News
Malaysia’s e-payments transactions continue to rise in 2024
Malaysian Central Bank said Monday that Malaysia is well on track to achieve the Financial Sector Blueprint 2022–2026 target of over 15 percent compounded annual growth in the average e-payment transactions per capita as e-payments transactions continue to rise in 2024.
Malaysian Central Bank explores asset tokenization while monitoring crypto risks
Malaysia's Central Bank said Monday that it will explore asset tokenization while monitoring crypto risks.
Selangor state government launches AI initiative with Google Cloud
The State Government of Selangor, through Selangor Technical Skills Development Center (STDC) and Google Cloud, have announced the launch of Teraju AI Selangor, a joint initiative to help state government agencies in Selangor build and implement custom artificial intelligence (AI) solutions that address real-world challenges to benefit citizens and…
SenangPay partners with Pine Labs to launch instalment payment plan for Malaysian businesses
SenangPay, a Malaysian payment gateway, has partnered with Pine Labs, an India-based fintech firm, to introduce instalment payment plans (IPP) to local businesses through a single integration.
Vietnam’s Stride secures series A equity from UOB Venture Management, Clime Capital, Touchstone Partners
Stride, a Vietnam-based solar firm, announced Monday that it has secured series A equity from new investor UOB Venture Management and existing investors Clime Capital and Touchstone Partners.
GoTo collaborates with Google Maps to boost mapping experience
Indonesia-based digital ecosystem PT GoTo Gojek Tokopedia Tbk (GoTo) has on Monday announced a strategic collaboration between its on-demand services unit Gojek and Google Maps, that will significantly enhance the mapping experience for its consumers, driver-partners, and merchants.
Maybank expects efficiency gains to accelerate Goto’s profitability
Maybank Investment Bank expects efficiency gains to accelerate the path to profitability of PT GoTo Gojek Tokopedia Tbk (GoTo), and it projects the firm's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of IDR 1.5 trillion in FY25.
Malaysia’s Versa raises $6.79M in Series A funding round led by AHAM Capital
Versa, a Malaysia-based wealth management platform, has completed its Series A funding round led by AHAM Asset Management Berhad (AHAM Capital).
East Ventures-backed Fore Coffee plans IPO for business expansion
PT Fore Kopi Indonesia Tbk (Fore Coffee), a premium affordable Indonesian coffee chain, has on Friday announced its plan to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX).
Vertex Ventures Japan completes first close of $66.95M fund
Vertex Ventures Japan (VVJ) has announced the completion of the first closing of its inaugural fund, Vertex Ventures Japan Fund I (VVJFI), targeting JPY 10 billion ($66.95 million).
