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Malaysia’s StoreHub raises $13.5M pre-Series B round led by 500 Global
StoreHub, a Malaysia-based platform that enables restaurants and retailers to automate and grow their business, said Wednesday it has raised $13.5 million in a pre-Series B fundraising round led by 500 Global. The round also saw participation from existing investors Vertex Ventures Southeast Asia & India, OSK and others.
Islamic finance sector sees growth opportunities in crypto and metaverse, says IslamicMarkets.com
New research with leading Islamic finance professionals shows growing acceptance of crypto and digital assets and rising interest in the metaverse. IslamicMarkets.com study found that nearly two out of three (63 percent) of Islamic finance professionals predict the level of adoption of crypto and digital assets in Islamic finance will increase over the next…
Singapore’s #dltledgers raises $6M Series B investment, crossing $70M valuation mark
Singaporean blockchain based multi enterprise supply-chain business network (MESCBN) platform #dltledgers, announced Wednesday that it has raised $8.5 million from its lead investor in a Series B funding round. This strategic round now brings the firm's valuation to well above $100 million, up from $46 million after its Series A round just over a year ago.
Malaysia’s respond.io raises $7M funding led by Headline Asia
Respond.io, a Malaysia-based social to conversational commerce software as a service (SaaS) platform, has closed $7 million in Series A funding. The round was led by Headline Asia with participation from AltaIR Capital, Smart Partnership Capital, Sterling Oak Group & Calendula Ventures.
Singapore’s Cargobase closes growth financing round from Lufthansa Innovation Hub and Trestle Partners
Cargobase, a Singapore-based logistics software firm, said Tuesday it has raised funds from Lufthansa Innovation Hub and Trestle Partners, reinforcing their joint commitment to supply chain tech innovation and digitalisation.
UOB Malaysia partners SJPP to provide $219M in green financing to SMEs
In addition to providing financing, UOB Malaysia will also be collaborating with the Malaysian Research Accelerator for Technology and Innovation (MRANTI) to establish an ESG workshop series to equip SMEs with knowledge and practical insights to embark on their ESG journeys.
Singapore’s Tower Capital Asia collects $379M in maiden fundraise
Singapore-based private equity firm Tower Capital Asia has on Tuesday concluded the final closing of its maiden blind-pool private equity vehicle, TOWER CAPITAL PE FUND I, LP. A total of $379 million has been raised from pre-eminent institutional investors and family offices globally, surpassing the Firm’s original target of $300 million.
Allianz Malaysia joins Gobi Partners’ Malaysia-focused SuperSeed II Fund
Pan-Asian venture capital (VC) firm Gobi Partners announced Tuesday the closing of its $10 million Gobi SuperSeed II (Gobi SSII) Fund following the participation of Allianz Malaysia Berhad (Allianz Malaysia) as a Limited Partner (LP).
Carro expands to Japan through partnership with Softbank
Singapore-based used car marketplace Carro on Tuesday announced its expansion into Japan through a joint venture with SoftBank Corporation (SoftBank). As part of its entry, CARRO JAPAN Co., Ltd. (CARRO JAPAN) aims to introduce its full suite of services, such as subscription-based services and car leasing.
China’s Weixin Pay offers digital payment to nearly 10,000 hawkers in Singapore
Weixin Pay, the mobile payment function of Tencent's popular social platform Weixin, has increased access for Weixin Pay travellers exploring Singapore to the nation’s unique hawker culture, offering them the ease of payment to nearly 10,000 hawker stalls across the country.
