Vertical

Indonesian financial institution Bank Mandiri corporate venture capital subsidiary Mandiri Capital Indonesia (MCI) and Sydney and Singapore-based early stage venture capital firm Investible have teamed up to launch new global climate tech fund.

Singapore-based environmental, social, and governance (ESG) data and technology solutions company STACS, has launched upgrades to its ESGpedia platform, offering digital tools to help businesses and financial institutions comply with the increasing ESG regulatory requirements across Europe and Asia.

Shinhan EZ General Insurance, a subsdiairy of South Korean conglomerate Shinhan Financial Group Co. Ltd, is entering Indonesian insurance market via the partnership with Tap Insure, a strategic partner within the PasarPolis insurtech ecosystem.

The Monetary Authority of Singapore (MAS) has imposed a six-month pause on DBS Bank Ltd’s (DBS Bank) non-essential information technology (IT) changes to ensure that the bank keeps sharp focus on restoring the resilience of its digital banking services.

United States consulting firm Chemonics International announced Monday that it has invested $5 million in Philippine venture builder Talino Venture Studios. Supported by the investment, the two firms will work together to build groundbreaking, impact-driven, scalable technology solutions for individuals and communities in emerging markets and beyond.

Java Capital, an India-based deep tech venture capital fund, has on Tuesday announced the final close of INR 50 crore ($6 million) fund. The fund has seen participation from established founders from the Indian startup ecosystem, high net worth individuals (HNIs) based in India, Middle East and the United States.

The proposed business combination will be at an indicative equity value of $1 billion based on an independent valuation of the AirAsia Brand.

Following the investment, Mitsui’s stake in ADS will increase from 3.29 percent to 20 percent, resulting in an effective 12.69 percent stake in ADA.

Funding Societies | Modalku, the largest unified small and medium enterprises (SME) digital finance platform in Southeast Asia, has on Thursday announced that it has raised $7.5 million in debt from Norfund, a Development Financial Institution (DFI) which operates an investment fund owned by the Norwegian government for developing countries.