Malaysia
Malaysia’s Ficus Capital announces $13.58M fund to invest in Malaysia and South East Asia growth startups
Malaysian based venture capital firm Ficus Capital has on last Friday announced its intent to continue investing in Malaysian and South East Asian startups with global growth potentials. With its flagship MYR 60 million ($13.58 million) fund, Ficus SEA, the world’s first shariah compliant venture capitalist is looking for revolutionary, sustainable and…
Ni Hsin partners with SIRIM to set up lithium-ion battery recycling plant
Malaysia-listed Ni Hsin Group Berhad has on Thursday signed a strategic collaboration with SIRIM Berhad to set up a lithium-ion battery recycling plant in Malaysia.
Ni Hsin partners VSD Automation for EV motorcycles distribution
Ni Hsin EV Tech Sdn Bhd (NH EV TECH), a wholly-owned subsidiary of Malaysia-listed Ni Hsin Group Berhad, has on Friday entered into an business partnership agreement (BPA) with VSD Automation Sdn Bhd (VSD) for the distribution and market segmentation of TAILG EBIXON EV motorcycles in the local and international markets.
Teleport raises $50M to extend cross-border delivery services in Southeast Asia
Teleport, the logistics venture under Malaysia-based Capital A Berhad (formerly known as AirAsia Group Berhad), has raised new growth capital of $50 millionfrom large institutional credit investors to extend its cross-border delivery capabilities in all key Southeast Asian markets.
Malaysia’s Wellous to list on NASDAQ in merger with Malaysia-based SPAC Kairous Acquisition
Founded in 2016, Wellous is a health food and nutrition company that develops, manufactures, markets and distributes trusted and beneficial health and wellness products. The company said it offers only the best of nature, the most precious ingredients from a wide sourcing network. Based in Malaysia, Wellous’s products and services are distributed through…
Capital A launches airasia gifts with South Korea’s COOP Marketing Groupon for airasia super app
Capital A has launched mobile gifting offering aptly named ‘airasia gifts’, in partnership with COOP Marketing Group, a South Korean mobile voucher industry player who has also been establishing strong footprints in the ASEAN region.
AirAsia launches new low cost airline in Cambodia
AirAsia Aviation Group Limited (AAAGL), the aviation arm of Capital A Berhad, has on Friday signed a joint venture (JV) agreement with Sivilai Asia to establish AirAsia Cambodia, a new low cost airline in the Kingdom of Wonder.
Cloud, embedded finance, and no code/low code expected to influence financial services in Malaysia in 2023
Cloud, embedded finance, and no code/low code expected to influence financial services in Malaysia in 2023, according to annual Partner Predictions report revealed by software as a service (SaaS) cloud banking platform Mambu on Thursday.
MIDA, CREST team up with Dassault Systèmes to enhance cloud-based collaboration for SME
Malaysian Investment Development Authority (MIDA) and Collaborative Research in Engineering, Science and Technology Centre (CREST) have partnered with French software company Dassault Systèmes to build Malaysia’s small and medium-sized enterprise (SME) Industry 4.0 Readiness.
Malaysian EWA startup Paywatch raises $9M funding led by Third Prime
Malaysian earned wage access (EWA) service provider Paywatch has raised $9 million in a Pre-Series A funding round led by returning investor Third Prime. The round also saw participation from Hana Ventures (the venture arm of Hana Financial Group in Korea), Parkwood Corp. and notably, the endowments of Vanderbilt University and University of Illinois…
