Japan messaging app LINE launches NFT marketplace in Japan
LVC Corporation, operator of Japan-based LINE's crypto asset and blockchain businesses, on Wednesday launched LINE NFT, a non-fungible token (NFT) marketplace available only in Japan.
LINE NFT will offer a wide variety of content, including exclusive NFT videos by Yoshimoto Kogyo Holdings Co. Ltd. called Yoshimoto NFT Theater, NFTs from the classic anime series Patlabor the Mobile Police, and…
India’s Pine Labs makes significant investment in Mosambee, boosting latter’s valuation to $100M
India-based merchant commerce platform Pine Labs announced Wednesday that it has made a significant majority investment into Mosambee, a end-to-end payment solution provider in India.
This investment will now value Mosambee at upwards of $100 million, Pine Labs said in a statement.
“At Pine Labs, we continue to focus on deep technology and software as a service (SaaS). Ever since its…
Malaysia marketing tech firm Involve Asia expands to Vietnam
Malaysia-based marketing technology (MarTech) platform Involve Asia has expanded to Vietnam, marking its growing footprint in the region.
The company said it has generated over US$1.4 billion in sales for its brands, with over $46 million paid out to its publishing and other partners.
“Vietnam is an important market for Involve Asia as it is one of the fastest-growing economies in Southeast…
Indonesian digital lender JULO secures $80M from Credit Saison
JULO, an Indonesia-based digital lender, said Wednesday it has secured $80 million funding from Credit Saison, a Japanese financial services company affiliated to Mizuho Financial Group.
This funding includes a mix of $30 million equity and $50 million debt fully funded by Credit Saison, JULO said in a statement.
Investors from previous rounds include Skystar Capital, Saratoga Investama,…
Indonesia tech giant GoTo shares close 13% up on market debut
Editor's note: updated with ZWC Partners' comments
Shares of Indonesia tech giant GoTo Group closed 13.02 percent higher at IDR382 on Monday, its first trading day on the Indonesia Stock Exchange (IDX), bringing its market capitalization to $31.5 billion.
Earlier in the trading session, the share price soared as much as 23 percent to an intraday high of IDR416, from its offer price of…
airasia Super App collaborates with Google Cloud for digital growth
airasia Super App, the digital travel and lifestyle platform of AirAsia Group, and Alphabet Inc's Google Cloud announced on Friday a five-year strategic collaboration to advance the Super App’s vision of a co-innovation ecosystem.
The two organizations will nurture technology talent, co-create software tools for open innovation, deliver data-driven intelligence on behalf of micro-, small- and…
Exploring the FinTech revolution in the Philippines
Addressing financial inequality in the Philippines means making certain that everyone has equitable access to financial services. To date, some 66 percent of Filipinos remain unbanked, catapulting the Philippines to fourth place among the world’s most unbanked countries. However, we also have the advantage of high Internet and smartphone penetration at over 70 percent each, as well as a…
Singapore’s Fairmart raises $1.5M seed round co-led by Quest Ventures and Entrepreneur First
Fairmart, a Singapore-based startup that drives sales for retailer stores by making their products searchable online, announced Wednesday the closing of an oversubscribed S$2 million ($1.5 million) seed round co-led by Quest Ventures and Entrepreneur First, with participation from SOSV, Vectr Ventures and Hustle Fund.
“Fairmart is solving the perennial problems that prevent local retailers…
Indonesia’s GoTo sells majority stake in Philippines e-wallet Coins.ph – report
Indonesia's tech firm GoTo Group it had sold its majority stake in Filipino e-wallet Coins.ph, Reuters reported on Monday.
The deal could also signal the end of its effort to capture the Philippines market, according to the report.
Ride-hailing and payments firm Gojek, which merged with e-commerce firm Tokopedia to form GoTo last year, had acquired the stake in 2019 as it planned a full…
Indonesia’s GoTo allocates over $20M to driver-partners under share program
Ahead of its initial public offering (IPO), PT GoTo Gojek Tokopedia Tbk (GoTo Group), the largest digital ecosystem in Indonesia, announced Monday it will allocate over $20 million to its driver-partners.
In Indonesia, the driver-partners will receive a share grant under the Gotong Royong share program, GoTo Group said in a statement.
"It has always been our dream to be able to share the…