Latest news and trends about tech
Indonesia’s Rey Assurance raises $4.2M seed round co-led by the TPTF and Genesia Ventures
Rey Assurance (Rey), an insurtech company in Indonesia, announced Wednesday $4.2 million in seed funding to advance its digital health products and leading technology platform. The round was co-led by the Trans-Pacific Technology Fund (TPTF) and Genesia Ventures and joined by RDS.
Indonesia’s Kini raises $ 4.3M seed funding led by East Ventures
Kini, an Indonesian on-demand payroll provider, said Thursday it has raised $4.3 million of seed funding led by East Ventures, with participation from other investors. The firm will allocate the fresh funds to continue building out its HR-Fintech product suite, and invest in expanding enterprise partnerships and HR tech providers to power their HR-fintech…
ADB, UK launch $134M fund to help catalyze green financing in Southeast Asia
The Asian Development Bank (ADB) and the Government of the United Kingdom (UK) have signed a memorandum of understanding to develop a £107 million ($134 million) trust fund to support efforts by Association of Southeast Asian Nations (ASEAN) countries to scale up green financing and shift to low-emission, climate-resilient development.
Hong Kong’s PAG to invest over $1B on renewable energy in Asia
PAG, a Hong Kong-based Asia Pacific (APAC)-focused alternative investment firm, announced Wednesday the launch of PAG Renewables, a wholly owned company with the mandate to develop, build, operate, and invest in renewable energy in Asia. The fund is expected to invest over $1 billion through the platform over the next several years.
Vietnam’s Vinfast invests in solid-state battery manufacturer ProLogium
VinFast, through a company in Vingroup, announced Wednesday an investment in the tens of millions of US dollars in ProLogium, a global leading manufacturer in next-generation solid-state battery. It also entered into a memorandum of understanding with ProLogium setting out strategic cooperation arrangements to secure next-generation solid-state battery…
How the pandemic accelerated the need for cloud procurement solutions
Essentially, the pandemic accelerated the need for cloud procurement solutions that enable collaboration among stakeholders and help businesses find value for the best price.
Sleek secures Major Payment Institution License
Sleek.com, a leading technology company providing incorporation and accounting services for entrepreneurs, SMEs, and investors has announced on Wednesday that it has been granted a Major Payment Institution License (“MPI”) issued by the Monetary Authority of Singapore (“MAS”), effective from 1 July 2022.
ESR upsizes development joint venture in Korea
ESR Group Limited (“ESR” or the “Group”; SEHK Stock Code: 1821), APAC’s largest real asset manager, announced on Wednesday the upsize of its second development joint venture (“ESR-KS II” or the “Joint Venture”) in Korea with APG and Canada Pension Plan Investment Board (“CPP Investments”).
