Fintech lender Aye Finance Thursday announced that it has raised $10 million in the form of external commercial borrowings (ECBs) from Zurich-based responsAbility Investments AG. Aye plans to use the proceeds to offer business loans to microenterprises to support their growth, it said in a statement. “We are currently witnessing a surge in credit applications… Continue reading responsAbility invests in Aye Finance and India deals worth $129m
Category: Tech News
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FigBytes Raises Additional US$14.5M Funding
FigBytes, an Ottawa, Canada-based provider of an environmental, social, governance (ESG) insight platform for strategy, data, reporting and stakeholder engagement, raised additional US$14.5M in funding. Backers included existing investor Quantum Innovation Fund, an affiliate of Quantum Energy Partners, in addition to a US $4.5M debt facility from Silicon Valley Bank. This latest round of financing… Continue reading FigBytes Raises Additional US$14.5M Funding
Great Wall Motor’s hydrogen fuel cell arm raises nearly $79m in Series B roundThe startup aims to build a global R&D system and step up its manufactur…
FTXT Energy Technology, a Chinese developer of hydrogen fuel cell technology, has closed 555 million yuan ($78.6 million) in a Series B round of financing as its parent group raises its stakes in the country’s eco-friendly vehicle market. Shanghai-headquartered FTXT, an affiliate of China’s Great Wall Motor, raised the new capital from lead investor CNBM… Continue reading Great Wall Motor’s hydrogen fuel cell arm raises nearly $79m in Series B roundThe startup aims to build a global R&D system and step up its manufactur…
Taiwan’s Gogoro teams up with Ayala, Globe unit to tap PH market
Taiwanese electric vehicle firm Gogoro has teamed up with Globe Telecom’s 917Ventures and conglomerate Ayala Corporation to bring its smart scooter and battery-swapping technology in the Philippines. Gogoro, which got listed in New York through a merger with a special purpose acquisition company Poema Global in April, will pilot its services in the capital Manila… Continue reading Taiwan’s Gogoro teams up with Ayala, Globe unit to tap PH market
Temasek unit picks up stake in Zomato after Alibaba pares holding
Temasek Holdings has bought a 1.14% stake in India’s Zomato, a day after Alipay Singapore Holding Pte offloaded 3.07% of its shares in the food delivery startup, according to data from the National Stock Exchange. Camas Investments Pte Ltd, an arm of Singapore’s state-owned fund Temasek Holdings, bought 98 million shares of Zomato on Wednesday… Continue reading Temasek unit picks up stake in Zomato after Alibaba pares holding
China Digest: PhiGent Robotics snaps funds; Swiss crypto bank SEBA opens HK office; HK-listed Brainhole Tech plans to buy $3m crypto
Beijing-based autonomous driving solutions provider PhiGent Robotics notches funds, while Swiss crypto bank SEBA Bank opens an office in Hong Kong. Also, Hong Kong-listed Brainhole Tech plans to acquire over $3 million worth of crypto in open market. Xiang He leads PhiGent’s Series A+ round Beijing-based autonomous driving solutions provider PhiGent Robotics has snapped “several… Continue reading China Digest: PhiGent Robotics snaps funds; Swiss crypto bank SEBA opens HK office; HK-listed Brainhole Tech plans to buy $3m crypto
YouTube’s top US videos of 2022 include Technoblade’s farewell and Will Smith’s slap
YouTube has revealed its top videos and creators of 2022. At the top of the US trending video list is the final video from Technoblade, a Minecraft creator who died after a battle with cancer. Technoblade wrote a farewell message to fans that his father read in the video, which has more than 87.6 million views.… Continue reading YouTube’s top US videos of 2022 include Technoblade’s farewell and Will Smith’s slap
LastPass reveals another security breach
LastPass CEO Karim Toubba has revealed that the password manager has been breached again. Toubba said the company detected an unusual activity within a third-party cloud storage service that it shares with its parent company GoTo, which was formerly known as LogMeIn. To investigate the incident, LastPass has teamed up with security firm Mandiant. Together,… Continue reading LastPass reveals another security breach
US bans new Huawei, ZTE telecom equipment, citing national security riskThe move represents Washington’s latest crackdown on Chinese tech giants.
The Biden administration has banned approvals of new telecommunications equipment from China’s Huawei Technologies and ZTE because they pose “an unacceptable risk” to US national security. The US Federal Communications Commission said on Friday it had adopted the final rules, which also effectively bar the sale or import of new equipment made by Chinese surveillance… Continue reading US bans new Huawei, ZTE telecom equipment, citing national security riskThe move represents Washington’s latest crackdown on Chinese tech giants.
Asia Digest: GoPizza secures $45m; Australian startups Vald and Morse Micro raise funding
South Korea-based pizza startup GoPizza closed its Series C funding round at $45 million, while Australian sports tech company Vald and semiconductor maker Morse Micro pocketed $25 million and $30 million, respectively. CJ Investment leads GoPizza’s Series C round South-Korea based pizza brand GoPizza has closed its Series C funding round at $45 million, according… Continue reading Asia Digest: GoPizza secures $45m; Australian startups Vald and Morse Micro raise funding