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Hong Kong’s Aigens secures $14M Series A funding led by Ant Group and others
Aigens, the Hong Kong-based food and beverage (F&B) industry innovator bringing omni-channel ordering solutions to Asia, announced Monday it has raised over $14 million Series A funding as it looks to accelerate its expansion across asia pacific (APAC) and help more restaurants digitalize and enhance their competitiveness.
Vietnam’s VinFast opens first two stores in Europe
Vietnamese automotive firm VinFast has officially opened its first two VinFast Stores in Cologne, Germany and Paris, France. The event marked a starting point for VinFast in its European retail store network, affirming VinFast’s strong commitment to driving the revolution of sustainable mobility.
Tonik acquires TendoPay to enter employee benefits market
Tonik Financial Pte. Ltd. (Tonik), the parent company of Tonik Digital Bank, Inc. in the Philippines, has entered into a landmark agreement with Tendo Payment Solutions Pte. Ltd. (Tendo) to acquire its Philippine business, operating under the brand name "TendoPay". This deal is set to further cement its leading position in digital credit inclusion in the…
India’s Prismforce raises $13.6M Series A funding led by Sequoia Capital India
Prismforce, an India-based vertical software as a service (SaaS) firm announced Tuesday that it has raised Series A funding of $13.6 million led by Sequoia Capital India along with a select set of global angel investors. Prior to this, a year ago, Prismforce had raised $1.8 million in seed funding from select industry thought leaders, serial entrepreneurs…
Securities Commission Malaysia revises venture capital and private equity framework
The Securities Commission Malaysia (SC) has enhanced its guidelines on the registration of venture capital (VC) and private equity (PE) corporations and management corporations (VC/PE Guidelines). The revisions took effect on November 28.
87 percent of Malaysia consumers want a better online experience from banking services providers, a survey shows
Confidence in digital banking is rising in Malaysia but consumers want a better online experience and more personalized offerings, according to the new Asia-Pacific focused Bank of the future survey revealed on Friday from Capco, the global technology and management consultancy.
Al Rajhi Bank Malaysia launches digital bank
Al Rajhi Bank Malaysia (ARBM) has taken a big step forward for financial services in Malaysia with the launch of Rize, a first-of-its-kind digital bank. Rize is built with state-of-the-art technology to provide a reimagined, end-to-end digital banking experience for its customers.
2C2P and Pine Labs to expand BNPL acceptance in Southeast Asia
Singapore-based payments platform 2C2P and merchant commerce omnichannel platform Pine Labs have partnered to expand Buy Now Pay Later (BNPL) across Asia in six key markets, namely Singapore, Malaysia, Hong Kong, Indonesia, the Philippines and Thailand.
Fitch Solutions sees passenger EV sales in Malaysia to expand rapidly in 2023
Fitch Solutions, a Fitch Group unit, said Thursday that it expects passenger electric vehicle (EV) sales in Malaysia to expand rapidly in 2023, albeit from a low base due to the introduction of incentives to boost adoption.The research house forecasts passenger EV sales in Malaysia to increase by 45.6 percent in 2023 to reach an annual sales volume of…
