Funding News

On May 28, Malaysian startup LiveIn shared that it has surpassed US$10.95 million in funding for its pre-Series B round. This milestone was achieved due to a new US$2.6 million investment by Korea Investment Partners (KIP), which is an extension from the US$8.3 million pre-Series B round led by InterVest Co., LTD and Wavemaker Partners, announced in December 2023. “This […]

Not equity investment into CapBay but provide funds for Shariah-compliant financing Kenanga believes digital platform enables a faster, more convenient process for SMEs In a boost for SMEs seeking shariah compliant financing, Bay Group Holdings Sdn Bhd, which operates as CapBay, a Malaysian multi-bank supply chain finance and peer-to-peer financing (P2P) platform has secured US$7.1 […]

From: Tech in Asia Giztix, a Thailand-based logistics startup, has raised US$10 million in a series B funding round co-led by Bualuang Ventures and WHA Group. The round also saw participation from AddVentures, the VC arm of Thailand-based conglomerate SCG, as well as from KK Fund. It also saw the onboarding of a new investor […]

POLICYSTREET, a Malaysia-based digital insurance platform, has raised US$6 million in Series A funding led by Altara Ventures, which is backed by businessman and investor Koh Boon Hwee, Auspac Investment Management and Gobi Partners. Founded in 2017 by former insurance and finance professionals – Yen Ming Lee, Wilson Beh and Winnie Chua – PolicyStreet aims […]

From TechinAsia By Roehl Niño Bautista Thai fintech firm Synqa has acquired a majority stake in Eventpop, an event creator platform provider. Financial details of the deal, however, weren’t discussed. Founded in 2015, Bangkok-based Synqa is the parent company of Omise, which specializes in fintech services such as online payments and blockchain tech, and Opn, […]

Car aftersales services firm Autopair announced that it has raised an undisclosed sum from manufacturer Summit Auto Body Industry as part of its pre-series A funding round. Autopair CEO Santi Vajanapanich / Photo credit: Autopair The Thai startup will use the fresh funds to bankroll the launch of its new digital business management platform, aiming […]

With the new funds, the company plans to enhance its software and technological systems, as well as expand to new markets in Indonesia, Malaysia, and Singapore Thailand-based online car rental platform Drivehub announced on Thursday that it has raised an undisclosed amount in its Series A funding round led by investors Toyota Tsusho, CAC Capital, […]

CapBay, a Malaysian multibank supply chain finance company and peer-to-peer (P2P) financing platform, announced that it has secured US$20 million in a series A round from existing investor KK Fund, a Singapore-based VC firm. Several angel investors with expertise in finance, technology, and growing startup companies, also participated in the round. CapBay co-founders (from left): […]

The multi-bank supply chain finance and peer-to-peer financing (P2P) platform CapBay on Monday announced to have raised $20 million in its Series A funding round led by Singapore-based venture capital firm KK Fund that invests in startups across Southeast Asia with a strong foothold in Malaysia since 2015. The company aims to use the funds […]

From Fintech News By Fintech News Malaysia June 2, 2020 During the height of the COVID-19 crisis, PolicyStreet, a Malaysian insurtech company opened its fundraising exercise to the angel network via equity crowfunding platform PitchIN. The startup closed its campaign earlier than scheduled after achieving more than 500% of the minimum requirement, making it one […]