HK payments infra startup XanPool bags US$41M led by Target Global
XanPool plans to use the new capital to fuel its expansion into Europe, North Africa, LatAm, and the Middle East; It is a fiat-gateway software solution for exchanges, wallets, and other cryptocurrency businesses.
Francis Plaza steps down as PayMongo CEO
He has been replaced by acting CEO Isabel Ridad; Plaza’s stepping down comes months after PayMongo was hit by many crises, including the fallout among top leaders and the firing of two co-founders.
Fraud detection startup FrankieOne raises US$15.5M Series A+
The investors include AirTree Ventures, Greycroft, Reinventure, and Binance Labs; It connects banks, crypto exchanges, and gaming firms to prominent vendors and data sources across 48 markets through one API integration.
Former Grab Director’s influencer platform TipTip banks US$13M
The investors include East Ventures, Vertex, SMDV, and BIG Ventures; TipTip enables influencers to create content and connect directly to their fans; It’s established an online-offline presence across 40 cities in Indonesia.
AgriAku raises US$5M more in Series A extension
The investors are TNB Aura, Indogen Capital, Gentree Fund, and Go-Ventures; AgriAku is a B2B marketplace that currently trades goods that are used in the production side of agriculture, which include fertiliser and seeds.
Vietnamese e-grocery app raises US$4.5M for R&D
The investors are South Korea’s Nextrans and Vietnamese VC firm Do Ventures; Cooky combines an e-grocery store and a meal kit delivery service, where customers can shop for individual ingredients and full recipes.
Gojek, ComfortDelGro announce ride-hailing partnership
Gojek currently has 2.6M driver partners in Indonesia, Vietnam, and Singapore; ComfortDelGro’s fleet includes 34K buses, taxis, and rental vehicles in Singapore, Australia, the UK, New Zealand, China, Ireland, and Malaysia.
EDBI’s chief exec to step down, establish new fund
The details of Chu Swee Yeok’s new fund have yet to be announced; Chu joined EDB 36 years ago and became the CEO of EDBI in 2009; After resigning from her position, Chu will serve as senior adviser to the chair of EDBI.
‘Our main competition in SG is the idle cash lying in banks’: Kristal.AI
CEO Asheesh Chanda says approximately US$400B cash is sitting idle, not working for their owners; The Singapore-based private wealth management startup recently raised US$10M+ in pre-Series B.
Temasek admits it could have been defrauded by FTX
Between Oct 2021 and Jan 2022, it invested a total of US$275M in FTX International and FTX US; On Nov 17, Temasek announced it’d write off its entire investment in the FTX, which constituted 0.09% of its net portfolio valued at US$293B.
Crypto.com in top 5 for strong AML; Binance places 42nd
Crypto.com, which has in-principle approval, placed fifth on the list featuring crypto exchanges with strong AML systems; The leaderboard is provided by UK-based Hoptrail and is updated in real-time using both on-chain and off-chain data.
The Philippines can be ‘Korea of Web3’, says Axie Infinity Co-Founder
Jeffrey Zirlin cites blockchain gaming as a possible vehicle for the rise of the Philippines as a digital powerhouse; Axie Infinity, one of the most popular NFT games, transformed the Philippines during COVID-19.
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Why venture capital is going big with cloud mining
Cloud computing has been an innovation factor for digital transformation, converging with big data and AI to power business functions.
8 ways cyber crimes are impacting your business
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The post Ecosystem Roundup: Temasek says FTX could’ve defrauded it; TipTip, AgriAku raise funding, PayMongo CEO Francis Plaza steps down appeared first on e27.