Asia

Most digital banks are not profitable, Simon-Kucher study shows

Despite lofty valuations, most neobanks (digital banks) are not profitable, Simon-Kucher study showed Thursday. The global commercial strategy consultancy said in a statement…

India’s Gupshup acquires omnichannel customer service platform OneDirect for global businesses

Gupshup, an India-based conversational engagement firm, announced Thursday the acquisition of OneDirect, the omnichannel, artificial intelligence (AI)-enabled customer service…

Binance Labs closes $500M investment fund to boost blockchain, Web3, and value-building technologies

Binance Labs, the venture capital and incubation arm of Binance, announced Wednesday the closing of a new $500 million investment fund with support from leading global…

500 Global, Taiwan Tech Arena join forces again to fuel early-stage startup growth on a global scale

500 Global, a United States-based venture capital firm and Taiwan Tech Arena, a deep tech startup ecosystem-building program, have renewed their partnership to bring back 500…

United Kingdom’s Unlimint partners China’s Alipay+ to expand global online payment

Unlimint, the United Kingdom-based fintech company, announced Wednesday that it has partnered with the Ant Group's Alipay+ to further expand its global online payment portfolio.…

Infobip and Data Cohorts collaborate to transform customer experience within Malaysia life insurance market

Global cloud communications company Infobip has inked a partnership with Data Cohorts, a company specializing in Customer Communications Management and Business Process…

Sooho.io partners with Lambda256 to unify South Korea’s crypto infrastructure

Sooho.io, the South Korea-headquartered smart contract auditing firm, announced on Monday a strategic partnership with Lambda256, a subsidiary of Dunamu, operator of South Korea…

India’s Attero Recycling to invest $1 billion for global expansion

India’s largest and world’s leading li-ion battery recycling company Attero Recycling said Tuesday that it will invest $1 billion by 2027 for global expansion. Staying committed…

India’s SUGAR Cosmetics closes $50M Series D funding led by L Catterton

SUGAR Cosmetics (SUGAR), one of India's largest omnichannel beauty companies and a cult favorite amongst Gen Z and Millennial consumers, announced Monday the close of its $50…

Indian data insights start-up Synaptic raises $20M Series B funding from Valor Equity Partners

Synaptic, an India-based alternative data insights start-up, announced Tuesday the successful closure of $20 million in Series B funding round led by Valor Equity Partners.…