Author: Digital News Asia

Atome Financial secures US$100 debt facility from  EvolutionX to drive profitable expansion in Southeast Asia
Atome Financial has secured a three-year term loan facility from EvolutionX Debt Capital and is concurrently working with others investors to fully utilize the accordion feature of the facility, which can increase the total amount to up to US$100 million.
MyStartup Nxt Penang returns, elevates startup scene in North for the second year 
MyStartup, in collaboration with Digital Penang, continues its second NXT journey for the year in Penang.
OSK-SBI Venture Partners launch second fund with US$20mil first close
Debut investment into Allrites, a global film, TV, and sports content marketplace US$40mil fund target with seven year operation period targeting SEA startups
KWAP and Universiti Malaysia Kelantan ink MoU to drive AI adoption
Explore research grants for developing localised large language models KWAP’s commitment to accelerate digital transformation in serving stakeholders
Gentari partners with Virta to grow EV charging market in Southeast Asia 
Gentari  is collaborating with Virta as a platform partner to expand the EV charging network across Southeast Asia. 
Sunway partners European Union to advance sustainability initiatives
Sunway Group and the Delegation of the European Union to Malaysia have formed a strategic partnership aimed at advancing joint sustainability initiatives.
Pomen introduces Engarage transforming workshop management with advanced SaaS solutions
Pomen launched Engarage to help automotive workshops and service centres build lasting customer relationships.
Malaysia headquartered Paywatch secures US$30mil funding in largest raise for Earned Wage Access startup in SEA
Funds to enhance employee wellness solutions and expansion across SEA Lead investor Third Prime invests in financial and industrial tech businesses
Axrail opens Gen AI lab in Malaysia in collaboration with AWS, Phison
Axrail, an Amazon Web Services Advanced Tier Services Partner in Malaysia, has opened the first Generative AI Lab in Malaysia and Southeast Asia.
Journey Alerts, Asia Mobiliti partner to open up access to public transport for millions in low, mid-income countries
Announcement during Asia Mobiliti’s participation in Start-up Village at MOVE London '24 Successful Malaysia project sees deployment to meet transport challenges in other countries
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