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Society Pass acquires Vietnam online grocery delivery service Handycart

Society Pass Incorporated (SoPa) has acquired Dream Space Trading Company Limited, the operator of Handycart. The newly acquired company will be integrated into SoPa's food and beverage delivery vertical with SoPa's existing merchant software platform #HOTTAB,

VCs scout opportunities in MedTech despite higher valuation fueled by pandemic

A growing population of more than 600 million with a combined GDP of more than $3 trillion and a rapid growth of the middle class are expected to fuel strong demand in healthcare coverage in Southeast Asia.

Singapore micromobility startup Beam secures $93M in Series B funding led by Affirma Capital

Beam announced Friday a Series B funding round of $93 million led by Singapore-based private equity firm Affirma Capital. The round also saw participation from Sequoia Capital India, Hana Ventures, ICT Capital, EDBI, AC Ventures, RTP Global, and Momentum Venture Capital, among others. Funds raised will be used to bring Beam’s shared micromobility vehicles…

Indonesian auto-financing startup Broom raises $3M in pre-seed funding round led by AC Ventures

Broom has raised $3 million in a pre-seed funding round led by AC Ventures. Quona Capital and several angel investors, including Founders of unicorn startups in Indonesia, such as Kopi Kenangan and Lummo, also joined the round. The funding will be used to accelerate the company’s growth by improving customer experience with tech-based solutions through new…

India’s Airtel acquires strategic stake in Singapore blockchain technology startup Aqilliz

Bharti Airtel (Airtel) has acquired a strategic stake in Aqilliz, a Singapore-based blockchain as a service company. It aims to deploy Aqilliz’s advanced blockchain technologies at scale across its fast growing adtech (Airtel Ads), digital entertainment (Wynk Music and Airtel Xstream) and digital marketplace (Airtel Thanks App) offerings.

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.