SEA

This is in line with Grab Financial Group’s move to be more merchant-centric in its offerings and support its merchants’ business growth across the region.

The acquisition enables Novatti to scale existing ATX businesses while looking to introduce additional Novatti services to the Malaysian market, such as billing.

The Southeast Asian fund will start expanding its investment mandate and investing more into countries like Vietnam, and the Philippines.

Indonesia’s retail market is estimated to be around $300 billion, of which 70-80 percent is traditional retail--with this market growing 8 percent year on year, the potential is enormous.

This funding will enable Atome Financial to grow and connect a wider ecosystem of merchants to a larger customer base, improving product access and financial inclusion for consumers across the region.

The funds will be used to expand across Southeast Asia and integrate local languages within the platform.

AirAsia Digital is valued at around $1 billion based on all-share transaction in July 2021, as reported by the company, Credit Suisse said in the report dated Oct 5.

Adding on to this announcement is the unveiling of StraitsX’s new platform and identity. The new StraitsX platform features a redesigned and streamlined user interface to enable faster and more efficient navigation.

It is on track to raise $120 million in institutional debt for funding the growth needs of MSMEs in Southeast Asia.

The partnership will start in Singapore before rolling out to Hong Kong, Malaysia, and the Philippines in the coming months.