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N continuation to our previous Tech Deals series (Tech Deals Vol. 1, Vol. 2 and Vol. 3), we provide herein, the recent tech deals completed between the period of 1 January and 31 March 2022. ....
SiCepat taps electric vehicle space in JV with NFC Indonesia, buys EV maker Volta Source: CHUTTERSNAP/Unsplash June 9, 2021 Indonesian logistics company SiCepat has entered the electric vehicle (EV) business through a joint venture with NFC Indonesia, a subsidiary of the listed digital company M Cash Integrasi, the companies announced in a statement. The deal marks the latest tie-up between SiCepat and M Cash. Both companies have been making investments into each other’s subsidiary units. The newly formed EV company, Energi Selalu Baru (ESB), will focus on the distribution of electric motorcycles, battery exchange and supporting services. Following the joint venture agreement, M Cash subsidiaries Digital Mediatama Maxima and Telefast Indonesia will take minority stakes in ESB by providing commercial, infrastructure and ecosystem support. ....
SEA Digest: GrabPay in pact with Stripe; SiCepat partners DMMX May 27, 2021 GrabPay has partnered with digital payments giant Stripe while Indonesian logistics company SiCepat Ekspres has announced a collaboration with PT Digital Mediatama Maxima Tbk. Singapore’s GrabPay announces partnership with Stripe GrabPay, the e-wallet service of Singapore-based Grab, has announced a partnership with digital payments giant Stripe. “With e-commerce’s increasing popularity here, we believe that Stripe’s expertise and technology will help us deliver an enhanced payments experience for Southeast Asians. This partnership also builds on our ongoing efforts to help businesses grow online in an increasingly digitally reliant world,” said Chris Yeo, Managing Director and Head of GrabPay, Grab Financial Group. ....