Malaysia property developer Hatten Land partners Singapore FinTech Hydra X to develop and operate cryptocurrency exchanges
Malaysia property developer Hatten Land Limited said Monday, its wholly-owned subsidiary Hatten Technology (S) Pte. Ltd. (Hatten Technology) has entered into an agreement with Singapore fintech company HydraX Pte. Ltd. (Hydra X) to set up a joint venture company to jointly develop and operate "first-of-its-kind” cryptocurrency exchanges (Crypto Exchanges) in Singapore and Malaysia.
The Crypto…
Indonesia D2C skincare brand NAMA Beauty raises $5M in seed funding led by AC Ventures, plans to launch second-line brand
NAMA Beauty, an Indonesia direct-to-consumer (D2C) cosmetics and skincare company said Monday it has completed its $5 million seed funding round led by AC Ventures.
PT SiCepat Ekspres Indonesia (SiCepat Ekspres) and PT Digital Mediatama Maxima Tbk (DMMX) also participated the round.
NAMA Beauty said in a statement that it plans to use the new funding for research and development (R&D),…
Singapore-based Accelerating Asia announces fifth cohort with nine startups
Singapore-headquartered early-stage venture capital fund Accelerating Asia has officially announced the first batch of investments for Fund II and its fifth cohort of pre-Series A startups joining its flagship 100-day program.
The startups from Bangladesh, Malaysia, the Philippines, the US, and Vietnam have already increased their monthly recurring revenue by over 40 percent to an average of…
Malaysia proposes various tax exemptions for EVs in Budget 2022
The Malaysian government has announced to give full exemption of import duty, excise duty, as well as sales tax for electric vehicles (EVs) in a bid to support the local EV industry.
The announcement was made by Finance Minister Tengku Zafrul Abdul Aziz when he was tabling the Budget 2022 in Parliament.
A 100 percent road tax exemption will also be given to EVs, he said.
“The government…
AirAsia partners more airlines to sell competitors’ flights on super app
Malaysia budget airline AirAsia Group Bhd announced on Thursday it has partnered with more airlines to sell their flights on its Super App, part of its move to become an online travel agency that also offers competitors' flights and hotel bookings.
Some of its newest airline partners are Air Canada, Air France, Air Mauritius, Bamboo Airways, Ethiopian Airlines, flydubai, Go First, KLM, Mahan…
Angkasa-Boustead consortium banks on Islamic bank positioning, existing captive members to win a digital banking license in Malaysia [Q&A]
Editor’s note: This interview is part of a Q&A series with some of the contenders vying for a digital banking license in Malaysia.
When National Co-operative Movement of Malaysia (Angkatan Koperasi Kebangsaan Malaysia Bhd, Angkasa) and Malaysia-listed conglomerate Boustead Holdings Bhd announced they have teamed up with one of the world’s largest independent insurance brokerage…
Kumu breaches $100M in funds raised with Series C led by General Atlantic, aims to create the world’s largest participatory social network
Philippines-based live streaming platform Kumu announced Wednesday it has raised an undisclosed amount of series C led by General Atlantic, a global growth equity firm. The transaction brings Kumu’s total funding to over $100 million.
Existing investors Openspace and Susquehanna International Group (SIG) also participated in the funding round.
This transaction marks the largest equity…
Omise targets to triple transactional processing volume in Malaysia as it launches operations in the country
Thailand-based payment gateway Omise launched its operations in Malaysia today and is targeting to “at least triple” transactional processing volume in the country within its first year of operations, Omise Malaysia country manager Ivy Lee told TechNode Global via email.
Businesses operating online in Malaysia now have access to the full strength of Omise’s modern payment gateway to accept…
Indonesia SaaS firm Majoo raises $4M in pre-Series A led by AC Ventures to accelerate instant store development for MSMEs
Majoo, an Indonesia-based software-as-a-service (SaaS) provider said Monday it has received $4 million pre-series A funding led by AC Ventures with participation from BRI Ventures and Xendit.
With its new funding, Majoo will accelerate its instant online store's product development and market penetration for micro, small and medium enterprises (MSMEs), Majoo said in a statement.
"MSMEs are…
Global streaming platform Viki founders launch TheVentures Singapore, a venture builder for startups across Southeast Asia
Jiwon Moon and Changseong Ho, the founders of global community-powered video service Viki, announced Tuesday the launch of TheVentures Singapore (TVSG), a venture builder firm, to invest in startups in Southeast Asia.
Using its capital, resources, and vast experience in startups, TVSG aims to home-grow and scale multiple startups in Singapore, TVSG said in a statement.
Through TVSG, their…