Syfe makes a non -binding offer to acquire Selfwealth for 65 million AUD
Syfe, a savings and investment platform in the Asian-Pacific area, has submitted a non-binding indicative offer for the acquisition of Selfwealth, one of the publicly listed investment platforms of Australia, for 65 million Aud ($ 40.8 million) in cash.
In an explanation, Syfe said that the step corresponds to its growth strategy of the C1 series, which prioritizes the acquisitions for the expansion of the market expression and the product range. With the operations in Singapore, Hong Kong and Australia, Syfe plans to integrate the platform from Selfwealth, maintain the existing business and its services are gradually improved by the proprietary technology and the specialist knowledge of SYFE.
“Add Selfwealth to Syfe -Ecosystem [would strengthen] Our stop on the market and accelerates our vision of building the digital wealth platform, which is comprehensive in the Asian -Pacific area, ”said Dhruv Arora, founder and CEO of Syfe.
When the acquisition has been completed, customers of Selfwealth offers access to Syfe's wider investment products and technology -operated solutions and at the same time use the dynamics of Syfe in the entire region.
Malaysias KMP invests in Swift Bridge Technologies
Kumpulan Modal Perdana (KMP), a risk capital company based on the Malaysia Ministry of Finance, invested in Swift Bridge Technologies, a developer of high-frequency connectivity solutions (RF). The financial conditions were not announced.
Swift Bridge Technologies was founded in 2012 and serves the semiconductor, telecommunications, automotive, biomedicine and industrial automation industry. The high-precision HF cables operate up to 110 gigahertz and support applications in 5G, spectrum analyzers and network testers.
Swift Bridge plans to use the funding of the next generation to develop HF cables, to expand their F&-processes from the USA to Malaysia and to secure the certification of the electric vehicle system by working with Sirim, Malaysias National standards.
Softbank in advanced conversations for the acquisition of chipmaker ampere
The Softbank Group is in advanced discussions to acquire Ampere Computing, a chip design supported by Oracle, in a deal that could appreciate ampere at $ 6.5 billion, including debts.
The Japanese conglomerate has previously been interested in acquiring amps via its chip units -Aric participation in order to use the increase in semiconductors driven by artificial intelligence. While the discussions are making progress, quotes from quoted by Bloomberg warned that a deal has not yet been completed and that delays or breakdowns could still be exposed.
A successful acquisition would be integrated by Ampere from AMPERE into the arm architecture in the Portfolio of Softbank by the data center. Oracle, which has a proportion of 29% of amps, has also signaled its intention to increase its investments through future investment options.
Sika acquires the Urban Greening company Elmich based in Singapore
Sika, a multinational company for chemicals, has acquired Elmich, a provider of Green Dach and Urban Greening solutions in Singapore. The acquisition strengthens Sika's roof and sealing business in the Asian-Pacific area, especially in growing markets such as Singapore and Australia.
Elmich is known for its innovative and sustainable urban greening systems, with products being widespread in commercial and residential developments. The company works with architects and developers to integrate green roofs and vertical gardens in urban landscapes. According to reports, his solutions are made entirely of recycled materials.
Sika sees the acquisition as an opportunity to expand its specific product portfolio. It is expected that the deal will create cruise sales by integrating Elmich's Urban Greening Systems with the advanced waterproof and roof technologies from Sika.
Qeen.ai ensures the seed production of USD 10 million to expand e-commerce solutions
Qeen.ai, a provider of agent AI solutions for e-commerce companies based in Dubai, has collected $ 10 million for seed financing. The round was led by prosus ventures, with the Wamda Capital, who were involved in 10 times founders and Dara Holdings and increased the overall financing of the company to $ 12 million.
Qeen.ai was founded in 2023 and developed autonomous AI agents who are intended to optimize the results based on user behavior patterns. His solutions aim to help e-commerce companies to automate important functions such as the creation of content, marketing and conversation sales and to scale dealers beyond traditional AI-controlled automation.
The new capital is used to improve the platform's skills, expand its team and expand its customer base on the Mena e-commerce market.
Senior investor Prosus Ventures projects that Mena e-commerce sector will reach USD 50 billion this year, with Saudi Arabia and VAE promoting growth. “AI agents are redefining global marketplaces,” said Robin Voogd, head of investments in the Middle East at Prosus Ventures.
Haarorigines secure in Series A Finance of $ 5 million
Hairoriginals, an Indian brand D2C Hair Extensions, collected $ 5 million in a financing round in Serie A and brought total financing to $ 7.2 million. The round was led together by 12 Flags Consumer Holdings and the Anicut Growth Fund with additional investments by the co -founder of Lenskart, Peyush Bansal.
The funds are used to expand the company's service footprint to 40 cities, start self-owned experience centers and to double research and development centers in order to introduce new products.
Recent shops in China:
- Azimut technologyAn indoor position technology company based in Shanghai secured almost 100 million RMB ($ 14 million) in a series-A financing round. The round was involved by a Beiidou research institute of the China North Industries Group Corporation (Norinco) with Shenzhen Capital Group (SCGC) and Shanghai Ruihe Asset Management. Azimuth focuses on the integration of internal navigation with satellite positioning systems outdoors in order to provide uniform solutions for high-precision positioning solutions. –36 KR
- LexangreA AI-affiliated startup for consumer hardware collected almost 200 million RMB ($ 28 million) in an angel round of the financing. The investment was led by IDG Capital, with Monolith, Matrix Partners, Zhenfund, Hongshan and Vitalbridge. –36 KR
- Tonge Medical TechnologyA Hangzhou registered Medtech company has recorded almost 100 million RMB in a financing round of Everest and Quzhou Lushi Fund. Financing is used for market expansion, regulatory clinical studies and capacity structure. Tonge specializes in the development of medical devices for metabolic diseases such as obesity, diabetes and fatty liver diseases. –36 KR
Ampotech, Nibertex, Yuwell and other recent headlines:
- AmpotechAn energy management solving provider based in Singapore has received an unauthorized investment from the Southeast Asia Clean Energy Fund from Clime Capital (Secef II).
- NibertexA deep-tech startup that specializes in waterproof, breathable membranes has concluded its pre-series financing round with the support of Foxmont Capital Partners, ADB Ventures and regional family offices.
- Yuwell MedicalA manufacturer of medical devices based in China has announced an investment of $ 27.2 million in Inogen through his subsidiary in Hong Kong. Yuwell will acquire a share of 9.9% in Inogen's regular shares as part of the deal.
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