SG’s virtual clinic and healthcare startup Speedoc snags US$28M
The investors include Bertelsmann, Mars Growth, Vertex Ventures Southeast Asia & India; Speedoc’s services include home visits by doctors and nurses, video consultations, virtual hospital wards, and remote health monitoring.
Departures at HK’s Shopline after US$183M Joyy-led takeover
A LinkedIn search shows that most of the 80 exits took place in the first half of this year and that the firm’s top executives in Vietnam, Thailand, Malaysia, and Singapore had departed.
BRI Ventures hits final close of Sembrani fund at over US$25M
The CVC has also secured the first close of its Sembrano Kiqani fund; It is set to close its latest fund, the US$50M BVI-Fundnel Secondaries Fund in early 2023.
Founders of Kenangan, AyoConnect unveil new angel network in Indonesia
Kopital Network, which will focus on Indonesia, targets early-stage startups from all sectors, with investments as a group ranging from US$100,000 to US$1M per deal.
Meta to axe over 11,000 employees
CEO Mark Zuckerberg said the company had significantly increased its spending in anticipation of a “permanent acceleration” in e-commerce growth and the number of people going online; However, this didn’t play out the way he expected.
Wavemaker Impact hits first close of its debut fund
The details are undisclosed; At the time of its launch in Oct 2021, it said it targeted raising US$25M for its first fund; The climate tech venture builder has launched four new companies so far.
Former Venturra exec raises US$8M for new VC firm
Ansible Ventures, an early-stage VC firm that Valerie Van Vu has founded in partnership with Alto Partners, will invest in 15 pre-seed and seed-stage startups focusing on Vietnam.
Jobs and recruitment platform FastCo raises US$7.4M Series A
The investors include OSK Ventures, Cento Ventures, and Kairous Capital; FastCo is the company behind the non-executive job portal FastJobs and the Singapore-focused flexi-work recruitment app FastGig.
Grab digibank head Reuben Lai to exit post
Before GXS was established, Lai was the head of financial services at Grab Financial; started out at Grab in 2015, serving as chief of staff to the group CEO’s Office.
DBS Indonesia lends US$6M to auto-financing firm Broom
Broom provides car dealers with access to short-term loans with their used-car inventory as collateral; It will use the debt facility to expand to more cities in Java before the year ends and gain 5K car dealers as its clients.
Razer Fintech launches carbon-neutral e-commerce checkout solution
With the feature, Razer can help e-commerce players estimate the carbon footprint that would occur in a specific transaction and provide a traceable carbon offset for that purchase.
AI-powered SEO content creation startup WriterZen bags US$1.35M
The lead investor is Wavemaker Partners; WriterZen provides tools to help digital content creators streamline their SEO workflow and produce content efficiently and competitively.
Animal-free dairy startup Phyx44 raises US$1.2M
The investors include Better Bite Ventures, Shiok Meats CEO Sandhya Sriram, Ahimsa VC, PeerCapital, and Spectrum Impact; Phyx44 has already made whey and casein proteins, which can be used in ice cream, cheese, and baked goods.
Filipino circular economy startup Humble Sustainability raises US$750K
The investors include iSeed Ventures, Ula’s Alan Wong, and Sagar Achanta, ex-Product Leader at Amazon; Humble was started with a vision to create a community where any item can be brought back into circularity.
Binance cancels deal to buy FTX
The crypto exchange major was looking to fully acquire its US-based peer FTX; However, that deal is now off following “latest news reports regarding mishandled customer funds and alleged US agency investigations”.
Hodlnaut assets hit by FTX debacle
The Singaporean crypto lender, which is under judicial protection after halting withdrawals on August 9, may face further losses due to solvency issues at FTX, where it had S$18.1M in assets as of October 27.
Indonesia plans to task OJK with crypto market regulation
The use of crypto assets as a means of payment is illegal in the country, but transactions for investments are allowed in the commodities market.
Japan’s NTT Docomo to set up US$4B Web3-focused firm
The development is not NTT Docomo’s first Web3 push; Earlier this year, the firm announced that it had opened up a unit dedicated to the metaverse; Qonoq was last said to have 200 staff.
Indonesia’s Stockbit rolls out crypto trading app
The company provides crypto trading services through Coinbit Digital Indonesia; The company said users can trade crypto without incurring platform fees on the app.
HashKey secures virtual asset trading license in Hong Kong
With the Securities and Futures Commission of Hong Kong’s approval, the company said it has become the first firm to have virtual asset licenses to operate in HK and Japan, as well as a capital market services license in SG.
Listing via RTO is simpler than IPO: MoneySmart CEO
MoneySmart believes when the market is volatile, listing via reverse takeover presents an excellent opportunity for well-capitalised companies to pursue strategic acquisitions.
How climate tech startups can create an impact on green recovery
For climate tech startups, success in growing their business can begin by understanding the potential hurdles customers might face when accessing climate-friendly products and services.
Try to look at the world through a beginner’s eyes: Joey Alarilla of Playfix.io
Playfix.io’s Head of Content Joey Alarilla talks about how he is championing crypto for creators, blockchain for good, and Web3 for a better world.
Is traditional currency failing us?
Fiat money loses purchasing power over the years because goods and services get more expensive yearly, in other words, inflation; In addition, the supply of fiat currency is not fixed.
Why is the cryptocurrency market growth in Eastern Asia slowing down
While it remains the biggest cryptocurrency market in the region, China saw its cryptocurrency transaction volume fall by 31 per cent compared to the previous year-long period; even neighbours like Japan more than doubled. transaction volume.
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