On location

FundPark, a Hong Kong-based fintech company, has closed an asset-backed securitization (ABS) facility of up to $250 million, of which HSBC will provide up to $200 million as the senior lender.

Malaysian information technology (IT) services firm Systech Bhd has partnered industrial-grade servers and storage solutions provider EH Integrated Systems Sdn. Bhd. (EISSB) to develop and operate data centers.

Malaysian digital media firm Catcha Digital Berhad, via its subsidiary, has entered into a joint venture agreement with Khairy Jamaluddin (KJ) and Shahril Hamdan (Shahril), the founders of Keluar Sekejap Sdn Bhd (Keluar Sekejap) to co-found and form a new disruptive digital media business, KS Lagi.

Solarvest, Malaysia’s clean energy firm, has announced a strategic collaboration with GreenRock Energy, a Taiwanese renewable energy player, to accelerate the development of green energy solutions in both Taiwan and Malaysia.

This landmark collaboration between the diplomatic mission of the world’s largest trading bloc and one of Southeast Asia’s leading conglomerates marks another significant milestone in both entities’ commitment towards a net zero future.

Food Empire Holdings, a Singapore-based multinational food and beverage manufacturing and distribution group, has secured $40 million from private equity fund Ikhlas Capital Singapore Pte. Ltd.

Axrail, an artificial intelligence (AI) subsidiary of Malaysian integrated agro-based business group QL Resources Berhad, has opened a generative AI (Gen AI) lab in Malaysia and Southeast Asia showcasing cloud and edge solutions, to support the growing demand for AI solutions and the nation’s digital economy aspirations.

Malaysia-based earned-wage access (EWA) service provider Paywatch has raised $30 million in funding from a mix of equity and credit facilities to supercharge its growth.

Okapi Technologies, a Malaysia-based climate fintech startup in the solar financing space, announced Monday the successful closure of its funding round and official launch in Malaysia, starting with the residential solar sector.

The panelists, from corporate venture capital, venture capital firm and venture builder, shared their views on the criteria and support needed to build a conducive tech ecosystem.