Southeast Asian fintech player Atome, which is also known as Apaylater Financials, has received an in-principle approval from Singapore’s central bank to operate as a major payment institution (MPI). Once granted, the MPI licence will allow the company to perform regulated services such as account issuance, domestic and cross-border money transfers, as well as merchant… Continue reading Atome bags in-principle nod to operate as a major payment institution
Category: Tech News
Category Added in a WPeMatico Campaign
Wavemaker Impact hits first close of debut fund at $13m
Singapore-based Wavemaker Impact, the climate-tech venture-building arm of Wavemaker Partners, has announced the first close of its debut fund to drive decarbonisation in Southeast Asia. The fund size is around $25 million, and the firm has raised $13 million in the first close, according to sources familiar with the matter. Wavemaker Impact plans to close… Continue reading Wavemaker Impact hits first close of debut fund at $13m
Forza Horizon 5 on PC gets improved ray tracing, DLSS, FSR, and more
/ PC players of Forza Horizon 5 are getting some visual treats this week. Ray tracing in-game, DLSS, FSR 2.2, and even DLAA have all been added to the racing game. Image: Playground Games Forza Horizon 5 players now have access to in-game ray tracing and DLSS or FSR upscaling support on PC. The latest… Continue reading Forza Horizon 5 on PC gets improved ray tracing, DLSS, FSR, and more
Early results show defeat for California Prop 30, a plan to tax the rich and fund EVs
Californians seem to be voting against a proposal on the midterm election ballot that would tax the wealthiest Californians to help pay for electric vehicle tax incentives and EV charging infrastructure in the state. With about 53% of the state’s votes counted, Proposition 30 was losing 57.3% to 42.7%, according to California’s Secretary of State. California… Continue reading Early results show defeat for California Prop 30, a plan to tax the rich and fund EVs
Instagram on the web has been redesigned for large screens
After finally allowing posting last year, Instagram continues to make changes to its desktop web app. The latest update introduces a refresh user interface that takes better advantage of large screens rather than looking like a larger version of the mobile app, TechCrunch has reported. Instagram Chief Adam Mosseri announced the update along with the… Continue reading Instagram on the web has been redesigned for large screens
Disney now matches Netflix’s subscriber numbers across its combined services
Disney+ has welcomed 12.1 million new subscribers for the company’s fourth fiscal quarter ending on October 1st, and according to Yahoo Finance, that’s 3 million more than analyst estimates. In all, Walt Disney added 14.6 million subscriptions for Disney+, Hulu and ESPN+, bringing its total number of streaming subscribers so far to around 236 million.… Continue reading Disney now matches Netflix’s subscriber numbers across its combined services
Elevar Equity leads $6m funding in CureBay and India deals worth $87m
Odisha-based healthtech platform CureBay on Wednesday announced that it has raised about $6.1 million (Rs 50 crore) in its Series A funding round led by early-stage venture capital firm Elevar Equity. The startup will use the funds for hiring, strengthening technology platform, and to expand to new locations. CureBay plans to launch 100 e-clinics in… Continue reading Elevar Equity leads $6m funding in CureBay and India deals worth $87m
PH startup Humble Sustainability raises $750K and other SE Asia deals
The Philippines-based circular economy startup Humble Sustainability has announced raising $750,000 in a Seed funding round led by SeedStars International Investors, a global seed-stage venture investor. The funding round was also participated by iSeed Ventures, a US-based early-stage venture capital firm, and angel investors, including Jakarta-based B2B marketplace Ula co-founder Alan Wong and Sagar Achanta.… Continue reading PH startup Humble Sustainability raises $750K and other SE Asia deals
ADB invests $12m in Indonesian medical equipment firm OneMed
The Asian Development Bank (ADB) has invested $12.2 million in Indonesian medical equipment firm PT Jayamas Medica Industri, known as OneMed, to support its expansion. According to ADB’s press statement on Wednesday, the global bank has subscribed 1 billion shares worth $12.2 million in OneMed’s IPO on the local stock exchange. The company will use… Continue reading ADB invests $12m in Indonesian medical equipment firm OneMed
Chinese smart glasses maker Rokid snaps almost $53m in four days
Augmented reality (AR) glasses maker Rokid has notched a total of 384 million yuan ($52.9 million) within four days from a slew of investors, the firm announced via its WeChat channel, without divulging details of the funding stage. The Temasek-backed firm first announced that it has bagged 125 million yuan ($17.2 million) from Yuhang Financial… Continue reading Chinese smart glasses maker Rokid snaps almost $53m in four days