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Ant Group introduces ten Asian e-wallets to China to boost cross-border mobile payment
Chinese digital payment firm Ant Group has officially welcomed seven new leading e-wallets and payment apps from Asia to the “Alipay+-in-China” Program (A+China Program). The new additions bring the total number of overseas e-wallets accepted in the Chinese mainland to ten.
Malaysian pension fund KWAP launches $107M to boost Malaysia’s venture and startup ecosystem
Malaysia's pension fund Kumpulan Wang Persaraan (Diperbadankan) [KWAP] has on Thursday announced the launch of Dana Perintis, aimed at injecting vitality into Malaysia's venture and startup ecosystem. With a commitment to invest up to MYR 500 million ($106.6 million) over the next 18 to 24 months, KWAP is set to empower early-stage companies, drive…
Delivery Hero’s foodpanda’s business could be sold to Grab? – report
Delivery Hero plans to sell its activities under the foodpanda brand in Singapore, Cambodia, Laos, Malaysia, Myanmar, the Philippines and Thailand.
GovWare Conference and Exhibition to be held from Oct 17- 19 at Sands Expo and Convention Center, Singapore
GovWare Conference and Exhibition, the region's premier cybersecurity event, is gearing up to make a strong and impactful return from 17 to 19 October 2023, at Sands Expo and Convention Centre in Singapore.
Pakistan’s Truckistan Technologies secures $1M initial funding
Truckistan Technologies, the Pakistan-based tech-enabled less-than-truckload (LTL) company, has on Tuesday announced its successful seed fundraising round. The final amount is nearly $1 million with some late-stage participants yet to finalize their commitments.
Revolutionizing the Philippines’ food industry: Unleashing innovation and technology
Amidst challenges, technology emerges as a beacon of hope. Inaccessible infrastructure and logistics impede the seamless movement of food from farms to tables. While arable land is abundant, productivity lags behind due to a lack of technological access and innovation. Part of the solution lies in democratizing technology, making it accessible and…
India’s Atlys raises $12M in Series A funding led by Peak XV Partners, Elevation Capital
Indian online visa application platform Atlys has raised $12 million in a Series A round led by Peak XV Partners (formerly Sequoia Capital India) and Elevation Capital. The round also saw participation from existing investors Andreessen Horowitz (a16z), Musical Duo Chainsmokers, South Park Commons, Pinterest Founders and other investors.
Indonesia’s Bank Mandiri collaborates with fisheries startup FishLog to support MSMEs
Bank Mandiri is collaborating with the fisheries startup FishLog to support MSMEs.
Singapore’s bolttech raises $50M in Series B round led by LeapFrog Investments
Singapore-based insurtech bolttech has raised $50 million in Series B round led by impact investment firm LeapFrog Investments. The investment adds to bolttech’s recent Series B funding round, now totalling $246 million, the largest ever Series B round for an insurtech.
UnaFinancial: share of fintech in the GDP of Singapore will reach 3.56 percent in 2027
Analysts of UnaFinancial has projected that share of fintech in the gross domestic product (GDP) of Singapore will reach 3.56 percent in 2027. In 2022, 0.32 percent of Southeast Asia (SEA)’s GDP consisted of venture and other investments in the fintech industry. By 2027, this share is projected to reach 1.65 percent, growing five times.
