Malaysian fintech startup HelloGold shutters its consumer business
The app made use of blockchain innovation to enable customers to save money using gold for as low as RM 1; Users are given until 2nd February 2023 to withdraw their funds.
Sea Group mulls selling game maker Phoenix Labs
The plan is part of Sea’s efforts to cut costs and focus on its core business; The sale process has not yet started. Sea is reportedly in discussions with an adviser regarding the plan.
ComfortDelGro pumps US$4.3M into mobility-focused impact fund
The transport firm said it will look at the startups targeted by Shift4Good and make investments either on its own or through the fund.
Indonesian POS startup iSeller bags US$12M Series B
The investors are Intudo Ventures, KVision, Mandiri Capital Indonesia, and Openspace Ventures; With the deal, iSeller also completed its acquisition of local payment gateway Yukk.
Locad rakes in US$11M to build supply chain network across APAC
The investors include Reefknot Investments, Access Ventures, JG Summit, Sequoia Surge, and Febe Ventures; Locad organises end-to-end e-commerce fulfilment through its network of warehouses and shipping carriers across SEA.
Farquhar VC to help Korean university-affiliated startups to go global
Hanyang University and Farquhar VC will also explore joint funding initiatives to invest and scale HYUH startups globally; To date, Hanyang University Holdings has invested in more than 50 startups.
Sinar Mas unit leads pre-series A of Indonesia’s DCT Agency
DCT Agency connects companies and brands to influencers for marketing campaigns and live commerce sessions on TikTok; The startup currently has more than 500 online personalities on its network.
YC-backed Filipino fintech startup PayMongo names Jojo Malolos new CEO
Malolos is co-founder of GoTyme Bank, one of the digital banks licensed by the country’s central bank; PayMongo has been under public scrutiny for the past several months after a news report emerged of many scandals.
WhyQ adds US$1.1M to Series A1 to enable hawkers to go, sell online
The lead investor is Kairos FoodTech Fund of Kairos Capital; WhyQ plans to use the money to expand its digitalisation platform and support the growth of small businesses in Singapore and Malaysia.
Imajin announces seed funding from East Ventures, 500, Init 6
The firm will use the money for hiring, expanding, and developing products; Imajin connects local manufacturers with potential customers; it has so far partnered with over 500 SME manufacturers.
‘The era of easy money is over’: Southeast Asian VCs speak
While the funding winter will continue into H1 2024, SEA remains a bright spot due to its favourable demographics and supply chains shifting to the region.
Being a first-class listener will serve you best: PR expert Jon Howard
The Strategy Director at Bud Communications says to be curious about the other person’s perspective and no to worry about whether or not you’re the smartest person in the room.
How Perfect Day aims to win over Singapore’s alternative dairy market
Founded in 2014, Perfect Day works on the intersection of biological engineering, food innovation, and consumer products.
Malaysia can be a global SaaS leader, says Indelible Ventures
‘Because of the low cost base, we can actually leverage the growth that we get here and then turn into creating globally competitive products that can then penetrate other markets across the globe’, says Managing Partner Kevin Brockland.
Mark Cuban-backed blockchain firm Injective launches US$150M Web3 initiative
Injective aims to support developments in the interoperability, DeFi, and PoS infra sectors, among others; Investors in the initiative will provide token and equity investments as well as mentorship.
Demand for Web3 talent remains amid downturn, BNB Chain says
Amid mass tech layoffs, the firm currently lists 173 roles on its own platform; BNB Chain also pointed to the nearly 30,000 opportunities in the global Web3 space listed online.
How Rebase is leveraging Web3 to enhance real-world interactions
NFTs are often associated with digital art and profile pictures; however, their use cases are more than that; They have the potential to be a valuable addition to people’s day-to-day activities and hobbies.
8 billion people milestone: Reaching new heights for humanity
The world’s population is currently increasing at 0.83 per cent per year while some countries have a dramatically higher population growth rate than others.
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