A virtual bank is soon coming to Indonesia. WeLab, a Hong Kong-based fintech unicorn, announced Tuesday its acquisition of Bank Jasa Jakarta (BJJ), an Indonesian commercial bank. With the deal, […]
Southeast Asia
Trending topics and news from the Southeast Asia category
Back to news homeIndonesia-focused AC Ventures closes oversubscribed $205M third fund
More investor money is flowing into Indonesia’s startup ecosystem. Today, AC Ventures, which focuses early-stage startups in the country, announced it has raise $205 million in committed capital for its […]
Months after its Series A, Singaporean robo-advisor Endowus add $35M SGD in new funding
Endowus is the latest investment app in Southeast Asia to raise follow-on funding, adding $35 million SGD (about $25.6 million US) to its war chest. The round was led by […]
Education startup MindX raises $3.3M to prepare Vietnamese students for tech careers
Coding education platform co-founders Tung Nguyen and Ha Nguyen Vietnam’s digital economy is one of the fastest growing in the world, but the country is facing a growing shortage of […]
Korean proptech startup Rsquare raises $72M Series C to fuel its expansion
The commercial real estate brokerage market in South Korea is fragmented, which makes finding a new office for tenants a challenge due to inaccurate listing information, high brokerage fee and […]
Kilo, a Vietnamese B2B e-commerce platform for MSMEs, bags $5M pre-Series A
Kilo, a Vietnam-based B2B e-commerce platform that connects wholesalers with micro, small and medium enterprises (MSMEs), wants to digitize the local retail value chain via technology. “In Vietnam, micro, small […]
Homebase raises $30M to help more people in Southeast Asia become property owners
Homebase, a Ho Chi Minh City-based proptech startup that helps people buy homes, announced today it has raised $30 million in equity and debt (the ratio was undisclosed). The company’s […]
Vietnam’s Workers Hesitate to Return After Covid Outbreak
Thu Trang traveled to Ho Chi Minh City, Vietnam, in 2019, ecstatic to get a job at a factory. She worked eight-hour shifts and was guaranteed overtime pay, and the […]
Singapore-based TreeDots gets $11M Series A to cut food waste in Asia
Every year, tons of food ends up in landfills because of cosmetic issues (they won’t look nice in stores) or inefficiencies in the supply chain. Singapore-based TreeDots, which says it […]
Indonesian venture capital firm Alpha JWC closes $433M third fund
Alpha JWC co-founders Jefrey Joe and Chandra Tjan. Image Credits: Alpha JWC Alpha JWC, the Jakarta-based venture capital firm, announced today it has closed its third fund at $433 million. […]