News
New Zealand’s NZ Super Fund commits up to $70M to Movac’s tech fund
New Zealand's sovereign wealth fund the New Zealand Super Fund (NZSF) will commit up to $70 million to a fund looking to invest in fast-growing, established New Zealand technology companies with the potential to scale to more than $100 million in revenue.
Singapore’s Carousell Group cuts 10% of total headcount, Co-Founder says ‘deeply sorry’
Quek announced several initiatives and arrangements for the impacted regular employees which include monetary compensation, tools for job search, extended medical benefits and insurance coverage, among others.
Airwallex partners with Agoda to support Hong Kong business travelers
With the surging demand of international business travel, global fintech platform Airwallex is partnering with global digital travel platform Agoda, to make travel planning easier for Hong Kong small and medium-sized enterprises (SMEs) and startups.
Hong Kong’s Aigens secures $14M Series A funding led by Ant Group and others
Aigens, the Hong Kong-based food and beverage (F&B) industry innovator bringing omni-channel ordering solutions to Asia, announced Monday it has raised over $14 million Series A funding as it looks to accelerate its expansion across asia pacific (APAC) and help more restaurants digitalize and enhance their competitiveness.
Vietnam’s VinFast opens first two stores in Europe
Vietnamese automotive firm VinFast has officially opened its first two VinFast Stores in Cologne, Germany and Paris, France. The event marked a starting point for VinFast in its European retail store network, affirming VinFast’s strong commitment to driving the revolution of sustainable mobility.
Tonik acquires TendoPay to enter employee benefits market
Tonik Financial Pte. Ltd. (Tonik), the parent company of Tonik Digital Bank, Inc. in the Philippines, has entered into a landmark agreement with Tendo Payment Solutions Pte. Ltd. (Tendo) to acquire its Philippine business, operating under the brand name "TendoPay". This deal is set to further cement its leading position in digital credit inclusion in the…
India’s Prismforce raises $13.6M Series A funding led by Sequoia Capital India
Prismforce, an India-based vertical software as a service (SaaS) firm announced Tuesday that it has raised Series A funding of $13.6 million led by Sequoia Capital India along with a select set of global angel investors. Prior to this, a year ago, Prismforce had raised $1.8 million in seed funding from select industry thought leaders, serial entrepreneurs…
Securities Commission Malaysia revises venture capital and private equity framework
The Securities Commission Malaysia (SC) has enhanced its guidelines on the registration of venture capital (VC) and private equity (PE) corporations and management corporations (VC/PE Guidelines). The revisions took effect on November 28.
87 percent of Malaysia consumers want a better online experience from banking services providers, a survey shows
Confidence in digital banking is rising in Malaysia but consumers want a better online experience and more personalized offerings, according to the new Asia-Pacific focused Bank of the future survey revealed on Friday from Capco, the global technology and management consultancy.
Al Rajhi Bank Malaysia launches digital bank
Al Rajhi Bank Malaysia (ARBM) has taken a big step forward for financial services in Malaysia with the launch of Rize, a first-of-its-kind digital bank. Rize is built with state-of-the-art technology to provide a reimagined, end-to-end digital banking experience for its customers.
