Deals in brief: Blitz and Tazapay raise funding, Rezolve.ai acquires ViSenze, 11 new China investments, and more

Indonesia’s Blitz secures pre-Series A funding

Blitz Electric Mobility, an Indonesia-based electric vehicle logistics platform, has raised an undisclosed amount in a pre-Series A funding round led by Malaysia’s Vynn Capital, with participation from Iterative Capital. Angel investors Balaji Srinivasan, Rajesh Venkatesh, and Vinner Ventures also joined, alongside institutional backers including ADB Ventures, FiveFortyAlpha, BonBillo Fund, and Peak XV Partners.

Blitz runs an asset-light model that connects businesses with gig couriers and provides embedded EV financing to support adoption.

The fresh capital will be used to support Blitz’s expansion in Indonesia, extend coverage beyond its current network in more than 60 cities, and improve profitability.

Tazapay raises Series B funding with backing from blockchain leaders

Tazapay, a Singapore-based cross-border payments infrastructure provider, has raised an undisclosed amount in a Series B round led by Peak XV Partners, with participation from Ripple, Circle Ventures, Norinchukin Capital, GMO VenturePartners, and existing investors January Capital and ARC180.

Tazapay offers collection and payout capabilities across markets, bridging fiat and stablecoin networks.

Proceeds will be used to accelerate global licensing efforts, including applications in the UAE, US, Hong Kong, Australia, and Singapore. The company also plans to expand its real-time payments, ACH (Automated Clearing House), and digital asset offerings.

Nasdaq-listed Rezolve.ai acquires Singapore’s ViSenze

ViSenze, a Singapore-based artificial intelligence platform, has been acquired by Rezolve.ai, a Nasdaq-listed conversational commerce company. Financial terms were not disclosed.

Founded in 2012, ViSenze initially focused on visual search for retail before expanding into multimodal AI-powered search tools for e-commerce and in-store shopping. Its IP and team will be integrated into Rezolve, with Singapore set to serve as Rezolve’s Asia Pacific headquarters.

Cashku secures MYR 10 million investment

Cashku, a Kuala Lumpur-based fintech platform, has raised MYR 10 million (USD 2.4 million) from investors including Tunku Zain Al-‘Abidin, former Securities Commission chairman Datuk Ali Abdul Kadir, 1337 Ventures, and private equity professionals from the UK.

The company positions itself as an end-to-end digital financial planning platform, enabling users to consolidate investments, retirement plans, and managed funds while accessing goal-based advisory services in a single ecosystem.

The funds will be used to enhance Cashku’s technology, expand its nationwide reach, and strengthen partnerships. Cashku also plans to broaden its product suite ahead of a Series A raise, citing strong investor interest in digital wealth management globally.

Tin Men Capital leads Series B investment in Atlas

Atlas Consolidated has raised USD 18.1 million in a Series B round led by Tin Men Capital, with participation from Getz and Woodside Holdings Investment Management.

The company is the developer behind HugoHub, a “bank-in-a-box” platform that helps financial institutions modernize core systems and deliver digital-first banking at lower cost. HugoHub claims that it can reduce technology spending by up to 90% and operating costs by 75–80%, while enabling banks to deploy modular upgrades without major system overhauls.

The new funding will support Atlas’ expansion into new markets and its efforts to improve financial inclusion in underserved economies.

Pintarnya raises USD 16.7 million in Series A round

Pintarnya, a Jakarta-based job platform that integrates financial services with employment opportunities, has raised USD 16.7 million in a Series A round led by Square Peg, with participation from Vertex Ventures Southeast Asia & India and East Ventures.

Founded in 2022, the company has developed an ecosystem that reportedly serves more than ten million users and 40,000 employers. In addition to job matching, Pintarnya offers secured lending products through asset-backed partners, enabling workers to access credit against collateral such as gold, electronics, or vehicles.

The proceeds will be used to enhance the platform and expand access to financial services nationwide, with the company stating its mission is to improve employment security and financial inclusion for Indonesia’s workforce.

Xora Innovation co-leads Series A investment in OpenLight

Temasek’s Xora Innovation has co-led a USD 34 million Series A round in OpenLight, a California-based integrated photonics company spun out of Synopsys. Capricorn Investment Group co-led the round, with participation from Mayfield, HPE (via Juniper Networks), Lam Capital, New Legacy Ventures, and K2 Access.

OpenLight develops photonic ASICs (PASICs) using a process design kit that integrates indium phosphide and silicon photonics, enabling higher-speed, lower-power optical interconnects for data centers.

The new funding will support expansion of OpenLight’s photonics library, ramp-up of production, and team growth as the company moves customers to volume deployments.

SeaTown completes first close of third private credit fund

SeaTown Holdings International, a Singapore-based alternative investment firm owned by Temasek’s Seviora Holdings, has reached the first close of its SeaTown Private Credit Fund III with more than USD 612 million committed. The fund drew investors from the Middle East, Japan, Taiwan, and Singapore.

The vehicle will focus on proprietary lending opportunities in the region, offering structured financing solutions with downside protection and targeting mid-teen net returns.

Clifford Chance served as lead fund counsel.

India’s Kiwi raises USD 24 million in Series B round

Kiwi, an India-focused fintech company, has raised USD 24 million in a Series B round led by Vertex Ventures Southeast Asia & India, with participation from Nexus Venture Partners, Stellaris Venture Partners, and Omidyar Network.

Founded in 2023, Kiwi enables consumers to access credit lines directly through the Unified Payments Interface (UPI), combining India’s payments network with the flexibility of card-based products.

The new funding will support Kiwi’s product development, expand partnerships, and improve unit economics as the company targets issuing one million credit cards within the next two years.

Recent deals completed in China: WeRide, Robocore, Bluente, and more made recent headlines:

If there are any news or updates you’d like us to feature, get in touch with us at: [email protected].

...