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News,Transportation,Malaysia,Mergers and Acquisitions
AirAsia considers listing digital business in US via SPAC to raise $300M
CEO Tony Fernandes said a few technology-focused SPACs have approached the airline group, and AirAsia has engaged auditors for a deal to list the unit.
July 8, 2021
Mergers and Acquisitions,News,Malaysia,Thailand,eCommerce,Indonesia,Transportation
AirAsia to acquire Gojek’s Thai operations for $50M via share swap deal
The purchase considerations for the proposed acquisitions will be wholly satisfied by the issue of new shares in the AirAsia SuperApp. Gojek will own 4.76 percent in AirAsia SuperApp after the proposed acquisition.
July 7, 2021
FinTech,TNGlobal Q&A and Interviews,Singapore,Startup Profiles
YouTrip adopts hyper-localized strategies to differentiate from other multi-currency providers [ORIGIN Innovation Awards Q&A]
In a TechNode Global Q&A, Chu shared the story behind why she started YouTrip and the challenges she and her team met when they grow the company. She also shared her views on how to encourage more women to become entrepreneurs and some advice for them, based on her personal experience as a female founder.
July 7, 2021
News,eCommerce,Indonesia,Mergers and Acquisitions,SEA,Malaysia
Malaysia’s Carsome announces strategic investment in Indonesia’s car auction firm PT Universal Collection
The development came after the startup is said to be weighing going public with special purpose acquisition company (SPAC) as option.
July 6, 2021
How to choose the right legal structure for your startup in Singapore
If you're thinking about starting a business this year, the first step is to identify which business (legal) entity is most appropriate for your startup plan. Keep reading to find out more about the different types of business entities that are suitable for early-stage startups.
July 5, 2021
29 Applicants to bid for 5 digital banking licenses in Malaysia, with national cooperatives group joining in
A diverse range of parties have submitted applications for the digital bank licence, ranging from banks, industry conglomerates, technology firms, e-commerce operators, FinTech players, cooperatives and state governments.
July 5, 2021
AirAsia’s BigPay teams up with state-linked MIDF, PE firm Ikhlas Capital for digital banking license in Malaysia
BigPay's consortium will be joining a crowded field for digital bank licences on offer. Malaysia central bank said it would issue up to five licenses by early 2022.
July 2, 2021
News,Singapore,Malaysia,FinTech
Consortiums and companies submit Malaysia digital banking license bids as deadline looms close, including Grab-Singtel venture
The Race for the five digital banking licenses heats up further as more consortiums and companies announced their application, including ride-hailing giant Grab-Singtel consortium, which bagged a digital full-bank license in Singapore last year. These consortiums also include overseas investors and technology partners from Singapore, Japan, and China.
July 1, 2021
‘Robinhood of Vietnam’ Infina raises $2M in oversubscribed Seed round
The startup seeks to tap into a growing opportunity in the retail investing space in Vietnam. The country of 97 million population has more than 75 percent internet users transacting money digitally, but only roughly 3.14 million--or 3.2 percent of the population-- investing in securities.
June 30, 2021
Indonesia’s aesthetic dentistry tech firm KLAR raises Seed funding round led by AC Ventures
KLAR plans to use the funding for four business goals including R&D development to achieve economies of scale and treatment optimization, expand the company's talent base, enhance branding, and venture into complementary product offerings
June 29, 2021












