News
Malaysia’s CapBay achieves profitability last year, celebrates $220M milestone in P2P financing
CapBay said it has achieved a significant milestone by providing over MYR1 billion ($220.91 million) in funding to more than 400 underserved small and medium enterprises (SMEs) in Malaysia. This is the result of successful financing through 7,600 investment notes, underscoring CapBay's commitment to empowering SMEs and offering attractive investment…
FinTech investments in ASEAN soars to $4.3B in the first nine months of 2022, says report
FinTech investments in ASEAN clocked in at $4.3 billion in the first nine months of 2022 — higher than the combined sum from 2018 to 2020, said a report Friday. According to the report released by professional services firm PwC Singapore, the Singapore Fintech Association (SFA) and Singapore Economic Development Board (EDB), with emerging economies, an…
Cybersecurity funding falls 63 percent in second quarter, says Crunchbase
Venture funding for cybersecurity dropped to just slightly more than $1.6 billion in the just completed second quarter — a 63 percent drop from the same quarter last year when startups saw nearly $4.3 billion, Crunchbase said on Tuesday.
AC Ventures, BCG see potential value of up to $400B for green growth economy in Indonesia
The value of Indonesia’s green growth opportunity is at $400 billion, combining industry revenue and carbon offset potential, said AC Ventures (ACV) and Boston Consulting Group (BCG) on Thursday. The green growth in Indonesia involves three key focus areas – strategy and professional services (a $46 billion potential market by 2030), solutions that optimize…
Indian SaaSOps platform Zluri raises $20M in funding round led by Lightspeed
Indian software as a service (SaaS) operations(SaaSOps) platform Zluri has on Thursday announcing a $20 million funding round. The Series B funding round was led by Lightspeed, with participation from existing investors including MassMutual Ventures, Endiya Partners and Kalaari Capital.
Asia startup funding falls 50 percent in first half as late stage continues decline, says Crunchbase
Funding to startups in Asia in the first half of 2023 dropped 50 percent from the previous year — spurred on by fewer large, late rounds, and mirroring the global venture market, Crunchbase said Thursday.
Malaysia PM Anwar Ibrahim discusses Starlink satellite service with Elon Musk
"We also discussed the participation of SpaceX in the Starlink satellite service, which can contribute to faster and broader internet access, especially in remote areas that require minimal physical infrastructure and land to improve global internet connectivity," Anwar said.
Home loans and online loans are the most popular in SEA, says Robocash
Home loans and online loans are the most popular in Southeast Asia, Robocash Group said on Thursday. Based on search requests related to lending, housing loans make up 46 percent of all queries over the past 12 months. The second place by popularity is taken by online loans (30 percent).
Total funding into SEA tech startups falls 71 percent year on year to $2.3B in first half, says Tracxn
Total funding into Southeast Asia (SEA) tech startups fell 71 percent to $2.3 billion in the first half of 2023, from $8 billion a year ago, said Tracxn Technologies Ltd on Thursday. The total funding in the first half is also 45 percent lower than $4.3 billion raised in the second half of 2022.
Elon Musk announces new AI company, xAI
"The goal of xAI is to understand the true nature of the universe. You can meet the team and ask us questions during a Twitter Spaces chat on Friday, July 14," the company said.
