Data Vantage | Paywatch, Pyxis, Motorist, NativeX and ASLAN Pharma rack up funding
Edition #343, 30 January 2024
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Malaysia-based earned wage access service provider Paywatch received [redacted] million from US-based venture capital firm Third Prime last week. The latest transaction brings its ongoing round total to [redacted] million.
The company had last announced raising a $9 million pre-Series A round led by Third Prime in 2022. Its other backers include Vanderbilt University and the University of Illinois Foundation.
Founded by brothers Alex and Richard Kim, Paywatch provides employees with access to their earned salary anytime and anywhere without having to file cash advance requests or incur interest charges.
The startup currently operates in Malaysia, South Korea, Indonesia, the Philippines and Hong Kong.
Pyxis, a Singapore-headquartered maritime technology company, received a capital infusion from Shift4Good, Motion Ventures and other investors last week. The funding is part of a larger round.
Founded by former Eng Hup Shipping executive Tommy Phun, the company helps coastal vessels transition from diesel fuel to electricity.
Earlier this month, a group comprising Pyxis and SP Mobility, an arm of utilities major SP Group, was chosen by the Maritime and Port Authority of Singapore (MPA) to pilot its vessel charging concepts in the city-state. As part of the trial, the companies will deploy their electric marine chargers at Marina South Pier.
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Other updates from DATA VANTAGE
Automotive tech startup Motorist received $3 million from Tokyo Century Leasing (Singapore), a unit of the Japanese auto financing group, last week. The former had announced the funding recently without disclosing the quantum raised.
Vietnam-based online English learning platform NativeX issued shares worth $2.9 million last week to investors, including Northstar Ventures and Tigerschool Pte.
The Singapore unit of oncology-focused biopharma company ASLAN Pharmaceuticals received $23.5 million from its Cayman Islands-based parent last week.
US-based advertising technology firm KNOREX, which has offices in Southeast Asia, has issued shares worth [redacted] to an existing shareholder.
The Singapore entity of robotics firm OTSAW received an $8.75 million capital injection from its Cayman Islands-based parent firm last week.
Indonesia-based climate tech company Fairatmos received $240,000 last week as part of a $4.5 million seed financing announced in December 2022.
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