SEA
Funding Societies crosses $27.8M in loan disbursements to SMEs in Thailand
Funding Societies | Modalku, the Singapore-based small and medium enterprise (SME) digital financing platform, has on Wednesday announced that its Thai business (Funding Societies Thailand) has reached THB1 billion ($27.8 million) in loan disbursements to small businesses in the country for year-to-date 2022.
Vietnam’s Society Pass partners with Stripe to ease payments settlement
Society Pass Incorporated (SoPa), the Vietnam's based data-driven loyalty, fintech and e-commerce ecosystem, has on Monday announced the integration of Stripe’s financial infrastructure solutions onto the SoPa platform to power transaction settlement services for merchants and customers on SoPa’s ecosystem.
Thailand Accelerator project launched to assist Thai & Southeast Asia startups in raising capital, accelerating growth
Thailand Accelerator is still accepting applications from organizations interested in collaborating and supporting the initiative. You can reach them at accelerator@techsauce.co
Singapore’s ComfortDelGro partners Indonesia’s Gojek to tackle transport industry issues
Singapore-based taxi operator ComfortDelGro and Indonesia-based on-demand mobile platform Gojek are coming together to jointly explore ways to address key issues affecting the point-to-point transport industry, including driver shortage.
Yangzijiang Financial partners Heliconia Capital to launch $109M fund to invest in Southeast Asian SMEs
Singapore-listed financial firm Yangzijiang Financial Holding Ltd, has partnered with Temasek-backed investment firm Heliconia Capital Management Pte. Ltd. (Heliconia), to launch S$150 million ($109 million) fund to invest in promising small and medium enterprises (SMEs) in Singapore and other Southeast Asian countries.
Singapore’s Chinese media platform 7.5 Degree raises $ 1.4M in Pre-Series A Funding
Launched in 2017, the Singapore-based brand 7.5 Degree has been the first Chinese digital media that focus on Southeast Asia's new economy.
PropertyGuru’s revenue rises 47 percent year on year to $25.1M in 3Q
PropertyGuru Group Limited, the Singapore-based property technology company, announced Monday its revenue for the third quarter this year rose 47 percent year on year to S$34.6 million ($25.1 million), underpinned by consistent growth in all markets and segments. Its net loss was S$7.4 million ($5.37 million) in the quarter and its adjusted earnings before…
ESR’s ARA partners Export–Import Bank of China for $1B infrastructure fund
ESR Group Limited's ARA, a Singapore real asset fund manager, announced Monday it has entered into a partnership with the Export–Import Bank of China for the closing of a $1 billion infrastructure fund – China-ASEAN Investment Cooperation Fund1 II (CAF II). The fund will invest in ASEAN countries across various infrastructure, energy resources including…
Grab’s 3Q revenue up 143 percent year on year to $382M
Singapore-based super app Grab announced Thursday that its revenue surged 143 percent year on year to $382 million in the third quarter ended September 30, driven by strong growth in mobility and deliveries revenue. The firm has achieved segment adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) breakeven for overall…
SEA Group’s revenue up 17 percent year on year in 3Q
Singapore-based consumer internet company SEA Group announced Tuesday that the group's revenue rose 17.4 percent year on year to $3.2 billion in the third quarter ended September 30, 2022, as its e-commerce revenue surged. The group's e-commerce revenue for the third quarter jumped 32.4 percent year on year to $1.9 billion.
