SEA

Singapore EdTech firm Creative Galileo raises $2.5M in seed round led by Kalaari Capital

The funds will be used to expand across Southeast Asia and integrate local languages within the platform.

Credit Suisse recognizes AirAsia Digital as tech unicorn alongside Carsome, Axiata’s Edotco

AirAsia Digital is valued at around $1 billion based on all-share transaction in July 2021, as reported by the company, Credit Suisse said in the report dated Oct 5.

Xfers’ digital assets platform StraitsX hits $1.48B in transactions in 2021

Adding on to this announcement is the unveiling of StraitsX’s new platform and identity. The new StraitsX platform features a redesigned and streamlined user interface to enable faster and more efficient navigation.

Singapore-based Funding Societies raises $18M in debt, on track to raise $120M

It is on track to raise $120 million in institutional debt for funding the growth needs of MSMEs in Southeast Asia.

Atome partners Softbank-backed travel tech firm Klook to expand BNPL services

The partnership will start in Singapore before rolling out to Hong Kong, Malaysia, and the Philippines in the coming months.

Malaysia-based telemedicine firm DOC2US expands to Myanmar

DOC2US is also actively talking to other partners in neighbouring countries such as Cambodia, Laos and Vietnam to improve the accessibility to healthcare in those countries.

Mekong Capital invests $15M into Vietnam-based genetic testing firm Gene Solutions

Gene Solutions is the sixth investee company announced by Mekong Enterprise Fund IV.

Online brokerage Ajaib becomes Indonesia’s latest unicorn after raising $153M Series B round

The Jakarta-based startup has reached a valuation of $1 billion after raising $153 million in a financing round led by DST Global.

Grab to increase stakes in Indonesia-based e-wallet OVO to 90% – report

Grab has increased its holding in Ovo's parent company PT Bumi Cakrawala Perkasa from about 39 percent.