December 4, 2022

Speedoc, SG’s virtual clinic and healthcare startup, snags $28 million
Investors include Bertelsmann, Mars Growth, Vertex Ventures Southeast Asia & India; Speedoc’s services include home visits by doctors and nurses, video consultations, virtual wards and remote health monitoring.

Departures at HK’s Shopline following Joyy-led $183 million acquisition
A LinkedIn search shows that most of the 80 resignations occurred in the first half of this year and that the company’s top executives in Vietnam, Thailand, Malaysia and Singapore had left.

BRI Ventures Reaches Final Closing of Sembrani Fund at Over $25 Million
The CVC also secured the first close of its Sembrano Kiqani fund; It plans to close its newest fund, the $50 million BVI-Fundnel Secondaries Fund, in early 2023.

Kenangan’s founders, AyoConnect, unveil a new fishing network in Indonesia
Kopital Network, which will focus on Indonesia, will target early-stage startups from all sectors, with investments as a group ranging from $100,000 to $1 million per transaction.

Meta wants to cut over 11,000 employees
CEO Mark Zuckerberg said the company has significantly increased spending in anticipation of a “lasting acceleration” in e-commerce growth and the number of people going online; However, this didn’t pan out the way he expected.

Wavemaker Impact achieves first closing of its debut fund
The details are not disclosed; At the time of its launch in October 2021, it said it was raising $25 million for its first fund; The venture builder for climate technology has founded four new companies so far.

Former Venturra executive raises $8 million for new VC firm
Ansible Ventures, an early-stage VC firm that Valerie Van Vu founded in partnership with Alto Partners, will invest in 15 pre-seed and seed-stage startups focused on Vietnam.

Jobs and recruitment platform FastCo raises $7.4 million Series A
Investors include OSK Ventures, Cento Ventures and Kairous Capital; FastCo is the company behind non-executive job portal FastJobs and Singapore-focused recruitment app FastGig for flexi-work.

Grab Digibank boss Reuben Lai to leave the post
Prior to founding GXS, Lai was Head of Financial Services at Grab Financial; joined Grab in 2015 where he served as Chief of Staff in the Office of the Group CEO.

DBS Indonesia lends $6 million to auto finance company Broom
Broom gives car dealers access to short-term credit with their used car inventory as collateral; It will use the debt facility to expand to more cities in Java before the end of the year, attracting 5,000 car dealerships as customers.

Razer Fintech launches carbon neutral e-commerce checkout solution
With this feature, Razer can help e-commerce players estimate the carbon footprint that would result from a particular transaction and provide a traceable carbon offset for that purchase.

WriterZen, a start-up SEO content creation company, raises $1.35 million
The main investor is Wavemaker Partners; WriterZen provides tools to help digital content creators streamline their SEO workflow and produce content efficiently and competitively.

Animal-free dairy startup Phyx44 raises $1.2 million
Investors include Better Bite Ventures, Sandhya Sriram, CEO of Shiok Meats, Ahimsa VC, PeerCapital and Spectrum Impact; Phyx44 has previously made whey and casein proteins that can be used in ice cream, cheese and baked goods.

Filipino circular economy startup Humble Sustainability raises $750,000
Investors include iSeed Ventures, Ula’s Alan Wong and Sagar Achanta, former head of product at Amazon; Humble was founded with a vision to create a community where all items can be put back into circulation.

Binance cancels deal to buy FTX
The crypto exchange major wanted to fully acquire its US-based competitor FTX; However, that deal is now closed according to “latest news reports of mishandled customer funds and alleged US agency investigations.”

Hodlnaut fortune affected by FTX debacle
The Singaporean crypto lender, which is under court protection after halting withdrawals on Aug. 9, could face further losses due to solvency issues at FTX, where it held S$18.1 million in assets as of Oct. 27 be.

Indonesia plans to hire OJK to regulate the crypto market
Using crypto assets as a means of payment is illegal in the country, however transactions for investment are allowed in the commodity market.

Japan’s NTT Docomo launches $4 billion Web3-focused company
The development isn’t NTT Docomo’s first Web3 foray; Earlier this year, the company announced that it had opened a division dedicated to the Metaverse; Qonoq is said to have 200 employees at the end of the day.

Indonesian company Stockbit launches crypto trading app
The company offers crypto trading services through Coinbit Digital Indonesia; The company said users can trade crypto without incurring platform fees for the app.

HashKey secures Hong Kong virtual asset trading license
With the approval of the Securities and Futures Commission of Hong Kong, the company said it was the first company to hold virtual asset licenses to operate in Hong Kong and Japan, as well as a capital markets services license in SG.

Listing via RTO is easier than IPO: MoneySmart CEO
MoneySmart believes that in volatile markets, reverse takeover listings present an excellent opportunity for well-capitalized companies to make strategic acquisitions.

How climate tech startups can make an impact on the green recovery
For climate tech startups, success in growing their business can start with understanding the potential hurdles customers might face in accessing climate-friendly products and services.

Try to see the world through the eyes of a beginner: Joey Alarilla from
Joey Alarilla, Head of Content at, talks about how he champions crypto for developers, blockchain for good and web3 for a better world.

Is traditional currency failing us?
Fiat money loses purchasing power over the years because goods and services become more expensive every year, i.e. inflation; In addition, the supply of fiat currency is not fixed.

Why is East Asia cryptocurrency market growth slowing down?
Despite remaining the largest cryptocurrency market in the region, China saw a 31 percent decline in cryptocurrency transaction volume compared to the same period last year; even neighbors like Japan have more than doubled. transaction volume.

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The Post Ecosystem Roundup: Binance Cancels FTX Deal, Speedoc Grabs $28M, Indonesia Gets New Angel Network, First Appearing on e27.