Singapore

UNObank to pilot in the Philippines as Xebia partners with Singapore-based DigibankASIA to launch the full-service digital bank

It will be a full-service digital bank that will have its pilot launch in the Philippines with a target to expand across the region.

Singapore leads Southeast Asian FoodTech movement as Next Gen secures $10M Seed fund to launch its plant-based chicken alternative

Southeast Asia continues to grow in the FoodTech and meat alternative industry as investors continue to back foreign and regional companies. Singapore spearheads the movement with multiple startups and key investments in the industry.

TransCelestial

Wireless tech startup Transcelestial to enter Philippines’ internet infrastructure market with $2M investment from Kickstart Ventures

The company aims to address the Philippines’ Internet infrastructure bottleneck problem through its tech. It plans to provide ISPs, enterprises, and government agencies with a cheaper alternative to traditional fiber optic cables without compromising on internet quality and reliability.

The Bot MD Team (Credit: Bot MD)

Bot MD secures $5M Series A amid pandemic-driven demand for MedTech

Fresh capital will be used to expand in other Asia-Pacific countries such as Indonesia, Malaysia, India, and the Philippines and improve the platform to include new features based on accelerated demand driven by the pandemic. 

Brinc and Future Health Asia launch accelerator program for MedTech startups

Brinc’s partnership with Future Health Asia will bolster the value that is provided to selected MedTech startups through the integration of both their networks, expertise and jointly created educational content.

IMMedia Series A

[Updated] IMMedia secures Series A funding to scale its data-driven content marketing platform

The platform creates new audience engagement metrics with actionable recommendations and predictions to increase the effectiveness of content across multiple complex markets, enabling IMMediate to deliver maximum audience engagement, conversions, leads and long-term ROI.

Lendela $2M Pre Series A

Personal loan platform Lendela gets $2M in pre-Series A financing to support business expansion

With this capital infusion, Lendela intends to fund expansion activities. Operating in Singapore and Hong Kong, the FinTech’s growth plan focuses on gaining more customers and broadening its reach in its existing markets.

Tower Capital PE Fund I $250M close

Tower Capital PE Fund I has first close at $250M, seeks mid-market investments in Southeast Asia by Q1 2021

The fund targets to invest in companies across consumer education, healthcare, manufacturing, and business services in Southeast Asia, with focus on Singapore

Legal management platform Lupl raises $14M, readies for Q2 launch with new appointments

Legal management platform Lupl raises $14M, readies for Q2 launch with new appointments

Lupl is a privately-held company based in Washington, DC specializing in the management of large volumes of legal transactions. It has been increasing its presence in Asia as it recently signed a Memorandum of Understanding (MoU) with the Ministry of Law of Singapore to advance the city-state’s legal sector digitalization.

Bluzelle blockchain database mainnet launch

Decentralized data delivery network Bluzelle to launch mainnet on February 3rd

Bluzelle says that customers who have already been using the company’s decentralized database service will find a seamless transition from the previous blockchain network. The mainnet is a hard fork from the soft mainnet, the company explained.