Asia

US cuts trade ties to Myanmar, leaving internet access uncertain

The U.S. government has cut trade ties to Myanmar, two months after the country’s military staged a coup overthrowing the country’s president and also its de facto leader, Aung San Suu Kyi

Ajaib raises $65M Series A extension led by Ribbit Capital, increasing the round’s total to $90M

Ajaib, the Indonesian investment app, has added $65 million to its Series A, bringing the round’s new total to $90 million. The extension was led by Ribbit Capital, the fintech investor that also le

YC-backed Homebase is an alternative to traditional mortgages for home buyers in Vietnam

The home ownership rate in Vietnam is about 90%, but many millennials are struggling to join that number. Rising property prices in cities, coupled with a lack of financing options, mean more people h

Hong Kong-based viAct raises $2M for its automated construction monitoring platform

Hong Kong-based viAct helps construction sites perform around-the-clock monitoring with an AI-based cloud platform that combines computer vision, edge devices and a mobile app. The startup announced t

UI-licious gets $1.5M led by Monk’s Hill Ventures to simplify automated UI testing for web apps

UI-licious, a Singapore-based startup that simplifies automated user interface testing for web applications, announced today it has raised $1.5 million in pre-Series A funding. The round was led by Mo

Indonesian social commerce app KitaBeli gets $10M led by Go Ventures

KitaBeli, an Indonesian social commerce app for group buying, announced today it has raised a $10 million Series A. The round was led by Go Ventures, whose cornerstone investor is Gojek, with particip

Cross-border fintech Airwallex raises $100M Series D extension at new valuation of $2.6B

Airwallex, the fintech company for cross-border businesses, announced today it has added $100 million more to its Series D round, bumping its valuation up to $2.6 billion. The extension was led by Gre

Jeff raises $1M to build alternative credit scoring and other fintech products for Southeast Asia

According to the World Bank, more than one billion people in South and East Asia lack access to a bank account. For many, this makes it difficult to secure loans and other services because they don’

Indonesian savings and investment app Pluang gets $20M in pre-Series B funding

Indonesia-based fintech Pluang announced today it has raised $20 million in a pre-Series B round led by Openspace Ventures, with participation from Go Ventures and other returning investors. The compa

Singapore-based M Capital Management closes $30.85M debut fund to invest in Southeast Asian startups

M Capital Management, a Singapore-based venture capital firm, announced today it has closed its debut fund, M Venture Partners (MVP), totaling $30.85 million USD. It plans to invest in 40 early-stage

Financial API provider Brick is building the infrastructure for open banking in Southeast Asia

The adoption of financial apps is surging in Southeast Asian markets like Indonesia, the region’s most populous country. Founded by fintech veterans last year, Brick develops APIs that make it easie

Swedish battery manufacturer Northvolt receives a $14 billion order from VW

Northvolt, the Swedish battery manufacturer which raised $1 billion in financing from investors led by Goldman Sachs and Volkswagen back in 2019, has signed a massive $14 billion battery order with VW

SIP Global Partners announces first close of its $150M fund to bring U.S. startups into Japan

Japan is under discussed as an expansion target for American startups, but in the past few years it has become a top market for companies like Slack, Salesforce, Twitter and, more recently, Clubhouse.

Tetrate, the company born out of Istio’s open-source app networking project, raises $40 million

Tetrate, the company commercializing an open-source networking project that allows for easier data sharing across different applications, has raised $40 million. The round, led by Sapphire Ventures, u

Pegasus Tech Ventures and Japanet launch new $50M fund to bring global startups to Nagasaki

Pegasus Tech Ventures, a firm that helps corporations launch startup investment funds, announced a new partnership with Japanet today. Japanet, one of Japan’s largest television shopping compani

Taipei-based Influenxio gets $2M from DCM Ventures for its ‘microinfluencer’ marketing platform

“Microinfluencers” are gaining clout among marketers. Though they may have as little as a thousand followers, microinfluencers tend to focus on specific content and be seen as more engagin

Scrum Ventures launches new program to connect startups with Japanese corporations

Headquartered in San Francisco and Tokyo, Scrum Ventures is known for its accelerator programs focused on sports, food and smart-city tech. Today it announced the launch of a new incubator program tha

Indonesian logistics startup SiCepat raises $170 million Series B

SiCepat, an end-to-end logistics startup in Indonesia, announced today it has raised a $170 million Series B funding round. Founded in 2014 to provide last-mile deliveries for small merchants, the com

Payfazz invests $30M in Xfers as the two Southeast Asian fintechs form Fazz Financial Group

Payfazz and Xfers, two startups that want to increase financial inclusion in Southeast Asia, announced today they have joined forces to create a new holding entity called Fazz Financial Group. As part

Netflix to release 41 original Indian shows and movies this year

Netflix said on Wednesday it will roll out 41 Indian films and shows this year, its biggest annual roster of Indian content to date, as the American giant makes a further push to win subscribers in th
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