Here’s what you might have missed in Southeast Asian tech

Nick Nash, Sea’s group president, speaking at Tech in Asia Singapore 2015. Photo credit: Tech in Asia.

Last week’s most important tech story from Southeast Asia broke over the weekend: Sea filed for an IPO on the New York stock exchange, aiming to raise US$1 billion.

It’s rare for startups from the region to go public, and even rarer that they do so in the US. The tech world is collectively holding its breath to see how this plays out for Sea – the Singapore-based ecommerce and gaming company formerly known as Garena. It was last valued at US$3.75 billion.

In other news….

Singapore

Darius Cheung of 99.co. Photo credit: 99.co.

Cryptocurrency startup Luno raises US$9 million. London-based Balderton Capital led this series B round, and the Singapore startup is also launching in 35 European countries. (Tech in Asia)

MyDoc gets US$5.2 million in funding. Healthcare is seeing some big investments this year, with enterprise healthcare solutions like MyDoc the latest Singaporean startup in this space to nab funding. (Tech in Asia)

PropertyGuru is suing 99.co. PropertyGuru claims its fellow Singapore property portal 99.co breached an agreement, violated copyright, and induced property agents on PropertyGuru to breach the latter’s terms of use. 99.co contests all accusations, and the case is ongoing. (Tech in Asia)

Indonesia

East Venture’s Willson Cuaca. Photo credit: East Ventures.

East Ventures closes new US$30 million early-stage fund. One of the region’s most prolific investors, East Ventures, has set itself up with new ammunition. Good news for Indonesian startup founders: Most of the money is meant to be invested in the archipelago. (Tech in Asia)

Former Line Indonesia country director Ongki Kurniawan joins Grab as head of GrabPay in Indonesia. He’ll be responsible for managing the quick integration of Grab and Kudo – the online-to-offline firm Grab acquired a few months ago – as well as expanding Grab’s merchant network. (Indotelko)

Malaysia

Kuala Lumpur. Photo credit: Sean Pavone / 123RF.

CapitalBay raises its seed round to bring supply chain finance to Malaysia. It’s a marketplace where small and medium business can get cash upfront for approved, but yet to be paid invoices. It can help businesses in times when they need more cash than normal, or in case a client pays late. (Tech in Asia)

This post Here’s what you might have missed in Southeast Asian tech appeared first on Tech in Asia.

from Tech in Asia https://www.techinasia.com/southeast-asia-tech-news-2017-09-25
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