Myanmar Digest: Yoma loan for Kargo; AsiaCarGroup sets up local platform

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Kargo has secured a $130,000 loan from Yoma Bank while Australia’s AsiaCarGroup has activated a Myanmar platform for trading of cars.

Facebook said to mull investment in Indian content startups

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The social media giant is learnt to be in early-stage talks with several content startups, including PopXo, for potential investments.


Venture-backed plant protein startups tap China’s hungry market

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Backed by some of the world’s top billionaires including Hong Kong businessman Li Ka-shing, philanthropist Bill Gates and actor Leonardo DiCaprio, plant protein firms are expanding into China for the first time this year.


Myanmar-focused startup SolarHome raises $1m from SG-based Trirec

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The follow-on financing by Trirec forms the first tranche of SolarHome’s Series A fundraise that it intends to close within the next quarter. 


Myanmar marketplace rgo47 parent snags funding from Daiwa PI Partners

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The investment, which closed on March 14, is the fifth private equity deal in Myanmar for Daiwa PI Partners.


Singapore Digest: SC Ventures launches Fintech Bridge; MoolahGo raises funds

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Singapore-based P2P marketplace MoolahGo has raised an undisclosed amount from Eric Barbier, founder and former CEO of TransferTo.


Singapore knowledge sharing startup Tigerhall bags $1.8m seed funding

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It raised the funding from US-based strategic learning firm WDHB Inc, Paladigm Capital and a senior banking executive in Singapore.


Cleric-led Indonesian fintech firm says no to VC money as it takes on big boys

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Paytren, a mobile wallet and bill payment app founded by popular Islamic cleric Yusuf Mansur, says it has had no external funding since it started back in 2013.


LINE allocates $20m for Thai startup investments

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The ScaleUp programme will provide startups access to LINE’s 44 million users in Thailand and one year of free access to its messaging application programming interface.


PH insurtech startup Saphron raises $1m in seed funding

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The startup has raised funding from fintech-focused venture capital firm Sage and venture lab Talino Labs.