On location
Shoplinks raises $900K seed fund led by Cocoon Capital
Shoplinks will use the funds to strengthen its foothold in Indonesia before expanding into other Southeast Asian markets. Additionally, the funds will be used to grow its team and invest more in product development.
Singapore IoT firm UnaBiz raises $25M in Series B led by SPARX Group
The funding brings UnaBiz’ total capital raised to $35 million since it launched in July 2016.
Xfers’ digital assets platform StraitsX hits $1.48B in transactions in 2021
Adding on to this announcement is the unveiling of StraitsX’s new platform and identity. The new StraitsX platform features a redesigned and streamlined user interface to enable faster and more efficient navigation.
Malaysia-based Solarvest launches startup program focusing on RE, green tech, FinTech
Solarvest will assist in further fundraising and other grant applications that are relevant and help the company get connected by leveraging its extensive business network.
Healthcare-focused PE firm Quadria Capital mulls SPAC listing in Singapore – report
Earlier reports showed Internet entrepreneur Patrick Grove, Singapore-based PE firm Novo Tellus Capital Partners, French alternative investment manager Tikehau Capital SCA are also targeting SPAC-listing on the Singapore exchange. Other interested parties include Turmeric Capital and Temasek’s Vertex Holdings Ltd.
Indonesia fleet management firm TransTRACK.ID raises $552K Seed round from Cocoon Capital, IWEF
TransTRACK.ID will use the funds to scale product development and expand its network of partners across Indonesia to dominate the market.
Bank Negara Malaysia working with ‘relevant authorities’ to address concerns over BNPL
It is important for individuals to understand the terms and conditions of the BNPL schemes, and to not take debt that they cannot afford, the regulator warned.
Singapore-based Funding Societies raises $18M in debt, on track to raise $120M
It is on track to raise $120 million in institutional debt for funding the growth needs of MSMEs in Southeast Asia.
Sequoia-backed Incomlend launches $60M invoice financing program for ESG-focused SMEs
Incomlend connects SMEs globally with communities of investors, enabling them to finance individual invoices on an exchange platform. Since 2016, Incomlend has financed over $500 million in trades across 50 countries.
