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Indonesian startup Mimin expands Generative AI services to Malaysia and Singapore
Mimin, the Indonesian platform enabler revolutionizing customer service through artificial intelligence (AI)-driven chat, has announced its expansion into Malaysia and Singapore.
Empowering excellence: Women at the forefront of cyber resilience
The #cybersecurity industry has historically been characterized as a male-dominated field. This industry has seen a great scarcity of women forging a career within its ranks. In 2021, women made up just 24 percent of the global cybersecurity workforce, despite an industry shortfall of over 3 million professionals. But the landscape is gradually changing.…
Malaysia’s Vircle receives venture capital injection from Kumpulan Modal Perdana, Gobi Partners
Vircle, a Malaysian neobanking service provider, has successfully secured venture capital (VC) funding for its seed round from co-lead investors Kumpulan Modal Perdana (KMP), a government-owned tech-focused VC, and Gobi Partners (Gobi), an Asia-focused VC firm.
India’s Aequs raises $54M in funding round led by Singapore-based Amansa Capital
Precision manufacturing company Aequs Pvt. Ltd., has raised $54 million in a fresh round of equity funding led by Singapore-based Amansa Capital, which brings on board five new investors. Apart from Amansa, the current round includes global investment firm Steadview Capital, Catamaran, the family office of Infosys founder N. R, Narayana Murthy, Sparta Group…
SHEIN acquires British women fashion brand Missguided
SHEIN, a Singapore-based online fashion and lifestyle retailer, has announced the acquisition of Missguided, a British women's fashion brand, from Frasers Group. The acquisition furthers the company's efforts to meet customer demand for product variety and consistently deliver an exciting customer experience.
Fusang Exchange tokenizes and lists digital sukuk backed by IILM
Fusang Exchange, a Malaysia-based digital stock exchange operator, has on Monday announced the successful tokenization and listing of a digital sukuk representing the corresponding underlying sukuk issued by the International Islamic Liquidity Management Corporation (IILM).
Indonesia’s GoTo reports significant drop in third quarter losses
PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, on Monday announced that the firm has reported significant drop in third quarter losses, driven by improved monetization and disciplined management of operating expenses. The firm reported adjusted losses before interest, taxes, depreciation and amortization 942 billion rupiah…
Singapore’s REDEX raises $10M in Series A funding led by Aramco Ventures
REDEX, a Singapore-based renewable energy certificates (RECs) solutions provider, announced Tuesday the successful completion of a $10 million Series A funding round. Aramco Ventures led the investment, along with notable new investors from the Middle East, Southeast Asia, and Japan.
Saudi Arabia’s NEOM Investment Fund invests $50M in Hong Kong’s Animoca Brands
Saudi Arabia-based NEOM Investment Fund will invest $50 million in Hong Kong-based gaming firm Animoca Brands. Animoca Brands has entered into a strategic partnership memorandum of understanding with NEOM Investment Fund to drive regional Web3 initiatives in line with the Saudi Vision 2030 plan.
Malaysia’s PNB, EPF, KWAP co-invest in high-tech industrial asset Kulim II for $420M
Malaysian funds Permodalan Nasional Berhad (PNB), the Employees Provident Fund (EPF), and Kumpulan Wang Persaraan (Diperbadankan) (KWAP) have signed a sale and leaseback transaction agreement valued at MYR2 billion ($420 million) with OSRAM Opto Semiconductors Sdn Bhd, a wholly-owned domestic subsidiary of Austria-based intelligent sensors and emitters…
