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Ayoconnect partners Mastercard to build innovative solutions in bank-account based payments and open finance in Indonesia

Ayoconnect, an Indonesia-based open finance API platform, has on Tuesday announced a strategic partnership with Mastercard to modernize bank account-based payments and co-create open finance solutions in Indonesia.

Malaysia’s Wellous appoints Lee Koon Tan as group president

Wellous Group Limited, a Malaysia-based international nutrition company, has on Tuesday announced key leadership appointments to help further the company’s global expansion and prepare for transitioning to life as a public company. The firm has appointed Lee Koon Tan as the group's president. It has also announced the appointment of Jorrine Ang as chief…

Indonesia’s EdenFarm raises $13.5M funding led by TMI, AppWorks, AC Ventures

EdenFarm, a food service-focused startup based in Indonesia, has secured $13.5 million in its latest Pre-Series B bridge round led by Telkomsel venture arm Telkomsel Mitra Inovasi (TMI), AppWorks, and AC Ventures. The round was also supported by Decart Ventures, Fubon Capital, Trihill Capital, OCBC NISP Ventura, Nakhla and Capria Ventures.

CMC Markets gets approval to launch investment platform in Singapore

United Kingdom-listed CMC Markets Plc, a global online financial trading firm, has on Tuesday announced that its Singapore subsidiary entity, CMC Markets Singapore Invest Pte. Ltd. (CSMI), has received a regulatory in-principle approval from the Monetary Authority of Singapore (MAS) for a capital markets services licence (CMSL) to offer online and mobile…

China’s JD.com to shut e-commerce sites in Indonesia, Thailand – report

JD.com is China’s largest online retailer and its biggest overall retailer, as well as the country’s biggest Internet company by revenue.

Thai insurtech startup Eazy Digital raises $850,000 in oversubscribed seed round

Eazy Digital, a Thai insurtech startup that provides digital platforms for insurance companies, has raised $850,000 in an oversubscribed seed funding round. The round was led by Wavemaker Partners, with participation from Seedstars International Ventures, Wing Vasiksiri, and Sasin Bangkok Venture Club.

Shopee’s parent firm Sea to increase investment in Malaysia

Sea Ltd,a Singaporean global consumer internet company, through its e-commerce platform Shopee, has committed to expand its investments in Malaysia. SEA's proposed expansion plans in Malaysia involving the setting up of cloudservices, data hosting and processing, as well as new logistics e-commerce warehouse.

Work-life harmony: Thriving in a new normal where boundaries are blurred

There is no doubt the global pandemic has changed forever the way and the place where we work and live.  The traditional boundaries have blurred, giving rise to an enormous opportunity for the travel and hospitality industry to serve this new-world global citizen.

Singapore’s ComfortDelGro invests $4.37M in global venture capital fund Shift4Good

Singapore-based taxi firm ComfortDelGro Corporation, said Wednesday it has invested €4 million ($4.37 million) in Shift4Good, a global independent venture capital impact fund dedicated to sustainablemobility. In so doing, it becomes the fund’s first strategic investor in South East Asia and joins other industry heavyweights like Renault Group as strategic…