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Malaysia s healthtech startup Naluri bags $5m in Series A funding

Malaysia’s healthtech startup Naluri bags $5m in Series A funding Naluri co-founder, CEO Azran Osman Rani June 9, 2021 Malaysia-based digital health service provider Naluri Hidup announced on Wednesday the closing of a $5 million Series A funding round. Besides the cornerstone investor, Singapore’s Integra Partners, other strategic investors who participated in the funding include: Duopharma Biotech Bhd, Pathology Asia (via Biomark), and venture capital firm M Venture Partners, who were part of the company’s preceding round, Naluri said in a statement. Naluri also added new investors to its cap table Sumitomo Corporation Equity Asia, Palm Drive Capital from New York and INP Capital from Vancouver, Canada. The company also gained support from the Hibiscus Fund, a venture capital fund managed by Malaysia’s RHL Ventures and Korea’s KB Investment that are part of the government’s Dana Penjana National Programme.

CGC, StanChart launch RM70mil financial facility for SMEs

CGC president/chief executive officer Datuk Mohd Zamree Mohd Ishak KUALA LUMPUR: Credit Guarantee Corporation Malaysia Bhd (CGC) and Standard Chartered Malaysia have launched a RM70 million financial tranche to provide small and medium enterprises (SMEs) with working capital, bringing the total amount of tranches jointly launched by both parties to RM1.71 billion. Standard Chartered is also the highest contributor among foreign banks in terms of SME financing in Malaysia. In a joint statement, the companies said under a Portfolio Guarantee (PG) agreement, the financing facility is expected to help ease the burdens of SMEs and sustain their business as they recover from the effects of the pandemic.

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