Malaysia
Axiata’s FinTech arm Boost Holdings said to be weighing funding round – report
Boost Holdings is said to be working with a financial adviser on the potential fundraising, which may give the start-up a valuation of $700 million.
Airasia SuperApp average monthly active users up 12 percent q-o-q in first quarter
Airasia SuperApp recorded 12.9 million average monthly active users (MAU) in the first quarter of 2023, up by 12 percent quarter on quarter, its parent firm Capital A Berhad said Thursday.
Malaysian AI Startup VOX scores $250,000 investment from Silicon Valley
Malaysian-born artificial intelligence (AI) startup VOX said Monday it has harnessed ChatGPT with Sharly.ai and scored a $250,000 investment from Silicon Valley.
Malaysia Central Bank to co-host virtual AML/CFT Hackathon 2023 to help crack down on financial crime
Malaysian Central Bank, in partnership with the Financial Intelligence Consultative Group (FICG), will be co-hosting the AML/CFT Hackathon 2023 from June 1 to 28, 2023 to develop digital solutions to help combat financial crime.
Breakeven is near for Malaysian unicorn Carsome, says CEO Eric Cheng
“We've been seeing consistent growth coming not just from the volume of the transactions but at the same time, the margin potential has also been increasing with the help of retail business and ancillary services,” its Co-Founder and Chief Executive Officer Eric Cheng said .
ScaleUp Malaysia announces Cohort IV and investments in seven Companies
ScaleUp Malaysia has announced its Cohort IV and investments in seven innovative companies. The companies selected for Cohort IV are BeeBag, Docspe, Huddle, Petotum, Stayhere, and Kabel who will receive a $100,000 investment each, while the seventh company, Sonicboom, will receive an undisclosed strategic investment.
City Energy partners Gentari for hydrogen import and cross-border EV charging networks
Singapore's gas utility provider City Energy and Petroliam Nasional Bhd (Petronas)'s clean energy solutions provider Gentari Sdn Bhd (Gentari), have signed two memoranda of understanding (MOU) to jointly conduct feasibility studies of a hydrogen supply chain between the two countries, and create electric vehicle (EV) charging network.
Malaysia’s MDEC eyes $230M digital investments by 2025
The Malaysia Digital Economy Corp (MDEC), a Malaysian government agency tasked to lead the digital transformation in the country, is eyeing MYR1 billion ($230 million) worth of digital investments from nine sectors by 2025, through its Malaysia Digital Catalytic Programs (Pemangkin).
Malaysia’s Care Concierge aims to set up caregivers academy and technology app with GDIV funds
Malaysian home care services provider for elderly Care Concierge aims to utilize the funding it received from the Gobi Dana Impak Ventures (GDIV) fund in setting up caregivers academy and technology app.
Tokio Marine, Finology, KirimMan partner to offer insurance to gig economy workers in Malaysia
Tokio Marine Insurans (Malaysia) Berhad (Tokio Marine), a subsidiary of Japan-based insurance firm Tokio Marine Holdings Inc., has partnered with Malaysia-based logistic solution KirimMan and Malaysia-based fintech company Finology, to offer affordable insurance products for gig economy workers in Malaysia, with a focus on delivery riders.
