Philippines
GCash, the Philippines’ mobile wallet service, announced that it has teamed up with Alipay, on a new QR code solution.
Singapore
Singapore-headquartered fintech startup Silot announced that it has raised a US$2.87 million pre-Series A funding round from Arbor Ventures and Eight Roads Ventures.
Indonesia
Goldman Sachs says the next battle for technology companies will be fought in Indonesia, because of the South-east Asian country’s huge population, high economic growth and “untapped market potential”.
SEA
US ride-sharing startup Arcade City announced that it will be expanding its service to 8 Southeast Asian countries – including Cambodia, Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam.
Startup
Oway, Myanmar’s travel booking and ride-hailing service provider, has raised $14.7 million from investors including Daiwa PI Partners Co Ltd and International Finance Corporation (IFC) for business expansion.
Philippines
The Rebisco group’s banking arm Asia United Bank (AUB) has teamed up with Alipay, on an alternative payments solution catering to visitors from mainland China.
Indonesia
Element, a platform for decentralized biometric identity, announced that it has raised $12 million in a Series A funding round led by PTB Ventures and GDP Venture.
Startup
New York-based co-working space giant WeWork confirmed that it has acquired Chinese co-working startup Naked Hub, as part of its expansion in the Asian market.
Singapore
Indonesian asset management firm Kresna Graha Investama has announced an investment in Graha Kreasi Sejahtera (GKS), which owns a 15.5 per cent stake in Singapore-based fintech firm MatchMove Pay.
Singapore
Singapore-headquartered Kristal.AI, an AI-powered digital asset management platform, has raised a seed round of $1.85 million led by IDG Ventures India.
