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Japan’s JCB injects $5M in Malaysian fintech firm Soft Space in strategic partnership

Soft Space Sdn Bhd announced a new strategic partnership with Japanese international payment brand, JCB Co. Ltd. This strategic partnership is the first of its kind in Malaysia for the payment gian. It involves a combination of $5 million investment in Soft Space and a series of business collaborations that are aimed at capitalising on Soft Space's…

Startup accelerator F10 to incubate early-stage blockchain startups in Singapore with Klaytn Foundation

F10 will partner with Klaytn Foundation to launch an Incubation Program in Singapore. The program will support early-stage startups built on Klaytn, a blockchain platform developed by internet giant Kakao Corp. The 3-month program kicks off in April 2022 and will enable entrepreneurs to develop ideas or minimal viable products (MVPs) into scalable…

Singapore cross-border payment firm Thunes kicks off expansion into Greater China

Thunes plans to significantly accelerate the expansion of its operations in Greater China, spanning mainland China, Hong Kong, Taiwan, and Macau. This news follows the recent appointment of Daphne Huang, Senior Vice President (SVP) for Greater China, who will leverage her deep market expertise to spearhead Thunes' growth strategy.

Australian fintech startup Airwallex launches global payment services in Singapore

Airwallex announced Thursday its official launch in Singapore, following its grant of a Major Payment Institution (MPI) license by the Monetary Authority of Singapore and a beta launch in November last year. Singapore businesses can now benefit from Airwallex’s suite of global payments services including global account issuance, domestic and cross-border…

Thai proptech startup PropertyScout raises total funding to $2.5M in oversubscribed pre-Series A round

PropertyScout, has reached $2.5 million in total funding after successfully closing its Pre-Series A round. Hustle Fund led the round, while a number of well-known prop tech investors, included industry veterans such as Simon Baker, Marc Stilke, Brian Ma, as well as AngelCentral also joined the round.

Indonesian renewable energy startup Xurya receives $21.5M Series A funding led by East Ventures and Saratoga

PT Xurya Daya Indonesia (Xurya) has raised series A funding of $21.5 million. This series A funding round was led by a venture capital firm, East Ventures (Growth fund), and PT Saratoga Investama Sedaya Tbk. (Saratoga) with the returning participation of existing investors Schneider Electric and New Energy Nexus Indonesia.

Southeast Asia neobank Crowdo closes $5.9M pre-Series B convertible bridge round from Gobi, Ivest

The funds will be used to expand Crowdo’s neobank platform in Singapore and Indonesia and scale its ESG financing portfolio. Crowdo is headquartered in Singapore but fully licensed by the Indonesian financial authority Otoritas Jasa Keuangan for digital lending in since 2017. The fintech is also registered with the Securities Commission Malaysia.

Fintech startup Paywatch raises $5.23M in seed funding round led by Third Prime and others

Paywatch has raised MYR21.9 million ($5.23 million) in a seed funding round led by US venture capital firm Third Prime and prominent family offices in Singapore and Hong Kong. SparkLabs, Won & Partners and CTK Investments also participated in this round. Operating in South Korea, Malaysia and Hong Kong, the company plans to use the fresh funds to…

Indonesian Fintech player KoinWorks raises $108M in Series C funding led by MDI Ventures

KoinWorks has raised $108 million Series C funding round led by MDI Ventures, Previous equity investors such as Quona Capital, Triodos Investment Management, Saison Capital, ACV and East Ventures also participated in the round. The funding, which consists of $43 million in equity and $65 million in debt capital, will be used to scale KoinWorks’ solutions…

Singapore interactive video platform Wootag raises $1.7M in funding led by Cornerstone Venture Partners Fund

Wootag has raised $1.7 million in bridge funding led by Cornerstone Venture Partners Fund (CSVP), with further backing from existing investors Wavemaker and SEEDS Capital. This investment fuels Wootag’s expansion plan to scale in Asia Pacific markets and enhance artificial intelligence (AI) capabilities for in-video interactivity and audience engagement…