SG-based firms stepped up tech acquisitions in rest of SEA in 2022
According to DealStreetAsia, such tech acquisitions witnessed a 166% surge from 12 in 2021 to 32 in 2022; About 62.5% of the targets were Indonesian firms, mainly from fintech and financial services sectors.
Prenetics announces US$200M JV for early cancer detection
The joint venture Insighta with Dennis Lo, an expert in non-invasive prenatal testing and liquid biopsy, aims to develop and commercialise a breakthrough early detection screening test for several types of cancer.
Singapore-based Apeiron bags US$37M in debt funding
Apeiron collects various types of food and agricultural waste – including used cooking oil, tallow, and palm oil mill effluent – and converts them into biodiesel.
UTU raises US$33M to help travellers get more from tax-free shopping
It has also acquired CardsPal, a Singapore-based fintech that offers deals and promotions nearby to users; Utu’s goal is to create innovation in the tax-free shopping sector, which allows tourists to reclaim VAT on their purchases.
Byju’s assures investors of FY 2022 earnings audit by September
The Indian edutech unicorn previously filed its financial statements for FY 2021 in September 2022; Last week, Byju’s auditor Deloitte resigned due to long delays in completing its FY 2022 financials.
Amazon plans to invest another US$15B in India by 2030
The e-commerce group has invested about US$11B in India to date; The vast majority of the new capital is likely earmarked for AWS expansion in India.
Ant Group expands Alipay+ to all 7-Eleven stores in Malaysia
The integration, which was facilitated by Razer Merchant Services, allows the 2,400 7-Eleven stores in Malaysia to accept AlipayHK, GCash, Kakao Pay, and TrueMoney as payment options.
GoTo-backed Electrum to manufacture 250K e-bikes annually
It is constructing a factory in the West Java province to manufacture two-wheel EVs in Indonesia; These collaborations involve efforts in battery packaging and production, EV adoption, and battery swapping.
Alt-protein firm Green Rebel readies to serve the Philippines, Vietnam
The meat consumption in those markets has been relatively higher than in the rest of the region; People are willing to shift to plant-based meats if the quality is on par and affordable.
‘Starting with a clear culture in mind is a vital for companies’
Finhay CEO Huy Nghiem says short-term financial stability is as important as long-term goals; If we cannot meet the former, we can’t meet the long-term goal either.
How Salmon promotes financial inclusion with AI banking in PH
In its first year since launching, Salmon has achieved significant milestones, including launching its first point-of-sale lending product.
Solarad.ai can forecast accurate energy generation for solar plants
Solarad.ai’s software continuously updates the forecasts to account for real-time weather conditions and fine-tune the accuracy of the predictions.
The future of gamification: Connecting brands with consumers through games
Gamification solutions will bear greater resemblance to mobile games in which consumers can earn rewards through a curated process.
UK implements stricter rules: Crypto airdrops and dree NFTs banned
The UK concluded a consultation on new rules for the crypto sector and proposed an authorisation regime overseen by the FCA.
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The post Ecosystem Roundup: Singapore tops tech M&As in SEA in 2022, Apeiron bags US$37M in debt funding appeared first on e27.