Indonesia-focused Intudo Ventures raises new $50M fund

Indonesia-focused Intudo Ventures raises new $50M fund

Intudo Ventures, a VC firm focused on Indonesia, has closed a new $50 million fund. This is Intudo’s second fund to date following its $20 million debut last year. The firm is a relative newcomer to Southeast Asia but a key differentiator is that it is solely focused on Indonesia, which is the world’s fourth most populated country Read more about Indonesia-focused Intudo Ventures raises new $50M fund[…]

Fitbit’s newest fitness tracker is just for employees and health insurance members

Fitbit’s newest fitness tracker is just for employees and health insurance members

Fitbit has a new fitness tracker, but it’s one that you can’t buy in stores. The company quietly uncorked the Inspire on Friday, releasing its first product that is available only to corporate employees and health insurance members. The idea is to offer a fully subsidized wearable that helps the company dig deeper into the Read more about Fitbit’s newest fitness tracker is just for employees and health insurance members[…]

Opera adds a free VPN to its Android browser app

Opera adds a free VPN to its Android browser app

Opera became the first browser-maker to bundle a VPN with its service, and now that effort is expanding to mobile. The company announced today that its Android browser app will begin offering a free VPN. The feature will be rolled out to beta users on a gradual basis. The VPN is free and unlimited, and it Read more about Opera adds a free VPN to its Android browser app[…]

Thailand issues its first licenses to 4 crypto exchanges

Thailand issues its first licenses to 4 crypto exchanges

Thailand has joined Japan in regulating crypto exchanges after it issued its first licenses to four applicants. The four that were approved as licensed brokers and dealers of cryptocurrencies in the country are Bx, Bitkub, Coins and Satang Pro. One other exchange — Coin Asset — is under extended review after replacing its management team in a Read more about Thailand issues its first licenses to 4 crypto exchanges[…]

Huawei reportedly punishes staff for New Year’s Eve tweet sent from an iPhone

Huawei reportedly punishes staff for New Year’s Eve tweet sent from an iPhone

As predicted, Twitter’s subtle new feature showing which clients tweets are sent from is already embarrassing brands. Following on from a Korean boyband sponsored by LG and Apple’s own Music staff, Huawei is the latest to be embarrassed after it sent a New Year’s Eve message using an iPhone. A since-deleted message included the embarrassing tell-tale Read more about Huawei reportedly punishes staff for New Year’s Eve tweet sent from an iPhone[…]

Slack says it will comply with sanctions and block Iran-based activity, apologizes for botched first effort

Slack says it will comply with sanctions and block Iran-based activity, apologizes for botched first effort

Slack has apologized after it shut down the accounts of users who have visited Iran following a poorly executed effort at complying with U.S. sanctions against the country. The company, which has eight million users of its productivity tool, has scrapped that first go at the policy. But it did confirm it will now block Read more about Slack says it will comply with sanctions and block Iran-based activity, apologizes for botched first effort[…]

Netflix rival Iflix offloads its Africa business to focus on Asia

Netflix rival Iflix offloads its Africa business to focus on Asia

Iflix, the emerging market Netflix competitor that’s backed by Sky, is leaving Africa to double down on its business in Asia. The Malaysia-based company announced today it has sold the remaining shares in its Africa business — Kwesé Iflix — to Econet Group, the telecom firm that is already an investor in the business. The deal size Read more about Netflix rival Iflix offloads its Africa business to focus on Asia[…]

African fintech startup Jumo raises $12.5M more to fund Asia expansion

African fintech startup Jumo raises $12.5M more to fund Asia expansion

Months after a big round, African fintech startup Jumo has pulled in a fresh $12.5 million to add more fuel for its expansion into Asia Pacific. The new investment comes from London-based investment fund Odey Asset Management, and it is an extension to a $52 million round that closed back in September. The deal takes Jumo, Read more about African fintech startup Jumo raises $12.5M more to fund Asia expansion[…]

TNB Aura closes $22.7M fund to bring PE-style investing to Southeast Asia’s startups

TNB Aura closes $22.7M fund to bring PE-style investing to Southeast Asia’s startups

TNB Aura, a recent arrival to Southeast Asia’s VC scene, announced today that it has closed a maiden fund at SG$31.1million, or around US$22.65 million, to bring a more private equity-like approach to investing in startups in the region. The fund was launched in 2016 and it is a joint effort between Australia-based venture fund Aura Read more about TNB Aura closes $22.7M fund to bring PE-style investing to Southeast Asia’s startups[…]

Payment service Toss becomes Korea’s newest unicorn after raising $80M

Payment service Toss becomes Korea’s newest unicorn after raising $80M

South Korea has got its third unicorn startup after Viva Republica, the company beyond popular payment app Toss, announced it has raised an $80 million round at a valuation of $1.2 billion. This new round is led by U.S. firms Kleiner Perkins and Ribbit Capital, both of which cut their first checks for Korea with this Read more about Payment service Toss becomes Korea’s newest unicorn after raising $80M[…]