On location

Giftee's investment into TADA Network marks its second major investment outside of Japan as part of the company's expansion in Southeast Asia.

SCB Abacus will use the fresh funds to strengthen its digital infrastructures, drive product adoption and recruit additional talent.

The latest funding round also came after Carousell raised $80 million in an investment round led by South Korean tech giant Naver in September last year.

With the latest investment, Xendit plans to continue innovating its product suite, with sights on expansion into select countries across Southeast Asia.

The advisory group will explore the technical, legal, and regulatory frameworks needed to break the siloes between the global supply chain and financial institutions.

Lever VC is also actively speaking with investors interested in Lever VC Fund II, which will begin raising early next year.

In Malaysia and Singapore, merchants who opted for Atome’s BNPL experienced an average 17 percent increase in their ticket order size.

By bridging the funding gap, MaGIC and Penjana Kapital aspire to reorient private capital for innovative start-ups, attract global and regional VCs into Malaysia, as well as elevate knowledge transfer, talent development and creation in Malaysia ecosystem.

Gobi Partners’ continued faith and multiple investments into Carsome paved the way for the e-commerce platform to dominate Southeast Asia’s used car scene, en route to becoming Malaysia’s first and largest unicorn.

M&A targeting technology companies hit a record high in Asia-Pacific with tech, advanced manufacturing and mobility sectors topped regional deal activity.