Data Vantage | Paywatch, Pyxis, Motorist, NativeX and ASLAN Pharma rack up funding

DealStreetAsia
3 min readJan 30, 2024

Edition #343, 30 January 2024

Share As a free subscriber, you’re reading a redacted version of DealStreetAsia’s premium DATA VANTAGE twice-weekly newsletter. Unlock access to the complete version by picking up any of our premium subscription plans.

Dear *|IF:FNAME|**|FNAME|*,*|ELSE:|*Reader,

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.

Executives at top investment, financial services firms and businesses use DATA VANTAGE to make smarter investment decisions in Asia. (See how)

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.

As a free subscriber, you’re reading a redacted version of DealStreetAsia’s premium DATA VANTAGE twice-weekly newsletter. Unlock access to the complete version by picking up any of our premium subscription plans. Anticipate Asia’s Rising Stars and Secure Lucrative Exits

Explore DATA VANTAGE (formerly Professional Plan), an indispensable part of an analyst’s Swiss Army Knife.

To keep pace with today’s constantly evolving markets, data must be smarter, deeper, and instantly accessible. DATA VANTAGE is our smart, continuously updated research & analytics platform featuring:

  • Key financials, fundraising data, and shareholding information for over 3,000 Asian venture-backed companies registered in Singapore and Indonesia
  • Up to 3 new research reports per month
  • Monthly and quarterly data on private funding in SE Asia, India, and Greater China
  • Twice-weekly DATA VANTAGE premium newsletter
  • Alerts for monitoring companies and sectors
  • 50% discount on tickets to our flagship summit
  • Full access to DealStreetAsia’s premium stories and archives

Combine editorial insights with robust data & research. Gain a competitive edge in the ever-changing private capital investment landscape.

>> Curious? Read More About DATA VANTAGE << © DEALSTREETASIA 2014–2024.

--

--

DealStreetAsia

DealStreetAsia is a Singapore-headquartered, subscription-driven media company, covering all deals — private equity, venture capital & M&As in Asia.