SE Asia Digest: Vietnam's Wesale raises seed round; Singapore's Triple-A expands offerings

SE Asia Digest: Vietnam's Wesale raises seed round; Singapore's Triple-A expands offerings

Hitseries Capital has invested in Vietnamese real estate platform WeSale, while Triple-A will start accepting PayPal’s stablecoin by next month.

Hitseries Capital invests in WeSale

Singapore-based Hitseries Capital has announced its investment in WeSale, a Vietnam-based real estate trade platform.

The investment amount was not disclosed; however, it is understood to be six-digit investment. The proceeds will be used for the company’s expansion plan.

Founded in 2022 by Mai Lam Toi, WeSale is a real estate trade platform that connects communities of brokers, individuals, and organisations across sectors with top real estate owners and developers in Vietnam.

Hitseries Capital provides growth capital for hyper scaling industry game changers.

Triple-A to accept PayPal stablecoins

Singapore-based payments firm Triple-A will reportedly start accepting PayPal’s stablecoin, PYUSD, by the end of June 2024.

The Straits Times reported that the move is intended to aid Triple-A’s aim of more than doubling its payment volumes by the end of 2024.

The move expands Triple-A’s current digital currency offerings, which include Bitcoin, Ether, and several other stablecoins. It also supports PayPal’s effort to compete with established stablecoins like Tether’s USDT by leveraging its extensive user base.

Edited by: Joymitra Rai

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