Singapore-based Quincus raises Series B at over $100M valuation

Singapore-headquartered Quincus, an enterprise SaaS platform in solving global supply chain challenges, has announced Thursday that it has closed an undisclosed Series B fundraise. The Series B investment catapults the company's valuation well over $100 million. The investment round is led by UP.Partners, a US-based electrification and mobility fund, with participation from existing investor…

Startup Studio Indonesia aims to incubate 150 startups by 2024

Indonesia’s tech startup ecosystem is vibrant as ever with the emergence of tech unicorns such as Bukalapak, the merged entity of Tokopedia and Gojek--GoTo--as well as Traveloka. The country's digital economy is worth $44 billion, the largest in the region, according to a report from Google, Singaporean state investor Temasek and global consultancy Bain. The Indonesian Government has hoped to…

Vietnam loyalty platform Society Pass plans to list on Nasdaq

Vietnam-based data-driven loyalty platform Society Pass (SoPa), which recently closed a Series C funding round, has filed for an initial public offering (IPO) on the Nasdaq Stock Market. The company is offering 2.9 million shares at a price range of $8 to $10. At the mid-range, this puts the IPO at around $26 million at a $188 million valuation. It plans to list on the Nasdaq Stock Market…

Victor Chua of Vynn Capital on investment opportunities, finding fundable teams, and unicorn startups [Podcast Q&A]

This article is part of TechNode Global’s partnership with CEO Roundtable Podcast and Asian Investors Podcast hosted by David Kim wherein we publish the revised transcripts from the podcast’s interviews with inspiring entrepreneurs and experienced VCs. This edited Q&A is based on the show’s original transcript. For the full interview, listen to the podcast here. Victor Chua is a…

Ant-backed Ascend Money hits $1.5B valuation with $150M new funding, becomes Thailand’s first tech unicorn

Thailand-based FinTech firm Ascend Money has hit $1.5 billion valuation following its latest $150 million funding, making it Thailand’s first FinTech unicorn. The funds will be used to grow the user base of its e-wallet application--TrueMoney Wallet--and to expand digital financial services, including digital lending, digital investment, and cross-border remittances across Southeast Asia.…

Ninja Van bags $578M in Series E, ropes in Alibaba as investor

Singapore-based logistics startup Ninja Van announced on Sunday that it has secured $578 million in a Series E funding round. This latest round of funding involves participation from existing investors Geopost/DPDgroup, B Capital Group, Monk’s Hill Ventures, and Zamrud, an entity linked to a Southeast Asian sovereign wealth fund. China-based e-commerce tech giant Alibaba Group, which is…

Indonesia social commerce platform KitaBeli bags Series A extension from Meesho founders, Kopi Kenanga Capital & others

Indonesia-based social commerce platform KitaBeli announced on Friday the raising of an undisclosed amount in a Series A extension, participated by Vidit Aatrey and Sanjeev Barnwal, founders of India-based social commerce platform Meesho, Kopi Kenangan Capital, and Turner Novak’s Banana Capital, a US-based consumer-focused venture capital firm. The extension comes less than six months after…

Sea’s Shopee launches food delivery service in Malaysia rivalling GrabFood, Foodpanda

Singapore-headquartered tech conglomerate Sea Ltd's e-commerce arm Shopee has officially launched food delivery services ShopeeFood in Malaysia. The service, which will be rolled out in batches, will be made available to over 8 million Malaysians living in the Klang Valley starting Friday (Sept 24) offering access to a variety of eateries from popular joints such as A&W, Burger King,…

Fave partners Google Pay to offer cashback to Singaporean users

Malaysia-based loyalty and cashback platform Fave has announced a partnership with Google Pay, the US-based tech giant Google's digital payments app that supports online and in-store purchases. Through the partnership with Fave, users of Google Pay can now scan any FavePay SGQR, and earn up to 20 percent cashback across 15,000 F&B outlets and retailers which include Subway, Food Republic,…