Tagged: southeast asia

Malaysia: Gobi Partners Onboards Startups Durioo+, Lapasar, Paywatch, pitchIN to Superseed II Fund

Gobi Partners, the “most interconnected” Pan-Asian venture capital (VC) firm with US$1.5 billion (RM6.5 billion) in assets under management has “onboarded four more promising Malaysian startups to its Gobi Superseed II Fund (Gobi SSII Fund).” The four firms “being onboarded are Islamic-themed streaming service Durioo+,… Read More

Strike Expands “Send Globally” to the Philippines, Providing Lightning-Fast Money Transfers

Strike, which claims to be the world’s “leading” digital payments platform built on Bitcoin’s Lightning Network, announced the expansion of its “Send Globally” product to the Philippines. Send Globally now “enables fast, secure, and low-cost money transfers between the U.S. and the Philippines, revolutionizing traditional… Read More

Thailand based Insurtech Eazy Digital Secures $850K via Seed Round

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 investment round was “led by Wavemaker Partners, with participation from Seedstars International Ventures, Wing Vasiksiri, and Sasin Bangkok Venture Club.” Eazy Digital… Read More

Philippines: Digital Banking Platform GoTyme Bank Partners with Mambu to Streamline Financial Services

Newly launched Filipino digital bank GoTyme Bank has partnered with global cloud banking platform Mambu in order “to deliver an innovative digital banking solution that is aiming to improve access to high quality financial services for Filipinos.” Singapore-based Tyme Group, which has partnered with Gokongwei… Read More

Touch ‘n Go Group Teams Up with Visa to Launch the CSR-Linked Touch ‘n Go Visa Card

Touch ‘n Go Group, via the Touch ‘n Go eWallet, has formed a strategic partnership with Visa, the world’s leader in digital payments, in order “to launch the first corporate social responsibility (CSR)-linked Visa prepaid card in Malaysia.” The design of the new Visa card… Read More

CIMB Bank in Malaysia Announces Lock Clicks ID Feature to Prevent Fraudulent Activities

CIMB Bank Berhad and CIMB Islamic Bank Berhad announced that it has introduced a self-service ‘Lock Clicks ID’ feature which acts as a ‘kill switch’ for both its CIMB Clicks App and CIMB OCTO App “effective 16 January 2023.” The new feature will enable customers… Read More

Malaysia: Maybank, Perodua to Enhance Dealers’ Digital Financial Services via Maybank2e Platform

Maybank and Perodua Sdn Bhd recently signed a Memorandum of Collaboration (MoC) on providing seamless end to end integrated digital financial services for Perodua via Maybank’s M2e platform as well as offering additional financial support via financing packages worth close to RM400 million to help… Read More

HashKey Capital Closes Fund III at $500M in Commitments to Build Web3

HashKey Capital, a global asset manager specializing in crypto and blockchain, has announced the final closing of its third fund, HashKey FinTech Investment Fund III  with a total commitment of US$500 million. Fund III received strong support “from institutional investors namely sovereign wealth funds, renowned… Read More

Mindtera, an Employee Assistance Program in Indonesia, Secures Funding

Mindtera, an Employee Assistance Program (EAP) platform in Indonesia, announces the close of their combined seed and seed extension round at $850K funding “led by East Ventures and with commitments from Seedstars International Ventures among other prominent angel investors.” Founded in 2021 by Tita Ardiati… Read More

Insurtech Firm bolttech Partners with AIS in Thailand

International insurtech, bolttech, and Thailand’s mobile network operator, AIS, have partnered to deliver embedded protection services “including mobile device switch and replacement services to AIS customers for the recently-launched AIS Care+ program.” The AIS Care+ program “allows customers to switch or replace their smartphones and… Read More

GetGo Selects Jumio to Unlock Digital Onboarding for New Drivers

Jumio, the provider of end-to-end identity proofing, risk assessment and eKYC/AML compliance solutions, announced its partnership with GetGo, which claims to be the largest car-sharing service in Singapore, “to create an ecosystem where mobility is shared and sustainable for all.” GetGo prides itself on an… Read More

Singapore based Fintech actyv.ai Raises Funding to Support Expansion, Product Enhancement

actyv.ai, a Singapore-headquartered, category creator in the enterprise SaaS with embedded B2B BNPL and insurance space, has raised a total of $12 million “as part of Pre-Series A funding round from 1Digi Ventures, Singapore, the family office of Raghunath Subramanian, Founder and Global CEO of… Read More

Fintech Professional Gary Yeoh Joins Malaysia’s Payments Network PayNet as CCO

Malaysia-based payments network and infrastructure provider PayNet has recently appointed Gary Yeoh as the firm’s new Chief Commercial Officer. The appointment to oversee PayNet’s commercial operations comes after quite a notable year for Yeoh, who is reportedly a veteran of the Malaysian payments sector and… Read More

Blockchain Tech Solutions Provider ChainUp Group Appoints Deputy CEO to Accelerate Business Growth

Global blockchain technology solutions provider ChainUp Group announced the appointment of Ms. Tan Bin Ru as its Deputy Chief Executive Officer cum Chief Operating Officer, “effective 3 January 2023, as part of the company’s business growth plan.” In this role, Ms. Tan will “work closely… Read More

Malaysia: Maybank Is Offering Assistance to SMEs Impacted by Recent Floods

Maybank announced that it is offering Flood Relief Assistance to individual, SME and other non-retail customers “affected by floods arising from heavy rainfall recently.” The relief assistance is “aimed at easing the financial burden of Maybank customers impacted by the floods.” The Flood Relief Assistance… Read More

“Masterminds” Behind Singapore’s Largest Stock Market Manipulation have Been Sentenced

On 28 December 2022, the High Court in Singapore sentenced Mr Soh Chee Wen (also known as John Soh), and Ms Quah Su-Ling to a total of 36 and 20 years’ imprisonment respectively “for, among other things, orchestrating an elaborate scheme to manipulate the shares… Read More

Digital Transformation: Philippines SEC to Accept Only Virtual Payments After Feb 2023

The Securities and Exchange Commission (SEC) in the Philippines revealed that it will be making a full shift towards all-digital payments by February 1, 2023. The general public residing in the Southeast Asian country will be using the eSPAYSEC that was introduced in March 2022,… Read More

BNY Mellon Appointed by Employees Provident Fund Board of Malaysia with Expanded Mandate

BNY Mellon (NYSE: BK) announced it has been selected by the Employees Provident Fund Board of Malaysia (EPF) to deliver a transformational investment accounting project. In addition to custody solutions BNY Mellon provides for the EPF, this broader remit aims to deliver “a solution for… Read More

HR Tech Unicorn Darwinbox Appoints Panuwat Benrohman as MD for Thailand

Darwinbox, which claims to be one of the fastest-growing HR technology unicorns, announced the appointment of Panuwat Benrohman (Ben) as the Managing Director and Country Head for Thailand. Panuwat (Ben) is the latest addition to Darwinbox’s growing Regional Leadership team and will be “at the… Read More

Southeast Asia’s Digital Finance Platform Akulaku Announces $200M Investment from MUFG

Akulaku, a banking and digital finance platform in Southeast Asia, announced a $200 million investment from Japanese bank Mitsubishi UFJ Financial Group (MUFG). The investment round “provides additional support for Akulaku’s projected growth as it advances towards its mission of providing banking services across Southeast… Read More

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