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Linnovate Partners raises $40M in funding led by SeaTown

Linnovate Partners, a Singaporean firm involved in asset servicing and fintech for the alternative investment industry, has announced the successful closure of $40 million funding commitment by SeaTown Private Capital Master Fund.

Australia’s MetroElectro secures $680,000 from Wavemaker Impact to develop mid-sized renewable power plants

MetroElectro, a climate tech startup based in Australia, has secured AUD 1.04 million ($680,000) from Singapore-based climate tech venture builder Wavemaker Impact to develop mid-sized renewable power plants.

Indonesia’s Ministry of Health strengthens collaboration with Google Cloud for generative AI healthcare solutions

The Ministry of Health of the Republic of Indonesia (Kementerian Kesehatan) has on Tuesday announced an expanded collaboration with Google Cloud to support the development of healthcare-specific generative AI (gen AI) innovations, aligning with the goals set out in the Indonesian government’s blueprint for digital health transformation and Digital Indonesia…

Singapore’s NSG BioLabs raises $14.5M in financing round led by Celadon Partners

NSG BioLabs, Singapore's largest provider of biotech co-working laboratory and office space, has successfully concluded a $14.5 million financing round. The round was led by Celadon Partners, an Asian private equity firm.

Agritech platform Rize raises $14M in Series A funding co-led by Breakthrough Energy Ventures, GenZero, Temasek, Wavemaker Impact

Rize, an agritech startup formed through a joint venture between Temasek, Wavemaker Impact, Breakthrough Energy Ventures, GenZero to decarbonize rice cultivation in Asia, has announced the closing of its $14 million Series A funding round.

Verified connections: Redefining social media interactions through provable identities

While the landscape of #SocialMedia and #Web3 is evolving, many social platforms typically offer limited, if any, financial rewards for user engagement and content creation, leaving a gap to be filled. And this is where the emerging SocialFi space is stepping in and offering approaches that fill this void. 

Alipay+ partners Nepal Clearing House Ltd to enable merchants in Nepal to accept cross-border mobile payments from travellers

In the coming months, users of more than 10 mobile wallets and banking apps, which are payment partners of Alipay+ will be able to use cashless payments when they travel to Nepal.

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The future of AI and education

A transformed #education landscape featuring thoughtfully introduced #AI means more than frazzled, fatigued teachers and happier, more productive students. By preparing an incoming labor force better suited for current and emerging jobs, it can easily be a key to next-generation prosperity: the individual kind, and the national kind.

Indonesia’s Elevarm secures $2.6M in seed funding to empower horticulture farmers

Funding round led by Singapore’s Insignia Ventures Partners, with participation from 500 Global and Gibran Huzaifah, CEO and Founder of eFishery.

Carsome reports first quarterly profit, “on track” to achieve first full-year profitability this year

Carsome has also marked another achievement in its growth trajectory, surpassing the sale of 500,000 cars since its inception in 2015. This milestone was achieved in just two years after crossing 100,000 cars in 2021. Last year, the group sold over 150,000 cars.