News
VinFast remains in the red in Q2 despite higher revenue
Vietnamese electric vehicles (EV) maker VinFast has remained in the red despite increased revenue in the second quarter ended June 30, 2025.
Proton launches first EV assembly plant in Malaysia with 20,000 annual capacity
Automaker Proton has launched the first assembly plant exclusive for electric vehicle (EV) production in Malaysia at Proton Tanjung Malim.
Thai-founded LineWise raises $1.1M in Pre-Seed funding from Y Combinator, A2D Ventures
LineWise (YC X25), the Thai-founded artificial intelligence (AI)-powered virtual engineer for manufacturers, has raised $1.1 million in pre-seed funding from A2D Ventures, Y Combinator, Exitfund, REMUS Capital, SBXi Fund, and Team Ignite Ventures.
Ant International’s Antom debuts agentic payment solution
Antom, a merchant payment and digitization services provider under Ant International, announced Thursday the launch of an agentic payment solution, featuring a first-of-its-kind secure APM checkout solution.
PropertyGuru appoints Lu Yao as Managing Director for Singapore
PropertyGuru Group, the Singapore-based property technology company, announced Thursday the appointment of Lu Yao as Managing Director, effective September 15.
Airwallex expands to billing businesses via OpenPay acquisition
Airwallex, a global financial platform for modern businesses, announced Wednesday the acquisition of OpenPay, a San Francisco-based billing platform that offers subscription management, payment orchestration, and revenue analytics.
Singapore’s RushOwl raises $10M in Series A funding led by Gobi Partners
RushOwl, a Singapore-based ride-sharing platform that reduces carbon emissions with its proprietary artificial intelligence (AI)-based technology, has raised $10 million in Series A funding led by Gobi Partners, a pan-Asian venture capital firm.
FinTech giant Stripe banks on stablecoin & AI for APAC growth [interview]
Headquartered in San Francisco and Dublin, Stripe processes over $1.4 trillion of payments annually, equivalent to 1.3 percent of global GDP. Stripe users include half of the Fortune 100, 80 percent of the Forbes Cloud 100 and 78 percent of the Forbes AI 50.
StraitsX partners TBCASoft for multi-currency, stablecoin-driven cross-border payments
StraitsX, a licensed Major Payment Institution (MPI) based out of Singapore and issuer of the XSGD and XUSD stablecoins, has announced a strategic memorandum of understanding (MOU) with TBCASoft, the U.S.-based on-chain finance innovator and the creator of the HIVEX® Network.
Thunes, Ripple expand global partnership to boost cross-border payments
Thunes, the Singapore-based payment firm, and Ripple, the US digital asset infrastructure for financial institutions, have announced an expanded partnership to boost cross-border payments globally.
