SEA

AtoZero Asean 2023 to be held in KLCC, Malaysia from Oct 4-6

AtoZero, or “Accelerate To Net Zero”, is a new series of events bringing together key decision makers and changemakers to comprehensively explore pathways, policies and business opportunities that will catalyse an acceleration of net zero pathways.

Funding Societies raises $27 million in debt funding from institutional investors

Funding Societies | Modalku, the largest unified small and medium enterprises (SME) digital finance platform in Southeast Asia, announced on Tuesday that it has successfully raised debt of $27 million. The funding was led by Asia-focused private credit financier AlteriQ Global, with multi-family office Aument Capital Partners (ACP), and…

Vietnamese Internet Platform VNG postpones US IPO – report

VNG has been exploring going public in the US since at least 2017.

Delivery Hero’s foodpanda’s business could be sold to Grab? – report

Delivery Hero plans to sell its activities under the foodpanda brand in Singapore, Cambodia, Laos, Malaysia, Myanmar, the Philippines and Thailand.

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.