Nobutake Suzuki, President and CEO at MUFG Innovation Companions Late final month, Japanese conglomerate Mitsubishi UFJ Monetary Group’s subsidiaries, MUFG Innovation Companions and MUFG Financial institution, established a US$100-million fund in partnership with Indonesia’s business financial institution Danamon. Known as MUFG Innovation Companions Garuda No. 1 Restricted Funding Partnership, the …

VFlowTech, a vanadium-based redox stream (VRF) battery firm in Singapore, has introduced a US$10 million Collection A funding spherical led by Japanese VC agency Actual Tech Holdings. Returning buyers, together with SEEDS Capital, Wavemaker Companions, and Sing Fuels, joined the spherical. Michael Gryseels (Chairman of VFlowTech), İnci Holding (Turkey), Pappas …

Indian workforce management firm BetterPlace acquires MyRobin to enter SEA BetterPlace will quickly broaden into Malaysia, Thailand, and Philippines by natural and inorganic methods; MyRobin is a blue-collar workforce fulfilment agency with an outreach of 3M+ staff in 270+ Indonesian cities. Zomato shutters operations in Philippines The event comes ten …

Foxmont Capital Managing Accomplice Franco Varona (L) and Founding Accomplice Jelmer Ikink With a inhabitants of 113 million, the Philippines stays an attractive destination for enterprise capital. In 2022, native startups raised US$1.1 billion, exceeding the US$1.03 billion quantity raised in 2021, giving extra confidence to Restricted Companions to spend money …

PayMongo Co-Founder and Board Chairman Luis Sia (R) with the opposite two Co-Founders Francis Plaza (M) and Jaime Hing PayMongo receives demand to investigate board chairman ‘As involved workers of the corporate, we’re frightened and disillusioned that Luis Sia continues to be concerned within the board of PayMongo’, an nameless …

Gobi Gobi Superseed II Fund (Gobi SSII Fund), operated by Malaysia and Hong Kong-based Gobi Companions, has introduced investments in 4 Malaysian startups. They’re the Islamic-themed streaming service Durioo+, Lapasar, Paywatch, and pitchIN. A sneak peek on the 4 firms: Durioo+ The Islamic-themed subscription-based streaming service Durioo+ was launched in …

Edward Tay, former CEO of Sistema Asia What Sistema Asia Capital is going through is probably going no totally different from some other established VC companies out there within the present downturn, mentioned former CEO Edward Tay. He was responding to a latest DealStreetAsia report that mentioned India- and Southeast-Asia-focused Sistema Asia …

Malaysian fintech startup HelloGold shutters its consumer business The app made use of blockchain innovation to allow clients to economize utilizing gold for as little as RM 1; Customers are given till 2nd February 2023 to withdraw their funds. Sea Group mulls selling game maker Phoenix Labs The plan is …

True International Ventures Founding Accomplice and Director Dusan Stojanovic The “chilling” funding winter has already wreaked havoc throughout the startup world. With no hopes left to boost the much-needed capital to outlive the onslaught of the winter, many firms winded down, and lots of have lowered their workforce. There aren’t any …

The WhyQ workforce WhyQ, a digital innovation startup targeted on serving to micro-SMEs digitise their companies, has secured a further RM4.6 million (US$1.1 million) in a Collection A2 extension spherical. Kairos FoodTech Fund of Kairos Capital Group led this spherical. The preliminary Collection A2 spherical of RM11.8 million (US$2.7 million) …

HashKey Group Executive President Michel Lee HashKey Capital closes third fund at US$500M Focusing on opportunities in emerging markets, the HashKey FinTech Investment Fund III will finance global crypto and blockchain initiatives; These include toolings, infrastructure, and applications that could be mass adopted. FTX says cyberattacks led to US$415M in …

Finbox Co-Founder and CEO Rajat Deshpande The demand for embedded finance is unlikely to be affected by the rise of digital-only/neo-banking, and they can beautifully co-exist, according to Rajat Deshpande, Co-Founder and CEO of Indian embedded finance startup Finbox. “Neo-banking may transform banking in terms of convenience and experience. However, the …