News
IMDA launches $3.7 million fund to support Singapore’s media industry to adopt virtual production
To ensure that the local media industry remains competitive as the international partner of choice to create premium IP, the Infocomm Media Development Authority (IMDA) in Singapore has announced the launch of a $5 million Virtual Production Innovation Fund to support the local media industry to develop capabilities needed to harness virtual production…
MIDA, CREST team up with Dassault Systèmes to enhance cloud-based collaboration for SME
Malaysian Investment Development Authority (MIDA) and Collaborative Research in Engineering, Science and Technology Centre (CREST) have partnered with French software company Dassault Systèmes to build Malaysia’s small and medium-sized enterprise (SME) Industry 4.0 Readiness.
Wealthcare app Hugosave acquires Visa Principal Member Issuing Licence in Singapore
Singapore-based wealthcare and savings app Hugosave officially announced on Tuesday that it has become a Visa Principal Member Issuing Licensee under its parent company, Atlas Consolidated Pte Ltd. As a principal licence holder, Hugosave will now be able to issue Visa cards directly, as well as sponsor associate licences under Visa,
Vietnam’s EV maker VinFast files for US IPO
VinFast intends to list its ordinary shares on the Nasdaq Global Select Market under the symbol “VFS”.
Animoca Brands acquires majority stake in music metaverse company PIXELYNX
Animoca Brands Corporation Limited, the Hong Kong-based company advancing digital property rights for gaming and the open metaverse, has taken a majority stake in Pixelynx, Inc. through its controlled subsidiary. Both parties will focus on developing new formats of music consumption that can be scaled across the metaverse to unlock new revenue…
Australian entrepreneur Monique Conheady joins Wavemaker Impact as its Venture Partner in Australia
Wavemaker Impact, a Singapore-based climate tech venture builder, announced on Wednesday that Monique Conheady has joined as its new Venture Partner for Australia and New Zealand. With Monique leading its efforts in Australia and New Zealand, Wavemaker Impact intends to launch its first venture in the region next year.
ADDX fractionalizes venture debt fund by Innoven Capital
Singapore-based private market exchange ADDX has fractionalised a venture debt fund by Innoven Capital, a joint venture between Seviora Holdings (a wholly owned subsidiary of Temasek Holdings) and UOB, bringing down the minimum subscription size for individual accredited investors to $20,000, from $5 million.
Singapore’s Haulio acquires Indonesian logistics technology firm Logol
Haulio, Singapore’s largest and Southeast Asia’s fastest growing digital haulier, announced Tuesday that the company will be securing its first overseas acquisition with a controlling stake in Logol, a Jakarta-based logistics-focused technology platform.
Indonesia’s Fairatmos raises $4.5M seed round led by Go-Ventures and Kreasi Terbarukan TBS
Fairatmos, an Indonesia-based carbon technology platform, has raised $4.5 million in its seed round, led by Go-Ventures and Kreasi Terbarukan TBS, the investment arm of one of Indonesia’s leading integrated energy companies, Toba Bara Sejahtera. The round also saw participation from Vertex Ventures Southeast Asia and India and prominent angel investors.
Airwallex aims to accelerate growth in APAC with new Chief Revenue Officer and APAC GM
Australia-based global fintech platform Airwallex has on Tuesday announced that Kai Wu has been jointly appointed as the company’s Chief Revenue Officer (CRO) and Asia-Pacific General Manager (APAC GM). Kai has held a number of senior positions at Airwallex for close to five years, including as Chief Financial Officer and Greater China Chief Executive…
