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Boost partners CelcomDigi to launch global prepaid card in Malaysia
Malaysia-based FinTech firm Boost has partnered mobile service provider CelcomDigi to launch global prepaid card on the Mastercard network. The prepaid card which is called the Beyond Card is the first two-in-one international card in Malaysia, enabling customers to access funds from Boost wallet balance and utilize a pre-approved credit line.
Altara Ventures and Gentree Fund co-lead $3M seed round into Philippine startup Kita
Philippine agritech startup Kita has closed its oversubscribed $3 million seed round with Gentree Fund and Altara Ventures as co-lead investors. With the fundraising proceeds, the firm aims to digitize the agriculture supply chain through big data and artificial intelligence (AI).
Indonesia’s ALAMI raises growth investment and strengthens senior management team
Indonesia-based fintech firm ALAMI Group has on Thursday announced the completion of a growth investment round led by Indonesia-only venture capital firm Intudo Ventures. The round is also participated by existing investors such as East Ventures (Growth fund), AC Ventures, Quona Capital, and Golden Gate Ventures.
Digital adoption in Asia: An unstoppable juggernaut transforming economies
As we chart the course of Asia's digital journey, let's remember that while technology is the vehicle, it's people who are driving the change. And it is their stories, their triumphs, and trials that will define the contours of this brave new digital world. #DigitalAdoption #DigitalTransformation #Asia
AirAsia Cambodia partners Oriental Bank to offer innovative payment solutions for flight bookings
AirAsia Cambodia has on Thursday announced a strategic partnership with Oriental Bank Plc, a digital banking institution in the country, to offer innovative payment solutions for flight bookings tailored to the needs of Cambodian guests.
East Ventures and SV Investment announce the $100M dedicated fund for Southeast Asia
East Ventures, an Indonesia-based venture capital firm, and SV Investment, a South Korea-based venture capital and private equity firm firm, have on Friday announced the $100 million dedicated fund for Southeast Asia. This fund aims to open the investment corridor between the Southeast Asian and Korean venture ecosystem, including capital investment,…
Vietnam’s VinFast net loss increases despite rising revenues
Vingroup JSC automaker arm VinFast Auto Ltd, has reported higher net loss in the third quarter despite rising revenues. The firm's net loss for the quarter stood at $622.9 million, representing an increase of 33.7 percent from the third quarter of 2022 and an increase of 19.7 percent from the second quarter of 2023.
Aampe secures $7.5M in funding led by Matrix Partners India, Peak XV Partners
Aampe, an artificial intelligence (AI)-native user engagement platform, has on Thursday announced a $7.5 million Pre-Series A funding round led by Matrix Partners India and Peak XV Partners (formerly Sequoia Capital India & SEA). The new capital will support product development and fuel growth as the company continues its rapid global expansion.
Avnet appoints master distributor of Kerlink to advance IoT strategy across Asia Pacific
Global technology distributor and solutions provider Avnet has recently signed a contract with Kerlink, a provider of internet of things (IoT) solutions based in France, formalizing its role as master distributor of Kerlink's LoRaWAN gateway products and associated software services in Asia Pacific.
Malaysian Central Bank to finalize DITO Framework in first half of 2024
Malaysian Central Bank said Thursday that it will be refining several aspects of the Digital Insurers and Takaful Operators (DITO) Framework. Bank Negara Malaysia plans to finalize the framework by the first half of 2024.
