Latest news and trends about tech
Validus and Citi establish $100M facility to drive SME financing
Singapore FinTech firm Validus and global bank Citibank N.A. (Citi) announced Tuesday the establishment of a $100 million securitisation facility, collateralised by small and medium-sized enterprise (SME) loans originated by Validus in Singapore.
Hybrid working actually increases our carbon footprint – here’s why, and how businesses and building owners can tackle it
In the era of hybrid working, the continual greening of both commercial and residential buildings will be pivotal in advancing the global net zero target.
Singapore’s Lightnet receives $50M capital commitment from LDA Capital
Singapore FinTech firm the Lightnet Group (Lightnet) has secured a $50 million capital commitment from LDA Capital Ltd (LDA) to grow its infrastructure, operations, and expand its technological partner's (Velo Labs Technology) blockchain technology.
Singapore FinTech firm banco raises $6.7M Series A round led by SBI Group
Singapore-based FinTech company banco announced Tuesday the successful raise of $6.7 million in Series A funding led by Japan-based leading financial group SBI Group. Sumitomo Mitsui Banking Corporation (SMBC), R3, Savills, KZM & Company, and others also joined the round.
Singapore’s Glints raises $50M co-led by DCM Ventures, Lavender Hill Capital, and PERSOL Holdings
Glints, a Singapore=based end-to-end regional talent ecosystem for career development and recruitment, said Tuesday it has raised $50 million in a Series D oversubscribed round co-led by DCM Ventures, Lavender Hill Capital, and returning investor PERSOL Holdings.
Indonesia rolls out cross-border QR payment linkage with Thailand
Bank Indonesia (BI) and the Bank of Thailand (BoT) announced to move from piloting phase to the implementation phase of cross-border QR payment linkage on Monday. The piloting phase of cross-border QR payment linkage between Indonesia and Thailand, launched on August 17, 2021, has been running successfully. For the implementation phase, 76 payment system…
Singapore’s Propseller raises $12M Series A funding led by Vertex Ventures
Singapore-headquartered PropTech start-up Propseller announced Tuesday a $12 million Series A funding led by Vertex Ventures Southeast Asia and India. The round saw participation from existing investors Hustle Fund, Iterative, and Rapzo Capital, and new investors Partech, ICCP SBI, Vulpes Ventures and Redbadge Pacific.
Indonesia’s ESB raises $29M Series B funding led by Northstar Group and Alpha JWC Ventures
ESB, an Indonesia-based fully-integrated restaurant management software as a service (SaaS) platform, announced Monday its $29 million Series B funding round led by Northstar Group and Alpha JWC Ventures. The round also saw participation from existing investors including BEENEXT, Vulcan Capital and AC Ventures.
TechNode Global shares research insights on Indonesia EV landscape
Topics in the report include the latest development in the Indonesian EV market, findings on the electric 2-wheeler market and the electric 4-wheeler market, consumers’ preferences, market entry and growth strategies, among others.
Malaysia’s Creador backs Philippine digital bank operator UnoAsia
Malaysian private equity firm Creador has led a pre-Series A round of $11 million for UnoAsia, operator of Uno Digital Bank, one of only six licensed digital banks in the Philippines.UnoAsia had already raised $33.5 million in pre-seed and seed funding, of which $21 million came from Creador.
