On location
Slash launches the first of its kind venture builder map with over 400 VBs globally
With venture building on a consistent rise, Slash, a boutique venture and tech studio, is coming forward with a new social project - Venture Builder Map. This is the first attempt to create a global interactive directory of all the venture builders.
Indonesia’s Traveloka nears $200M funding after SPAC talks – report
Traveloka had been valued at $3 billion, according to CB Insights, but Bloomberg reported in 2020 that it was seeking funds at a lower valuation.
Shell invests in Malaysia’s smart mobility solution provider ParkEasy
Shell Malaysia Trading Sdn Bhd announced Friday that it has agreed to acquire 50 percent shareholding in Pixelbyte Sdn Bhd, the company operating ParkEasy – a mobile application software that not only lets drivers park quickly in shopping malls and other locations, but also the only service in Malaysia to offer a pre-booked slot for electric vehicle (EV)…
FTX launches cryptocurrency service in Japan
FTX Trading Ltd.(FTX), a Bahamas-based cryptocurrency exchange, announced Thursday that it has launched FTX Japan to service Japanese customers. FTX Japan, operating via FTX Japan K.K. (FTX Japan), is a licensed Japanese crypto-asset exchange services provider and Type 1 Financial Instruments Business license holder.
Applications are now open for TiE SEA Women’s Pitch Competition 2022
Shortlisted candidates will be judged by a panel of regional VC’s, entrepreneurs, ecosystem leaders and tech corporate executives, and will also get networking opportunities with regional and international VC’s. The top winner of the Southeast Asia start-up founders will be flown to Dubai by TiE for the global finale.
Most digital banks are not profitable, Simon-Kucher study shows
Simon-Kucher said Thursday that it estimates there are currently close to 400 neobanks around the world, together serving nearly one billion client accounts. However, despite their lofty valuations, it found that only five percent of these challenger banks have managed to reach a breakeven point.
Indonesian agritech startup Eratani gets $1.6M fresh funding led by Trihill Capital
Eratani, an Indonesia-based agri-tech start-up company, said Thursday it has officially received initial funding of 23 billion Rupiah ($1.6 million) from 29 investors led by Trihill Capital, followed by Kenangan Fund and Kopital Network. The fresh funds will be used to build the ecosystem and supply chain; strengthen expansion and penetration throughout…
Allianz Insurance Singapore expands its digital capabilities with Fermion’s SaaS claims platform and enters the Singapore Motor Insurance ecosystem
The digital claims platform helps deliver a better customer experience and enables the insurer to attain robust claims management and cost control capabilities.
NEA leads $70M Series C round in Indonesian social commerce platform Super
Super, an Indonesia-based social commerce platform serving tier-2 and tier-3 cities and Indonesian rural areas, announced Thursday that it has completed a $70 million oversubscribed Series C round led by NEA. The round also saw additional investment from Insignia Ventures Partners, SoftBank Ventures Asia, DST Global Partners, Amasia, B Capital, TNB Aura,…
India’s Gupshup acquires omnichannel customer service platform OneDirect for global businesses
Gupshup, an India-based conversational engagement firm, announced Thursday the acquisition of OneDirect, the omnichannel, artificial intelligence (AI)-enabled customer service platform of choice for brands in India, South East Asia and the Middle East. The acquisition strengthens Gupshup’s suite of conversational solutions and enables superior omnichannel…
