On location

UNObank to pilot in the Philippines as Xebia partners with Singapore-based DigibankASIA to launch the full-service digital bank

It will be a full-service digital bank that will have its pilot launch in the Philippines with a target to expand across the region.

P2P lending platform Amartha secures $50M debt financing to empower rural female entrepreneurs in Indonesia

with Lendable’s support, Amartha can take their business a step further and help empower Indonesia’s 22 million female micro-entrepreneurs to develop or start their businesses as the company tries to help the country recover economically post-pandemic. 

Singapore leads Southeast Asian FoodTech movement as Next Gen secures $10M Seed fund to launch its plant-based chicken alternative

Southeast Asia continues to grow in the FoodTech and meat alternative industry as investors continue to back foreign and regional companies. Singapore spearheads the movement with multiple startups and key investments in the industry.

China’s Black Lake continues to digitize industrial China and APAC with $77M Series C

Black Lake plans to use its fresh capital to invest in product development, manpower, market expansion, and creating an open platform for third-party partners. The company also plans to leverage its latest partnership with the Singaporean Temasek Holdings to further penetrate the Southeast Asian market, specifically in Vietnam and Malaysia.

FUNDtastic team (Credit: FUNDtastic)

Indonesian FinTech startup FUNDtastic secures $7.7M Series A for market expansion and new product development

The new fund aims to expand our market scope, and also develop more products and features.

TransCelestial

Wireless tech startup Transcelestial to enter Philippines’ internet infrastructure market with $2M investment from Kickstart Ventures

The company aims to address the Philippines’ Internet infrastructure bottleneck problem through its tech. It plans to provide ISPs, enterprises, and government agencies with a cheaper alternative to traditional fiber optic cables without compromising on internet quality and reliability.

Rocketship.vc backs BukuWarung in improving digitalization, monetization for micro biz across Indonesia

BukuWarung plans to use its fresh capital to expand its tech and product teams in Indonesia, Singapore, and India. It will concentrate on becoming more self-sustaining by working on its payments solution and releasing new monetization products.