Project Lorikeet, a joint trade initiative between the Australian Trade and Investment Commission (Austrade) and Singapore Fintech Association (SFA) established earlier this year, provided the basis for fintechs, Choco Up, Rhino Partners, Moneythor, and USER to enter and expand in the Australian market with investment estimated to be between A$26 million (US$17.5 million) over the next three years.

Budget airline AirAsia parent Capital A said it plans to list its brand management business on the Nasdaq by entering into a deal with a special purpose acquisition company Aetherium Acquisition Corp. Under the deal, Aetherium Acquisition will acquire all the issued and outstanding share capital of Capital A International, resulting in the formation of a new listed entity, according to a stock exchange filing.