Vertical

Singapore FinTech firm banco raises $6.7M Series A round led by SBI Group

Singapore-based FinTech company banco announced Tuesday the successful raise of $6.7 million in Series A funding led by Japan-based leading financial group SBI Group. Sumitomo Mitsui Banking Corporation (SMBC), R3, Savills, KZM & Company, and others also joined the round.

Singapore’s Glints raises $50M co-led by DCM Ventures, Lavender Hill Capital, and PERSOL Holdings

Glints, a Singapore=based end-to-end regional talent ecosystem for career development and recruitment, said Tuesday it has raised $50 million in a Series D oversubscribed round co-led by DCM Ventures, Lavender Hill Capital, and returning investor PERSOL Holdings.

Indonesia rolls out cross-border QR payment linkage with Thailand

Bank Indonesia (BI) and the Bank of Thailand (BoT) announced to move from piloting phase to the implementation phase of cross-border QR payment linkage on Monday. The piloting phase of cross-border QR payment linkage between Indonesia and Thailand, launched on August 17, 2021, has been running successfully. For the implementation phase, 76 payment system…

Singapore’s Propseller raises $12M Series A funding led by Vertex Ventures

Singapore-headquartered PropTech start-up Propseller announced Tuesday a $12 million Series A funding led by Vertex Ventures Southeast Asia and India. The round saw participation from existing investors Hustle Fund, Iterative, and Rapzo Capital, and new investors Partech, ICCP SBI, Vulpes Ventures and Redbadge Pacific.

Indonesia’s ESB raises $29M Series B funding led by Northstar Group and Alpha JWC Ventures

ESB, an Indonesia-based fully-integrated restaurant management software as a service (SaaS) platform, announced Monday its $29 million Series B funding round led by Northstar Group and Alpha JWC Ventures. The round also saw participation from existing investors including BEENEXT, Vulcan Capital and AC Ventures.

TechNode Global shares research insights on Indonesia EV landscape

Topics in the report include the latest development in the Indonesian EV market, findings on the electric 2-wheeler market and the electric 4-wheeler market, consumers’ preferences, market entry and growth strategies, among others.

Malaysia’s Creador backs Philippine digital bank operator UnoAsia

Malaysian private equity firm Creador has led a pre-Series A round of $11 million for UnoAsia, operator of Uno Digital Bank, one of only six licensed digital banks in the Philippines.UnoAsia had already raised $33.5 million in pre-seed and seed funding, of which $21 million came from Creador.

Indonesia and Singapore to pursue cross-border QR code payments connectivity

Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) announced Monday the commencement of work on a cross-border QR payment linkage between Indonesia and Singapore as part of the ASEAN-wide payments connectivity effort.

Yinson partners AEON to develop Malaysia’s largest retail EV charging network

Malaysia-listed energy infrastructure and technology firm Yinson Holdings Berhad (Yinson) has partnered with retailer AEON CO. (M) Bhd (AEON) to provide charging infrastructure across AEON and AEON BiG shopping outlets in Malaysia and introduce e-mobility leasing solutions for Aeon Group’s logistics fleet.

Indonesia’s ARIA secures $5M seed funding led by East Ventures

ARIA, a one-stop solution for Indonesia’s agriculture service, said Monday it has secured $5 million of seed funding led by East Ventures, who joined the pre-seed round in March 2022. This round of funding was also joined by Triputra Group, Michael Sampoerna, Arkana Ventures, GK-Plug & Play, and other strategic investors.