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,…
Indonesia tech giant GoTo shares close 13% up on market debut
Editor's note: updated with ZWC Partners' comments
Shares of Indonesia tech giant GoTo Group closed 13.02 percent higher at IDR382 on Monday, its first trading day on the Indonesia Stock Exchange (IDX), bringing its market capitalization to $31.5 billion.
Earlier in the trading session, the share price soared as much as 23 percent to an intraday high of IDR416, from its offer price of…
airasia Super App collaborates with Google Cloud for digital growth
airasia Super App, the digital travel and lifestyle platform of AirAsia Group, and Alphabet Inc's Google Cloud announced on Friday a five-year strategic collaboration to advance the Super App’s vision of a co-innovation ecosystem.
The two organizations will nurture technology talent, co-create software tools for open innovation, deliver data-driven intelligence on behalf of micro-, small- and…