Vertical
Breakeven is near for Malaysian unicorn Carsome, says CEO Eric Cheng
“We've been seeing consistent growth coming not just from the volume of the transactions but at the same time, the margin potential has also been increasing with the help of retail business and ancillary services,” its Co-Founder and Chief Executive Officer Eric Cheng said .
Indonesia’s eFishery sets to be a unicorn as firm “in advanced talks” to raise $100M – report
If the deal goes through, the start-up is set to join Indonesia’s growing list of tech unicorns.
ScaleUp Malaysia announces Cohort IV and investments in seven Companies
ScaleUp Malaysia has announced its Cohort IV and investments in seven innovative companies. The companies selected for Cohort IV are BeeBag, Docspe, Huddle, Petotum, Stayhere, and Kabel who will receive a $100,000 investment each, while the seventh company, Sonicboom, will receive an undisclosed strategic investment.
UOB partners Lazada for enhanced payments and financial services in Southeast Asia
Singaporean multinational banking group United Overseas Bank Limited (UOB) and international e-commerce company Lazada Group have entered a Memorandum of Understanding (MOU) to collaborate on retail products and banking solutions for their combined customer base in five key Southeast Asian markets, namely Singapore, Malaysia, Indonesia, Thailand and…
Gogoro partners Enel X to deploy 2,500 battery swapping stations in Taiwan
Taiwan-based battery swapping system provider Gogoro Inc. has partnered Italy-based energy services firm Enel X to deploy 2,500 Gogoro battery swapping stations across 1,000 locations in Enel X's Virtual Power Plant (VPP) to support Taiwan's renewable energy transition.
Volopay secures major payment institution license in Singapore
Singapore-based FinTech startup Volopay.Co Pte Ltd., has been granted an in-principle approval (IPA) for a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS).
City Energy partners Gentari for hydrogen import and cross-border EV charging networks
Singapore's gas utility provider City Energy and Petroliam Nasional Bhd (Petronas)'s clean energy solutions provider Gentari Sdn Bhd (Gentari), have signed two memoranda of understanding (MOU) to jointly conduct feasibility studies of a hydrogen supply chain between the two countries, and create electric vehicle (EV) charging network.
Malaysia’s MDEC eyes $230M digital investments by 2025
The Malaysia Digital Economy Corp (MDEC), a Malaysian government agency tasked to lead the digital transformation in the country, is eyeing MYR1 billion ($230 million) worth of digital investments from nine sectors by 2025, through its Malaysia Digital Catalytic Programs (Pemangkin).
Australia’s Saluda Medical closes $150M equity financing led by Wellington Management
Saluda Medical Inc., an Australia-based global medical device company, has announced the closing of a $150 million equity financing round led by new investor Wellington Management.
Funding Societies crosses $3B in SME lending
Funding Societies | Modalku, the Singapore-based unified small and medium-sized enterprise (SME) digital finance platform, has on Tuesday announced it has achieved $3 billion over more than 5 million transactions of business financing to SMEs across the Southeast Asian region.
