Singapore's Quest Ventures leads $7m Series A round in Moovaz

This is understood to be Kazakhstan SWF unit QazTech Ventures's first LP investment in Southeast Asia.

The firm is on track to hit the first close of its $50 million early-stage Southeast Asian fund this month.

This funding round will support hoolah's expansion into Malaysia plan which was announced last month.

The company says it looks to serve the world’s ‘digital nomads’ or people that work remotely but who require high level of mobility.