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2C2P and ShopeePay announced Wednesday a new partnership to increase access to digital payments for consumers and merchants by enabling ShopeePay as a payment option to 2C2P’s extensive merchant network across five markets in Southeast Asia. The move will enhance connectivity to the digital economy, a key driver of regional economic development. With…

The Securities Commission Malaysia (SC) announced Wednesday that it has registered two initial exchange offering (IEO) operators, Kapital DX Sdn Bhd and Pitch Platforms Sdn Bhd, to promote responsible innovation in the digital assets space. The registered IEO operators will provide an alternative avenue for eligible companies to raise funds via the…

Indonesia is one of the world top-10 markets by the number of users for social media firms including Youtube, TikTok, Facebook, Twitter, Instagram and Whatsapp. Indonesia is also the world's fourth most populous country.

iPrice Group, Malaysia-based price comparison platform, announced Wednesday that it has raised $5 million of additional funding led by Japan-based firms Itochu Corporation and the KDDI Open Innovation Fund III (operated by Global Brain Corporation). The additional funding will bolster iPrice’s role in finding shoppers the best deals as Southeast Asia’s…

DELOS has raised $8 million in seed extension financing co-led by Centauri and Alpha JWC Ventures. The round was joined by existing investors, Number Capital, Arise, iSeed SEA, Irvan Kolonas, as well as Alto Partners Multi-Family Office, Mahanusa Capital, Kopi Kenangan Founder James Prananto, and a number of strategic follow-on investors, The company plans…

Omnipresent has raised $120 million in its Series B funding round, led by Kinnevik, and Tencent. The amount includes a pre-Series B round in the second half of 2021 and follows seed and Series A rounds in April 2020 and December 2020. Uncorrelated Ventures, a San Francisco-based investor, also participated the round, rounding out an investor list from Asia,…

Handprint has raised $2.2 million in seed funding led by leading payments network Thunes, with participation from other angel investors. The funding will be used to further build Handprint’s technology and expand its network of impact partners, helping to advance Handprint’s mission to transform the extractive economy into a regenerative economy - making it…

Validus has entered into an agreement with Citi to acquire its CitiBusiness loan portfolio in Singapore, in a move that will bolster Validus’ top line revenue, customer base, and expand its growing loan book. This is the first time a FinTech in Southeast Asia is acquiring an established bank’s loan portfolio and customer base, and it underscores Validus’…

Blockchain Association Singapore (BAS) and SGTech have signed a Memorandum of Understanding (MOU) to form a strategic partnership to collaborate on blockchain-related issues in Singapore. Under the MOU, both parties will establish a deep partnership to bolster the local blockchain ecosystem through leveraging on each other’s networks on issues such as…

Touch ‘n Go eWallet announced Monday that it is collaborating with Singapore's Dotlines to provide digital solutions for migrants in Malaysia. A cashless society is now closer than before, and with this collaboration, the migrant community can fully embrace and be part of the cashless society.