SEA
Airasia Super App launches e-hailing service in Thailand
The Airasia Super App, which was officially launched in Thailand earlier in February announced Tuesday the start of operations for its e-hailing service, Airasia Ride in Bangkok. Thailand becomes the second country for Airasia Ride’s ASEAN expansion, and will offer taxi rides as part of its first phase of entry into the market.
GoTo’s 1Q22 gross revenue grows 53 percent to $357.38m
PT GoTo Gojek Tokopedia Tbk (GoTo Group), the largest digital ecosystem in Indonesia, announced Monday that its gross revenue for the first quarter of 2022 (1Q22) increased by 53 percent year on year to Rp5.2 trillion ($357.38 million), representing an improvement in take rate from 3.5 percent to 3.7 percent due to better monetization in e-commerce and…
Renewable energy rises to the occasion as oil & gas prices spike
Some of the venture capital firms have already started scouting opportunities to invest in renewable energy startups in the region.
Fintech Pebble seeking to catalyze the mass adoption of Blockchain with $6.2M fundraise
Pebble has launched an app that pays you to save, spend, and send your money in one digital wallet. With the rollout of the product, Pebble concurrently announced their $6.2M raise to ignite the growth of The Money Revolution.
Singapore’s Funding Societies expands financing offerings for MSMEs via Islamic FinTech facilities
Funding Societies, the Singapore-based small and medium-sized enterprise (SME) digital financing platform, on Wednesday introduced its Shariah-compliant trade financing solutions based on Commodity Murabahah (Tawarruq) for creditworthy and underserved Malaysian micro, small, and medium enterprises (MSMEs) seeking to grow their business or expand their…
Grab Financial Group launches new brand GrabFin
Grab Financial Group (GFG), a Singapore-based fintech platform, announced Monday that it will be launching GrabFin, a new brand for its digital payments, insurance, lending and wealth management offerings. Following its launch in Singapore and Malaysia, the GrabFin brand will be progressively rolled out in other Southeast Asian markets in the coming months.
Mass-market metaverse builder Virtualtech Frontier announces backing by 500 Global
Southeast Asian Metaverse Builder Virtualtech Frontier (VTF), which has an extensive background in developing virtual environments, NFTs, and game development, has announced its vision to create a high utility Metaverse platform. Backed by venture capital firm 500 Global, the fresh funds will go towards team expansion to serve their waitlist of customers.
Indonesian culinary multi-brand firm Hangry eyes up to 100 outlets in 2022 while hunting for M&A targets
The company’s expansion will focus on Indonesia first before starting to expand regionally in 2024.
Singapore’s Oddle raises $5M in Pre-Series B funding
Funds from this bridge round will power product development and regional market expansion in Singapore, Malaysia, Taiwan and Hong Kong.
Japan’s SBI, South Korea’s Kyobo & NTU Singapore to raise $75M venture fund
The fund aims to accelerate digital transformation in Southeast Asia and South Asia through the combined operational expertise, regional go-to-market connections and extensive industry network across the three general partners.
