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News until Oct 27, 2021

Google has reduced PlayStore in-app purchasing fees from 30% to 15% for subscriptions

Developers will now only need to pay 15% to Google from day one.

Carl AdrianOct 25, 2021

Stripe is worth over $95 billion; will buy Indian Fintech company Recko.

Stripe wants to integrate all financial services under one umbrella.

Alfred LeeOct 21, 2021

Shopee wants to be everywhere in the world; now entering France after Poland and Spain

Shopee is already in Southeast Asia and Latin America, with plans to enter India

Carl AdrianOct 20, 2021

Carousell has just bought over streetwear marketplace Ox Street

Carousell is looking to go public soon too

Alfred LeeOct 18, 2021

Antler VC raises $300 million fund to invest in startups up to Series C stage

Antler's investment capacity has grown significantly.

Alfred LeeOct 14, 2021

ThoughtFull connects people to mental health professionals; raises $1.1 million

Since May 2020, ThoughtFull's number of enterprise clients have grown by over 10x.

Carl AdrianOct 12, 2021

China's largest food delivery company fined $533 million for 'monopolistic behavior'

China's crackdown on big technology companies continues

Alfred LeeOct 11, 2021

Marvelstone Group founder to face 10-year jail term for fraud after losing investors money

Marvelstone previously established Lattice80, a Fintech Hub in Singapore

Carl AdrianOct 07, 2021

Grab now owns 90% of Indonesia's OVO; buys out existing shareholders to gain control

OVO is currently one of the most popular digital wallets in Indonesia, with a 38% market share.

Carl AdrianOct 04, 2021

Beepmix lets sellers set up free .COM stores that pays promoters automatically; just 1.9% gateway fees

Beepmix also helps sellers automate tedious tasks such as taking orders manually, receiving payments, manage local deliveries, making payouts, and more.

Alfred LeeOct 02, 2021

FutureLab has just raised $478,000 to improve online mentorship and learning

FutureLab is also preparing to raise a Series A funding round

Carl AdrianOct 01, 2021

OYO hotel chain has filed for IPO in India; plans to raise over $1 billion

Funds raised by the IPO will be used to pay off existing debt obligations and fund growth

Carl AdrianOct 01, 2021

This Singapore VC has set up a $75 million fund for crypto and blockchain startups

The fund will focus on startup companies in the pre-series A to Series A stages.

Alfred LeeSep 30, 2021

Malaysia's PolicyStreet raises $6 million to be the go-to place to buy insurance online

PolicyStreet previously raised $1.8 million via equity crowdfunding last year

Alfred LeeSep 29, 2021

Binance crypto-exchange takes down apps in Singapore; users to withdraw funds by 26 Oct

Singapore's central bank has instructed Binance to cease operations in the country

Carl AdrianSep 28, 2021

Ninja Van logistics now worth more than $1 billion after raising another $578 million to scale

One of Ninja Van's latest investors include China's Alibaba Group.

Kenneth HoSep 27, 2021

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