Funding Wins: Paywatch secures $30 million, Ai Palette gains extra financing, Blibli operator buys home decor startup Dekoruma, and other acquisitions
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Singapore-based Ai Palette secures USD 1.45 million in Series A1 funding from InnoVen Capital. The tech startup's advanced AI platform helps consumer goods companies track real-time trends, predict market changes, and quickly adapt.
Okapi Technologies, a fintech startup focused on the solar financing space, has launched in Malaysia, focusing on the residential solar vertical. The company has recently closed its funding round but the specifics of the investment are yet to be disclosed.
Paywatch, a debt-free earned wage access (EWA) solution provider, secured an additional USD 16 million in credit facilities from global banks, including Citi. The company, which has partners such as Lotus, Jaya Grocer, and QSR Brands, aims to decrease employees' dependence on loans, alleviate household debt, and enhance financial management. Paywatch received over USD 14 million in Series A funding, co-led by Third Prime and US investors.
Metis Pharmaceuticals, a biotechnology company in China, raised USD 100 million in a Series C funding round. The exact details of the investment are not available.
Zepto, an Indian quick commerce platform, raised USD 665 million in an investment round, increasing its valuation to USD 3.6 billion.
PT Global Digital Niaga acquired a 99.83% stake in the home decor startup Dekoruma for IDR 1.16 trillion.
TalentSec, a Shanghai-based cybersecurity firm, raised tens of millions of RMB in a Series A funding round. The exact amount of the investment remains undisclosed.
Virtual IT Group (VITG), an Australian IT services provider, signed a definitive agreement for an undisclosed investment from The Riverside Company.
Homa2u, a Malaysian platform for overstocked renovation and interior design materials, secured an additional USD 625,000 in its pre-Series A funding round.
Robo Co-op, a social enterprise focused on empowering refugees through digital learning, received a USD 700,000 investment.
Tengyu Technology, a real-time interactive cloud service provider in China, raised an undisclosed amount in a Series B funding round.
Paywatch secured USD 30 million in funding, a mix of equity and credit facilities, for growth. The specific banks supporting the financing of USD 16 million are yet to be revealed.
Lastly, Okapi Technologies launched in Malaysia, focusing on the residential solar vertical, marking another significant step in the country's renewable energy sector. The company's exact funding details are yet to be disclosed.
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