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Philippine e-commerce aggregator Armada Brands raises $1.3M Pre-Seed co-led by M Venture Partners and Foxmont Capital Partners
Armada Brands (Armada), a Philippine-based e-commerce aggregator, said Tuesday it has raised $1.3 million in pre-seed funding to invest in e-commerce entrepreneurs looking to scale their brands. The pre-seed funding round of $1.3 million was co-led by the venture capital firms M Venture Partners and Foxmont Capital Partners.
Indonesia’s CrediBook raises $8.1M Series A funding led by Monk’s Hill Ventures
CrediBook, an Indonesia-based bookkeeping app, announced Tuesday its $8.1 million Series A funding round led by Monk’s Hill Ventures with participation from existing investors such as Insignia Ventures Partners and Wavemaker Partners. This round of funding will be used to accelerate CrediBook’s nationwide expansion, product development, talent acquisition,…
Indonesia’s Alpha JWC Ventures deploys over $100M investments from its third fund
Indonesia-based venture capital firm Alpha JWC Ventures announced Tuesday a strong first quarter showing as the company witnessed record portfolio growth with 30 new signed deals from its Fund III - with over $100 million deployed.
Singapore’s Pace launches new digital card to simplify BNPL payments for consumers and merchants
Pace Enterprise (Pace), a Singapore-based fintech solutions company with a "Buy Now Pay Later" (BNPL) platform, announced Tuesday the launch of the first-ever virtual Pace Card, a unique payment solution designed to make BNPL payments even simpler and more secure in Asia. The Pace Card is now available in Singapore and will be rolled out to other new…
Indonesia’s GoTo sells majority stake in Philippines e-wallet Coins.ph – report
Gojek had acquired the stake in 2019 when it plans to expand into the Philippines.
Hong Kong social crypto investing platform Kikitrade nets $6M funding co-led by AppWorks and Media Asia
Hong Kong-based one-stop cryptocurrency and social investment platform Kikitrade announced Monday the company has completed a $6 million strategic round, co-led by AppWorks and Media Asia with participation from Audeo Ventures and existing shareholders. This round of funding follows a $12 million investment led by internationally renowned investors…
Indonesia’s GoTo allocates over $20M to driver-partners under share program
Ahead of its initial public offering (IPO), PT GoTo Gojek Tokopedia Tbk (GoTo Group), the largest digital ecosystem in Indonesia, announced Monday it will allocate over $20 million to driver-partners. In Indonesia, the driver-partners will receive a share grant under the Gotong Royong share program.
Grab eyes breakeven for food deliveries in 1st half of 2023 – report
Grab operates across almost 500 cities in eight countries in Southeast Asia. Its operations include ride-hailing, food and grocery delivery services, digital payments, lending, insurance, wealth management among others.
Singapore’s Glance acquires Indian gaming company Gambit to boost NFT gaming platform
Singapore based consumer internet company Glance InMobi Pte Ltd (Glance), announced that it has acquired Indian gaming company Gambit Sports Pvt Ltd. (Gambit), to accelerate its ambition of building the biggest platform for non-fungible token (NFT)-based live gaming experiences for Gen-Z, across markets.The acquisition brings together Glance’s scale and…
Ant-backed e-wallet Touch ‘n Go launches digital personal loan facility
Touch ‘n Go (TNG) Group, a Malaysia-based payment firm that is backed by Jack Ma's Ant Group Co, announced Friday the launch of GOpinjam, an inclusive digital personal loan proposition available through TNG eWallet. This marks TNG eWallet’s first digital lending solutions offering, having previously already launched financial services propositions in…
