Latest news and trends about tech
Singaporean precision gut microbiome firm AMILI raises new funding led by East Ventures
AMILI, a Singapore-based precision gut microbiome company, has on Monday announced that it has secured new funding from venture capital firm East Ventures. The fresh funds will be allocated towards expanding operations into Indonesia with the primary focus on addressing prevalent gut health issues using scientific approaches adapted to the Indonesian…
India’s agrifoodtech sector funding falls 33 percent in 2022 : report
The agrifoodtech startup ecosystem in India mirrored the global slump in venture capital funding in 2022, with funding dropped 33 percent to $2.4 billion in 2022, from $3.6 billion in 2021, a report showed last week.
Japanese tech firms eye Thailand’s 2 trillion baht digital economy
With the recent shift of some of the world's largest technology companies' supply chains out of China and into Southeast Asian markets like Vietnam, the whole region is poised to become more prominent in the global technology landscape. Countries like Thailand are likely to benefit from this trend, and companies that establish a presence in these markets…
South and Southeast Asia fintechs raises $53.3B to date in alternative lending, digital banking, payments and transfers, and e-wallet
Over the entire history, fintechs in alternative lending, digital banking, payments and transfers, e-wallet sectors have raised a grand total of $53.3 billion and earned $17.8 billion, said in a study revealed by Robocash Group on last Thursday.
Malaysia’s TNB inks partnerships with energy players in Vietnam and Laos for renewable energy
Malaysian electricity utility Tenaga Nasional Berhad (TNB) has inked strategic partnerships with the major energy players in Vietnam and Laos to boost its ongoing drive to strengthen the ASEAN Power Grid (APG) interconnectivity and advancing Malaysia’s aspiration of becoming the Renewable Energy (RE) hub for ASEAN.
Gulf Binance secures digital asset operator licenses in Thailand
Gulf Binance Co., Ltd., a joint venture between Binance and Gulf Innova Co., Ltd. (Gulf), announced Friday that it has now secured digital asset operator licenses from the country’s Ministry of Finance for a digital asset platform, regulated by the country’s Securities and Exchange Commission (SEC).
India’s XFlow raises $10.2M in Pre-Series A funding led by Square Peg
XFlow, an India-based financial services and infrastructure company, has on Thursday announced that it has raised a Pre-Series A round of $10.2 million. The round was led by Square Peg with participation from Moore Strategic Ventures and existing investors Lightspeedand General Catalyst.
ZA Bank to launch virtual asset trading services for retail investors under new licensing regime
ZA Bank, Hong Kong’s virtual bank, has Wednesday unveiled its plan to introduce virtual asset trading services for retail investors. With this move, the firm is set to support the Hong Kong SAR government’s vision to develop a vibrant sector and ecosystem for virtual assets.
Singapore’s Insider announces $105M investment led by QIA to accelerate M&A-focused strategy
Singapore-based marketing platform Insider has on Wednesday announced an investment of up to $105 million from existing investors, Qatar Investment Authority (QIA) — and Esas Private Equity.
Mapletree Industrial Trust enters Japan with $370M data center acquisition in Osaka
Mapletree Industrial Trust Management Ltd., as manager of Singapore-based Mapletree Industrial Trust (MIT), has announced the acquisition of a newly built data center in Osaka, Japan through the purchase of the trust beneficial interest at a purchase consideration of JPY 52 billion ($370 million).
