News

With the latest investment, Xendit plans to continue innovating its product suite, with sights on expansion into select countries across Southeast Asia.

Lever VC is also actively speaking with investors interested in Lever VC Fund II, which will begin raising early next year.

In Malaysia and Singapore, merchants who opted for Atome’s BNPL experienced an average 17 percent increase in their ticket order size.

By bridging the funding gap, MaGIC and Penjana Kapital aspire to reorient private capital for innovative start-ups, attract global and regional VCs into Malaysia, as well as elevate knowledge transfer, talent development and creation in Malaysia ecosystem.

M&A targeting technology companies hit a record high in Asia-Pacific with tech, advanced manufacturing and mobility sectors topped regional deal activity.

The WorldBook combines the orderbooks of all connected exchanges to create a unified orderbook that enables multilateral liquidity flow.

The development came after Singapore unveiled new rules for blank-cheque vehicles.

Carsome plans to introduce auto-financing for graduates in Indonesia and Thailand, as it targets a loan size of at least MYR 100M ($24.17M) for its auto-financing business in 2022.

The funding will be deployed to create an all-encompassing community-like shopping experience for the hobbyists.

Southeast Asia’s startup ecosystem saw $1.2 billion in exit value thus far this year, compared to $2 billion seen throughout the whole of 2020, according to Vertex Ventures Southeast Asia and India managing partner Ben Mathias.