Financial transactions summary: Atome Financial obtains a debt facility worth up to $100 million, Food Empire receives funding from Ikhlas Capital, and six agreements in China, with more to follow.

Headline: Multinational Companies and Startups Secure Funding for Expansion and Innovation

In the world of finance and technology, several companies have recently secured significant investments to fuel their growth and innovation. Here's a roundup of the latest funding news:

Atome Financial secures USD 100 million term debt facility

Atome Financial, a digital financial technology platform, has secured a three-year term debt facility worth up to USD 100 million from EvolutionX. The profitability of Atome's buy now, pay later (BNPL) business, with a 40% year-on-year surge in GMV to USD 1.5 billion and 130% year-on-year growth in revenue, was a key factor in securing this investment. The proceeds will be used to expand Atome's regional credit portfolio and launch new products like savings, lending, insurance, and the "Atome Card" in markets such as Singapore, Malaysia, the Philippines, and Indonesia.

BioMap receives undisclosed investment from HKIC

BioMap, a Beijing-based biological computing startup, has received an undisclosed investment from the Hong Kong Investment Corporation (HKIC), an investment firm wholly owned by the Hong Kong government. The funds will support the establishment of BioMap's biocomputing innovation center and expansion of operations to Hong Kong.

Food Empire Holdings secures USD 40 million investment

Food Empire Holdings, a Singapore-based multinational food and beverage group, has received USD 40 million from private equity fund Ikhlas Capital. The investment will be used for capital expenditures and mergers and acquisitions to develop and expand Food Empire's business in Southeast Asia and South Asia.

Tiger New Energy raises additional funding

Tiger New Energy, a Bangladeshi clean energy startup, has received additional funding from ADB Ventures, adding to a previous USD 2.5 million seed round. Tiger New Energy addresses issues of carbon emissions and energy inefficiency in Bangladesh's urban transportation sector. Its battery swapping stations enable rickshaw drivers to swap depleted batteries for fully charged ones in less than a minute, reducing downtime and potentially increasing their earnings.

Ai Palette secures additional funding in Series A1 round

Ai Palette, a Singapore-headquartered tech startup specializing in using artificial intelligence and machine learning to enable consumer packaged goods (CPG) companies in product creation, has snagged an additional USD 1.45 million in its Series A1 funding round from InnoVen Capital.

RaySea completes funding round, funds to be used for commercialization

RaySea, a Hangzhou-based company specializing in vertical-cavity surface-emitting laser (VCSEL) R&D and design, has completed a new funding round led by its existing shareholders, with the specific amount undisclosed. The funds will primarily be used to accelerate the commercialization of automotive-grade VCSEL chips and the iteration of optical chips.

Minospace Technology secures RMB 1 billion in Series C1 financing round

Minospace Technology, a Beijing-based satellite manufacturer, has secured RMB 1 billion in a Series C1 financing round led by the Wuxi Economic Development Zone Shangxian Industry Investment Fund. Liangxi Technology and Innovation Industry Fund of Funds, dedicated to Wuxi City's Liangxi district, and existing shareholder Qingdao Huizhu Anfulan also participated in the funding round.

Okapi Technologies launches in Malaysia with funding round

Okapi Technologies, a fintech startup in the solar financing space, has closed its funding round and officially launched in Malaysia, starting with the residential solar vertical. The round was led by The Radical Fund with participation from angel investors including Lai Chang Wen and Shaun Chong, co-founders of regional logistics unicorn Ninja Van.

Sectrend secures pre-Series A++ round of financing

Sectrend, a supply chain software security company, has secured tens of millions of RMB in a pre-Series A++ round of financing from Firstlight Capital, Vista, Shanghai Weixin, Kunpeng Technology Growth Fund, Shanghai Anyu, and Shanghai Yisu.

DreamTech raises eight-figure RMB sum in angel funding

DreamTech, an artificial intelligence tech startup focusing on native 3D generative solutions, has raised an eight-figure RMB sum in angel funding across two rounds, with Oriza Seed and Monad Ventures among the investors.

Paywatch secures USD 30 million in funding

Paywatch, an earned wage access (EWA) service provider, has secured a total of USD 30 million from a mix of equity and credit facilities to bolster its growth.

Tiger New Energy founded by Harvard Business School alumni

Tiger New Energy, a Bangladeshi clean energy startup, was founded by Harvard Business School alumni Nicole Mao and Yiwei Zhu.

Dendritic Optical Technology completes Series B funding round

Dendritic Optical Technology, an Anhui-registered company, has completed its Series B funding round with undisclosed participation from Guoyuan Securities Financial Holdings, Hefei Hi-tech VC, and Xingtai Capital Management.

Atome Financial shows significant improvement in FY2023

Atome's business showed significant improvement in FY2023, with operating income nearly doubling to USD 170 million. The Everstone Group supported Food Empire in Southeast Asia and South Asia with an investment of 40 million US dollars.

BioMap to establish biocomputing innovation center and expand operations

The proceeds for BioMap will support the establishment of its biocomputing innovation center and expansion of operations to Hong Kong.

Funds for RaySea to accelerate commercialization of VCSEL chips

The funds for RaySea will primarily be used to accelerate the commercialization of automotive-grade VCSEL chips and the iteration of optical chips.

Tiger New Energy's battery swapping stations to reduce downtime for rickshaw drivers

Tiger New Energy's battery swapping stations enable rickshaw drivers to swap depleted batteries for fully charged ones in less than a minute, reducing downtime and potentially increasing their earnings.

Paywatch secures funding to bolster its growth

Paywatch, an earned wage access (EWA) service provider, secured a total of USD 30 million from a mix of equity and credit facilities to bolster its growth.

Minospace Technology's funding for capital expenditures and mergers and acquisitions

The investment will be used for capital expenditures and mergers and acquisitions to develop and expand Food Empire's business in Southeast Asia and South Asia.

Okapi Technologies starts with residential solar vertical in Malaysia

Okapi Technologies, a fintech startup in the solar financing space, has closed its funding round and officially launched in Malaysia, starting with the residential solar vertical.

Sectrend secures funding for supply chain software security

Sectrend, a supply chain software security company, secured tens of millions of RMB in a pre-Series A++ round of financing from Firstlight Capital, Vista, Shanghai Weixin, Kunpeng Technology Growth Fund, Shanghai Anyu, and Shanghai Yisu.

DreamTech raises funds for artificial intelligence tech startup

DreamTech, an artificial intelligence tech startup focusing on native 3D generative solutions, raised an eight-figure RMB sum in angel funding across two rounds, with Oriza Seed and Monad Ventures among the investors.