On location
Malaysia-based SPAC Kairous Acquisition files for a $50 million IPO on NASDAQ
The SPAC intends to focus on fast-growing technology companies in e-commerce, financial technology, insurance technology, digital health, digital media, and digital services.
Singapore’s Omnilytics to acquire Malaysia’s Supahands in $20M deal
Founded in 2014 and headquartered in Malaysia, Supahands is an end-to-end data labeling platform that develops training data to enable clients to launch and scale high-performing artificial intelligence applications for their business.
ScaleUp Malaysia launches Cohort 3, partners with Quest Ventures & Indelible Ventures
For Cohort 3, ScaleUp Malaysia is looking towards working with more scaleups eyeing the regional and global stage.
Malaysia’s AirAsia launches e-hailing services; eyes more acquisitions as it builds Super App
AirAsia's e-hailing venture came as the aviation group is in the midst of building its digital businesses and its ASEAN Super App when most of its planes were grounded due to the ongoing COVID-19 pandemic.
Singapore blockchain security firm CYBAVO raises $4M in pre-Series A round
The company intends to use the latest funding to fuel expansion in the East Asian, European, and North American markets and invest in R&D.
Malaysia’s telecoms infrastructure firm Edotco accepted as United Nations Global Compact signatory
As a signatory, Edotco said it will be supporting the 10 Principles on human rights, labor, environment and anti-corruption, which will be embedded as part of the company’s strategy, culture, and day-to-day operations.
Taiwan’s XREX raises $17M in Pre-Series A funding round led by CDIB Capital
XREX will use the funding to expand its fiat currency portfolio, acquire additional licenses, and forge partnerships with more financial institutions and digital wallets.
A closer look at 4 Vietnamese startups that made the Forbes Asia 100 to Watch list
Recently, Forbes Asia has released the inaugural 100 to Watch list, which spotlights notable small companies and startups on the rise across the Asia-Pacific region. Among the 100 featured companies, Vietnam has four of its startups selected, operating in the fields of e-commerce, logistics, proptech, and healthtech.
Political uncertainties in Malaysia seen as ‘short-term risks’, say tech investors
Venture capitalists TechNode Global contacted opined that political issues will have little impact on investors' confidence in Malaysian tech startups. The tech industry in the country will continue to grow due to the ongoing pandemic which has accelerated digitalization.
Indonesia’s GoTo to complete $2B funding round, eyes IPO in 2022 – report
The delay comes as Indonesia's Financial Services Authority (OJK) considers new listing guidelines for tech companies to offer dual-class shares that confer different voting rights.
