Ka Kay Lum

Correspondent, Malaysia
Email: kakay@dealstreetasia.com

Malaysian pilgrim fund Tabung Haji announces key departures

Tabung Haji is a state-owned fund formed to manage Muslim pilgrimages. It has a total of $18.05 billion funds under its management.

Asia Digest: Selangor Dredging, Kimly, Allied Technologies in M&A

Catalist-listed coffee shop operator Kimly has acquired Asian Story Corporation for $11.7 million to complement its business.

People Digest: Ex-banker heads GrabPay Singapore; 8IH appoints advisor

Ride-hailing major Grab’s financial services arm GrabPay has named former OCBC head of strategic partnerships of group lifestyle financing, Gary Wong, to head its Singapore operations.

Binance Labs, NEO co-lead investment platform Republic’s $12m financing

The round was joined by East Chain Co, Oyster Ventures, FBG Capital, Hazoor Capital, ZK Capital, ZhenFund, and others.

Dymon Asia Ventures backs fintech startup Neat’s $2m funding round

Neat is a mobile current account that claims to offer an alternative to the traditional banking model.

China: Legend Capital leads inventory distribution startup Aikucun’s $87m Series B

The fresh capital raised will be used for team expansion, research and development, as well as expanding its services.

Australia’s Airwallex raises $80m Series B from Tencent, Sequoia China, others

The round, which is believed to the second-largest raised by an Australian firm, was joined by Li Ka-shing’s Horizons Ventures, Central Capital Ventura as well as Square Peg Capital.

Singapore: Healthcare startup Doctor Anywhere snags $4.1m Series A

The startup will be using the funds to continue developing its products and services to help boost healthcare accessibility in the city-state.

Thai construction tech startup Builk secures funding from SCG arm AddVentures

AddVentures by SCG was set up to invest in startups in industrial, B2B, and enterprise space, to help the conglomerate in adopting innovation

IFM Investors fully deploys $140m infra debt fund, plans sequel this year

IFM Investors and KDB KIAMCO are planning to launch their second global debt fund in partnership with Korean institutional investors in the second half of 2018.