DealStreetAsia

DealStreetAsia Backed by Japan's Nikkei Group, DealStreetAsia is the region’s leading publisher of news on investments, M&A, PE, VC, IPOs and startups.
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Indonesia’s Financial Services Authority (OJK) and the National Police have successfully repatriated Adrian Gunadi, form...
26/09/2025

Indonesia’s Financial Services Authority (OJK) and the National Police have successfully repatriated Adrian Gunadi, former CEO and co-founder of P2P lending platform Investree, from Qatar after a months-long international pursuit, according to a statement on Friday. Gunadi is accused of illegally raising funds totalling $161 million. Read Marsya Nabila's report:

In March 2025, Investree officially entered liquidation.

Thakral Corporation expects to raise up to £8.09 million ($10.9 million) from selling part of its stake in The Beauty Te...
26/09/2025

Thakral Corporation expects to raise up to £8.09 million ($10.9 million) from selling part of its stake in The Beauty Tech Group’s planned London IPO. The UK beauty devices retailer is targeting an October listing at a valuation of £280–320 million. Thakral will trim its holding from 9.55% to about 6.04% post-offering, writes Katrina Bianca Cuaresma.

Singapore-listed Thakral holds a pre-IPO stake of 9.55% in the firm.

Export Development Canada (EDC) has pledged up to $600 million to support investments by the Indonesia Investment Author...
26/09/2025

Export Development Canada (EDC) has pledged up to $600 million to support investments by the Indonesia Investment Authority (INA) under a new partnership. The MoU, signed in Ottawa, will focus on projects in sectors such as infrastructure, clean tech, renewable energy, and agrifood. Indonesia was Canada’s top Southeast Asian export market in 2024. Read the report by Gita Rossiana:

https://www.dealstreetasia.com/stories/ina-export-development-canada-pact-457646

The agreement will target sectors like infra, renewable energy, and agrifood.

VinFast and MUFG Bank have kicked off a long-term partnership with the EV giant securing a $100-million green loan from ...
26/09/2025

VinFast and MUFG Bank have kicked off a long-term partnership with the EV giant securing a $100-million green loan from the Japanese bank. The financing will support VinFast's global expansion, with funds directed toward projects in Asia to grow revenue, optimise costs, and strengthen its international footprint as it pursues a pure-play EV strategy., writes Quynh Nguyen:

The financing will back VinFast’s growth and international expansion.

The central bank of the Philippines will halt new digital bank licence applications from December 1, 2025, to safeguard ...
26/09/2025

The central bank of the Philippines will halt new digital bank licence applications from December 1, 2025, to safeguard financial stability. With six digital banks currently operational, the freeze closes off further entrants for now. The move comes as the sector shows improving performance: industry losses halved in Q1 2025 to 1.04 billion pesos, with banks shifting from heavy customer acquisition to stronger deposit growth and loan expansion. Katrina Bianca Cuaresma reports:

Six digital banks are currently operational in the Philippines.

Philippine digital bank Tonik is eyeing a Tokyo listing in three years, after making it to the Tokyo Stock Exchange (TSE...
26/09/2025

Philippine digital bank Tonik is eyeing a Tokyo listing in three years, after making it to the Tokyo Stock Exchange (TSE) Asia Startup Hub 2025. “We have been talking to TSE for about nine months… they are looking to attract more companies from outside of Japan to list in Tokyo. It’s very exciting for us that we can be the first Filipino company to represent the Philippines on the exchange,” Tonik founder and CEO Greg Krasnov shared in an exclusive interview with Katrina Bianca Cuaresma.

The company was inducted into the Tokyo Stock Exchange Asia Startup Hub 2025.

Indonesian companies are increasingly diversifying into gold mining, tapping into the country’s rich natural resources a...
25/09/2025

Indonesian companies are increasingly diversifying into gold mining, tapping into the country’s rich natural resources and the sector’s sustainable growth potential amid a surge in global gold prices. Gita Rossiana reports:

https://www.dealstreetasia.com/stories/indonesia-gold-mining-457279

The outlook for Indonesia’s gold industry has never been brighter, experts said.

Vietnam-based online D2C men’s apparel brand Coolmate is raising a new funding round, just a year after it raised a Seri...
25/09/2025

Vietnam-based online D2C men’s apparel brand Coolmate is raising a new funding round, just a year after it raised a Series B round last October. Quynh Nguyen reports:

Coolmate announced the completion of its $6m Series B funding round last October.

The International Finance Corporation (IFC) has proposed a quasi-equity investment of up to $10.07 million in Dali Disco...
24/09/2025

The International Finance Corporation (IFC) has proposed a quasi-equity investment of up to $10.07 million in Dali Discount AG, a rapidly expanding hard-discount retailer in the Philippines. Katrina Bianca Cuaresma reports:

https://buff.ly/FUuAxkh

Dali received $10 million from ADB in November 2024.

Tech-focused venture capital firm Athera Venture Partners is set to close its fourth fund at a targeted Rs 900 crore nex...
24/09/2025

Tech-focused venture capital firm Athera Venture Partners is set to close its fourth fund at a targeted Rs 900 crore next month, three years after it was launched in 2022. Athera has already deployed capital from the new vehicle into companies such as Ati Motors,Terra, ClickPost, CynLr, Hyperbots, and Billion Hearts. Paramita Chatterjee reports:

https://buff.ly/8OKPOYe

The fund was launched in 2022 with a target corpus of Rs 900 crore.

An investor has ordered an independent audit of Indonesian embedded finance platform Ayoconnect following allegations of...
24/09/2025

An investor has ordered an independent audit of Indonesian embedded finance platform Ayoconnect following allegations of a suspicious transaction worth $5 million through one of its subsidiaries, even as it recently raised a $2-million bridge round led by existing investor Finch Capital. Marsya Nabila & Gita Rossiana report:

https://buff.ly/bEkAaXZ

Funding aims to extend Ayoconnect’s runway as it undertakes deep cost-cuts.

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About DealStreetAsia

DealStreetAsia was founded in May 2014 in Singapore and came to life through its main news and intelligence portal www.dealstreetasia.com in October 2014.

With a direct presence in Singapore, Indonesia, Greater China, Philippines, Myanmar, Thailand, Vietnam, Malaysia and India, we are continuously consolidating our database and investment insights to develop a powerful intelligence source for investors who want to capitalize on opportunities in Asian markets.

We believe Asia’s jewels, some of the fastest growing countries in the world, deserve more than a mention in international and regional media. A demographically vibrant region, often split by the language of media, has a lot to say and offer to the economic golden age that Asia is all set to make a mark in. DealStreetAsia aims to play a catalyst’s role in this transformation by bringing out the stories and bridging the gap between enterprises and investors through the power of information.