Kuala Lumpur-headquartered RPG Commerce, a company that builds, launches and scales multi-brand e-commerce businesses globally, has secured an undisclosed amount in Series A round of investment. Lead investors include Vertex Ventures Southeast Asia & India and Joseph Phua, co-founder and Chairman of 17 Live.
Pace Enterprise, a ‘buy now, pay later’ (BNPL) startup owned by Spacemob founder Turochas “T” Fuad, has secured an ‘eight-figure USD’ debt financing round led by Genesis Alternative Ventures. Since launching in January, Pace have registered a 1,300 per cent growth in user base and 200 per cent growth in merchant partners. In addition to this, Pace announced it has inked an exclusive regional partnership with luxury goods and retail specialist Valiram.
This concept of leveraging the power of influential figures to promote an idea or a product predates the modern era. The word “Influencer”, however, only entered the modern vocabulary in the past decade. Today, influencers can be seen as individuals who have the ability to change people’s minds, or affect purchasing decisions because of their authority, knowledge, position, or relationship with their audience.
Coinomo, the company behind the latest cryptocurrency exchange OMO which is focused on Southeast Asia, has secured an undisclosed amount in a new round of financing led by Vertex Ventures Southeast Asia & India.
Flipkart Group’s’ wholesale entity in India and leading omnichannel enablement platform Ace Turtle have announced that a JV set up by them has secured licensing rights for Toys“R”Us (TRU) and Babies“R”Us (BRU) in India through a strategic arrangement with WHP Global, the controlling shareholder of Toys“R”Us. With this arrangement, Toys“R”Us and Babies“R”Us products will now be available to consumers online through sellers in India.
Nium, a Singapore-based fintech startup backed by state-owned investor Temasek Holdings Pte, agreed to buy payments firm Ixaris for an undisclosed amount to expand in Europe before pursuing an initial public offering in the U.S.