Focus Southeast Asia News Roundup – Issue #11
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 #11
Southeast Asia “omnichannel” health startup Doctor Anywhere gets $88M SGD
Doctor Anywhere, a Singaporean company that aims to make healthcare services accessible for the masses through the integration of online and offline channels, has secured SGD88 million US$65.7 million) Series C financing round, led by local growth equity investor Asia Partners.
Lim Wai Mun is the Founder & CEO at Doctor Anywhere
North Base Media leads $2.7M pre-Sies A funding in digital media startup Vietcetera
Vietcetera, a digital media network headquartered in Ho Chi Minh City, has secured US$2.7 million over two successive rounds led by media-focused venture capital firm North Base Media.
Hao Tran is the CEO at Vietcetera
Indonesian fintechAwanTunai secures $56.2m in funding
AwanTunai, an Indonesian fintech startup that provides a business solution platform for offline merchants, announced raising $56.2 million in its Series A2 funding round.
Dino Setiawan is the CEO at AwanTunai
Ethis Global closes US$1.7M Pre-Series A funding round to accelerate global expansion effort
Ethis Global, the company that operates sharia-based crowdfunding platforms in Indonesia and Malaysia and social finance platform GlobalSadaqah, today announced the closure of its MYR6.8 million (US$1.7 million) Pre-Series A funding round from angel investors in the Islamic finance and fund management communities.
Umar Munshi is the Co-Founder at Ethis Group
Chope secures US$15M as part of a strategic partnership with Ant Group
Singapore-based restaurant reservation company Chope has announced a partnership with Alipay, a digital payment platform operated by Ant Group.
Arrif Ziaudeen is the CEO at Chope
SoBanHang gets $1.5M to help small Vietnamese stores sell online for the first time
SoBanHang, a Vietnamese bookkeeping app for small retailers, has secured a US$1.5 million seed round from FEBE Ventures, US-based VC firm Class 5, and individuals such as Business Insider founder Kevin P. Ryan.
Hai Nam Bui is the CEO at SoBanHang
Insignia, Y Combinator back US$2.2M round of Intellect to provide mental health services across Asia
Intellect, a Singapore-based mental healthcare provider, announced today it has closed its US2.2 million pre-Series A round led by existing investor Insignia Ventures Partners, alongside new investors Y Combinator and XA Network.
Theodoric Chew is the CEO at Intellect
Omnilytics to acquire Malaysia’s Supahands for US$20M to enhance its retail tech stack capabilities
Omnilytics, Singapore-based fashion analytics and insights provider, has agreed to acquire Malaysian data labelling platform Supahands for US$20 million.
Kendrick Wong is the CEO & Co-Founder at Omnilytics
Medici, a health-tech firm founded by ex-Grab exec, gets seed funding to foray into insurance in Vietnam
Medici, a Vietnamese health-tech company, has secured an undisclosed amount in seed funding led by early-stage investor Insignia Ventures.
Duc Anh Ngo is the CEO & Founder at Medici
Tessaract.io raises US$3.3M to expand workflow automation solutions in new markets
Tessaract.io, a Singapore-based cloud-native, no-code workflow automation platform, has secured US$3.3 million in a pre-Series A funding round led by Wavemaker Partners.
Cherilyn Tan is the CEO & Founder at Tessaract
Ex-TPG exec’s startup Marathon Education raises US$1.5M to change the after-school tutoring market in Vietnam
Vietnamese startup Marathon Education has secured US$1.5 million in seed funding from a clutch of investors, including Forge Ventures (a VC firm launched in partnership with Alto Partners Multi-Family Office in Singapore), Venturra, and iSeed SEA.
Duc Pham is the CEO & Co-Founder at Marathon Education
Centauri Fund raises US$8.5M from K-Growth to boost investment corridor between Korea and ASEAN
Singapore- and Indonesia-based growth-stage VC fund Centauri Fund has received an investment of KRW 10 billion (US$8.5 million) from sovereign wealth fund Korea Growth Investment Corporation (K-Growth).Kenneth Li is the Managing Partner at MDI Venture
Ex-Zalo executives’ proptech startup Rever snags US$10.2M from Mekong Capital
Rever, a Vietnamese tech-enabled real estate brokerage platform, has announced that it has secured a US$10.2 million funding round from Mekong Enterprise Fund IV (MEF IV), bringing its total funding to US$16.5 million.
Manh Phan is the CEO & Founder at REVER
Philippine-based crypto exchange PDAX raises $12.5m
The Philippine Digital Asset Exchange (PDAX) announced today it has raised US$12.5 million (₱ 630 million) in funding led by an unknown VC firm based in the UK, with participation from Hong Kong-listed fintech company BC Group.
Nichel Gaba is the Founder & CEO at PDAX
AirAsia’s Teleport acquires Malaysia’s Delivereat for US$9.8M to further its super-app ambition
Teleport, airasia digital’s logistics venture in Southeast Asia, has acquired
Malaysia-based on-demand food delivery platform Delivereat for US$9.8 million.
Pete Chareonwongsak is the CEO at Teleport
Thai social data analytics firm Wisesight secures $7m funding
Wisesight, a social media analytics solutions startup in Thailand, has secured more than US$7 million in a Series B financing round co-led by Thai bank Krungsri’s VC arm Krungsri Finnovate and Japanese IT solutions giant TechMatrix.
Kla Tangsuwan is the CEO at Wisesight
Thai accounting SaaS startup FlowAccount nets US$4M to scale its small biz offering
Thai accounting SaaS firm FlowAccount has raised US$4 million in a Series A round led by Sequoia Capital India, Tech In Asia reports.
Kridsada Chutinaton is the CEO & Co-founder at FlowAccount
SG proptech startup Ohmyhome to boost data-matching technology after raising $5m
Ohmyhome, a one-stop-shop property platform based in Singapore, has secured US$5 million in a fresh round of financing from local investor Swettenham Blue.
Rhonda Wong is the CEO at Ohmyhome