SEA
UnaFinancial: share of fintech in the GDP of Singapore will reach 3.56 percent in 2027
Analysts of UnaFinancial has projected that share of fintech in the gross domestic product (GDP) of Singapore will reach 3.56 percent in 2027. In 2022, 0.32 percent of Southeast Asia (SEA)’s GDP consisted of venture and other investments in the fintech industry. By 2027, this share is projected to reach 1.65 percent, growing five times.
Japan’s Terra Drone expands to precision agriculture sector after acquiring Avirtech
Terra Drone Corporation, a drone and Urban Air Mobility (UAM) technology provider based in Japan, has expanded into the precision agriculture sector by acquiring the business of Avirtech, a startup providing agricultural drone spraying and mapping service in Southeast Asia.
Backed by three unicorns, Indonesia’s InsurTech firm PasarPolis gears up to disrupt insurance industry
In the interview, Van Zyl also shared PasarPolis’ short-term and long-term plans, the company’s strategy and the challenges it faced. He also shared his views on the overall insurance industry in Indonesia and Southeast Asia.
IFC & Indonesia’s FinTech platform Amartha partner to support women-owned micro-enterprises in Indonesia
The International Finance Corporation (IFC) and Amartha, an Indonesian microfinance fintech platform, have developed an innovative funding solution to boost access to finance for women-owned micro-enterprises.
Vietnam’s EV maker VinFast plans Asia expansion; to build plant in Indonesia in 2026
VinFast, formed and almost entirely controlled by Vietnam richest man Pham Nhat Vuong, also plans to invest around $1.2 billion in the Indonesian market in the long-term.
Hong Kong’s cross-border eCommerce enabler Buyandship secures initial $10M in Series B funding, plans to expand into SE Asia
The funds will be allocated to automation of operations, research, and development in Artificial Intelligence (AI) and Machine Learning, and market expansion into the Southeast Asia (SEA) region.
Malaysia’s unicorn Carsome open to new funding, open to dual-listing – report
Carsome is ready for an initial public offering (IPO) but is in no rush to list.
SUSI Partners to acquire sizeable commercial & industrial solar PV projects in Southeast Asia
Swiss-based fund manager SUSI Partners, through its Asia Energy Transition Fund, has entered into a partnership with experienced clean energy developer BayWa r.e. for the development, construction, and operation of commercial and industrial solar PV projects in Malaysia, Thailand, Vietnam, the Philippines, and Indonesia.
Tencent Cloud launches inaugural Web3 Product Tencent Cloud Blockchain RPC for developers & enterprises
Tencent Cloud’s inaugural Web3 product is now live in the availability zones of Hong Kong and Singapore, serving customers worldwide.
Vertex Ventures SEA & India completes Fund V’s final close at $541M
The fund corpus includes a dedicated co-investment envelope of $50 million for co-investing alongside the main fund in startups led by women founders.
