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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 3 place · 03/13/2023 09:51 EDT

Australia’s Airwallex secures online payment license to operate in China

Airwallex, an Australia-based global payments and financial platform, has announced that it has secured a payment business license in China. This happened following their successful acquisition of a 100% stake in Guangzhou Shang Wu Tong Network Technology Co., Ltd., an information and online payment services company. “We are excited to achieve this milestone, and to ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily · 03/13/2023 09:48 EDT

Growfin raises $7.5m as it grows AI-based cash collection SaaS in US, Asia

Growfin, a SaaS fintech startup, has raised $7.5 million to boost its operations in the US and Asia to double down on building more AI-based technology to expand its platform. The Series A funding round was led by Singapore’s SWC Global, the startup said in a statement. Growfin, that is based in Singapore and San ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 1 place · 03/13/2023 09:44 EDT

84% of subscribers eye full cloud migration in two years – Alibaba Cloud survey

Most of the businesses that are currently subscribed to cloud services are set to make a full cloud migration in the next two years. This is according to a survey that was commissioned by Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group. A survey report called “The Next-Generation Cloud Strategy in Asia” ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 1 place · 03/08/2023 20:36 EDT

Vietnamese small lender F88 raises $50m in Series C funding

F88 Investment Joint Stock Company (F88) has raised additional investments amounting to $50 million from a recent fundraising that was led by Vietnam-Oman Investment Fund (VOI) and Mekong Enterprise Fund IV(MEF IV). It intends to invest the funds in technology, data analytics and data science, brand building and acquiring new customers, and hiring and the ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 1 place · 03/08/2023 20:31 EDT

Philippine startup Enstack secures $3m to empower SMEs

Enstack, Southeast Asia’s first SME superapp, closed Series A of its funding round with $3 million in additional capital from investors led by Mangrove Capital Partners. This is Mangrove Capital’s first investment in Southeast Asia after a rich history of backing global tech leaders including communications giant Skype and website builder Wix. The funding is ... Read more

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AsiaTechDaily
AsiaTechDaily Writer @ AsiaTechDaily 1 place · 03/06/2023 19:00 EDT

Noutecompany CEO reveals the incredible journey behind WeBudding – Asia’s largest digital stationery platform 

The demand for digital stationery content related to learning and writing is increasing. Korean startup Noutecompany has launched a web-based C2C digital stationery platform called WeBudding, which offers a range of templates for digital diaries, notepads, letters, planners, and stickers. The platform enables the trading of digital tablet stationery contents, helping students cope with the ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 2 place · 03/06/2023 05:41 EDT

Australia Weploy enters Vietnam after raising $5m in fresh funding.

HRtech startup Weploy has expanded its geographic reach beyond Australia as it makes it official entry into the Vietnamese market. The company, which offers digital solution that facilitates fast, easy, high-quality, and professional staffing across multiple industries, said its expansion is supported by a funding round that raised $5 million from an international investor. Using ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily · 03/06/2023 05:34 EDT

Lay groundwork first before selling to investors: Draper Associates’ James Walker tells pitching founders

Startup founders wanting to pitch to investors to raise money should not get into the “sell now” part of the conversation immediately but must instead lay the groundwork first, according to James Walker, Associate Counsel and Investor at Draper Associates. Founders, Walker added, should begin with being clear and upfront with what they are building ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 2 place · 03/06/2023 05:34 EDT

Lay groundwork first before selling to investors: Tim Draper’s James Walker tells pitching founders

Startup founders wanting to pitch to investors to raise money should not get into the “sell now” part of the conversation immediately but must instead lay the groundwork first, according to James Walker, Associate Counsel and Investor at Draper Associates. Founders, Walker added, should begin with being clear and upfront with what they are building ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily · 03/06/2023 05:08 EDT

HK’s Mapxus secures $5m from Kawasaki Heavy Industries

Mapxus, a Hong Kong-based indoor Geographic Information System GIS platform, has announced raising $5 million in a Series B funding round anchored by Japanese corporation Kawasaki Heavy Industries. In a statement, the fresh funding will be used to continue the development of its technology. The company offers wide range of technology, with opportunities for both ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 1 place · 03/02/2023 03:45 EDT

Islamic-themed streaming startup Durioo+ raises $2.85m in seed funding

Durioo+, Malaysia’s Islamic-themed streaming service provider, has announced raising $2.85 million in seed funding. The additional capital will allow Durioo+ to pursue its plan to amass a broader viewership base in the US, United Kingdom, Middle East and North Africa (MENA), Indonesia, Europe and other South Asian countries in the next five years, according to ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 2 place · 03/02/2023 03:39 EDT

E-commerce aggregator Una Brands raises $30M in pre-Series C funding

Multi-channel e-commerce aggregator Una Brands targets to further develop its platform after raising $30 million in its pre-Series C funding round. The fundraiser, which was a mix of equity and debt, will provide Una Brands with sufficient funding for its operations and acquisition plans in the next two years. The startup also plans to continue ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 2 place · 03/01/2023 09:45 EDT

Animoca Brands’ The Sandbox acquires German game development studio Sviper

Animoca Brands’ gaming subsidiary The Sandbox has announced its acquisition of Sviper GmbH, a German game development studio that is known for its creative excellence in working with major brand partners and its senior-level talent. Sviper’s acquisition is set to add development, engineering, and creative talent to The Sandbox’s global team. Their collaboration is also ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily · 03/01/2023 09:41 EDT

Surge invests in 12 startups across Southeast Asia and India

Surge, Sequoia India and Southeast Asia’s rapid scale-up program for early-stage startups, has announced the launch of its eighth cohort that features 30 inspiring founders coming from across twelve companies. Surge 08 includes startups that are building exceptional products across climate tech, Artificial Intelligence (AI), the Metaverse, new consumer brands, digital health, and new models ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 1 place · 02/28/2023 06:54 EDT

Used-car marketplace Carro scores investment from insurtech major ZA Tech

Carro, Southeast Asia’s largest used car marketplace, has received an undisclosed amount of investment from insurtech major ZA Tech Global Limited (ZA Tech), according to an announcement. The two firms have also signed a joint venture deal that will transform and streamline the online insurance distribution and claims process for customers and insurers alike. According ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 1 place · 02/28/2023 06:15 EDT

Philippine fiber internet provider Converge partners with S Korea’s KT Corporation

Philippine fiber internet provider Converge ICT Solutions Inc. and South Korea’s KT Corporation, formerly Korea Telecom, have agreed to pursue a potential business collaboration and partnership that will support the digital transformation of local businesses by providing innovative enterprise technologies. Converge and KT Corp. signed a memorandum of understanding (MOU) that aims to extend digital ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 1 place · 02/28/2023 02:48 EDT

Early-stage VC Investible names Charlie Ill new CIO

Asia Pacific-based early-stage VC Investible has announced the appointment of Charlie Ill to the newly-created role of group Chief Investment Officer, as well as the promotions of Jayden Basha to Principal and Ben Lindsay to Investment Manager. The appointments are part of a broader strategy by the Investible group to unify its early-stage investment funds ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily · 02/28/2023 02:28 EDT

Digital asset exchange DigiFT scores $10.5m in Shanda-led funding

DigiFT, a Singapore-based decentralised digital asset exchange (DEX) for asset-backed tokens (STO), announced that it has raised $10.5 million in its pre-Series A funding round, led by Shanda Group, a global privately-owned investment group founded by Chinese online entertainment pioneer Tianqiao Chen and family in 1999. The new funds will be used to support license applications ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 1 place · 02/28/2023 02:22 EDT

Blockchain Founders Fund makes final close of $75m venture fund

Blockchain Founders Fund, an early stage Web3 Venture capital fund based in Singapore, has announced the final close of its Fund II at $75 million. Fund II, which aims to support high growth potential pre-Seed and Seed stage Web3 and blockchain startups, received backing from key investors, including Polygon, Ripple, Octava, NEO Global Capital (NGC), ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily · 02/28/2023 02:07 EDT

Indon agritech startup Semaai raises $2.9m in bridge funding

Semaai, an agritech startup in Indonesia, has raised $2.9 million from its bridge funding round that it will use to further boost its initiative to expand the company’s product offerings and reach more underserved farmers and agri-retailers in the country. With the additional funding, Semaai said it will now be able to help these farmers ... Read more

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