News
Carro opens two new branches in Thailand, eyeing expansion
Carro, a Singapore-based online used car platform, has unveiled two new branches in Kingkaew and Tiwanon, bringing its total branches in Thailand to five. The move is to bring its certified cars to more people across the suburbs of Bangkok city.
South Korea’s Elice raises $14.9M in Series C round led by Vertex Growth
Elice Inc. (Elice), South Korea’s upcoming artificial intelligence (AI)-powered educational platform company, has raised a KRW 20 billion ($14.9 million) Series C round. The new funding is led by Vertex Growth, a growth-stage venture capital fund anchored by Vertex Holdings, a subsidiary of the global investment company Temasek.
Darewise Entertainment, DFZ Labs team up for Web3 expertise sharing
Darewise Entertainment (Darewise), a subsidiary of Animoca Brands and the creator of the Life Beyond game, announced Sunday a strategic partnership with DFZ Labs, creator of the world-renowned Web3 brand Deadfellaz. The duo have entered into partnership to support each other's growth by sharing their expertise in Web3 with each other through an advisory…
India’s Ecofy raises $10.83M funding from FMO to support expansion
Ecofy, India's green-only non-banking financial company (NBFC) dedicated to addressing the last mile climate finance gap in the Indian consumer and small business sector, has secured an investment of INR 900 million ($10.83 million) from FMO, the Dutch Entrepreneurial development bank.
Maxis and Public Bank collaborate to further accelerate digital adoption among Malaysian SMEs
Malaysian telecommunication firm Maxis and lender Public Bank Bhd. are collaborating to further accelerate digital adoption among Malaysian small and medium enterprises (SMEs). Through the collaboration, which was formalized during a Memorandum of Understanding (MoU) exchange ceremony, both companies will embark on a joint awareness program to promote…
Malaysia’s Khazanah in talks to lead Softbank-backed OYO Hotel’s $400M fund raise – report
Talks are still ongoing and Khazanah can still decide to not invest, Bloomberg reported.
Malaysia inks deal with UAE to build data centers in Malaysia
Malaysia and the United Arab Emirates (UAE) have signed a Memorandum of Understanding (MoU) on Thursday, marking a strategic partnership on the development of data centers in Malaysia, with potential projects anticipated to achieve a total capacity of 500 megawatts.
Sygnum raises more than $40M in funding led by Azimut Holding
Singapore and Switzerland-based digital asset banking group Sygnum has on Thursday announced that it has raised more than $40 million against an initial $35 million target in an interim close of its latest funding round, which is named the Strategic Growth Round. As of the completion of this interim close the company’s post-money valuation stands at $900…
Malaysia’s TNB partners China’s state-owned utilities to shake up ASEAN power grid with HVDC technology
Malaysian utility firm Tenaga Nasional Berhad (TNB) is spearheading a transformative partnership with China’s state-owned power utilities, aiming to revolutionize the ASEAN power grid (APG) through cutting-edge highvoltage direct current (HVDC) technology.
