News

Singapore’s Endowus raises additional $17.5M, bringing latest fundraising round to over $50M

Singapore-based digital wealth advisory platform Endowus has announced an additional raise of $17.5 million follows from their $35 million raise last year to take the total for this round to $52.5 million.

Vietnam and Laos launch framework for local currency settlement and cross-border QR code payment connectivity

Vietnam and Laos have launched a framework for local currency settlement and cross-border QR code payment connectivity, the State Bank of Vietnam (SBV) and the Bank of the Lao P.D.R. (BOL) said on Friday.

Singapore’s August Global Partners invests in Vietnam’s Gene Solutions

Singapore-headquartered healthcare investor August Global Partners (AGP) is investing in Vietnam=based genomic testing company Gene Solutions (GS) through a proprietary funding round.

Malaysia Digital Economy Corporation launches metaverse platform

The Malaysia Digital Economy Corporation (MDEC) has on Thursday announced the public launch of the IP360 Metaverse Platform, an initiative in digital innovation and cultural preservation.

Hong Kong’s Reap receives in-principle approval for MPI license from MAS

Reap, a Hong Kong-based payment technology provider, announced Friday that it has received an in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for its application of the major payment institution (MPI) license for its Singapore entity, Reap Singapore.

Hong Kong’s Varadise secures $3M in Series A funding round led by Betatron

Hong Kong-born construction tech company Varadise Limited has secured $3 million in a Series A funding round led by Betatron Venture Group.

China’s XTransfer receives license to provide payment services in Singapore

XTransfer, a China-based business to business (B2B) cross-border trade payment platform, was granted the major payment institution (MPI) license by the Monetary Authority of Singapore (MAS) to offer payment services in the country.

Salesforce: 87 percent of SMBs in Singapore with AI report growth in revenue

87 percent of small and medium-sized businesses (SMBs) in Singapore with artificial intelligence (AI) report growth in revenue, a survey from Salesforce revealed on Thursday.

Analysts see US AI chip export curbs has limited impacts on Malaysia’s tech space

The United States artificial intelligence (AI) chip export curbs has limited impacts on Malaysia’s technology space, Malaysian analysts said Friday.

Largest Philippine fintech company GCash said to pick banks for IPO – report

GCash has selected JPMorgan Chase & Co, Morgan Stanley and UBS Group AG to work on the potential share sale, the people reportedly said. Other banks that may also help to arrange a deal.