News
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.
Consumers in Asia are turning to their mobiles to boost leisure pursuits : Telenor Asia study
People across Asia are increasingly switching downtime pursuits into ‘up-time’ opportunities, according to a study into people’s Digital Lives by Telenor Asia.
CMC Markets gets approval to launch investment platform in Singapore
United Kingdom-listed CMC Markets Plc, a global online financial trading firm, has on Tuesday announced that its Singapore subsidiary entity, CMC Markets Singapore Invest Pte. Ltd. (CSMI), has received a regulatory in-principle approval from the Monetary Authority of Singapore (MAS) for a capital markets services licence (CMSL) to offer online and mobile…
China’s JD.com to shut e-commerce sites in Indonesia, Thailand – report
JD.com is China’s largest online retailer and its biggest overall retailer, as well as the country’s biggest Internet company by revenue.
