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Focus Southeast Asia News Roundup – Issue #05

Every fortnight we compile a list of important news updates and events covering Southeast Asia FINTECH, MFGTECH, CLNTECH, and AGRTECH sectors.

For a downloadable copy of Southeast Asia Issue #05

FINTECH

Singapore’s e-bond trading startup BondEvalue raises US$6M Series A, forms JV in Mexico
BondEvalue raised US$6 million in Series A round of fund raising from a slew of investors, including MassMutual Ventures Southeast Asia and Citigroup. BondEvalue was established in 2016 to provide electronic bond trading and to make bond investments accessible to a wider group of individual investors.
Rahul Banerjee is the Founder & CEO at BondEvalue 
Anvesh Ramineni is the Managing Director at MassMutual Ventures 

Malaysian health techstartup Naluri raises $5m to boost SEA expansion
Naluri Hidup, a Malaysia-headquartered digital health service provider, has closed a new funding round worth US$5 million, led by Singaporean VC firm Integra Partners. Naluri provides structured multi-disciplinary support to those affected by diabetes, hypertension, heart disease, anxiety and depression.
Osman-Rani is the CEO at Naluri 
Jennifer Ho is the Principal at Integra Partners

Wagely, an Indonesian earned wage access and financial services platform, raises $5.6M
Wagely, a financial wellness platform that enables earned wage access (EWA) in Indonesia, has received US$5.6 million in a strategic round of investment, led by Integra Partners (formerly known as Dymon Asia Ventures). Wagely aims to reduce financial stress for millions of low- and middle-income workers, who struggle with unexpected financial expenses between pay checks.
Tobias Fischer is the CEO at Wagely

Autopair raises funding to digitise auto workshops in Thailand, Indonesia, Malaysia
Autopair, an online automotive parts trading company in Thailand, has raised an undisclosed amount in a pre-Series A financing round. Summit Auto Body Industry, one of Thailand’s largest suppliers of automotive parts, led the round. Prior to this, Autopair has raised US$500,000 in seed funding from KK Fund in 2018.
Santi Vajanapanich is the CEO at Autopair

Alodokter raises fresh capital, claims 30M MAUs and 43K doctors on its telemedicine platform
Indonesian telemedicine “super app” Alodokter has announced that it has secured an additional investment from MDI Ventures, a subsidiary of Telkom group, and Samsung Ventures. Alodokter provides an end-to-end digital solution to patients including telemedicine, doctor booking, medical content, and health insurance services.
Nathanael Faibis is the CEO at Alodokter
Donald Wihardja is the CEO at MDI Ventures

MooVita raises ‘multi-million dollars’ Series A to bring driverless cars to Singapore’s public roads
MooVita, an autonomous vehicle (AV) tech startups based in Singapore, has raised multi-million dollar amount in a Series A round of investment, led by Yinson Green Technologies Division, a subsidiary of Malaysian energy infrastructure company Yinson Holdings.
Dilip Limbu is the Co-Founder & Director at Moovita
Eirik Barclay is the Vice President at Yinson Group

Vietnam’s HANET bags Series A from G-Group to take its AI camera to global market
HANET, a startup offering Artificial Intelligence-powered surveillance cameras in Vietnam, has received an undisclosed amount of investment from G-Group Technology Corporation at US$5 million valuation. The startup will use the funds to take its business into global markets. The AI camera is available in three variants: homes, offices, and shops.
Vo Duc Tho is the CEO & Founder at HANET

SG sports and fintech-oriented game developer Beryllium nets $3m funding
Beryllium, a Singapore-based startup that aims to engage and educate the younger generation on how trading works through fantasy sports, today announced that it has secured US$3 million in pre-Series A round of investment, led by US-based Bullpen Capital. The Singaporean startup recently launched Sixer, a fantasy game where you can buy and sell fantasy stocks in cricket players.
Amay Makhija is the Founder Beryllium
Paul Martino is the Managing Partner at Bullpen Capital

Prixa raises US$3M to further expand its reach in the Indonesian healthcare market
Prixa, an Indonesia-based health tech startup that provides telemedicine and healthcare payment management service, announced a US$3 million funding round led by MDI Ventures and Trans-Pacific Technology Fund. Founded in 2019 by James Roring, MD, the startup builds an Artificial Intelligence (AI)-based healthcare management platform that includes basic medical services such as telemedicine
James Roring is the CEO & Founder at Prixa

SG’s iGlobe Partners raises $100m fund to invest in cutting-edge sectors
Singapore-headquareterd cross-border VC firm, iGlobe Partners, today announced the closing of its third fund at US$100 million. iGlobe Platinum Fund III seeks to back startups building solutions in smart cities, synthetic biology, and fintech. With the fund, iGlobe aims to continue investing in growth-stage tech startups, from pre-Series A to Series C, over the next three years
Soo Boon Koh is the Founder & Managing Partner at iGlobe Partners

Zenyum raises US$40M Series B to accelerate expansion in Asia, deepen product offerings
Zenyum, a Singapore-based direct-to-consumer dental products startup, has raised a US$40 million Series B funding round led by L Catterton, a global consumer-focused private equity firm.
Julian Artopé is the Founder & CEO at Zenyum

Vietnam’s EQuest raises funds to support expansion, boost digital learning solutions
Vietnamese educational services provider EQuest announced that it has secured funding from private equity major KKR to support its expansion. The fresh capital will be used to finance its expansion plans and advance its mission to provide students in Vietnam with affordable access to world-class education.
Nguyen Quoc Toan is the Co-Founder & CEO at EQuest
Ashish Shastry is the Partner, Co-Head of Asia Pacific Private Equity at KKR

Flash Express adds US$150M more to its kitty, becomes Thailand’s first unicorn
Flash Group, the company behind the leading express delivery service Flash Express in Thailand, has closed a combined US$150 million in its Series D+ and Series E rounds. The group will use the fresh capital for tech development and expansion into Cambodia, Laos, Myanmar, and Vietnam.
Komsan Lee is the CEO at Flash Group

Property Guru to acquire Malaysia’s iProperty, Thailand’s think of living from REA Group
Singapore-headquartered Property Guru Group has signed an agreement to fully acquire REA Group’s operating entities in Malaysia and Thailand. ASX-listed REA sells iProperty.com.my, Brickz.my, thinkofliving.com, and Prakard.com in exchange for an 18% equity in PropertyGuru.
Hari V. Krishnan is the CEO at PropertyGuru Group
Owen Wilson is the CEO at at REA Group

Robocash to raise US$5M from Kilde, aims to launch online bank in SEA
Robocash Group, a Singapore-headquartered B2C alternative lending company, has said that it is planning to raise US$5 million via bond placement from Kilde, a global private debt investment platform. Robocash Group was launched in 2013. Since then, it has been delivering alternative lending services in Asia and Europe.
Sergey Sedov is the CEO at Robocash Group
Radek Jezbera is the Co-Founder & CEO at Kilde

500 Startups’s top execs set up new seed-stage VC firm Ascend Vietnam Ventures
Christened Ascend Vietnam Ventures (AVV) seeks to invest US$500K-US$2M each mainly in startups in fintech, edutech, future of work, health-tech, and enterprise SaaS. Binh Tran and Eddie Thai, the general partners of 500 Startups Vietnam, have joined hands together to launch a new VC firm targeting local seed-stage startups.
Eddie Thai is the General Partner at AVV

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