Thailand’s excise department is currently collaborating with Krungthai Bank (KTB) to establish a blockchain-based tax refund system that will streamline the entire process while helping the department to combat value-added tax (VAT) evasion, which is currently difficult to monitor and prevent due to the legacy paper-based documentation system. The tax…Continue Reading
Pan-asian payments services startup 2C2P recently announced that they have successfully raised US$52 million from the World Bank Group’s International Finance Corporation (IFC), early stage venture capital firm Arbor Ventures and under-invested emerging digital markets-focused venture capital firm Cento Ventures. The newly acquired funds brings the total amount of investment…Continue Reading
According to a recent announcement by Building Cities Beyond (BCB) Blockchain, a Singapore-headquartered blockchain technology company that claims to be the leading blockchain protocol provider for the development of smart cities solutions, the firm has signed a memorandum of agreement (MOA) with the Philippine Council for Industry, Energy and Emerging…Continue Reading
At the recently-held Singapore Fintech Festival 2019, Tezos Southeast Asia (TSA) made the announcement that they had combined forces with Tribe Accelerator, Singapore’s first government-backed blockchain accelerator, to launch the first ever official Tezos blockchain training program in Southeast Asia to train and support blockchain developers creating applications and solutions…Continue Reading
Singapore-headquartered healthtech company Lucence announced on Wednesday that it had successfully secured US$20 million in a IHH Healthcare-led funding round. Besides IHH Healthcare – Asia’s largest private healthcare provider with a focus on upmarket health services – other participants of the startup’s Series A funding round include Singapore government-owned investment…Continue Reading
Vietnam-based e-commerce startup Sendo successfully closed a US$61 million Series C funding round which was just held recently, it announced. Participants of the aspiring unicorn’s Series C funding round, which raised the most amount of funds for the startup thus far, include such dignitaries as Softbank Venture Asia, SBI Group,…Continue Reading
Coda Payments, a Singapore-based fintech startup, recently announced that it had successfully closed an Apis Partners-led funding round of US$20 million on Tuesday. As well, Toivo Annus – an angel investor that has backed Coda Payments – and Apis Partners, a financial services-focused private equity asset management company based in…Continue Reading
Tribe Accelerator, Singapore’s first blockchain accelerator to receive government support and backing, recently formed a partnership with IOV Labs – formerly known as RIF Labs – an Argentina-based technology company that developed RSK, the world’s first bitcoin secured smart contract platform, and its complementary peer-to-peer solutions platform RSK Infrastructure Framework…Continue Reading
SBI Ripple Asia recently announced that they had formed a partnership with SBI Remit along with Vietnamese bank Tien Phong Commercial Joint Stock Bank to launch a blockchain-powered remittance service between the countries of Vietnam and Japan. The money transfer service will be the first such venture between both countries…Continue Reading
Jakarta-based technology company Tokopedia is targeting to get its newly launched Islamic marketplace Tokopedia Salam to generate at least ten percent of its total transactions, according to its chief executive officer Garri Juanda. The tech unicorn, which was founded in 2009 by William Tanuwijaya and Leontinus Alpha Edison and is…Continue Reading