Investments
Taiwan’s XREX raises $17M in Pre-Series A funding round led by CDIB Capital
XREX will use the funding to expand its fiat currency portfolio, acquire additional licenses, and forge partnerships with more financial institutions and digital wallets.
Political uncertainties in Malaysia seen as ‘short-term risks’, say tech investors
Venture capitalists TechNode Global contacted opined that political issues will have little impact on investors' confidence in Malaysian tech startups. The tech industry in the country will continue to grow due to the ongoing pandemic which has accelerated digitalization.
Indonesia’s GoTo to complete $2B funding round, eyes IPO in 2022 – report
The delay comes as Indonesia's Financial Services Authority (OJK) considers new listing guidelines for tech companies to offer dual-class shares that confer different voting rights.
Malaysia home finishing product marketplace HOMA2U bags $567K funding
HOMA's plans to expand to 10 more new locations by 2022.
AirAsia’s logistics arm Teleport to acquire food delivery platform Delivereat for $9.8M
The deal values Teleport at $300 million and welcomes investors, including Kuala Lumpur and Shanghai-based venture capital firm Gobi Partners onboard.
Singapore’s Parcel Perform bags $20M in Series A funding from Cambridge Capital, Softbank Ventures Asia
Parcel Perform will use the fresh funding to build out its technology offerings and invest further in artificial intelligence (AI) solutions.
AirAsia’s BigPay raises up to $100M in financing from South Korea’s SK Group
BigPay said the funding from SK Group further strengthens AirAsia’s digital endeavor as it accelerates the scope of growth for its digital businesses, including logistics and financial services.
Singapore property platform Ohmyhome raises $5M in Series A+ funding
The company will use the fresh capital to enhance its data-matching technology across its Singapore, Malaysia, and Philippine markets.
China’s Huawei to invest $100M in Asia Pacific startup ecosystem over 3 years
The investment would go towards its Spark Program in the Asia Pacific region, which aims to build a sustainable startup ecosystem for the region over the next three years.
