Singapore’s Adgorithmics partners South Korea’s Klaytn Foundation to launch NFT-based loyalty program
Singapore algorithms e commerce firm Adgorithmics and South Korea blockchain platform Klaytn Foundation announced Thursday a partnership to utilize non-fungible tokens (NFTs) for an e-commerce incentive system and customer loyalty program through the MetaGachas platform.
The first marketplace that uses this scheme is a social commerce app Tapao, where both sellers and buyers can get NFTs from…
Glife’s Caleb Wu & Novitee’s Benjamin Yang on the impact of data, AI & innovative financing on the future of food [Q&A]
Glife Technologies is a Singapore-based digital business-to-business (B2B) Food- and AgriTech company, connecting farmers from the region with food and beverage (F&B) businesses. Together with Novitee, an omnichannel F&B tech solutions firm, it has recently announced in its Series A funding that the two companies have partnered together to bridge the gap between restaurants, suppliers and…
Singapore eCommerce checkout solution Arrow raises $4.8M seed funding led by Sequoia Capital India
Arrow, a Singapore-based eCommerce checkout solution, announced Tuesday a $4.8 million seed fundraise led by Sequoia Capital India and supported by Alpha JWC and Guillaume Pousaz’s Zinal Growth.
High-profile angel investors such as Ooi Huey Tyng (current board member at AIG and Maxis), Steve Vickers (Chief Operating Officer at Paysend), and Hassan Ahmed (Head of Southeast Asia at Coinbase)…
Overcoming fraud challenges in the BNPL space
Buy Now, Pay Later (BNPL) has tremendous appeal for online shoppers, enabling consumers to access goods and services now while paying for them at a future date. In particular, Asia-Pacific’s high internet penetration rate and vibrant e-commerce economy make the region an excellent incubator for this service. BNPL is projected to be the fastest-growing payment method for Singapore, and BNPL…
Indonesia’s Xendit makes strategic investment in Bank Sahabat Sampoerna
Xendit, an Indonesia-based financial technology company that provides payment solutions, said Thursday it has made a strategic investment in Bank Sahabat Sampoerna, an Indonesian private bank that focuses on micro, small and medium-sized enterprise (SME) businesses, as well as banking-as-a-service for technology-enabled businesses.
Through this strategic investment, Xendit will be Bank…
Singapore’s The GrowHub partners Vietnam’s Society Pass to provide Australian food products
Singapore-based food and agri-tech company The GrowHub Innovations Company (The GrowHub), announced Friday that it has signed a strategic marketing partnership Memorandum of Understanding (MOU) with Vietnam-based loyalty platform Society Pass to provide agri-food products from producers in Western Australia.
Both parties said in a statement, the partnership sees The GrowHub form a strategic…
Gobi Partners and Ozora Venture launch first $10M seed fund for women startups in Indonesia
Venture capital (VC) firms Gobi Partners and Ozora Yatrapaktaja (PT Mega Ozora Venture) are partnering together to launch a $10 million seed fund for women start-ups in Indonesia, called the Ratu Nusa Fund.
Focusing on health tech, e-commerce/social commerce, future of work/education, prop tech, enterprise/small and medium-sized enterprise (SME) tech and fintech, the Ratu Nusa Fund will be…
Hong Kong’s FundPark secures $250M debt facility with Goldman Sachs as senior facility provider
FundPark, a Hong Kong-based eCommerce liquidity solution and technology provider, announced Wednesday the closing of an asset-backed securitization (ABS) facility of up to $250 million with Goldman Sachs as senior facility provider.
FundPark said in a statement that through this ABS facility, its proprietary platform will serve to bridge the working capital finance needs of small to…
Ant Group to become major shareholder of Singapore payment firm 2C2P
Singapore-based payments platform 2C2P and China-based FinTech firm Ant Group announced Monday a strategic partnership to accelerate digital payment adoption and innovation.
The partnership, upon completion, will see Ant Group becoming the majority shareholder of 2C2P, both parties said in a statement.
Through the strategic partnership, 2C2P’s extensive pool of merchants inclusive of…
Sunway iLabs, Carsome to launch Malaysia’s first auto ecosystem accelerator
Sunway Innovation Labs (iLabs), the innovation arm of Malaysia conglomerate Sunway Group announced on Friday a joint partnership with Carsome, Southeast Asia’s largest integrated car e-commerce platform to launch an accelerator program.
Launching in the third quarter of 2022, the so-called Carsome Mobility Lab will be the first auto ecosystem focused accelerator in Malaysia looking to support…