Karachi-based fintech startup Safepay has received pilot approval from the State Bank of Pakistan (SBP), bringing it a step closer to bagging a licence to operate as a full payment service provider (PSP). The startup has also raised fresh capital and launched a Visa-backed payment gateway, Cybersource, it said in a statement. Go to Source
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China Digest: Sequoia China debuts accelerator YUÈ; Eat Just raises $25m to scale in China
Sequoia Capital China has launched a new accelerator programme to cultivate early-stage startups and entrepreneurs. Separately, US foodtech startup Eat Just has raised $25 million from Alibaba-backed C2 Capital Partners. Sequoia China debuts YUÈ to foster angel, Series A startups Tech investment heavyweight Sequoia Capital China has introduced a new accelerator programme to nurture China’s… Continue reading China Digest: Sequoia China debuts accelerator YUÈ; Eat Just raises $25m to scale in China
India’s Exponent Energy may have found the secret to 15 min rapid EV charging
Bangalore-based Exponent Energy might have come up with a way to deliver 15-minute rapid charging for electric vehicles. The startup, which just raised a $13 million Series A, relies on a combination of its proprietary battery pack and charging infrastructure to achieve such a feat. Exponent Energy’s business model is geared towards OEMs building commercial… Continue reading India’s Exponent Energy may have found the secret to 15 min rapid EV charging
New report details sexual harassment and gender discrimination at Nintendo of America
Nintendo is famous for having a family—friendly image and game that people of all ages can enjoy. But a report by Kotaku paints the picture of a company that’s not so different from other gaming giants that had previously been accused of fostering a “frat boy” workplace culture. The publication talked to several female game… Continue reading New report details sexual harassment and gender discrimination at Nintendo of America
Chinese ceramic chip capacitor maker Viiyong bags $295mViiyong is backed by Chinese smartphone brands Xiaomi and Oppo.
Viiyong, a Chinese manufacturer of multi-layer ceramic chip capacitors (MLCCs), has secured almost 2 billion yuan ($294.8 million) in its Series B, and B+ rounds of financing to advance R&D and expand production capacity. Viiyong, whose shareholders include Chinese smartphone brands Xiaomi and Oppo, plans to further invest in production facilities for its newly-built plants… Continue reading Chinese ceramic chip capacitor maker Viiyong bags $295mViiyong is backed by Chinese smartphone brands Xiaomi and Oppo.
Alternative investment firm PAG may delay $2b Hong Kong IPO: Report
Asia-focused investment manager PAG might delay its $2-billion Hong Kong IPO until next year, according to a Bloomberg report. While the plan to list is still on, the report said the setback was due to the stock market volatility that could send prices down and lead to gloomy trading. Bloomberg, citing sources, said the IPO… Continue reading Alternative investment firm PAG may delay $2b Hong Kong IPO: Report
Citi appoints Aveline San as chief executive of Hong Kong, Macau businesses
Citigroup said on Wednesday it has appointed Aveline San as the chief executive of its Hong Kong and Macau businesses. San, who has 25 years experience in banking, replaces Angel Ng, who was appointed Asia head of Citi Global Wealth in April. In a statement, Citi said San joined the bank in 2019 as the regional compliance officer for Asia Pacific and had previously spent 14 years with UBS. San will report to Citi‘s head of… Continue reading Citi appoints Aveline San as chief executive of Hong Kong, Macau businesses
SG-headquartered e-commerce startup Graas snags $40m in Series A
Singapore-headquartered e-commerce startup Graas has raised over $40 million in a Series A funding round led by Kejora-backed special purpose vehicle Galaxy, Performa, Integra Partners, Yuj Ventures and AJ Capital, according to media reports on Tuesday. The round also saw participation from some of Southeast Asia and India’s “best know angel investors and industry leaders,”… Continue reading SG-headquartered e-commerce startup Graas snags $40m in Series A
EV charging startup Exponent Energy raises $13m round led by Lightspeed IndiaThe deal marks Lightspeed’s first investment in the EV space in India.
Exponent Energy, a startup developing fast-charging batteries for electric vehicles, has raised $13 million in a Series A funding round led by Lightspeed India. The deal marks Lightspeed’s first investment in the EV space in India. Other existing investors such as YourNest VC, 3one4 Capital & AdvantEdge VC also participated in the funding round, which… Continue reading EV charging startup Exponent Energy raises $13m round led by Lightspeed IndiaThe deal marks Lightspeed’s first investment in the EV space in India.
BlackRock Real Assets to buy out Australian battery developer Akaysha Energy
BlackRock Real Assets, the realty investment arm of global asset manager Blackrock, has agreed to buy out Melbourne-based battery storage and renewable energy development Akaysha Energy for an undisclosed amount. As part of the proposed acquisition, BlackRock Climate Infrastructure, a fund managed by BlackRock Real Assets, will inject over A$1 billion ($700 million) into Akaysha’s… Continue reading BlackRock Real Assets to buy out Australian battery developer Akaysha Energy