Umair Javed, Senior Vice President, M&A and Corporate Development at Advance Intelligence Group with Sean Lam, CEO of Jewel Paymentech.
Advance Intelligence Group acquires Jewel Paymentech to expand Web3, fraud and risk management capabilities
Advance Intelligence Group is behind BNPL platform Atome, SaaS provider ADVANCE.AI, and omnichannel e-commerce merchant services Ginee.
Australia’s Investible plans US$200M growth fund, hits first close of climate tech vehicle
The fund will have a global mandate focusing on the Asia Pacific. It has invested in nine companies in Southeast Asia in the last four years.
Indonesian social commerce firm raises US$20M in fresh funds
Founded in 2020 by Prateek Chaturvedi, Ivana Tjandra, Gopal Rathore, and Subhash Bishnoi, KitaBeli’s social commerce platform focuses on FMCG products. InnoVen Capital joined the round as a new investor while existing backers AC Ventures and Go-Ventures also participated, Tech In Asia wrote.
India: Investors flock to launch debut vehicles amidst funding slowdown
Last year, PE and VC firms garnered US$479 million across 14 first-time funds. Of all the debut vehicles raised this year, only a few are sector-specific.
Bank Islam launches cloud-native digital bank
In a statement, the bank said this first-of-its-kind technology stack, the cloud-native solution, is anticipated to be the cornerstone of all upcoming digital banks to be introduced in Malaysia.
Fintech startup OneCard is India’s newest unicorn after raising US$100M led by Temasek
The fundraising valued the startup at over US$1.4 billion and turned it into the 104th entrant in the country’s unicorn club. Earlier this year, the company said it had amassed over 250,000 customers spending about US$60 million with its monthly cards.
China’s 01VC hits first close of USD Fund III at over US$60M, targets US$100M hard cap
The fund will target opportunities in the enterprise SaaS, supply chain, logistics, automation and robotics, and cross-border businesses.
Is Singapore overly cautious and losing its appeal as a global crypto hub?
At the time, countries like the US and UK seemed to be clamping down on crypto trading, while Russia and China had banned it altogether. Singapore was primed to become one of the foremost destinations for blockchain companies to set up shop.
Of COVID-19 and funding winter: Why these 2 VC firms are bullish about SEA amid back-to-back crises
Intudo Ventures and Altara Ventures discuss how they view the recent crises and what to expect in the long term, and whether unicorns are to be celebrated
Indonesia urges tech platforms to sign up for new licensing rules or risk being blocked
As of Monday, more than 5,900 domestic and 108 foreign companies registered, including short-video app TikTok and music streaming firm Spotify.
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