Wednesday, 09 September 2026 · SEA Deal Ticker

SEA Deal Ticker Wed, 09 Sept

Payments licences and GPU debt: capital buys permission this week.

The stablecoin issuer wanted the licences, not the code: Circle buys Singapore's Tazapay for $400M — DealStreetAsia · Permalink

An all-stock deal for a cross-border payments firm running local payout rails in more than 100 markets and clearing $25 billion a year, about 60 percent of it already in stablecoins.

Positive-sum angle: Anyone billing customers across a dozen markets from a Singapore entity gets a payout rail with a US-listed balance sheet behind it, once regulators clear the deal in 2027.
Compute is now financed like a power plant: Indonesia's Zankore raises $3.1B in bank debt — TNGlobal · Permalink

Citi, ING, Natixis, Qatar National Bank and UOB underwrote a senior term facility behind 100MW of NVIDIA capacity in Indonesia, scaling toward 200MW by mid-2027 and 1GW long-term.

Positive-sum angle: Inference priced in rupiah on Indonesian soil removes the data-residency objection from every regulated buyer a local AI startup has so far been unable to sell to.
Growth capital without a cap-table hit: Vietnam's Tevo takes $10M against 45 apps — DealStreetAsia · Permalink

PvX Partners put up non-dilutive user-acquisition financing rather than equity, behind a portfolio of 45 consumer and AI apps that has logged close to 200 million installs.

Positive-sum angle: A founder with proven cohorts and no appetite for a down round can buy users on someone else's balance sheet; PvX has written $750M of these globally.
Buying the licence beat applying for one: Webull pays $100M for Thailand's Pi Securities — DealStreetAsia · Permalink

The disclosure puts the total at $100 million for 99.36 percent of the broker: roughly $90 million from Country Group Holdings and $10 million from a second holder.

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