SEA

The National Bank of Cambodia (NBC), the central bank of Cambodia, has officially joined the Regional Payment Connectivity (RPC) initiative, further strengthening regional financial integration in Southeast Asia.

The Southeast Asia (SEA) FinTech startup ecosystem witnessed a total of $193 million in funding, which marks a 66 percent drop compared to the $584 million raised in the first quarter of 2024 and a 30 percent decline from the $274 million raised in the fourth quarter of 2024, Tracxn said Thursday.

J&T Global Express Limited (J&T Express), a global logistics service provider, announced Thursday that the company achieved a total parcel volume of approximately 6.6 billion in the first quarter of 2025, a 31.2 percent year-over-year increase.

Workday, Inc., the global artificial intelligence (AI) platform for managing people, money, and agents, has on Wednesday announced the appointment of Jess O'Reilly as the General Manager for its ASEAN business.

While there have been numerous media reports in the past weeks of a potential merger between Grab and GoTo, Maybank Investment Bank opined that acquisition of Gojek would be the most favorable scenario for Grab, leading to maximum synergies while preserving balance sheet strength.

Nexus Global Payments (NGP) has on Thursday announced that it has been formally incorporated as a company limited by guarantee in Singapore to operationalize and manage the Nexus scheme for enabling safe and instant cross-border payments at scale.

Southeast Asian car e-commerce platform Carsome Group Inc. has on Thursday announced a multi-year collaboration with Google Cloud, and Searce to fuel its continued expansion and growth in the markets where it operates.

Pentagreen Capital and British International Investment (BII) have announced a joint financing of $80 million to accelerate the rollout of utility-scale solar and battery storage projects across Southeast Asia in collaboration with leading international renewable energy development platform ib vogt Singapore Pte. Ltd. (ib vogt).

Granite Asia, a multi-asset investment platform focused on technology, and Integral Corporation, Japan’s publicly listed private equity firm, have announced the formation of Granite-Integral, a joint venture designed to invest in high-growth companies with a strong Japan nexus.

Grab Malaysia said it recognises the government’s holistic approach to fostering inclusive economic growth by driving digitalisation to empowering MSMEs.