10 Cents Capital, a Malaysian investment holding company, said it had completed US$20 million in financing and would deploy the capital in phases across three new business lines, starting in Brazil.

The new lines will focus on AI business applications, global multilingual marketing, and cross-border business-to-business (B2B) trade.

The company said its Brazil operations would be handled by its operating brand Vivamomento.

Incorporated in 2022, 10 Cents Capital said it had invested in digital technology, ecommerce, consumer services, and enterprise services.

It plans to use the new capital for technology development, service operations, and market entry.

The company did not identify the financing provider or say whether the deal was structured as debt or equity.

🔗 Source: 10 Cents Capital