News
Hong Kong’s Pickupp expands Malaysian footprint with first regional hub in Penang
The announcement follows its parent company, Pickupp Ltd’s recent $15 million Series A and Series A+ financing.
Singapore caregiving platform Homage raises $20M Series C round led by Sheares Healthcare Group
The oversubscribed round makes it one of the largest financing rounds raised by an on-demand care platform in Southeast Asia and the Oceania region and brings Homage’s total funding to exceed $45 million.
Grab-Euromonitor report: Southeast Asia online food delivery spend to hit $28B in 2025
Growth is expected to be fastest in emerging markets such as Myanmar, Vietnam and the Philippines, with the total regional online food delivery Gross Merchandise Value (GMV) to more than triple from $9 billion in 2020 to $28 billion in 2025.
Vietnam healthcare marketplace Thuocsi.vn raises $9M in Series A funding round led by Smilegate Investment
The fresh funds will be used to grow its distribution network both in Vietnam and in other parts of Southeast Asia.
Vietnam merchant platform KiotViet raises $45M in Series B funding round led by KKR
KKR is making its investment in KiotViet from its Asian private equity fund.
NZ student wellbeing platform Komodo raises $1.28M Seed round to focus on ensuring mental wellbeing amid the pandemic
Komodo is a wrap-around software solution that leverages data and insights gleaned from psychologist-built surveys to help schools identify at-risk students and mitigate the impact of common issues such as harassment, cyberbullying, and depression at the onset, before developing into crises.
Singapore Exchange introduces SPAC listing framework
SGX said it will work with the Securities Investors Association (Singapore) to increase retail investors’ understanding of SPACs through collaborative efforts including the conduct of educational programs.
Central banks of Australia, Malaysia, Singapore, South Africa to test central bank digital currencies for international settlements
Led by BIS Innovation Hub’s Singapore Centre, the project, dubbed Project Dunbar, aims to develop prototype shared platforms for cross-border transactions using multiple CBDCs.
ADDX, ICHAM ink $200M agreement linked to China government-granted quota for offshore investments
ADDX has reached an agreement with the Singapore-regulated wealth and fund management company ICHAM, which has received a $200 million allocation as part of the Chongqing government’s overall $5 billion QDLP quota. ADDX will be the primary venue for investments from the ICHAM fund in China authorized to raise capital from Chinese institutions and…
Airwallex secures money services business license in Malaysia, now positioned for growth in Southeast Asia
From early next year, businesses in Malaysia can enjoy "fast, transparent and cost-effective" international payments in multiple currencies, empowering them to operate and grow globally.
