Newsletter | September 2022

30 September 2022

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SEPTEMBER 2022

HEADLINES

WeLab Expands to Southeast Asia via US$510 Million Acquisition of Indonesia’s Bank Jasa Jakarta

Hong Kong-based digital lender WeLab moves into Southeast Asia to tap Indonesia’s burgeoning population of tech-savvy young individuals and small companies.

Allianz Malaysia Backs Gobi Partners’ Malaysia-focused SuperSeed II Fund

“Allianz Malaysia is one of the very few corporates that has been at the forefront in driving digital innovation in Malaysia, and as one of the earliest regional VCs to set up shop in Malaysia. Gobi is very proud to have them on board as one of our key LPs.”– Thomas G. Tsao

Southeast Asian Career Platform Glints Bags US$50 Million in Series D Round

The startup will use the new capital to expand its talent supply base into the Philippines, its employer demand base globally, and its product and technology teams.

Malaysia’s Aerodyne Secures US$30 Million Strategic Investment Bridging Round Led by Petronas

The funds will be used to support Aerodyne’s further expansion into European, African, Latin American and South Asian territories, as well as strategic investment to further deepen Aerodyne’s technology edge and launch its entry into the advanced air mobility space.

Philippines’ CloudEats Closes Fresh US$7 Million Funding Round for Southeast Asia Expansion

On the back of its successful launch in Vietnam earlier this year, the startup plans to penetrate farther into Southeast Asian countries such as Thailand, Malaysia and Indonesia in 2023.

LinkedIn Top Startups 2022: 10 Philippine Companies on the Rise

Three of Gobi’s companies – Tier One Entertainment, Kumu and Edukasyon.ph have been listed as the top 10 emerging companies everyone should be paying attention to.

Fasset Partners With Prime Minister’s Youth Programme, JazzCash to Educate a Million Youths

The partnership targets to improve financial literacy in Pakistan by reaching out to millions of youth and educate on blockchain-based technologies, Web3 and Crypto.

Pakistan’s First Financial Wellness Platform Abhi Selected Into Abu Dhabi’s Tech Ecosystem Hub71

For the next two years, the new cohort will participate in Hub71’s Incentive Program, benefiting from equity-free incentives worth up to Dh500,000 and access to enabling programs and an ecosystem of active investors, corporate, government, and academia partners.

INDUSTRY FOCUS

Malaysia Has Much to Gain From China’s Greater Bay Area

Malaysia’s positioning within ASEAN, the Belt and Road Initiative (BRI), and the diversity of its people are attractive to Greater Bay Area investors as well as those from Silicon Valley in America. Malaysia stands to gain a lot of investment money as long as it remains neutral and steadfast to its green-friendly vision,”
– Thomas G. Tsao

Pakistan PropTech Startup Scene a Standout Among Emerging Markets

A huge, young and growing population’s need for housing and other real estate services is driving the PropTech innovation in Pakistan.

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