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…
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,…