News

Switzerland-based venture capital firm Tenity has on Tuesday announced that it has become the first program partner of the XRP Ledger (XRPL) Accelerator in Asia Pacific with the launch of a Singapore-based cohort.

Ruangguru, an Indonesia-based education technology company, has completed the acquisition of Mclass, an online learning platform in Vietnam that offers live teaching solutions to students. The acquisition is Ruangguru's strategic move to expand its reach and increase its capabilities in the region.

Global payment firm Mastercard has on Tuesday opened its new office and launch of its data and services (D&S) hub in Kuala Lumpur, which will serve clients across the Asia Pacific region with a suite of offerings beyond transactions.

Animoca Brands, the Hong Kong-based company gaming firm, has partnered with stc play, a Saudi Arabia's gaming platform, to collaborate on publishing video games in Middle East and North Africa (MENA), through stc play platform and other distribution channels.

SquareX, a Singapore-based cybersecurity startup, announced Wednesday it has raised $6 million in a seed round led by Sequoia Capital Southeast Asia. SquareX will use the funds raised on research and development (R&D)-engineering and go-to-market.

Allrites Holdings Pte. Ltd., a Singapore-based film and television content rights marketplace, is expected to be listed on the Nasdaq Global Market after merging with United States-listed blank check company Aura FAT Projects Acquisition Corp (AFAR).

Stripe, a United States-based financial infrastructure platform for businesses, has on Monday announced a partnership with messaging service WhatsApp, that allows Singapore businesses to accept payments directly in WhatsApp chats.

Japanese bank Sumitomo Mitsui Banking Corporation (SMBC) has co-founded the corporate venture capital fund “SMBC Asia Rising Fund” (CVC) with Tokyo-based venture capital firm Incubate Fund (IF) in the Singapore for the purpose of accelerating business development and partnerships through investments in high potential Asian start-ups.

City University of Hong Kong has on Monday launched the first ever HK Tech 300 Southeast Asia Start-up Competition (HK Tech 300 SEA Competition) in Kuala Lumpur, Malaysia, extending the highly anticipated innovation and entrepreneurship program to Southeast Asia to foster start-ups and innovation and technology development in the region.

Malaysian lenders CIMB Bank Berhad and CIMB Islamic Bank Berhad (collectively CIMB) have on Monday introduced its suite of electric vehicle (EV) financial solutions in Malaysia to drive the adoption of EVs in Malaysia.