Latest news and trends about tech

It’s that time of the year again when we take a look back at what had happened during the year in the tech and startup scene.

CapBay, a Malaysian multi-bank supply chain finance and peer-to-peer financing (P2P) platform, has secured MYR30 million ($7.1 million) investment from Kenanga Capital Islamic Sdn Bhd (KCI), a subsidiary of Kenanga Investment Bank Berhad (KIBB). The investment is a step forward to growing CapBay’s Shariah-compliant Supply Chain Finance arm, CapBay Islamic,…

Restaurant Brands International Inc. (RBI) has announced a regional partnership to leverage Ant Group’s digital solutions to accelerate digital transformation of its restaurant operations across Asia Pacific. This deal further complements RBI’s continuous efforts to support local franchisee operations and expansion in the Asia Pacific market.

The investment will be used for the brand’s global expansion in the Middle East, Australia, and Southeast Asia, and to further strengthen its foothold in the Indian market.

Many hands make light work, as the proverb goes. At the recent TechInnovation 2021 event, IPI and DesignSingapore Council (Dsg) launched the second edition of Design Think-Tank, a networking and open innovation platform for firms, organizations, designers, and innovators.

The Iris Fund, established under the Dana Penjana Nasional program, is co-managed by Hanwha Asset Management and Iris Capital Partners aims to support Malaysian and Southeast Asian startups.

Hong Kong-headquartered music tech start-up Soundbrenner has raised $1.5 million funding from Singapore and Hong Kong-based financing and growth platform Choco Up, supporting endeavours including a new software product, global expansion, and entering the music education industry.

GoTo Group has picked PT Mandiri Sekuritas and PT Indo Premier Sekuritas as underwriters for a local IPO that could happen as soon as next quarter, Bloomberg reported.

Sleek has extended its Series A round to $25 million, with the participation of Singapore-based global investor EDBI and existing investors, in a mix of equity and debt. The startup, which announced a first closing led by White Star Capital and Jungle Ventures in November, will use the fresh funds to bolster tech and product development, hire new talent,…

VOLY has raised AU$18 million ($12.89 million) in one of the nation’s largest ever seed rounds led by Sequoia Capital India, with increased backing from Global Founders Capital (GFC) and Australian-based Artesian Capital. This funding round will enable VOLY to continue to scale, expand the team, rapidly increase operations across key urban centres and start…