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JAKARTA (The Jakarta Post/Asia News Network): Indonesian financial technology company Xendit has established a foothold in Malaysia as it seeks to build a presence across South-East Asia.
Xendit, which provides payment services for businesses in Indonesia and the Philippines, has become a billion-dollar startup or unicorn after raising US$150 million in a funding round led by Tiger Global Management.
JAKARTA (Bloomberg): Xendit, an Indonesian digital payments firm that recently reached a US$1 billion valuation, plans to expand to the rest of South-East Asia.
MANILA (Philippine Daily Inquirer/ANN): Dragonpay, a pioneering Filipino financial technology company that has been operating in the market for over 11 years has announced a strategic investment from Xendit Philippines.
JAKARTA: Indonesia’s AC Ventures is raising US$250mil (RM1.12bil) for its fifth fund, banking on its reach in South-East Asia’s largest economy to find the region’s next wave of early-stage startups.
News highlights from Asean countries in the Star-AseanPlus section for Wednesday (Jan 12)
Vietnam is becoming a magnet in South-East Asia for attracting investment in start-ups, driven by a convergence of a young consumer and workforce base with increasing demands for digital technology in the post-pandemic period.
PETALING JAYA: The Securities Commission (SC) has launched its third Capital Market Masterplan (CMP3) to empower all Malaysians to invest for their future and promote digital inclusion to reflect the rapidly changing and competitive environment.
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Wednesday (Sept 15)
News highlights from Asean countries in the Star-AseanPlus section for Tuesday (Aug 3)
JAKARTA: Kopi Kenangan, one of Indonesia's fastest growing retail food and beverage (F&B) chains, has officially become a unicorn in the F&B category, the first from Southeast Asia.
KUALA LUMPUR: Malaysia’s startups stand a higher chance of go-to-market success in the Indonesian US$1 trillion (RM4.16 trillion) economy following the agreement signed between Penjana Kapital Sdn Bhd and AC Ventures, a leading Indonesian venture capital (VC) investment firm.
