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Australian FinTech firm Zeller doubles valuation to over $1B with $100M raise
Zeller has raised $100 million in Series B round at a valuation worth of $1 billion.The Series B, which saw Zeller more than double its valuation, was led by US-based Headline, with additional funds contributed by Australian industry superannuation fund Hostplus. Previous investors, including Square Peg, Addition, and Spark Capital, also returned to…
Saigon Asset Management invests in Vietnamese FinTech firm Anfin
Anfin Company Limited announced Thursday the signing of an investment and strategic partnership agreement with Saigon Asset Management (SAM), which will see SAM becoming an equity investor into Anfin as well as a strategic partner. Following this agreement, both firms will collaborate to leverage SAM’s diverse portfolio of investment funds to expand assets…
Singapore’s Funding Societies unveils virtual card Elevate, addressing 80 percent MSME corporate credit card gap
Funding Societies has launched Elevate, a virtual card solution for micro, small and medium enterprises (MSMEs) in Singapore. The card is available on a credit line on the FinTech platform’s website and mobile app, and entitles qualified MSMEs to interest free credit for a period of up to 55 days.
Sea Ltd’s Shopee exits France months after entering Europe – report
France was one of the most significant new markets for Sea, which has been embarking on an aggressive international push last year to drive growth beyond Southeast Asia.
Convergence between marketplaces & social media will continue in e-commerce, says Intrepid CEO Jasper Knoben [ORIGIN Innovation Awards Q&A]
In the interview, Knoben also shared what are the challenges faced by startups or innovators in this post-pandemic environment and Intrepid’s strategies to address these challenges.
Philippines social commerce startup SariSuki bags $7.1M from regional and global investors
SariSuki has raised $7.1 million from regional and global investors, bringing its total funding to $10.7 million in 2021. Venture capital investors included Openspace, Susquehanna International Group (SIG), Global Founders Capital (GFC), Saison Capital, JG Digital Equity Ventures, and Foxmont Capital Partners are amongst those who participated in the round.…
ScaleUp Malaysia announces investments in 11 emerging startups
Growth stage accelerator ScaleUp Malaysia, in partnership with Quest Ventures, Indelible Ventures, and Mranti signalled the culmination of its third cohort with the unveiling of its selection of top startups. The companies selected by Quest Ventures for co-investment were GuruInnovtif, Open Academy, MadCash, SpareXHub, VireServe, and WaSushi. Indelible…
Australia’s Language Confidence raises $1.5M in seed funding from Wavemaker Partners and Investible
Language Confidence has raised $1.5 million seed round to automate the teaching and testing of spoken English. The capital raise was led by Wavemaker Partners with participation from Investible. The funding will enable the company to expand its product offering and grow it’s already global customer base.
Korean digital content distribution firm RIDI gets $100B funding led by Singapore’s GIC
RIDI Corporation has signed definitive agreements to receive an investment of KRW 120 billion ($100 million) led by Singapore’s sovereign wealth fund GIC. Korea Development Bank, NVESTOR, and Atinum Investment also participated in this investment. As a result, RIDI has been recognized as the first unicorn startup in Korea’s content platform industry with an…
Binance & Cuscapi Bhd take strategic stakes in Malaysia FinTech firm MX Global
MX Global Sdn. Bhd announced Tuesday an equity investment into the company from Binance. It also landed another investment for Redeemable Convertible Preference Shares (RCPS) into the company by Cuscapi Berhad. These new capital injections will allow MX Global, a licensed fintech company, to build brand awareness, hire more high-quality talent and develop…
