Research from e27, e27

Research from e27

e27 is Asia's largest Tech media platform. We cover the latest news on emerging and disruptive businesses across the region.

Private Capital Markets

Turing Space is a global identity passport on blockchain that helps authorities certify credentials for counterfeiting and sustainability.

<ul><li>Turing Space, a Taiwan-based trust-tech company, has raised over US$3 million in a strategic funding round led by Profederal, a corporate counselling platform.</li><li>The company plans to use the capital to accelerate research and development of its digital identity infrastructure and expand its operations in Taiwan, Europe, and Japan, where it aims to develop more cross-border verification solutions.</li><li>A portion of the funds will also be used to hire new talent and enhance user experience in Taiwan.</li></ul>

Turing Space, a Taiwan-based trust-tech company, has raised over US$3 million in a strategic funding round led by Profederal, a corporate counselling platform.The company plans to use the capital to accelerate research and development of its digital identity infrastructure and expand its operations in Taiwan, Europe, and Japan, where it aims to develop more cross-border verification solutions.A portion of the funds will also be used to hire new talent and enhance user experience in Taiwan.

Turing Space nets US$3M to expand digital identity solutions globally | e27

BuzzAR is a software company pioneering interactive AI. Their AI Concierge product suite allows machines to communicate with humans through AI Avatars.

<ul><li>Singapore-based mixed reality and AI company BuzzAR has secured US$1.16 million in funding from the HSBC New Economy Fund.</li><li>The firm is using the money raised to expand its presence in the Middle East and North Africa (MENA) region, particularly Saudi Arabia, where it has partnered with the tourism department.</li><li>Founded in 2018 by Bell Beh and Ken Lim, BuzzAR specialises in experiential engagements that bridge the gap between offline and online spaces for its clients.</li></ul>

Singapore-based mixed reality and AI company BuzzAR has secured US$1.16 million in funding from the HSBC New Economy Fund.The firm is using the money raised to expand its presence in the Middle East and North Africa (MENA) region, particularly Saudi Arabia, where it has partnered with the tourism department.Founded in 2018 by Bell Beh and Ken Lim, BuzzAR specialises in experiential engagements that bridge the gap between offline and online spaces for its clients.

BuzzAR lands US$1.16M in funding to boost Saudi tourism with AI-driven travel companion | e27

FINFRA provides the necessary infrastructure and services for technology companies to embed financial services into their environment.

<ul><li>Indonesia-based lending infrastructure firm Finfra has received US$2.5 million in a funding round led by Cento Ventures.</li><li>Accion Venture Lab, Z Venture Capital, Matiss Ansviesulis (founder of Avafin), and existing investors also participated.</li><li>The company will use the new funds to expand onboarding capabilities for customers and target profitability. Additionally, Finfra plans to enhance its data analytics, scoring, and risk assessment products.</li></ul>

Indonesia-based lending infrastructure firm Finfra has received US$2.5 million in a funding round led by Cento Ventures.Accion Venture Lab, Z Venture Capital, Matiss Ansviesulis (founder of Avafin), and existing investors also participated.The company will use the new funds to expand onboarding capabilities for customers and target profitability. Additionally, Finfra plans to enhance its data analytics, scoring, and risk assessment products.

Finfra Secures US$2.5M to Power Indonesia’s Lending Ecosystem in New Partnership with Tyme Group|E27

Equity Capital Markets

SDAX is an investment and trading platform providing international access to private markets and alternative investments.

<ul><li>Singapore-headquartered digital asset exchange SDAX has closed its US$50 million Series B2 funding round led by Oman-based Muscat Precious Metals Refining Company.</li><li>This follows a US$18 million Series B round in 2021 led by PSA International, Straits Trading Company, and New Horizon Global.</li><li>The new funds will be used for client acquisition and adding new business lines, such as wealth and fund management.</li></ul>

Singapore-headquartered digital asset exchange SDAX has closed its US$50 million Series B2 funding round led by Oman-based Muscat Precious Metals Refining Company.This follows a US$18 million Series B round in 2021 led by PSA International, Straits Trading Company, and New Horizon Global.The new funds will be used for client acquisition and adding new business lines, such as wealth and fund management.

Oman firm leads US$50M financing round of Singapore’s digital asset exchange SDAX | e27

Ouch! started in 2018 with the purpose of reinventing the way takaful / insurance is approached in Malaysia. 
We innovate aspects of takaful/ insurance from product discovery, purchasing all the way to policy management and claims with a customer-centric approach.

<ul><li>Ouch!, a Malaysia-based next-gen, tech-enabled insurance platform, has raised RM5 million (US$1.2 million) in strategic funding from PPB Ventures.</li><li>The startup will invest the money to expand its market share, enhance technology infrastructure, and drive product innovation.</li><li>Separately, Ouch! has received an additional one-year extension to operate under Bank Negara Malaysia’s (BNM) Regulatory Sandbox. It is now working to secure a DITO licence from BNM, which would enable it to close critical protection gaps for Malaysians, especially young families.</li></ul>

Ouch!, a Malaysia-based next-gen, tech-enabled insurance platform, has raised RM5 million (US$1.2 million) in strategic funding from PPB Ventures.The startup will invest the money to expand its market share, enhance technology infrastructure, and drive product innovation.Separately, Ouch! has received an additional one-year extension to operate under Bank Negara Malaysia’s (BNM) Regulatory Sandbox. It is now working to secure a DITO licence from BNM, which would enable it to close critical protection gaps for Malaysians, especially young families.

Ouch! nets US$1.2M to expand market share, drive insurance innovation | e27