Vynn Capital snags investment from Malaysia’s MAVCAP for its maiden Southeast Asia fund

Vynn Capital, a new entrant to Southeast Asia’s startup ecosystem, is gearing up to close its maiden fund after it landed an undisclosed sum from Malaysia Venture Capital Management Bhd (MAVCAP) as one of its anchor LPs. Founded by former Gobi Ventures VC Victor Chua and Singaporean investor Darren Chua (no relation) one year ago, […]

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PayPal shutters Malaysia office as part of customer service reorg

Payment giant PayPal has closed its office in Malaysia as part of a restructuring of its customer support teams. The office, located in capital city Kuala Lumpur, was home to a team of customer service agents that catered to PayPal users across Asian region and beyond. Now, its responsibility will be assumed by other offices, […]

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Experian leads $10M investment in Southeast Asia fintech startup Jirnexu

Consumer credit giant Experian is continuing to back Asian fintech startups after it led a $10 million investment in Southeast Asia’s Jirnexu . Jirnexu, which is headquartered in Kuala Lumpur, operates financial comparison services in Malaysia and Indonesia. Those services aggregate offerings and deals from banks and financial services companies, effectively acting as a user acquisition […]

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Korea’s Naver backs Southeast Asia-based e-commerce startup iPrice

iPrice, an e-commerce aggregation service in Southeast Asia, has landed a strategic investment from Naver, the Korean internet giant valued at over $21 billion, as part of a follow-on to the startup’s $4 million Series B from May. There’s actually a strong connection around that recent round. It was led by Line Ventures, the investment arm […]

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Jirnexu pulls in $11M for its financial comparison service in Southeast Asia

It’s been a busy week for startup funding in Southeast Asia. Following big deals for Carro and Carousell, financial comparison startup Jirnexu is the latest to announce new capital after it closed an $11 million Series B round. The new investment comes courtesy of Japan’s SBI Group — a returning investor which led the round having co-led […]

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3 hidden gems that show a unique side of Kuala Lumpur

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IN PARTNERSHIP WITH UBER & CANON

Discover your own #hiddencities

An urban jungle surrounded by actual rainforests, Kuala Lumpur is home to incredibly diverse scenery. “When I think of Kuala Lumpur, the unique blend of cultures and lifestyles is what comes to mind,” says Patrick Teow, a travel photographer and influencer based in the Malaysian capital. ” We may not boast the latest cutting-edge technology or the most impressive architecture, but this interplay of colors and traditions — in a tightly-knitted urban setting — is what makes the city feel like home to me.”

Inspired by the dynamic momentum of the destination and its many hidden facets, Uber and Canon have teamed up to spotlight a handful of its unusual locations that not even many locals have seen. After collecting a year’s worth of data and scouting locations all over the city, Uber has identified three photogenic locations with the lowest drop-off requests on the app. Read more…

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Malaysia’s capital will adopt ‘smart city’ platform from Alibaba

 Alibaba’s cloud computing business is to deploy its big data services package for cities in Kuala Lumpur to help Malaysia’s government with the running of its capital city and potentially other parts of the country in the future. “City Brain,” an Alibaba Cloud service that uses big data and artificial intelligence on its cloud computing infrastructure, will be put to… Read More

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