Latest news and trends about tech
South Korea’s Shinhan EZ enters Indonesian insurance market via partnership with Tap Insure
Shinhan EZ General Insurance, a subsdiairy of South Korean conglomerate Shinhan Financial Group Co. Ltd, is entering Indonesian insurance market via the partnership with Tap Insure, a strategic partner within the PasarPolis insurtech ecosystem.
MAS bars DBS Bank from acquiring new business ventures for six months after prolonged disruption
The Monetary Authority of Singapore (MAS) has imposed a six-month pause on DBS Bank Ltd’s (DBS Bank) non-essential information technology (IT) changes to ensure that the bank keeps sharp focus on restoring the resilience of its digital banking services.
US’s Chemonics invests $5M in Philippine venture builder Talino Venture Studios
United States consulting firm Chemonics International announced Monday that it has invested $5 million in Philippine venture builder Talino Venture Studios. Supported by the investment, the two firms will work together to build groundbreaking, impact-driven, scalable technology solutions for individuals and communities in emerging markets and beyond.
Indian venture capital firm Java Capital announces final close of fund at $6M
Java Capital, an India-based deep tech venture capital fund, has on Tuesday announced the final close of INR 50 crore ($6 million) fund. The fund has seen participation from established founders from the Indian startup ecosystem, high net worth individuals (HNIs) based in India, Middle East and the United States.
TrustBridge Forum: Bridging Trust and Value for a Connected Digital Future
TNGlobal, in partnership with Ant Group Digital Technologies, is thrilled to announce the #TrustBridge Forum, scheduled for November 15, 2022, at the prestigious Park Avenue Changi Hotel in Singapore. The forum is dedicated to exploring the synergies between #AI and #Web3, focusing on the pivotal role of trust and value creation in our exponentially…
AirAsia parent Capital A to list brand management business on NASDAQ via SPAC deal
The proposed business combination will be at an indicative equity value of $1 billion based on an independent valuation of the AirAsia Brand.
Japan’s Mitsui invests $58M in ADA via Axiata Digital, valuing ADA at $550M
Following the investment, Mitsui’s stake in ADS will increase from 3.29 percent to 20 percent, resulting in an effective 12.69 percent stake in ADA.
Indonesian pet health and nutrition company secures new funding led by East Ventures
Compawnion, an Indonesian pet food company, has secured a new funding led by East Ventures, a sector-agnostic venture capital firm in Indonesia and Southeast Asia. The fund will be allocated to accelerate their distribution, research and development initiatives, broaden the company’s product portfolio, and effectively reach a larger demographic of pet…
Funding Societies raises $7.5M in debt from Norfund
Funding Societies | Modalku, the largest unified small and medium enterprises (SME) digital finance platform in Southeast Asia, has on Thursday announced that it has raised $7.5 million in debt from Norfund, a Development Financial Institution (DFI) which operates an investment fund owned by the Norwegian government for developing countries.
