UPI) to countries beyond India.

Singapore Telecommunications Limited, commonly known as Singtel, has joined the NVIDIA Partner Network Cloud Program and will bring NVIDIA’s full-stack artificial intelligence (AI) platform to enterprises across the region.