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GXBank and Grab Malaysia announce eight local startups shortlisted to drive innovation for Malaysia’s fintech ecosystemGXBank and Grab Malaysia have recently announced the inaugural top eight fintech startups shortlisted to be part of the six-month long TeXnovasi Accelerator Program. Supported by Cradle Fund and 1337 Ventures, TeXnovasi aims to empower Malaysia’s fintech startups through mentorship and resources towards building a tech-driven, financially empowered nation, and position Malaysia as a key...0 Comments 0 Shares 8K Views 0 Reviews
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Hong Leong Islamic Bank collaborates with PayNet, GoBarakah on new FinTech ecosystemMalaysian lender Hong Leong Islamic Bank (HLISB) has signed a memorandum of understanding (MOU) with fintech platform GoBarakah, with plans to build a new FinTech ecosystem that channels donations and funds to underserved communities. The partnership, formed under the PayNet Cambah program by Malaysia’s national payments firm Payments Network Malaysia Sdn Bhd (PayNet), underscores the...0 Comments 0 Shares 7K Views 0 Reviews
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MIDA, FMM, Bintang Capital launch fund to strengthen Malaysia’s semiconductor ecosystemThe Malaysian Investment Development Authority (MIDA), the Federation of Malaysian Manufacturing (FMM), and Bintang Capital Partners (Bintang Capital) have teamed up to launch innovative fund to strengthen Malaysia’s semiconductor ecosystem and drive sustainable growth. The trio said in a statement on Monday that they have joined forces through memorandum of understanding (MoU). This...0 Comments 0 Shares 3K Views 0 Reviews
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MYEG partners with MyDigital ID Solutions to set up Malaysia’s blockchain-powered digital identity ecosystemMalaysia-listed digital services company MY E.G. Services Berhad announced a strategic collaboration with MyDigital ID Solutions Sdn Bhd to establish a blockchain-powered national digital identity ecosystem, the MyDigital ID Superapp, marking a major advancement in the battle against online fraud. This partnership between MYEG’s wholly-owned subsidiary MYEG Alternative Payment Services...0 Comments 0 Shares 10K Views 0 Reviews
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OneInfinity by OneDegree partners SlowMist to strengthen security, resilience of Web3 ecosystemOneInfinity by OneDegree, the Hong Kong-based provider of digital asset insurance and risk management solutions, has announced a strategic partnership with SlowMist, the China-based blockchain security firm, to enhance Web3 security and insurance solutions for the digital asset ecosystem. This collaboration marks a significant step forward in strengthening the security and resilience of the...0 Comments 0 Shares 6K Views 0 Reviews
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Tracxn: Southeast Asian FinTech ecosystem funding plunges 66 percent on year in first quarterThe Southeast Asia (SEA) FinTech startup ecosystem witnessed a total of $193 million in funding, which marks a 66 percent drop compared to the $584 million raised in the first quarter of 2024 and a 30 percent decline from the $274 million raised in the fourth quarter of 2024, Tracxn said Thursday. The data intelligence platform said in its Q1 2025 Southeast Asia FinTech Report that the SEA...0 Comments 0 Shares 7K Views 0 Reviews
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VinFast advances ecosystem strategy in Philippines’ EV catch-upWith nearly 19,000 electric vehicles sold in 2024, the Philippines is looking to catch up in Southeast Asia’s electric vehicle (EV) race as ecosystem players like VinFast work to overcome hurdles around charging access, maintenance, and affordability. VinFast said in a statement on Tuesday that emerging Asia’s electric vehicle market reached nearly 400,000 sales in 2024, but the...0 Comments 0 Shares 780 Views 0 Reviews
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Zoho forges strategic partnership with Cradle to empower Malaysia’s startup ecosystemZoho Corporation, an India-based technology company, has announced a strategic partnership with Cradle Fund Sdn Bhd, an early stage start-up influencer, to empower Malaysia’s startup ecosystem. The duo said in a statement on Wednesday that under this collaboration, Zoho will extend its Zoho for Startups program via Cradle’s MYStartup Single Window platform, an integrated hub...0 Comments 0 Shares 5K Views 0 Reviews
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MVP Group’s startup accelerator arm IdeaSpace appoints Alwyn Rosel as new Executive DirectorIdeaSpace, the Philippines-based startup accelerator and early-stage venture investment arm of the MVP Group of Companies, has on Monday announced the appointment of Alwyn Rosel, a startup ecosystem veteran, as the new Executive Director of IdeaSpace and QBO Innovation, succeeding Jay Fajardo. IdeaSpace said in a statement that backed by 13 years of industry experience, Rosel has been with QBO...0 Comments 0 Shares 7K Views 0 Reviews
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