SEA

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.

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.

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.

Carsome is ready for an initial public offering (IPO) but is in no rush to list.

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’s inaugural Web3 product is now live in the availability zones of Hong Kong and Singapore, serving customers worldwide.

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.

PetPal Club subscription service provides users unlimited teleconsultations for up to two pets annually, along with discounts on pet services. A mobile app version is expected to launch later this year.

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.

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