On location
GoTo accelerates profitability timeline, with adjusted EBITDA expected to turn positive in 4Q, 2023
PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, has on Friday announced that it has further accelerated its profitability timelines. The firm expects adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to become positive within the fourth quarter of 2023.
Singapore’s Transcelestial gets $10M in funding led by Airbus Ventures
Transcelestial, a Singapore-based wireless startup, has on Friday announced that it has raised $10 million funding. Airbus Ventures led the A2 investment round with participation from Kickstart Ventures, Genesis Alternative Ventures, Wavemaker, Cap Vista and SEEDS Capital.
DBS to apply for crypto licence in Hong Kong – report
When the regulations in Hong Kong are clear, and the bank “understands exactly the framework,” DBS will be one of the lenders interested in participating, said Paredes.
East Ventures launches white paper on genomics with Indonesia’s Ministry of Health
East Ventures, an Indonesia-focused venture capital firm, has on Thursday launched a white paper “Genomics: Leapfrogging into the Indonesian healthcare future”.
Australia’s Loam Bio raises $73M in Series B funding co-led by Lowercarbon Capital and Wollemi Capital
Aussie carbon farming startup Loam Bio has raised AUD 105 million ($73 million) Series B funding round co-led by Lowercarbon Capital and Wollemi Capital.
Arta TechFin partners OSL to create an end-to-end virtual asset financial service ecosystem
Arta TechFin (ARTA), a hybrid fintech platform in both traditional assets and virtual assets, and OSL, the digital asset business division of BC Technology Group, have on Wednesday entered into a strategic partnership to create an end-to-end VA financial service ecosystem.
Australia’s SwarmFarm Robotics raises $8.3M Series A funding led by Emmertech
Australia-based agritech startup SwarmFarm Robotics has on Wednesday announced it has raised a AUD 12 million ($8.3 million USD) Series A funding led by Emmertech, an AgTech fund from Conexus Venture Capital based in Canada.
Vietnam’s Aura Network raises $4M Pre-Series A funding led by Hashed and Coin98
Vietnamese non-fungible token (NFT) platform Aura Network has closed the fundraising round of $4 million, with Hashed and Coin98 Ventures co-leading the round. Following the strategic advisory partnership announcement with Republic Crypto, this is the next committed milestone ahead of its Mainnet launch in the first quarter of 2023.
PPRO extends global cross-border payments infrastructure into South Korea
United Kingdom-based FinTech firm PPRO has extended its infrastructure to the South Korean market through integrating South Korean local cards and Toss Pay, one of the most popular e-wallets in South Korea onto its platform.
Lighthouse Canton partners with Alta on venture debt strategy
Singapore-headquartered global investment firm Lighthouse Canton has partnered with Alta, a Singapore-based digital marketplace for alternative assets, on its new venture debt strategy.
