ProCredit secures US$4.1 million in pre-seed funding to propel tech-enabled SME lending bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
In times of an economic downturn, businesses face numerous challenges and uncertainties that can significantly impact their ability to engage in successful deals and transactions. Deal activity often declines as businesses become more risk-averse and conservative in their investment decisions. But even in a downturn, a bright spark or a partnership emerges, setting an example for the entire landscape to follow suit. In this uncertain period, one deal, in particular, which stands out is that struck by Sirius Technologies, a Singapore-based enterprise architecture tech startup.
Statistics from GlobalData and Ansarada both point to slowed deal activity within the region, but emerging technologies such as artificial intelligence (AI) may present opportunities.
HANOI (Vietnam News/Asia News Network): GIMO, Vietnam's fintech startup offering on-demand pay for blue-collar workers, announced on Tuesday (Nov 23) it has successfully raised US$1.9 million in a post-seed round of funding.