Mergers and Acquisitions

Germany music entertainment firm SoundCloud announced Tuesday it has acquired Musiio, a Singapore-based music artificial intelligence (AI) firm. Musiio will amplify SoundCloud’s existing music intelligence capabilities and allow the company to further leverage its vast data to identify what’s next in music trends and talent.

The Parentinc, a Singapore-based community platform for parents, announced Thursday the successful completion of acquisition of Webtretho, a Vietnam-based women and parenting community.

Japan-based convenient store chain FamilyMart Co.,Ltd. announced Friday that it has made a strategic investment in Luup, Inc. a Japanese e-scooter and e-bike sharing service provider. Through this partnership, the two companies will begin full-scale collaboration, including the installation of LUUP ports at FamilyMart stores and joint marketing effort.

Xendit, an Indonesia-based financial technology company that provides payment solutions, said Thursday it has made a strategic investment in Bank Sahabat Sampoerna, an Indonesian private bank that focuses on micro, small and medium-sized enterprise (SME) businesses, as well as banking-as-a-service for technology-enabled businesses.

EUDA Health Limited, a Singapore-based digital health platform, and 8i Acquisition 2 Corp. (8i)(NASDAQ: LAX), a publicly traded special purpose acquisition company, announced Tuesday that they have entered into a definitive business combination agreement that will result in EUDA Health Limited becoming a publicly listed company

Animoca Brands, the Hong Kong-based company advancing digital property rights for gaming and the metaverse, announced Monday it has completed the acquisition of 100 percent of the issued capital of French racing game developer Eden Games S.A.S. from Engine Gaming & Media. Animoca Brands will leverage the expertise and capabilities of Eden Games to work…

Gupshup, a United States-based conversational engagement firm, announced Tuesday the acquisition of Active.Ai, a Singapore-based conversational artificial intelligence (AI) platform used by banks and Fintech firms. The acquisition strengthens Gupshup’s customer experience (CX) solutions for banking, financial services, and insurance solutions (BFSI)…

Pace Enterprise (Pace), a Singapore-based FinTech solutions company with "Buy Now Pay Later" (BNPL) platform, announced Wednesday that it has signed an agreement to acquire the assets of Rely, the home-grown FinTech startup that offers BNPL services in the region, for an undisclosed sum.

Validus has entered into an agreement with Citi to acquire its CitiBusiness loan portfolio in Singapore, in a move that will bolster Validus’ top line revenue, customer base, and expand its growing loan book. This is the first time a FinTech in Southeast Asia is acquiring an established bank’s loan portfolio and customer base, and it underscores Validus’…