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Singapore’s Wind.App raises $3.8M funding from Global Founders Capital, Spartan Group
Singapore fintech firm Wind.App has announced a successful $3.8 million pre-seed funding round. The round was co-led by Global Founders Capital and Spartan Group, and saw participation from prominent investors, including Saison Capital, Alumni Ventures and Tiny VC.
Chiliz welcomes Animoca Brands to its SportFi ecosystem
Malta-based blockchain firm Chiliz announced on Monday that Hong Kong-based gaming firm Animoca Brands has joined its blockchain network as a validator and leading participant, further decentralizing the governance of Chiliz Chain.
Malaysia’s SME Corp allocates $1.27M to Bumiputera youth entrepreneurs
SME Corporation Malaysia (SME Corp. Malaysia), an agency under the Ministry of Entrepreneur and Cooperatives Development (MECD) and Funding Societies, an unified SME digital finance platform in Malaysia and Southeast Asia, have allocated an initial fund of MYR 6 million ($1.27 milion) for Bumiputera youth entrepreneurs.
Malaysia’s JCorp invests $1.74 million into Singapore-based agritech firm Archisen
Malaysia-based state investment firm Johor Corporation (JCorp) Group will invest MYR 8.2 million ($1.74 million) into Singapore-based agritech firm Archisen Pte Ltd. FarmByte, a digital-first agrofood company within the JCorp, has signed a heads of agreement (HOA) with Archisen, proposing the FarmByte investment into Archisen and the establishment of an…
Grab-backed GXBank unveils beta bank app
GX Bank Berhad (GXBank), the Grab-backed Malaysian digital bank, is officially rolling out its beta app to selected 20,000 Malaysians users effective November 14, 2023. This comes after successfully testing the beta app amongst employees of the bank and partners.
Dubai launches $136M venture capital fund designed to finance technology startups
The Dubai Integrated Economic Zones Authority (DIEZ) has announced the launch of a venture capital (VC) fund worth $136 million. The fund is designed to finance technology startups and supports the economic objectives outlined in the Dubai Economic Agenda, D33 by promoting the growth of small and medium-sized enterprises (SMEs) in various emerging sectors.
The trifecta effect: Fostering consequential conversations at the intersection of policy, technology, and finance
To drive the global fintech industry in the #Web3 era, there is a pressing need to foster a more timely and synergistic dialogue between policymakers, technologists, and financial service experts — three industry stakeholders that have historically operated in siloes. For instance, in Southeast Asia, less than half of industry leaders believe regulators…
The promising and challenging terrain of embedded finance in Southeast Asia
In the rapidly evolving world of financial technology, few themes resonate as powerfully as embedded finance. It stands as a beacon that enables truly seamless and frictionless financial services for diverse industries, from #ecommerce and marketplaces to #remittance providers and smaller and medium-sized banks. Enterprises across these sectors are well…
AIZEN Global and Grab forge partnership in mobility finance
AIZEN Global, a South Korea-based artificial intelligence (AI)-powered financial services, has announced a strategic partnership agreement with Grab, Southeast Asia's leading super app. This dynamic collaboration is set to revolutionize the emerging realm of e-mobility finance, aligning with Grab's ambitious plans to introduce approximately 50,000 electric…
Grab delivers first adjusted profitable quarter as topline continues to grow
Southeast Asia superapp Grab said Thursday it has delivered the first adjusted earnings before interest, taxes, depreciation (EBITDA) profitable quarter as topline continues to grow. The group's adjusted EBITDA turned positive for the first time at $29 million for the third quarter, an improvement of $190 million compared to adjusted losses before interest,…
