Singapore’s SwipeRx secures $27M Series B funding to accelerate growth across Southeast Asia
SwipeRx (formerly mClinica Pharmacy Solutions), a Singapore-based platform for pharmacies, announced Monday it has secured a Series B round of $27 million in equity and debt to accelerate growth across southeast asia (SEA).
The round was led by Indonesia's MDI Ventures, with participation from global investors, Bill & Melinda Gates Foundation, Johnson & Johnson Impact Ventures, SIG…
To track or not to track: The marketer’s dilemma
It has almost been a year since Apple released its seismic privacy tool that sent the advertising industry – and Facebook’s shares – spiraling. For more than a decade, digital media platforms and marketers have become accustomed to a data free-for-all where users’ personal information is bought, sold, and reshared without batting an eyelid. But not for much longer.
With the dawn of Apple’s…
Singapore’s Matchmove acquires Shopmatic for $200M
MatchMove, Singapore-based embedded finance firm, said Monday it has acquired e-commerce specialist Shopmatic in a $200 million deal, creating an end-to-end embedded finance and ecommerce powerhouse.
The combined company will enable MatchMove to provide its Banking-as-a-Service capabilities to Shopmatic’s ecosystem of over a million e-commerce small and medium-sized enterprise (SME) customers,…
Indonesian FinTech firm Xendit raises $300M Series D funding co-led by Coatue and Insight Partners
Xendit, an Indonesia-based payments infrastructure platform, announced Thursday it closed $300 million in Series D funding, taking the total amount raised to $538 million to power the world’s fastest-growing digital economy.
Coatue and Insight Partners co-led the round with additional investment from Accel, Tiger Global, Kleiner Perkins, EV Growth, Amasia, Intudo, and Justin Kan’s Goat…
Singapore’s Jungle Ventures closes a $600 million fund, AUM crosses $1B
Singapore-based venture capital firm Jungle Ventures has announced a $600 million close of its Fund IV with $450 million in the main fund and $150 million in additional managed commitments.
This brings their total Assets Under Management (AUM) to over $1 billion, making Jungle the first independent, Singapore-headquartered VC firm that invests across Southeast Asia and India to reach this…
Japan’s chat commerce firm Zeals raises $38.77M funding led by JIC Venture Growth Investments
Zeals Co., Ltd. (Zeals), a Japan-based Chat Commerce provider, announced Thursday that it has raised a total of ¥5 billion ($38.77 million) in funding.
JIC Venture Growth Investments led the ¥3.5 billion ($27.14 million) Series E round with participation from Z Venture Capital, a venture investment arm of Z Holdings, Japan Post Capital, and Salesforce Ventures, Zeals said in a statement.…
Singapore’s Sea Ltd prepares move into Indonesia’s insurance sector – report
Singapore-headquartered e-commerce and gaming giant Sea Ltd is said to be preparing a move into Indonesia’s insurance sector.
The US-listed tech firm has prepared plans to acquire an insurance company in Indonesia, Financial Times reported on Wednesday, quoting two people close to the discussions.
One person said a likely target was Asuransi Mega Pratama, a general insurance firm recently…
South Korea’s oHouse raises $182M Series D funding from SoftBank Ventures Asia and others
oHouse, a South Korean home furnishing and remodeling unicorn, announced Monday that it has raised $182 million Series D funding from prominent global investors to power the global growth of its groundbreaking lifestyle platform.
The funding came from investors including SoftBank Ventures Asia, BRV Capital Management, Vertex Growth which is anchored by Temasek-backed Vertex Holdings, BOND,…
Vietnam social commerce platform Aemi raises $2M Seed funding to provide solutions for creators and micro retailers
Vietnam social commerce platform Aemi announced on Thursday it has recently raised $2 million in a pre-Seed funding round co-led by Alpha JWC Ventures and January Capital, with participation from Venturra Discovery, FEBE Ventures, and other angel investors.
Aemi is an online business-to-business (B2B) marketplace connecting social commerce entrepreneurs to major and niche Asian health and…
China’s EV maker NIO announces proposed secondary listing on Singapore Exchange
China-based electric vehicle maker NIO Inc announced on Thursday it has received conditional approval from the Singapore stock exchange for its proposed secondary listing in the city-state.
The company has received a conditional eligibility-to-list letter (ETL) from the Singapore Exchange Securities Trading Ltd on May 5, 2022 for the listing and quotation of its shares on the Main Board of…