Focus Southeast Asia News Roundup – Issue #17
Every fortnight we compile a list of important news updates and events covering Southeast Asia FINTECH, MFGTECH, CLNTECH, and AGRTECH sectors.
Pintek raises US$7M Series A to provide financial services to Indonesia’s education community
Pintek (PT Pinduit Teknologi Indonesia), a provider of financial services for the education community, has secured US$7 million in a Series A funding round via its holding company Socap Holding.
Ioann Fainsilber is the Co-Founder at Pintek
GIMO bags US$1.9M to improve financial stability for blue-collar workers in Vietnam
GIMO, a Vietnam-based on-demand pay solution provider, has secured US$1.9 million in a seed financing round led by Singapore’s Integra Partners.
Quan Anh Nguyen is the Co-founder & CEO at GIMO
Pace raises US$40M Series A as it aims to increase user base by 25x over next 12 months
Pace Enterprise, a buy-now-pay-later (BNPL) startup founded by Spacemob founder Turochas “T” Fuad, has bagged US$40 million in its Series A investment round.
Turochas “T” Fuad is the CEO at Pace
Ex-Rocket Internet Asia head secures US$3M seed capital for his on-demand workspace venture
Deskimo, a provider of on-demand workspaces in Singapore and Hong Kong, has completed a US$3-million seed financing round from Y Combinator and Global Founders Capital.
Raphael Cohen is the Co-Founder at Deskimo
Lazada co-founders’ new e-commerce enabler CREA locks in US$25M from SuperOrdinary
Thai e-commerce enabler CREA has announced a US$25 million strategic investment from SuperOrdinary, a global accelerator for beauty and personal care brands, in exchange for minority equity.
Alessandro Piscini is the Founder at CREA
Kejora Capital, Sunway Group launch new US$25M fund for Malaysian startups
Indonesia-based venture capital (VC) firm Kejora Capital today announced a partnership with Malaysian conglomerate Sunway Group to launch Orbit Malaysia Fund, a US$25 million fund for startups in the country.
Raymond Hor is the Fund Director of Orbit VC Malaysia by Kejora & Sunway
Thai e-logistics startup GIZTIX nets US$10M in Series B, eyeing IPO in 2025
GIZTIX, a Thailand-based digital platform for e-logistics, announces to have secured US$10 million in a Series B funding round co-led by WHA Group, a fully-integrated logistics and industrial facilities solutions corporation in Thailand, and Bualuang Ventures, a subsidiary of Bangkok Bank.
Sittisak Wongsomnuk is the CEO at GIZTIX
Vietnam’s NextTech sets up US$50M fund to invest in blockchain startups in SEA
NextTech Group, a tech corporation managing 20 platforms to support digital transformation in Vietnam and Southeast Asia, has launched a US$50-million blockchain fund.
Binh Hoa Nguyen is the CEO and Founder at NextTech Group
Sleek lands US$14M Series A to offer back-office services to SMEs worldwide
Sleek, a Singapore-based startup providing incorporation and accounting services for small and medium enterprises (SMEs) and entrepreneurs, has secured US$14 million in a Series A financing round.
Julien Labruyere is the CEO at Sleek
InLife leads investment round of Filipino D2C insurtech platform Maria Health
Maria Health, an online health insurance marketplace and aggregator in the Philippines, has bagged an undisclosed sum in a funding round led by local insurance major InLife.
Glife raises US$8.1M in Series A funding round led by Heliconia Capital, invests in Novitee
Singapore-based B2B food and agritech startup Glife
Technologies today announced an S$11 million (US$8.1 million) Series A funding round led by Heliconia Capital, a wholly-owned subsidiary of Temasek Holdings.
Justin Chou is the Co-Founder & CEO at Glife
Kilo, a Vietnamese B2B e-commerce platform for MSMEs, bags $5M pre-Series A
Kilo, a Vietnamese B2B e-commerce platform that connects wholesalers with micro, small and medium enterprises (MSMEs), has received US$5 million in pre-Series A financing.
Narayan Kartick is the Founder & CEO at Kilo
Homebase raises $30M to help more people in Southeast Asia become property owners
Homebase, a proptech company in Vietnam, has attracted US$30 million in equity and debt funding from a host of investors, including Y Combinator and its CEO Michael
Seibel, Partech Partners, Goodwater Capital, Ace and Company, Emles Advisors and Foundamental.
Phillip An is the Co-founder at Homebase
Telio lands US$22.5M pre-Series B to expand B2B e-commerce solutions to 30 provinces in Vietnam
Telio, a Vietnamese B2B e-commerce platform, has secured US$22.5 million in a pre-Series B round led by local unicorn VNG Corporation.
Phong Sy Bui is the Founder & CEO at Telio
Google, Fidelity, Tencent join GoTo’s US$1.3B first close of pre-IPO round
GoTo Group, one of the largest digital ecosystem in Indonesia, has secured more than US$1.3 billion in the first close of its pre-IPO funding round.
Andre Soelistyo is the CEO at GoTo
Society Pass launches US$26M IPO on Nasdaq, shares surge 230 per cent
Vietnamese company Society Pass, which provides a data-driven loyalty platform, has launched a US$26 million initial public offering (IPO) on the Nasdaq stock exchange in the US.
Dennis Nguyen is the Founder & CEO at Society Pass
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