Xurpas to acquire VC firm Wavemaker Partners US – Dealstreet Asia
Philippines-listed consumer tech company Xurpas announced that it has agreed to acquire US-based early-stage venture capital firm Wavemaker Partners US for an undisclosed amount, Dealstreet Asia reported.
The acquisition will be paid in cash and the general partners of Wavemaker US will also subscribe to a total of 1.7 billion Xurpass unissued shares for an approximately 48 per cent stake in the company.
The transaction does not include Wavemaker’s Southeast Asia practice as it will remain independent and wholly owned by its management.
With over $210 million in assets under management, Wavemaker US has been operating for almost 17 years.
LinkAja e-payment options to be available on Grab platform – KrASIA
Following a similar partnership with gojek, Indonesian e-payment service LinkAja sets up a partnership with Grab that will make its service available as a payment option in the Grab platform, KrASIA has learned.
LinkAja CEO Danu Wicaksana said that the integration is currently in its beta phase and not yet available to all users.
He also declined to reveal the details of this partnership which will be announced officially “soon.”
Also Read: Captain’s Log, Sept 8: Ninja Van is eyeing US$60M funding, Xurpas is “most active” SEA tech acquirer
Indonesia to set up personal data protection commission – DailySocial
Indonesia’s ministry of communications and informatics is set to launch a special comission for personal data protection, after the model that is currently implemented in Singapore, DailySocial reported.
The ministry is currently undergoing research and study process for the model’s implementation in the country.
Despite being under the ministry’s structure, the commission will operate independently.
Symphony, Tencent partner to enable WeChat integration – SCMP
Symphony Communications Services, a cloud-based messaging start-up for professionals, teams up with Tencent Holdings to integrate WeChat into its system, South China Morning Post reported.
The platform is backed and used by some of the world’s biggest financial services companies including Goldman Sachs.
The messages between Symphony and WeChat will be compliance checked in line with financial industry rules, which include trust barriers, information protection governance and data sovereignty requirements.
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