Ecosystem Roundup: Iris Capital types US$38M debt fund, Granite Oak plans SEA-focused fund, Glossy luggage US$11M



Startups in Philippines may increase US$2B over the following 3 years
There’s now a transparent route of how the startup neighborhood will proceed to progress, based on a report by Gobi-Core Philippines Fund; This consists of the nation’s new wave of technopreneurs, the desire for camels over unicorns, and the rise of the leisure and crypto sectors.

Iris Capital Companions proclaims US$38M enterprise debt fund to again high-impact startups in Malaysia
Iris Capital Companions brings in funds that will likely be matched on a 1:1 foundation with government-backed Penjana Kapital; The first beneficiaries of enterprise debt funds are early-stage startups with validated enterprise fashions and clear market progress alternatives.

Singapore’s SME providers platform Glossy provides US$11M extra to Collection A spherical
EDBI and current traders participated; Glossy automates and integrates firm registration, monetary and regulatory reporting, bookkeeping, and banking providers; In November, Glossy raised US$14M funding co-led by Jungle Ventures and White Star Capital.

Malaysia’s Kenanga invests US$7M in CapBay’s P2P Islamic financing platform
The funding will assist CapBay develop its Shariah-compliant provide chain finance arm CapBay Islamic; Final 12 months, CapBay acquired a 49 per cent stake in Kenanga’s unit KCI to create an Islamic provide chain finance fintech unit.

Blockchain-powered commerce finance community Contour provides US$4.9M to its Collection A kitty
Traders are INTEC Group, Citi Ventures and Bangkok Financial institution; Singapore-based Contour applies enterprise blockchain tech to unite patrons, suppliers and banks on a decentralised digital commerce finance platform.

Animoca Manufacturers invests in Fantico, a startup creating its personal metaverse
Fantico is a digital collectible platform catering to celebrated films, artists, musicians, and sports activities for the Indian market; VistaVerse consists of digital land, blockchain video games, curated and user-generated experiences, and an NFT market.

Sea to assist Indonesian govt. financial institution BNI enter digibank area
Slamet Edy Purnomo, OJK’s deputy commissioner for banking supervision III, mentioned that Sea Group will contribute “a small portion” to BNI’s acquisition of the financial institution; Apart from this tie-up, Sea Group had acquired one other financial institution known as Financial institution Kesejahteraan Ekonomi and turned it into SeaBank.

Seize, Gojek, others get low scores on the honest work index in IDN: report
A Fairwork Basis report mentioned these ride-hailing corporations have didn’t ship on the promise of providing honest pay to their gig employees; This comes regardless of the federal government’s try to make sure honest competitors by establishing a minimal per-kilometer fare based on operational area.

Shopee companions taxi operator Blue Chicken to launch taxi service in Indonesia
Earlier than this partnership, Shopee and Blue Chicken had labored collectively on a number of fronts: The taxi agency permits its customers to make use of ShopeePay to conduct transactions in its MyBluebird app; Additionally, Shopee’s customers may use Blue Chicken’s logistics service as one of many supply strategies on the app.

UK-based investor Granite Oak plans SEA-focused fund in H2 2022
The VC agency, which manages US$250M of capital, is an investor in Vietnam’s F88, Kumu, Sunday and Lomotif; The SEA-focused fund may have a corpus within the double-digit million USD vary.

Line is lining up an NFT service for subsequent 12 months
It would launch NFT service subsequent 12 months by way of its new organisation LineNext to supply {the marketplace} for corporations and people to commerce NFTs globally, excluding Japan; Line is individually working its NFT market beta model by way of Line Bitmax pockets that’s match for the Japanese market.

Japanese IT agency NEC Company launches US$150M VC fund
The fund will give attention to investing in areas like 5G and 6G communication, digital authorities, digital finance, good cities, healthcare and life sciences, and carbon neutrality; It would put money into corporations throughout Asia, Israel, the US, and Europe.

What Choco Up needs you to learn about operating a revenue-based financing platform in Asia
Choco Up combines the usage of know-how and human contact in supporting the startup ecosystem; Learn the way they do it.

Why the Australian Style Council helps startups enter the metaverse
From Burberry and Dolce & Gabbana to Nike, main trend manufacturers in latest months have been embracing NFTs; Now, small Australian companies will likely be given help to discover digital trend, due to a brand new FashTech Lab programme from the Australian Style Council.

A glance again at 2021: The 12 months after 2020’s e-commerce increase
Individuals proceed to buy on-line however now count on slicker digital experiences, frictionless checkout, and speedy supply. These new habits have taken root, and shoppers are extra demanding than ever.

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