Latest news and trends about tech
US and Japan-based gumi Cryptos Capital raises $110M early-stage fund to invest in blockchain startups
Gumi Cryptos Capital (gCC), a blockchain-focused venture capital firm based in United States and Japan, announced Wednesday the completion of raising $110 million for its second blockchain-focused early-stage fund. The fund will target exceptional developers, projects, DAOs, guilds, apps, games, and protocols at any layer at the earliest stage and is…
Malaysia’s Hatten Land signs agreement with new partner for crypto mining activities
Hatten Land Limited and together with its subsidiaries, announced Thursday that its wholly-owned subsidiary Hatten Edge Pte. Ltd. has entered into a crypto mining facility and support services agreement with a new business partner, where up to 550 crypto mining rigs can be added to the group's crypto mining activites and deployed across its crypto mining…
Debunking 5 myths about digitalizing Indonesia’s logistics with Ritase CTO David Samuel
Indonesian logistics in the next five years can only get more interesting as the key principle driving us into the future is efficiency; How to be more efficient? How to be more productive? How to reduce human error? How to save more time and money? And importantly, how can we reduce our carbon footprint?
Singapore’s Pace acquires regional BNPL pioneer Rely to strengthen its FinTech position in the region
Pace Enterprise (Pace), a Singapore-based FinTech solutions company with "Buy Now Pay Later" (BNPL) platform, announced Wednesday that it has signed an agreement to acquire the assets of Rely, the home-grown FinTech startup that offers BNPL services in the region, for an undisclosed sum.
India’s Pine Labs raises $50M from United Kingdom’s Vitruvian Partners
Indian merchant commerce platform Pine Labs announced Wednesday a new investment of $50 million from Vitruvian Partners, a London-headquartered international investment firm.
Indian healthtech startup Qure raises $40M from Novo Holdings and HealthQuad
Qure.ai (Qure), an India-based health tech firm using Artificial Intelligence (AI) for medical imaging diagnostics, announced Tuesday that it has secured $40 million in a funding round led by Novo Holdings and HealthQuad, supported by existing investor MassMutual Ventures (MMV). The firm will use the new investment to extend and strengthen its global…
Malaysia to enact laws to better regulate ‘Buy Now Pay Later’ schemes
Southeast Asia super app Grab and Sea Ltd’s e-commerce platform Shopee have started providing BNPL options in Malaysia since last year. Advance Intelligence Group’s Atome, Pine Labs’ Fave, Allectus Capital-backed Hoolah, 500 Startup-backed Split are among the FinTech startups that provide such services in the country.
Vietnam’s Vinfast to build EV factory in North Carolina
VinFast and the government of North Carolina announced Tuesday the signing of the memorandum of understanding (MOU) for the establishment of VinFast’s first North Americanmanufacturing plant. The company intends to invest up to $2 billion in the project’s phase one, creating thousands of jobs. VinFast’s factory will create a major manufacturing center in…
Singapore private equity firm Azalea launches first sustainability fund
Azalea Investment Management Pte. Ltd. (Azalea) has launched the Altrium Sustainability Fund I (ASF I), which will invest in environmental, social and governance (ESG) focused opportunities to achieve positive environmental and social outcomes alongside private equity financial returns. ASF I is a PE fund-of-funds product that enables institutional and…
Consortiums partnering banks, e-wallets have an upper hand to bag Malaysia digital bank licenses
Consortiums partnering with financial institutions and e-wallet operators will have an upper hand in securing a digital banking license in Malaysia, according to analysts.
