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Singapore’s Helicap acquires securities firm Arcor Capital to champion...
Arcor Capital will work with Helicap Investments to raise US$180 million in capital from accredited investors Singapore-based fintech platform that specialises in alternative lending in Southeast Asia,...
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Reports say Go-Jek in talks to acquire Indonesia’s mobile POS startup Moka
For Moka, a merger with Go-Jek will make good business sense as this will allow access to tens of millions of users and a large merchant network Southeast Asian ride-hailing giant Go-Jek is in talks to...
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JD.com-backed Vietnamese e-commerce firm Tiki buys event ticketing startup...
This deal is part of Tiki’s efforts to build an “all in one” e-commerce ecosystem Vietnam’s leading e-commerce company Tiki.vn has announced that it has acquired local online ticketing platform...
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Danamica’s acquisition to enable Oyo to set dynamic pricing for vacation...
Oyo says this deal will help Oyo to be more accurate with pricing, leading to higher efficiencies and yield for its real estate owners Kim Holmsted, COO, Dancentre, OYOVacation Homes, with Danamica...
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iCar Asia to acquire Carmudi.co.id for US$3M to expand its used car biz in...
Carmudi, an online platform, also operates five physical car sales centres called Carsentros across Indonesia Carmudi Indonesia Managing Director Stefano Kirihettige Perera iCar Asia, a leading network...
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Singapore’s Dr. Reckendorfer & Partners acquires minority stake in Thai Terra...
Terra Capital, Bangkok-headquartered investment firm, announces that Singapore-based Dr. Reckendorfer & Partners, has acquired a minority stake in Terra Capital in order to support the firm and...
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99.co acquires iProperty.com.sg, Rumah123; to assume full control of REA’s...
99.co CEO Darius Cheung Singapore’s leading property portal 99.co has announced it has inked an agreement to take over operations of REA Group’s consumer brands iProperty.com.sg in Singapore and...
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Skolafund crowdfunds scholarships to low-income students in Malaysia, gets...
Skolafund CEO Tengku Syamil Skolafund, an impact enterprise that crowdfunds scholarships to university students in need, has been wholly acquired by one of Asia’s leading donation crowdfunding...
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Verita Healthcare Group acquires three healthcare platform, expanding abroad
Verita Healthcare Group (“Verita”), an integrated provider of preventative, personalised healthcare, announced that it has invested in three digital healthcare businesses based in Asia and Europe. The...
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Shopmatic acquires SaaS multi-channel e-commerce platform CombineSell,...
Shopmatic founders Shopmatic, Singapore-based e-commerce solution firm, announces its second acquisition of the year, buying 100 per cent stake of CombineSell, a Singaporean startup that allows...
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Singapore’s Qoo10 acquires India’s ShopClues, once a Unicorn, for less than...
Qoo10 CEO Ku Young Bae Singapore-based e-commerce company Qoo10 has acquired ShopClues, an online marketplace in India, for US$70-100 million, The Economic Times reports. This an all-stock deal is the...
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Paktor’s parent M17 Group acquires MeMe Live, to expand its footprint in...
Joseph Phua, CEO, M17 Group M17 Group, a social networking entertainment group based in Taipei, Taiwan, has acquired Hong Kong-based MeMe Live, a live-streaming platform invested by FunPlus, with a...
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Digital therapeutics platform Biofourmis acquires Biovotion AG, partners with...
Biofourmis, a digital therapeutics platform based in Boston, announces that it has acquired Switzerland-based Biovotion AG, a developer of a clinical-grade wearable biosensor platform. The acquisition...
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India’s CarDekho buys Carmudi Philippines, aims to digitise the country’s...
CarDekho Group, which owns and operates a string of auto portals in India, has acquired car classifieds site Carmudi Philippines. It is the second Southeast Asian country where CarDekho has started...
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Malaysia’s Aerodyne forays into US with the acquisition of drone inspection...
Malaysian-based AI-driven, drone-based solutions provider Aerodyne Group today announced the acquisition of a controlling stake in the services business of Measure UAS, an aerial intelligence company...
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gojek is said to have finalised acquisition of Moka for US$120M
Bloomberg reported that Indonesian ride-hailing unicorn gojek is currently in the final stage of acquiring point-of-sale (POS) solutions provider Moka for US$120 million. Once the deal is finalised,...
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Today’s top tech news: Bangladesh’s Pathao is said to merge with SureCash
Bangladesh’s Pathao is said to merge with SureCash – Dealstreet Asia Bangladeshi ride-hailing startup Pathao is reported to be in talks to merge with local digital payments provider SureCash,...
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Report: gojek to purchase stakes at Indonesian taxi operator Blue Bird
Former gojek CEO Nadiem Makarim at the Blue Bird and gojek partnership announcement event in 2017 Indonesian ride-hailing giant gojek is nearing an agreement to buy five per cent of local taxi operator...
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Fashion tech startup Zilingo acquires software company nCinga Innovations for...
Singapore-headquartered fashion technology platform Zilingo announces that it has acquired Sri Lanka-based software company nCinga Innovations in a direction of strengthening its position as a digital...
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P2P lending platform Investree buys half of stake in B2B startup Mbiz, to...
Investree management team with investors Fintech lending platform Investree has announced that it has acquired half of the stake in Mbiz, a B2B procurement startup, DailySocial reported. No financial...
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Dash Living acquires Singapore’s coliving company Easycity, expands to Asia...
Dash Living, a Hong Kong-based property tech startup announced today that it has expanded its presence to Asia Pacific by acquiring Singapore’s coliving company EasyCity, according to a statement....
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Pomelo accelerates growth by acquiring fashion e-commerce platform Looksi
Thailand-headquartered digital fashion brand Pomelo announced the completion of an acquisition of fashion e-commerce platform Looksi, according to a press statement. The value of the deal was not...
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Today’s top tech news: Uber sells food delivery service in India to Zomato
Uber sells food delivery service in India to Zomato – TechCrunch Ride-hailing giant Uber announced that it has sold its food delivery business in India, Uber Eats, to local competitor Zomato,...
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Fish farming company Barramundi Asia buys Temasek-backed deeptech startup...
Barramundi Asia, a fish farming group based in Singapore and Australia, has announced that it has acquired deeptech startup Allegro Aqua. The merger will see both companies combine resources and...
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Garena acquires Phoenix Labs, the company behind popular RPG Dauntless
Sea Chairman and CEO Forrest Li Sea Limited, a global consumer internet company, today announced that its digital entertainment arm Garena has acquired Phoenix Labs, an independent game development...
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Indonesian ride-hailing startup Anterin to diversify services following...
Indonesian conglomerate MNC Group, through its subsidiary PT Indonesia Transport & Infrastructure Tbk (IATA) announced that it has signed a term sheet to acquire a majority stake in local...
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E-commerce startup Get acquires Daung Capital to provide one-stop fintech...
Myanmar-based e-commerce startup Get All Myanmar has acquired Burmese fintech firm Daung Capital in a mission to come up with a unified solution provider for micro-entrepreneurs in the country, says a...
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Grab acquires Bento to assist SEA users with retail wealth solutions
Singapore-based ride-hailing giant Grab announced today that it has acquired local robo-advisory startup Bento to offer retail wealth management solutions to users via the Grab app. The amount for...
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Indonesia’s digitised hawker startup Wahyoo acqui-hires online store...
Alamat.com, an Indonesia-based online directory that seeks to help consumers find service- and-lifestyle stores, has been acqui-hired by local digitised hawker platform Wahyoo, a DailySocial report...
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Uncharted acquires Shift to fulfill goal to become top 5 insurtech providers
Singapore-based insurtech company Uncharted has acquired Shift Insurtech for an undisclosed sum. Following the acquisition, Shift will operate under the Uncharted brand. It will combine its insurance...
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Trax acquires European image recognition startup Qopius to expand digital...
Trax, a retail tech unicorn with a valuation of US$1.4 billion, announced today that it has acquired Qopius, a Europe-based image recognition company that has raised close to US$1.8 million. The...
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Indonesian ride-hailing giant gojek denies report on merger talks with rival...
Indonesian ride-hailing giant gojek has denied circulating report about merger talks between the company and its rival Grab. The Information reported earlier that a possible merger is being discussed...
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Afternoon News Roundup: Funding Societies teams up with SGeBIZ to lower...
Funding societies partners SGeBIZ to lower working capital barriers for SME’s Crowdfunding platform Funding Societies announced today that it will partner with Singapore E-Business (SGeBIZ) to...
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AMTD Digital to acquire Singapore’s insurtech startup PolicyPal
Left to right: PolicyPal CTO Wong Kai Chin, AMTD Group Chairman and CEO Calvin Choi, PolicyPal Founder and CEO Val Yap AMTD Digital, a digital finance arm of Hong Kong-based AMTD Group, announced today...
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Indonesian VC firms Convergence and Agaeti merge to form AC Ventures
Agaeti Ventures and Convergence Ventures, two early-stage venture capital firms in Indonesia, has formally announced their merger. Named AC Ventures, the new entity will be managed by its partners...
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Afternoon News Roundup: gojek acquires fintech payment solutions provider Moka
gojek acquires Moka, a fintech startup providing payment solutions for SMEs Kr-Asia reported today that ride-hailing giant gojek has acquired Moka, an Indonesian fintech startup that provides payment...
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US fintech startup SoFi acquires Hong Kong’s 8 Securities, establishing APAC...
SoFi, an American personal finance company, announced today that it has acquired 8 Securities, a fintech platform based in Hong Kong. 8 Securities will be rebranded as SoFi Hong Kong as a result of...
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Financial products comparison firm GoBear acquires lending platform...
GoBear, a financial products comparison startup based in Singapore, has acquired AsiaKredit, a consumer lending platform operating in the Philippines, according to a press release. The financial...
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Roundup: Singapore’s Responsible Cyber acquires digital identity wallet Secucial
Singapore’s cybersecurity startup Responsible Cyber acquires digital identity wallet Secucial Responsible Cyber (RC), a Singaporean cybersecurity startup that manages software security for small and...
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(UPDATED) Kollective Ventures acquires Paktor Group from M17 Entertainment
(This article has been updated with new details and comments from Paktor) Kollective Ventures (KV), a capital advisory and investment firm based in Singapore, announced today that it has completed the...
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Relocation startup Moovaz acquires SPH’s The Finder to build its digital...
Singapore-based human mobility and relocation company Moovaz today announed that it has signed an agreement with Singapore Press Holdings (SPH) to acquire its expat-focussed publication The Finder in...
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Filipino fintech firm Ayannah merges with India’s ECAPS; plans to raise...
Philippines-based digital financial services provider Ayannah has announced a merger with Indian online payments company Equity Capital Advisors (ECAPS). Christened Ayannah Global (AG), the new entity...
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Indonesian digital payments platforms OVO, Dana reportedly agreed to merger
Last year, Reuters came out with an exclusive report about the Southeast Asian ride-hailing giant Grab’s plan to merge OVO, its e-wallet service with DANA– an Indonesia-focussed e-wallet platform run...
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[Updated] Intuit acquires TradeGecko to further strengthen its accounting...
Updates: We included additional information from Bloomberg in this article Global SaaS platform Intuit today announced that it has entered an agreement to acquire TradeGecko, the Singapore-based...
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Malaysia’s JurisTech acquires financial products comparison platform iMoney
JurisTech co-founder WaiHun (L) and iMoney co-founder Lee Ching Wei Malaysia-based JurisTech, a provider of software solutions for banks, financial institutions, insurance providers and telecom...
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ASX-listed Afterpay acquires EmpatKali to take its ‘buy-now, pay-later’ biz...
Australia-based Afterpay, a ‘buy-now, pay-later’ platform that facilitates e-commerce between retail merchants and customers, has acquired EmpatKali, which operates a similar service in Indonesia. The...
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Malaysian digital media group REV Asia to acquire iMEDIA for US$9.6M
Digital media group REV Asia Berhad today announced that it has agreed to acquire iMedia, a Malaysian digital media company focussing on content, technology, and social influencer marketing. iMedia...
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Merchantrade acquires Valyou from Telenor to further penetrate into...
Merchantrade Asia, a home-grown digital money services company and e-money issuer in Malaysia, has fully acquired local fintech player Valyou from Telenor Group, following a competitive bidding...
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Moovaz acquires GetVan to bolster its tech-powered relocation business
(L-R) Moovaz’s Head of Ops Lee Minghui and CEO Lee Junxian with GetVan Director James Neo and CCO Jerry Chua Singapore-headquartered relocation services company Moovaz has signed an agreement to...
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iMedia buys controlling stake in Goody25’s Malaysian parent
Goody team iMedia, a Malaysia-based integrated digital media group currently, has acquired a controlling stake in Goody Technologies, which runs the internet properties Goody25 and GoodyMY. As part of...
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