Daily Brief Private Markets: Carsharing Startup GetGo Bags US$15M to Bring 10K Greener Vehicles into SG by 2030 and more

In today’s briefing:

Carsharing Startup GetGo Bags US$15M to Bring 10K Greener Vehicles into SG by 2030
Chinese Fintech Firm IceKredit Gears up for SEA Expansion
Malaysian Affiliate Marketing Firm Involve Asia Raises over US$10M for SEA Expansion

Carsharing Startup GetGo Bags US$15M to Bring 10K Greener Vehicles into SG by 2030

Singapore-based carsharing platform GetGo Technologies has secured an SGD20 million (US$15 million) investment from Treïs, a family-backed investment group.
This will enable GetGo to accelerate the growth of its electric fleet with a target of 10,000 greener vehicles by 2030 and to strengthen its technology and operational platform.
GetGo cars are typically used to take children and the elderly to activities, to go out with family and friends, or to transport bulky items.

IceKredit, a Chinese AI-focused credit risk and management company, plans to export its AI-powered products and solutions to financial institutions in Southeast Asia.
Founded in 2015, IceKredit helps lenders to establish an automated end-to-end digital lending process – from application pre-screening to collections – by providing risk mitigation products and services.
In the past two years, the firm has raised over US$58 million in series C funding, a large part of which will be used for its Southeast Asian expansion, the company says.

Malaysia-based affiliate marketing platform Involve Asia has raised over US$10 million.
Bintang Capital Partners, the PE arm of Affin Hwang Asset Management Berhad, led the round. 500 Global, Orbit Capital Malaysia, and Monumental Productions also participated.
Involve will use the new funds to acquire complementary tech companies and invest in enhancing its platform and team across the region.

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