Aspire Capital offers fast finance for SMEs in Southeast Asia

Southeast Asia’s digital economy is tipped to grow more than six-fold to reach more than $200 billion per year, according to a report co-authored by Google, with e-commerce accounting for the dominant share. The emergence of e-commerce platforms like Alibaba’s Lazada and U.S.-listed Shopee have enabled online entrepreneurship across the region, but still financial support for […]

Facebook buys ads in Indian newspapers to warn about WhatsApp fakes

As Twitter finally gets serious about purging fake accounts, and YouTube says it will try to firefight conspiracy theories and fake news flaming across its platform with $25M to fund bona fide journalism, Facebook-owned WhatsApp is grappling with its own fake demons in India, where social media platforms have been used to seed and spread […]

Airwallex raises $80M for its international payment service for businesses

Airwallex, a three-year-old fintech startup focused on international payments for SMEs and businesses, is putting itself on the map after it raised an $80 million Series B round. Based out of Melbourne, but with six offices in Asia and other parts of the world, Airwallex’s new funding round is the second-largest financing deal for an […]

Singapore’s Homage, which matches care recipients and caregivers, raises $4.15M for expansion

Homage, a Singapore-based startup that helps connect caregivers and organizations with care recipients and their families, has raised $4.15 million as it begins to eye overseas expansions. The company was started in 2016 by Gillian Tee, a Singaporean who spent time working in the U.S., healthcare industry exec Lily Phang and former banker Tong Duong. […]

New media company Quartz sold to Japanese firm in deal worth up to $110M

Quartz, the business and tech news organization launched owned by Atlantic Media, is moving to a new home after publicly listed Japanese business Uzabase acquired it in a deal worth up to $110 million. The deal is expected to close within a month. Quartz said it won’t be making layoffs and it will maintain its brand and […]

Chinese company claims its ‘laser AK-47’ can set you on fire from half a mile away

Lasers! Everybody loves them, everybody wants them. But outside a few niche applications they have failed to live up to the destructive potential that Saturday morning cartoons taught us all to expect. In defiance of this failure, a company in China claims to have produced a “laser AK-47” that can burn targets in a fraction […]

India’s Cashify raises $12M for its second-hand smartphone business

Cashify, a company that buys and sells used smartphones, is the latest India startup to raise capital from Chinese investors after it announced a $12 million Series C round. Chinese funds CDH Investments and Morningside led the round which included participation from Aihuishou, a China-based startup that sells used electronics in a similar way to Cashify and […]

Television content creation in China

Hugh Harsono Contributor Hugh Harsono is a former financial analyst currently serving as a U.S. Army Officer. More posts by this contributor Bank-based blockchain projects are going to transform the financial services industry How two countries helped drive the recent rise in cryptocurrency prices Content creation has seen immense growth in recent years, with a […]

Chat app Line to launch crypto exchange in July but it won’t cover US or Japan

Messaging app firm Line has confirmed it will launch a cryptocurrency exchange called BitBox next month. The company said back in January that it planned to enter the crypto space with an exchange, but today it said that the BitBox service won’t be available for users in the U.S. and Japan — that’s presumably down […]

Singapore sovereign fund Temasek takes stake in tech events firm Unbound

Media exits happen, but typically you don’t hear of tech events companies being sold. Well, that’s the case in Singapore where SingEx — a subsidiary of the country’s Temasek sovereign wealth fund — has forked out to buy a majority share in Unbound Innovations, a five-year-old UK-based business that runs technology events worldwide. Details of the transaction […]