Indonesian open finance fintech Ayoconnect raises $15M led by Tiger Global
Indonesian open finance platform Ayoconnect said Monday it has closed a $15 million series B financing round led by Tiger Global.
The round was joined by PayU, the payments and fintech business of Prosus, and Alto Partners, as well as individual strategic investors, including Plaid Co-Founder William Hockey and Jerry Ng, President Commissioner of Bank Jago, Ayoconnect said in a statement.…
AirAsia changes name to Capital A to reflect new core strategy
Malaysia's AirAsia Group Berhad has on Friday announced a name change for the group holding company to become Capital A Berhad, to reflect the group’s new core business strategy as an investment holding company with a portfolio of synergistic travel and lifestyle businesses, which have rapidly transformed the AirAsia brand into much more than just an airline.
Capital A said in a statement that…
VinFuture Sci-Tech Week: How artificial intelligence is the key to unlock the future of humanity
As part of VinFuture Sci-Tech Week, the VinFuture seminar featured discussions that envisioned the future of AI with Vietnam’s potential contributions to AI research and development.
The seminar was held in Hanoi on January 19, 2022 with the attendance of leading scientists. Notable participants include Dr. Padmanabhan Anandan - Founder of AI Matters Advisors LLC; Dr. Bui Hai Hung - VinAI…
Singaporean logistics firm Inteluck raises $15M Series B funding led by Creo Capital
Inteluck, a Singapore-based technology-driven logistics platform, said Wednesday it has raised $15 million in a Series B fundraising round led by Creo Capital, a Hong Kong-based investment firm under New World Group.
East Ventures and Headline Asia are among the investors in this round, Inteluck said in a statement.
Meanwhile, Favour Capital, a TMT boutique investment bank focused on China…
KKR leads series C round in Philippine B2B platform GrowSari with $45M investment
KKR, a global investment firm, and GrowSari, a business to business (B2B) e-commerce platform serving micro, small and medium-sized enterprises (MSMEs) in the Philippines, announced Wednesday the signing of definitive agreements under which KKR will invest $45 million to lead GrowSari’s Series C funding round.
KKR’s investment in GrowSari will support the company’s expansion into more regions…
Indonesian ecommerce enabler SIRCLO acquires retail platform Warung Pintar to strengthen omnichannel services for MSMEs
Indonesian e-commerce enabler company SIRCLO announced Wednesday its acquisition of Warung Pintar, a technology-based retail company in Indonesia that provides a range of digital products and services for the micro-retail (warung) business ecosystem.
Post-acquisition, Warung Pintar is incorporated into the SIRCLO Group to offer a comprehensive omnichannel solution for principals or brands,…
Malaysian perfume startup Scentses + Co receives seed investment from conglomerate MUI Bhd
Scentses + Co, a Malaysia-based perfume subscription platform, has announced a strategic partnership and a lead investment from Malayan United Industries Bhd (MUI Bhd) through its venture arm, Pan Malaysia Ventures Sdn Bhd under Pan Malaysia Corporation Bhd.
By leveraging the strength and backing of the conglomerate, Scentses + Co is set to further catapult the company’s growth towards…
AC Ventures’ Adrian Li says Indonesia’s the most compelling market to invest in ASEAN [Q&A]
Some say this is the best time for the startup ecosystem in Southeast Asia, especially the one in Indonesia, the largest economy in the region with the largest population and a rising middle class.
Indonesia's sheer market size and potential make it the most compelling single market to invest in, in Asean, according to Jakarta-based AC Ventures Founder and Managing Partner Adrian Li.
“Being…
Malaysia B2B startup Dropee raises $7M Series A round led by Vynn Capital
Malaysia’s business to business (B2B) wholesale startup Dropee announced Thursday it has completed its $7 million Series A round comprising a combination of equity and debt investments from new & existing investors.
The current financing round, led by returning investor Vynn Capital, welcomes new investors including HCL Capital, a Hong Kong-based family office which represents a Malaysian…
Tookitaki’s Abhishek Chatterjee on enhancing trust and security in FinTech through RegTech driven by AI and collaboration [ORIGIN Innovation Awards Q&A]
FinTech is one of the fastest-growing sectors today, with FinTech companies having dominated the lists of fastest-growing companies at least in the past couple of years. That being said, the accelerated growth of this sector does not come without challenges, particularly in navigating the different regulatory frameworks across global and regional markets.
A winner in the Startup Awards -…