News
Gobi Partners onboards Malaysian startups Durioo+, Lapasar, Paywatch and pitchIN to the Gobi Superseed II Fund
Gobi Partners, the Pan-Asian venture capital (VC) firm with $1.5 billion in assets under management, has onboarded four more promising Malaysian startups to its Gobi Superseed II Fund (Gobi SSIIFund). The four firms being onboarded are Islamic-themed streaming service Durioo+, e-commerce marketplace Lapasar, earned wage access provider Paywatch and online…
SUSI Partners sets up Southeast Asian renewables platform
Swiss clean energy fund manager SUSI Partners, through its Asia Energy Transition Fund (SAETF), has launched a platform for the development of utility-scale renewable energy assets in the Philippines, Vietnam, Indonesia, Cambodia, and other Southeast Asian markets in partnership with regional developer Pacific Impact.
Taiwan’s WeMo raises $15M from AppWorks to accelerate Southeast Asia expansion
WeMo Corp, a Taiwan-based urban mobility technologies firm, has on Wednesday announced the completion of a US$15 million Series A+ round of financing led by AppWorks, with participation from Taiwan National Development Fund.
US’s Strike partners Pouch.ph to expand lightning-fast money transfers to the Philippines
Strike, the United States-based digital payments platform built on Bitcoin’s Lightning Network, has on Tuesday announced the expansion of its “Send Globally” product to the Philippines. The firm has partnered with Pouch.ph in the Philippines, enabling transfers from U.S. dollars that are received as Philippine pesos in a recipient's bank or mobile money…
Indonesian cybersecurity firm Peris.ai secures funding led by East Ventures
Peris.ai, an Indonesian-based cybersecurity as a service startup, has on Wednesday announced the new funding led by East Ventures, a sector-agnostic venture capital firm in Indonesia. Magic Fund also participated in this funding.
Ayoconnect partners Mastercard to build innovative solutions in bank-account based payments and open finance in Indonesia
Ayoconnect, an Indonesia-based open finance API platform, has on Tuesday announced a strategic partnership with Mastercard to modernize bank account-based payments and co-create open finance solutions in Indonesia.
Malaysia’s Wellous appoints Lee Koon Tan as group president
Wellous Group Limited, a Malaysia-based international nutrition company, has on Tuesday announced key leadership appointments to help further the company’s global expansion and prepare for transitioning to life as a public company. The firm has appointed Lee Koon Tan as the group's president. It has also announced the appointment of Jorrine Ang as chief…
MUFG sets up $100M fund with Danamon in Indonesia
MUFG Innovation Partners Co., Ltd. (MUIP) and MUFG Bank, subsidiaries of Mitsubishi UFJ Financial Group, Inc. (MUFG), have on Tuesday announced that they have established a $100 million fund called the MUFG Innovation Partners Garuda No. 1 Limited Investment Partnership with PT Bank Danamon Indonesia, Tbk (Danamon), a leading commercial bank in Indonesia.
Grab appoints Philipp Kandal as Chief Product Officer
Grab Holdings Limited, the Southeast Asia’s leading superapp, has on Monday announced that it has promoted Philipp Kandal to Chief Product Officer, effective February 1, 2023. Kandal will oversee the product, design and analytics teams and lead the product vision and strategy for Grab.
Indonesia’s EdenFarm raises $13.5M funding led by TMI, AppWorks, AC Ventures
EdenFarm, a food service-focused startup based in Indonesia, has secured $13.5 million in its latest Pre-Series B bridge round led by Telkomsel venture arm Telkomsel Mitra Inovasi (TMI), AppWorks, and AC Ventures. The round was also supported by Decart Ventures, Fubon Capital, Trihill Capital, OCBC NISP Ventura, Nakhla and Capria Ventures.
