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Focus Southeast Asia News Roundup – Issue #15

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 #15

FINTECH

Immunefi raises US$5.5M to build the “most elite” emergency response team in the industry
Bug bounty and security services provider Immunefi today announced a US$5.5 million funding round from a list of investors that included Blueprint Forest, Electric Capital, Framework Ventures, Bitscale Capital, P2P Capital, IDEO Colab, The LAO, BR Capital, 3rd Prime Ventures, North Island Ventures, and other individual investors.
Travin Keith is the Co-Founder at Immunefi

Vietnamese ecommerce startup Tiki nears unicorn status after raising $240 million in Series E round
Vietnam-based ecommerce startup Tiki has secured $240 million funding in Series E round led by AIA Group. the funding round also saw participation from South Korean investment manager Mirae Asset, UBS (London Branch), STIC Investments (Korean private equity firm), and Taiwan Mobile.
Son Tran Ngoc Thai is the Founder at Tiki

Ex-LinkAja executive’s omnichannel solutions startup majoo lands US$4M pre-Series A
Majoo, a startup providing omnichannel solutions for MSMEs in Indonesia, has received US$4 million in pre-Series A funding led by AC Ventures with participation from BRI Ventures and Xendit.
Adi W Rahadi is the Founder & CEO at Majoo

Sipher closes US$6.8M seed round to develop metaverse game World of Sipheria
Sipher, a blockchain-powered gaming studio in Vietnam, has completed its US$6.8 million seed round of financing, co-led by Arrington Capital, Hashed and Konvoy Ventures.
Tin Nguyen is the Founder at Sipher

White Star Capital launches new US$360M global fund, to open office in Singapore
White Star Capital, a multi-stage global technology investment firm, has launched its third flagship fund worth US$360 million.
Cristina Ventura is the Chief Catalyst Officer & Venture Partner at White Star Capital

Vietnam’s stock trading app Anfin nets US$510K from early investor of Facebook, LinkedIn, Slack
Anfin, a Vietnam-based stock trading app for retail investors, has raised US$510,000 from Global Founders Capital (GFC), First Check Ventures, and R2 Venture Partners.
Phuoc Tran is the Co-Founder & CEO at Anfin

ASX-listed Novatti to acquire Malaysian fintech firm ATX for up to US$7.4M
Novatti Group, an ASX-listed Australian fintech company, announced that it has acquired Malaysian digital payments firm ATX Fintech Holding. Novatti will acquire all of the issued share capital of ATX for a minimum consideration of approximately A$8.4 million up to A$9.9 million (US$6.2-7.4 million).
Sashie Kumar is the Co-Founder and CEO at ATX

UOB’s venture arm leads US$5M Series A of Vietnamese fintech firm SAMO Holding
SAMO Holding, the company behind Vietnam’s financial comparison platform thebank.vn, has secured US$5 million in a Series A round led by UOB Venture Management, the investment arm of Singapore’s United Overseas Bank (UOB).
Dat Nguyen is the Founder & CEO at SAMO

Abu Dhabi wealth fund to inject US$400M into GoTo’s pre-IPO round
Indonesia’s most prominent tech group GoTo Group is set to receive US$400 million from a wholly-owned subsidiary of Abu Dhabi Investment Authority (ADIA) in its pre-IPO round.
Hamad Shahwan AlDhaheri is the Executive Director at ADIA

Singapore trading app MarketWolf scores $5.5m seed funding
MarketWolf, an ‘intra-day options only’ trading app, has
bagged US$5.5 million in a fresh round of seed funding from a slew of high-profile individual investors.
Vishesh Dhingra is the Founder & CEO at MarketWolf

Auspac Investment Management launches US$50M fund to back SEA startups
The Singapore-based investment vehicle targets to raise US$50 million over the next 18 months from wealthy individuals, corporates and family offices after closing the first tranche of US$5 million from its Australian parent in September.
Allen Cheong is the Co-Founder and CEO at Auspac

Malaysian F&B and retail tech solutions firm eatcosys raises US$2.4M via Fundnel
Eatcosys, a provider of F&B and retail tech solutions in Malaysia, has raised RM10 million (US$2.4 million) via the equity crowdfunding platform Fundnel and a concurrent private placement.
Tham Lih Chung is the Co-Founder at eatcosys

Pickupp extends its Series A round to US$20M with fresh capital injection from Reefknot
Pickupp, an on-demand delivery and tech startup in Southeast Asia, has secured additional investments from Reefknot Investments, a joint venture between Temasek Holdings and Kuehne + Nagel. This round brings Pickupp’s total capital raised in Series A to approximately US$20 million.
Lee Chee Meng is the Co-COO at Pickupp

iSeller, the ‘Shopify of Indonesia’, nets US$8M to become a super-app for merchants
iSeller, a startup providing e-commerce and payment solutions in Indonesia, has announced the completion of a US$8 million pre-Series B financing round co-led by Openspace Ventures and AppWorks.
Jimmy Petrus is the Founder & CEO at iSeller

Global VC firm Antler raises over US$300 million, expands focus to invest in startups to Series C
Singapore-headquartered global early-stage VC firm Antler has closed over US$300 million to date from Schroders, Vækstfonden, and Phoenix Group.
Magnus Grimeland is the Founder & CEO at Antler

Singapore-based BioTech startup AUM Biosciences bags US$27 million in Series A
ntlerAUM Biosciences, a Singapore-based global clinical-stage biotech company, has completed its US$27 million Series A financing round.
Vishal Doshi is the CEO and Co-Founder at AUM Biosciences

Thai social data analytics firm Wisesight secures $7m funding
Wisesight, a social media analytics soluti Thailand, has secured more than US$7 million in a Series B financing round co-led by Thai bank Krungsri’s VC arm Krungsri ons startup in 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

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