SEA

Regional InsurTech firm Igloo expands Thailand operations to support country’s $32B insurance industry

Igloo has appointed John Chen as Country Manager, Igloo Thailand. In his new role, Chen will spearhead the growth and operations of Igloo in the market, in addition to establishing more strategic partnerships and delivering an expanded range of insurance products to Thai consumers.

Singapore’s Grab adds Web3 services to its super app – report

Users can now set up a web3 wallet, win blockchain-based rewards, pay with NFTs and more.

Tencent Cloud says international business posts strong growth

In the first half of 2023, international business posted double digit revenue growth, with particularly strong performances in Japan, Singapore, Malaysia, Indonesia, Europe, and the Middle East.

500 Global closes $143M across early-stage & growth vehicles for Southeast Asia; ropes in Khazanah, KWAP & EPF as LPs

Limited partners (LPs) across its early-stage and growth investment vehicles include a sovereign wealth fund, public and private pension funds like Khazanah Nasional Bhd, Kumpulan Wang Persaraan (Diperbadankan) [KWAP], and Employees Provident Fund (EPF).

Singapore’s talent recruitment firm Glints’ revenue hits record highs; up 85% y-o-y, gross profits up 110%

Glints announced in December last year it is reducing its team size and retrenching some of its staff.

Josys raises $93M Series B to drive expansion & revolutionize global IT operations

Global Brain and Globis Capital Partners led the latest infusion of capital, bringing its total funding to $125 million.

Funding Societies partners PEKEMA to bolster Malaysian automotive industry via digital financing

Funding Societies, the Singapore-based digital finance platform for small and medium enterprises (SMEs), and the Malay Vehicle Importers and Dealers Association of Malaysia (PEKEMA) and have entered into a collaborative effort to facilitate accessible financing through a digital financial platform. The collaborative agreement, formalized through this…

Singapore’s Eureka AI partners with Google Cloud for Telecom Analytics as a service

This partnership with Google Cloud allows Operators to offer their B2B enterprise partners Eureka AI’s highly scalable and privacy secure suite of products that help them to grow their digital business and financial inclusion.

Vietnam joins regional payment connectivity initiative

State Bank of Vietnam (SBV), the central bank of Vietnam, has officially joined the regional payment connectivity (RPC) initiative. The RPC initiative was established to strengthen and enhance collaboration on payment connectivity through the development for faster, cheaper, more transparent, and more inclusive cross-border payments.