Resolution Ventures News Today

Singapore-based VC firm Resolution Ventures is understood to have set a target of up to $50 million for its second fund.

Regional VC firms felt the squeeze as they closed 25 funds last year, a drop of over 32% from 2022's historical high of 37 closes.

New regulations are around the corner for the fintech sector, after the first half of the year saw a substantial reduction in funding by 67 per cent compared to the same period last year.

A drought in global venture capital activity has not deterred startups across Asia from breaking new ground. This year’s Forbes Asia 100 to Watch list spotlights small companies and startups across the region that are targeting underserved markets or applying new technologies.

Amid declining venture capital funding in Southeast Asia this year, experts nevertheless remain optimistic about Vietnam’s startup potential to rebound.

GIMO, a Vietnam-based startup providing flexible pay and financial well-being solutions for underbanked workers, announces the completion of Series A funding round with total capital raise of up to US$17.1 million.

Vietnam-based earned wage access startup GIMO announced that it has closed its US$17.1 million Series A funding round.

The round was led by TNB Aura, with participation from existing backers Integra Partners, Resolution Ventures, and others.

GIMO, a prominent Vietnam-based fintech specialising in providing flexible pay and financial wellbeing solutions for under-banked workers, has just announced the successful completion of its Series A funding round, securing a substantial capital raise of up to $17.1 million.

This edition features Lazada receiving $845m from parent Alibaba and Grab's capital infusion into GXS Bank.