Asia’s technology and investment landscape continues to attract significant capital as businesses accelerate developments across artificial intelligence, semiconductors, fintech, digital assets and agritech.
Indian AI agribusiness startup Myca has raised fresh funding to expand its technology for agricultural enterprises, while SpaceX is reportedly seeking major financing to support its growing AI computing infrastructure. Investment firms are also exploring a billion-dollar vehicle linked to ByteDance, reflecting continued interest in private technology assets.
Meanwhile, Opera-backed MiniPay is strengthening digital identity verification through reusable KYC technology, and Singapore-based digital asset firm ReserveX has entered the crypto derivatives market with structured products targeting institutional and accredited investors.
Indian AI Agribusiness Startup Myca Raises $1.3 Million
Indian AI agribusiness startup Myca has raised $1.3 million in pre-seed funding to expand its software for agricultural businesses. The round was led by Kriscore Capital, with participation from Eximius Ventures and Indigram Labs Foundation. Myca develops technology that converts field communications such as messages, calls and photographs into structured workflows. The company plans to strengthen its product and engineering capabilities while expanding enterprise deployments across multiple international markets.
- The funding will support product development and engineering expansion.
- Myca plans to expand deployments across India, Southeast Asia, Latin America and Africa.
- Its software is designed to organise fragmented field data into actionable business workflows.
ADIA and Coller EQT Discuss $1 Billion ByteDance Investment Vehicle
The Abu Dhabi Investment Authority (ADIA) and private equity firm Coller EQT are reportedly in talks to back a roughly $1 billion continuation vehicle linked to ByteDance. The vehicle is being arranged by Hong Kong-based investment firm Primavera Capital, according to people familiar with the discussions. Primavera plans to transfer stakes in ByteDance and Ant Group from its Fund III into the new investment vehicle. The assets are reportedly being transferred at about a 30% discount to their combined $1.5 billion net asset value.
- The proposed vehicle is valued at around $1 billion.
- Primavera Capital is arranging the transaction involving stakes in ByteDance and Ant Group.
- The assets are reportedly being transferred at a discount to their combined net asset value.
SpaceX Seeks $40 Billion to Fund Nvidia Chip Purchases
SpaceX is seeking to raise $40 billion to finance purchases of advanced Nvidia artificial intelligence chips, according to reports. The financing is expected to be led by Apollo Global Management and would combine bank loans with investment-grade corporate debt. The planned fundraising highlights the enormous capital requirements emerging around AI computing infrastructure and data centres. The transaction is expected to include around $10 billion in bank loans and $30 billion in bonds, with completion targeted for 2027.
- SpaceX is seeking approximately $10 billion in bank loans.
- Another $30 billion is expected to come through investment-grade debt.
- SpaceX has committed to using Nvidia chips for its AI computing infrastructure.
Opera-Backed MiniPay Adopts Sumsub’s Reusable KYC
MiniPay, Opera’s stablecoin wallet, is adopting reusable KYC technology from identity verification company Sumsub to simplify user onboarding. The technology allows verified users to securely reuse their identity information across supported financial services with their consent. The approach is designed to reduce repeated document submissions while maintaining sanctions, politically exposed person and other compliance checks. MiniPay is part of a broader financial ecosystem using digital identity and stablecoin infrastructure to support cross-border financial services.
- Sumsub’s reusable identity framework can reduce repeated verification requirements.
- Fresh sanctions and PEP screening is still carried out during onboarding.
- MiniPay is Opera’s self-custodial stablecoin wallet built on the Celo blockchain.
Also Read: Asia Today: AI, Fintech, Semiconductors, Travel & Startup Funding
Singapore Digital Asset Firm ReserveX Launches Crypto Derivatives
Singapore-based digital asset firm ReserveX has launched a range of crypto derivatives and structured products for accredited and institutional investors. The company’s offerings include Accumulators, Decumulators, Covered Calls and Fixed Coupon Notes linked to digital assets. ReserveX operates through an over-the-counter trading desk and supports assets including Bitcoin, Ethereum and other major cryptocurrencies. The company is a subsidiary of Independent Reserve Group, but its derivative products are separate from Independent Reserve’s regulated payment services.
- Products include Accumulators, Decumulators, Covered Calls and Fixed Coupon Notes.
- ReserveX products are available only to accredited and institutional investors.
- The company states that its products are not regulated by Singapore’s Monetary Authority (MAS).
