Latest news and trends about tech

Embed Financial Group Cayman Holdings (EFGH), a Singapore-headquartered Finternet infrastructure company operating across emerging markets in Africa and Asia, announced Wednesday that it has entered into a definitive business combination agreement (BCA) with WinVest Acquisition Corp. (WinVest), a publicly traded special purpose acquisition company.

Circle Asia Technologies, a credit-led neobank based in Singapore, has announced a strategic collaboration with digital payments firm Visa and fintech firm Pismo, to launch Vietnam’s first artificial intelligence (AI)-powered PayLater card.

Vietnam-based electric vehicle (EV) maker VinFast will invest $500 million to expand its manufacturing facility in India, targeting electric bus and electric two wheeler production.

Etaily, the Philippines’ digital-native retail platform, has secured new strategic investments led by Japan’s Sumitomo Mitsui Banking Corporation (SMBC), through its SMBC Asia Rising fund, bringing its total funding to over $24 million.

Horizon Quantum Computing Pte. Ltd., the Singapore-based software infrastructure for quantum applications, announced Wednesday that it has completed the assembly and integration of a first quantum computer at its Singapore headquarters, and the system is now fully operational.

Tonik Financial, controlling shareholder of Tonik Digital Bank, the Philippines’ first licensed digital-only bank, has raised $12 million in Pre-Series C financing led by Diligent Capital Partners.

Xanh SM Laos has signed a strategic cooperation agreement with the Vietnam Business Association in Laos (AVILA) to meet the growing demand for safe, transparent, and environmentally friendly transportation services among the business community in Laos.

Equinix, Inc., the global digital infrastructure company, has signed a solar energy power purchase agreement (PPA) in Singapore with ESR-TEPCO SINGAPORE ASSETCO ALPHA PTE. LTD. (ASSETCO).

Digital Realty, the global provider of cloud- and carrier-neutral data center, colocation, and interconnection solutions, has announced a partnership with BW Digital to strengthen cross-border data center (DC)-to-DC connectivity between Singapore and Indonesia.

Kargo Technologies, an Indonesia-based logistics technology company, has introduced a new visual identity and launched an electric vehicle (EV)-based logistics partnership program, aiming to deploy Southeast Asia’s largest EV fleet.