Asia

WeLab and Astra complete Bank Jasa Jakarta acquisition

WeLab, a Hong Kong-based fintech platform, announced Monday the completion of the acquisition of an Indonesian commercial bank, PT Bank Jasa Jakarta (BJJ), together with PT Astra…

Singapore skyline SGX SPAC

MAS and IFSCA to pursue cross-border FinTech innovations

The Monetary Authority of Singapore (MAS) and the International Financial Services Centres Authority (IFSCA) on Monday signed a FinTech co-operation agreement (CA) to facilitate…

Hong Kong’s Animoca Brands to acquire US gaming firm WePlay Media

Animoca Brands, the Hong Kong-based blockchain gaming firm, announced Friday it will acquire WePlay Media, developer of MotoGP™ Championship Quest, to further solidify user…

US’s Sigmoid closes $12M primary and secondary fundraise from Sequoia Capital India

Sigmoid, a United States-based data engineering, analytics and artificial intelligence (AI) solutions company, announced Thursday that it has closed a Series B investment of $12…

Sequoia India and Southeast Asia’s Surge back EdTech firm Virtual Internships $14.3M fund raise

Virtual Internships, a Vietnam and United Kingdom-based EdTech company, announced Thursday that it has closed a $14.3 million Series A raise led by Hambro Perks. The round was…

Japan’s Softbank considers launching third Vision Fund – report

Japan-based tech investor SoftBank Group Corp is said to be considering the launch of a new giant startup fund, the Wall Street Journal reported on Wednesday, quoting people…

US’s Orbital Insight expands to Southeast Asia with Thailand as its first target

Orbital Insight, a geospatial analytics and location intelligence solutions provider based in Palo Alto, California, announced Thursday its expansion into Southeast Asia, with…

Amasia creates impact assessment framework to evaluate climate impact for early-stage companies

Amasia, a global early-stage venture capital firm focused on sustainability and climate, said Wednesday it has created a robust impact assessment framework to evaluate and manage…

Asset tokenization projected to grow 50 times into $16T opportunity by 2030, says BCG, ADDX report

A newly-published report by global consulting firm BCG and ADDX, the digital exchange for private markets, forecasts that asset tokenization will expand into a $16.1 trillion…

Singapore’s DBS partners with Hong Kong’s The Sandbox to launch ‘DBS BetterWorld’

DBS, a Singapore-based financial services group, announced Friday a partnership with The Sandbox, a Hong Kong-based decentralised gaming virtual world and a subsidiary of Animoca…