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Hong Kong logistics startup Pickupp raises $37M Series B funding led by Jardine Matheso
Pickupp has raised another $37 million in Series B funding led by Hong Kong conglomerate Jardine Matheson. Existing investors including Reefknot Investments, Cathay Venture Inc., PChome Online Inc., DRIVE Catalyst, and Swire Properties also joined the round, Pickupp said in a statement. The funding will be used to deepen its presence in Asia and to…
Singapore digital banking firm Tyme raises $180M capital from Tencent and CDC Group
Tyme has successfully secured investments from Tencent and CDC to complete its $180 million Series B capital raise. Tyme, which has its roots in South Africa, is using the funding to grow TymeBank in South Africa and GOTyme in the Philippines.
GIC-backed VNG to raise funds ahead of US listing – report
The company is said to be seeking to raise $200 million to $300 million from new and existing backers.
Binance Labs leads $1.5M Seed Round for BBS Network
Binance Labs has led the $1.5 million seed round for Bulletin Board System (BBS) Network. The investment is part of Binance Labs' broader strategy to grow the global blockchain ecosystem.
Hong Kong’s WeLab acquires Bank Jasa Jakarta in Indonesia to launch second digital bank in Asia
WeLab announced Monday the acquisition of PT Bank Jasa Jakarta (BJJ), a commercial bank in Indonesia, with plans to launch its second digital bank in Asia further to the successful launch of WeLab Bank in Hong Kong. WeLab said it had drawn wide-spread interest from existing and new investors who have already contributed $240 million for this transaction,…
Binance Smart Chain and Animoca Brands set up $200M investment program for blockchain gaming projects
Binance Smart Chain (BSC) and Animoca Brands are launching a $200 million investment program to accelerate and incubate early crypto gaming startups that are building on BSC.
Singapore financial technology firm Xen Capital raises $7.5M Series A led by Headline Asia
Xen Capital has raised $7.5 million in a Series A round led by Headline Asia (formerly known as Infinity Ventures) to scale its business to business to consumer (B2B2C) alternative investment platform.
Vingroup seeks to list car unit in US in 2H2022 to raise at least $3B – report
Vingroup had set up a Singapore-based holding company owning a stake in Vinfast's operations in Vietnam to fuel the IPO process.
Enterprise Singapore and Latin Leap launch first market entry program to help Singapore tech startups expand and grow in Latin American market
Latin Leap and Enterprise Singapore (ESG) have launched the first market entry programme to help tech startups in Singapore to have greater access to business and partnership opportunities in Latin America. The Leap2LatAm programme aims to connect tech startups in Singapore with potential customers, multipliers, and joint venture partners in Latin America…
South Korean online lending platform PeopleFund raises $64M Series C funding led by Bain Capital
PeopleFund will utilize the funds to hire artificial intelligence (AI) engineers and acquire alternative data to further upgrade its credit-scoring algorithm while focusing on credit scoring technology with the acquisition of MyData license set for late this year.
