News
Vietnam’s Loship raises $12M in pre-Series C funding led by BAce Capital, Sun Hung Kai & Co
Loship marks a Vietnam foray for both of the lead investors BAce Capital and SHK & Co, as part of their strategies to capture the emerging market opportunities in Southeast Asia.
Indonesia’s Traveloka in talks to raise up to $400M for SPAC deal – report
The fundraising, a so-called private investment in public equity (PIPE), would be part of a deal to merge the online travel startup with Bridgetown Holdings Ltd as soon as this year.
Singapore FoodTech startup Hoow Foods raises $2.22M pre-Series A, launches new plant-based subsidiary Hegg Foods
The company is currently planning its pilot-scale production and is working on plans to commercialize HEGG by the first half of 2022.
BigPay banks on AirAsia’s ecosystem, consortium’s banking expertise to vie for digital banking license in Malaysia [Q&A]
In the interview, Dhanani also shared BigPay’s plans and strategy on how to serve the “underserved and unserved” segment in Malaysia.
Guschcloud International launches celebrity NFT collection in partnership with Robin8 and ToKAU Japan
Gushcloud International has announced that it has teamed up with AI-powered influencer platform Robin8, as well as global NFT platform ToKAU Japan to create NFT collectibles, in an effort to bring celebrities and influencers closer to their fans.
Malaysia’s Axiata eyes 66% stake in Indonesia’s Link Net
The group and its 66.48 percent subsidiary, PT XL Axiata Tbk, has entered a non-binding term sheet with Asia Link Dewa Pte Ltd and PT First Media Tbk to facilitate discussions and negotiations for a potential acquisition of 1.82 billion shares or 66.03 percent stake in Link Net.
SME lending FinTech Validus reports breaching the billion-dollar (SGD) lending mark
The platform connects growing SMEs to accredited and institutional investors for fast, secure, collateral-free financing. Its differentiator lies in its strong origination channels, which involve partnership-led strategy and bank channels. It counts large corporations and government-linked companies such as ST Engineering, YTL PowerSeraya, and Siemens as…
Temasek, DBS jointly launch $500M debt financing platform for Asia’s growth stage tech firms
Headquartered in Singapore, EvolutionX will provide non-dilutive financing to growth stage technology-enabled companies across Asia, with a focus on China, India, and Southeast Asia.
Animoca Brands acquires indie game developer Blowfish Studios
The current management of Blowfish will continue to operate the company after the acquisition.
