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Indonesia’s DANA closes latest investment from Sinar Mas and Lazada Group
DANA, a digital wallet-based financial technology company in Indonesia, announced Wednesday the close of the latest investment from Indonesian conglomerate Sinar Mas and leading e-Commerce company Lazada Group.
Atome Financial, HSBC Singapore seal $100M debt facility
Singapore-based FinTech firm Atome Financial announced Thursday it has entered into an $100 million debt facility with HSBC Singapore to supercharge Atome Financial’s flexible deferred payments business across Asia
South Korea’s Neowiz and India’s Polygon launch Web3 game platform Intella X
Indian crypto firm Polygon is teaming up with South Korean gaming firm Neowiz Corporation to launch a brand new Web3 gaming platform Intella X, to bring some of Neowiz’s popular gaming IPs to Web3.Exercising the core principles of user ownership in Web3, Intella X is designed to distribute the shares of all generated revenue back to the contributors of the…
Indonesia’s Diri Care closes $4.3M seed funding co-led by East Ventures, Sequoia Capital India and Surge
Diri Care, an Indonesia-based consumer health technology startup, announced Thursday it has closed its oversubscribed seed round at $ 4.3 million, co-led by East Ventures and Sequoia Capital India and Southeast Asia’s Surge.The round also saw follow-on participation from prominent angel investor, Henry Hendrawan.
Hong Kong’s Insilico Medicine bags new investment led by Aramco-backed Prosperity7 Ventures
Insilico Medicine, a Hong Kong-based clinical-stage end-to-end artificial intelligence (AI)-driven drug discovery company, announced Wednesday that it has completed a second closing of its Series D round, led by Prosperity7 Ventures, the diversified growth fund of Aramco Ventures, bringing the total Series D financing to $95 million.
Xpdite Capital Partners scouts opportunities in Southeast Asia with a focus on seed stage startups [Q&A]
In the interview, Lomnitz shared the challenges Xpdite faces when it invests in seed-stage startups and how they manage risks. He also shared his views on the startup ecosystem in Southeast Asia and gave several suggestions for the tech ecosystem to improve.
What causes meme coins to have their parabolic runs?
While many such coins fade from the public eye eventually, the meteoric price runs of some begs the question: just what factors contribute toward a meme coin’s success?
