News

Kini, an Indonesian on-demand payroll provider, said Thursday it has raised $4.3 million of seed funding led by East Ventures, with participation from other investors. The firm will allocate the fresh funds to continue building out its HR-Fintech product suite, and invest in expanding enterprise partnerships and HR tech providers to power their HR-fintech…

The Asian Development Bank (ADB) and the Government of the United Kingdom (UK) have signed a memorandum of understanding to develop a £107 million ($134 million) trust fund to support efforts by Association of Southeast Asian Nations (ASEAN) countries to scale up green financing and shift to low-emission, climate-resilient development.

PAG, a Hong Kong-based Asia Pacific (APAC)-focused alternative investment firm, announced Wednesday the launch of PAG Renewables, a wholly owned company with the mandate to develop, build, operate, and invest in renewable energy in Asia. The fund is expected to invest over $1 billion through the platform over the next several years.

VinFast, through a company in Vingroup, announced Wednesday an investment in the tens of millions of US dollars in ProLogium, a global leading manufacturer in next-generation solid-state battery. It also entered into a memorandum of understanding with ProLogium setting out strategic cooperation arrangements to secure next-generation solid-state battery…

Sleek.com, a leading technology company providing incorporation and accounting services for entrepreneurs, SMEs, and investors has announced on Wednesday that it has been granted a Major Payment Institution License (“MPI”) issued by the Monetary Authority of Singapore (“MAS”), effective from 1 July 2022.

ESR Group Limited (“ESR” or the “Group”; SEHK Stock Code: 1821), APAC’s largest real asset manager, announced on Wednesday the upsize of its second development joint venture (“ESR-KS II” or the “Joint Venture”) in Korea with APG and Canada Pension Plan Investment Board (“CPP Investments”).

McEasy, a startup that provides Software-as-a-Service digital solutions for logistics operators and vehicle tracking, has raised $6.5 million (approximately IDR 97 billion) Series A investment round led by East Ventures.

watchTowr will use the additional funds to continue enhancing the technology that underpins its proprietary platform and to seize growth opportunities that are arising from markets outside of Southeast Asia.

Scheurmann is a recognized expert on topics such as the digital economy, cybersecurity, AI, and cloud technology. He has taught at the National University of Singapore (NUS) Business School and regularly speaks at industry events.