Vietnam’s Masan to invest US$105M in credit scoring platform Trust IQ
With this deal, Masan aims to accelerate its application of AI in retail and consumption; Both sides will work on building a credit access platform for consumers based on loyalty programs without requiring proof of income.
Indonesia’s Moladin lays off 360 workers
The used-car marketplace said the “difficult” decision was made to improve its long-term sustainability; Moladin has so far raised US$137M from East Ventures, Sequoia, and Northstar Group.
MNC Group leads US$20M round of Indonesian content distributor Migo
Through its tie-up with MNC Group, Migo gets support for its on-demand digital entertainment services by gaining access to the conglomerate’s content library.
Digital PE investment platform Moonfare raises US$15M Series C+
The investor is 7 Global Capita; To date, Moonfare claims to have offered 69-plus private market funds from top GPs worldwide, such as KKR, Carlyle, Permira, and EQT.
Asa Ren secures US$8.15M to provide D2C DNA tests in Indonesia
The investors include Top Harvest Capital, Kejora Capital, and Marcy Venture Partners; Asa Ren’s DNA test comes with 360+ reports, including predisposed health risks, ancestry, and other reports for adults, young parents and children.
Qiming Venture-backed greentech firm goes public via SPAC
LanzaTech transforms waste carbon into sustainable fuels, fabrics, packaging, and other materials; It merged with AMCI Acquisition Corp II before listing on Nasdaq on February 10.
Grab shifts SG politician to corporate development role
In her new role, Tin Pei Ling, a member of parliament in Singapore, will help the super app forge synergies across investments and acquisitions and other strategy development efforts.
BrightChamps enters Vietnam with hybrid teaching model
The BrightChamps Next-Gen Hub programme combines online and offline lessons to teach skills related to coding, robotics, financial literacy, and communications.
Restaurant search and food-ordering unicorn Zomato leaves Indonesia
The firm entered Indonesia in 2013; In October 2020, it announced the layoff of all employees in the country amid the Covid-19 pandemic; Earlier this month, the company also exited the Philippines.
‘Collaboration with startups begins with speaking their language’
Amanda Murphy, a top exec at HSBC, speaks about how the organisation works together with startups, the milestones that they have made, and what they intend to achieve in 2023.
How this 12-day programme equips you to detect potential FTX-like scams in future
The SMU Academy course aims to enable mid-career individuals, including those in employment, to make career switches to joint family offices and venture capital firms.
ShopUp’s B2B e-commerce platform helps Bangladesh SMEs to take on big players
ShopUp partners with all major mills and FMCG companies to distribute products to 20M people through its network of 500K shops; The company has so far raised US$230M in equity and debt funding.
Eleos Labs launches with an all-star team, building anti-theft system for Web3
Called FailSafe, the solution is built based on the need to have increased regulation and consumer protection in the space, with the recent collapse of well-known crypto institutions.
The future of gaming is female and mobile
There is global consensus that the year ahead will be challenging, but emerging trends have suggested bright spots for gaming businesses.
How the need to survive pushed this founder into the depths of cybersecurity
Protecting people against cybersecurity threats and ending the scourge of online sexual abuse and exploitation shaped my career.
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The post Ecosystem Roundup: Masan Group to invest US$105M in Trust IQ, Migo bags US$20M, Layoffs at Moladin appeared first on e27.