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Indian neobank platform Niyo nets $100M in Series C round led by Accel and Lightrock
Niyo has raised $100 million in its Series C round of funding led by Accel and Lightrock India. Beams Fintech Fund and its existing investors Prime Venture Partners, JS Capital are also participating in this round along with others. The company will be using the funds to accelerate its mission to transform banking in India, and to provide convenient and…
Fave launches Southeast Asia tech hub in Kuala Lumpur, Malaysia
Fave has launched tech hub in Kuala Lumpur, Malaysia. As a part of Fave’s efforts in evolving the fintech landscape, the new tech hub will serve as a platform to groom top class engineering talents and drive digital innovation in Southeast Asia.
Visa and VNPAY enter strategic partnership to drive digital payments in Vietnam
Visa has entered a strategic partnership with VNPAY to enhance the digital payments experience in Vietnam. Together, they will make cashless payment more accessible in Vietnam through expanding and strengthening the fintech company's affiliate network of accepting merchants, as well as rolling out new services including Visa’s Tap to Phone acceptance…
Hong Kong NFT platform UCOLLEX raises $10M series A round led by Animoca Brands
UCOLLEX has successfully completed a $10 million Series A funding round led by Animoca Brands and MCP IPX One Fund (IPX Fund). The raise will enable UCOLLEX to invest extensively in blockchain technology and establish metaverse frontiers, creating exciting NFT experiences for pop culture communities.
Pakistan FinTech firm NayaPay secures $13M led by Zayn Capital, MSA Novo and Graph Ventures
NayaPay has raised $13 million in one of the largest seed rounds in South Asia. Bringing together a diverse mix of leading global institutional and angel investors, the round was led by Zayn Capital, MSA Novo and Graph Ventures. Saison Capital, Maple Leaf Capital and Warren Hogarth, also participated in the round, alongside a major investment from the…
Malaysia’s CTOS Digital finalises issue price at $0.38 for proposed placement to raise $41.4M
After recently obtaining shareholders’ approval to undertake placement of up to 10 percent of total issued shares, Malaysia credit reporting agency CTOS Digital Berhad announced Wednesday that it had finalized the issue price of its proposed primary placement exercise at MYR1.58 ($0.38) per share to raise a total of MYR173.8 million ($41.4 million) in…
Malaysian biotechnology firm GK Aqua seeks to raise $478,000 to $1.91M via ECF Platform pitchIN
GK Aqua Sdn Bhd, a Malaysian Biotechnology company is looking to raise a minimum of MYR2 million ($478,000) for 4.26 percent equity with a maximum target of MYR8 million ($1.91 million) for 15.09 percent equity via the Malaysian equity crowdfunding platform pitchIN.
Malaysia’s Instahome partners with Indonesia’s Flokq to revolutionize the long-term home rental industry in Southeast Asia
Flokq and Instahome, the full-stack online to offline long-term rental platforms in Indonesia and Malaysia, on Wednesday announced a partnership spanning marketing and distribution, leveraging off each other’s property inventory, technology capabilities, and know-how hinting towards a strong prop-tech alliance that is shaping up in the region.
Alibaba halts talks to raise $1B before Lazada IPO – report
It was reported that Alibaba had hoped to secure at least $1 billion but backed off after failing to secure its envisioned valuation.
