ShopUp, the largest full-stack B2B commerce platform in Bangladesh, announced that it secured $30 million in debt financing, another major milestone in the country’s startup ecosystem. The $30-million financing round was comprised of $20 million from Lendable, the global provider of debt to fintech companies in emerging markets, marking their first investment in South Asia. ... Read more ›
15
Taiwan-based WeMo Corp, a pioneer in urban mobility technologies, today announced raising $15 million in its Series A+ funding round led by AppWorks, with participation from Taiwan National Development Fund. With this round of financing, WeMo plans to expand its service to Southeast Asia, with an emphasis on Indonesia and Thailand. In anticipation of rapidly ... Read more ›
11
Indonesia-based cybersecurity-as-a-service startup Peris.ai announced that it raised fresh funds in a round led by East Ventures and participated by Magic Fund. Financial details were not disclosed. The startup, co-founded by David Samuel and Deden Gobel, said it will use the fresh funding to further build and enhance its cybersecurity platform, train machine learning and ... Read more ›
1
Following a successful series B+ funding round, regional insurtech firm Igloo announced the appointment of Liliang Zhu as Chief Technology Officer. Zhu will be responsible for strengthening the firm’s tech capabilities and product innovation as it expands insurance offerings across key markets. Managing over 70 engineers and developers, Zhu will lead Igloo’s tech and innovation ... Read more ›
8
Carousell Group, the multi-category platform for secondhand in Greater Southeast Asia, has doubled down on driving electronics recommerce across the region since acquiring control of Laku6, the leading AI-first end-to-end electronics recommerce platform in Indonesia. The group has integrated the Laku6 team’s expertise and proprietary AI-first diagnostic technology with Carousell Group’s tens of millions of ... Read more ›
0
Qritive, a healthcare AI startup headquartered in Singapore with presence in the US, Singapore, and India, announced raising $7.5 million in a funding round led by MassMutual Ventures, supported by SEEDS Capital, the investment arm of Enterprise Singapore, and Exfinity Venture Partners. Qritive said it will use this new capital to drive geographical expansion, expand ... Read more ›
0
iSeller, an omnichannel-based Point-ofSale platform that caters to online and offline merchants in Indonesia, has raised $12 million in its Series B funding round. The round was led by Intudo Ventures and backed by KVision and existing investors Mandiri Capital Indonesia, and Openspace Ventures, the company said in a statement. With the injection of fresh ... Read more ›
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Wanting to ease the complexities of total wealth management, WRISE Group has announced the official launch of “WRISE Wealth Management Hong Kong” (WRISE WM HK), a technologically advanced wealth management firm for Hong Kong’s ultra-high-net-worth individuals (UHNWIs) and their family offices. The company said in a statement that the client’s expectations for wealth management are ... Read more ›
0
Sea Ltd, the Singapore-based e-commerce giant and parent company of Shopee, has announced its plans to expand its investments in Malaysia. This new venture is expected to create over 2,000 job opportunities there. Shopee is currently the largest pan-regional e-commerce platform in Southeast Asia and Taiwan. Tengku Zafrul Aziz, Malaysia’s Minister of International Trade and ... Read more ›
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Joseph Lee has a strong track record in the finance industry throughout his career to date. In addition to his rich experiences working in the venture capital (VC) and private equity (PE) sectors, Joseph has also sharpened his investment acumen through his multiple years in the audit and stock-broking industry before deciding to finally launch ... Read more ›
2
EdenFarm, a B2B food supply chain startup based in Indonesia, has announced raising $13.5 million in its pre-Series B funding round anchored by Telkomsel venture arm TMI. AC Ventures and AppWorks also participated in the funding round for the food service-focused startup, along with Decart Ventures, Fubon Capital, Trihill Capital, OCBC NISP Ventura, Nakhla, and ... Read more ›
2
WhyQ’s plan to focus on improving their existing products and developing new ones to help small businesses better compete in the digital economy received a boost after it raised $1.4 million (RM4.6million) from the extended Series 2 of its funding round. The digital innovation startup got the support of Kairos FoodTech Fund of Kairos Capital ... Read more ›
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Eazy Digital, a Thai insurtech startup that provides digital platforms for insurance companies, has raised US$850,000 in an oversubscribed seed funding round. The round was led by Wavemaker Partners, with participation from Seedstars International Ventures, Wing Vasiksiri, and Sasin Bangkok Venture Club. Eazy Digital is a platform that helps insurance companies manage their agents, operations, ... Read more ›
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Grab Holdings Limited, Southeast Asia’s leading superapp, today announced that it has promoted Philipp Kandal to Chief Product Officer, effective February 1, 2023. He will oversee the Product, Design and Analytics teams and lead the product vision and strategy for Grab. As Chief Product Officer, Kandal will lead teams responsible for delivering products that consumers, ... Read more ›
2
In an effort to help address persistent unemployment and underemployment in the Philippines, the Asticom Group of Companies, a shared services provider under the Globe Group, has launched a new platform that promises to revolutionize job and talent search. Launched on January 19, Acquiro Solutions and Tech Inc. aims to streamline job hunting among seekers ... Read more ›
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Holmusk, a healthtech startup based in Singapore and the United States, raised $45 million in its Series B funding round. In a statement, Holmusk said it intends to use the investment to continue the rapid expansion of its flagship offering, NeuroBlu Database, which is a leading source of real-world clinical data for the behavioral health ... Read more ›
2
Protico, a market leader in the Web3 Chat space, successfully raised its pre-seed round last month and is excited to unveil its new product, the Web3 Lobby developer tool for business owners. This innovative chat widget allows enterprises and business owners to seamlessly integrate a Web3 social layer into their apps and websites within seconds. ... Read more ›
3
Jumppoint, a Hong Kong-based digital integrated logistics startup, has successfully completed Series A of its funding round with $6.5 million in investments added to its coffers. The funding round was led by MindWorks Capital and was also joined by Headline Asia, Chinachem Group, Philip Kuai (Founder of Dada Nexus), and the Innovation and Technology Venture ... Read more ›
3
Indonesia-based unified checkout solution provider Flik has raised $1.1 million in pre-Seed funding led by East Ventures, with participation of Init-6 GMO VenturePartners, and Saison Capital. FLIK’s unified checkout solution allows shoppers to have a more consistent and frictionless checkout experience regardless of sales channel and where they shop. For brands and businesses, having a ... Read more ›
0
Philippine-listed fiber internet provider Converge Information and Communications Technology Solutions, Inc (Converge) has received the greenlight to provide international connectivity services in Singapore through its wholly owned subsidiary, Converge ICT Singapore Pte. Ltd. (Converge SG), to further strengthen its fast-growing international wholesale business. In its grant letter, the Infocomm Media Development Authority (IMDA), a statutory ... Read more ›
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Most popular sources
Business Insider
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28% 1 |
Tech Wire Asia
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15% 10 |
CNET
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7% 4 |
Eurogamer.net
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6% 1 |
The Verge
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6% 2 |
| View sources » | |
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27.11.2024 23:38
Last update: 23:15 EDT.
News rating updated: 06:30.
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