News

Hong Kong-based digital coupon platform Mezzofy has on Wednesday announced the completion of Pre-series A funding round of $2 million to bring the start-up's global expansion plan to life and support its product advancement for the web3 future.

Nium, the Singapore-based real-time cross-border payments, has on Wednesday announced it has raised $50 million in a Series E funding round. The round was led by a sovereign wealth fund in Southeast Asia and values the company at $1.4 billion post-money

Alipay+, a suite of cross-border mobile payment and digitalization technology solutions operated by Ant International, has partnered with Mongolian full service bank Khan Bank to enable digital payment of 12 international e-wallets in Mongolia to drive tourism and merchant growth.

UEM Group Berhad (UEM Group) through its wholly-owned subsidiary and green industry arm, UEM Lestra Berhad (UEM Lestra), has on Wednesday signed an agreement to develop a 500-megawatt (500 MW) hybrid solar power plant with Blueleaf Energy, a leading green renewable energy platform, and ITRAMAS Corporation Sdn Bhd (ITRAMAS).

Remote, the global human resource (HR) platform for distributed companies, has selected Nium, the Singapore-based real-time cross-border payments platform, to enhance its international payroll capabilities.

The Hex Trust Group, a Hong Kong-based provider of digital asset solutions for institutional finance, protocols, foundations, and the Web3 ecosystem, has secured an additional Virtual Asset Service Provider (VASP) license from the Virtual Asset Regulatory Authority (VARA) in Dubai.

Singapore construction companies are planning to expand their use of digital technologies and are investing more than 20 percent of their expenditure into these digitalization efforts, a report said Tuesday.

Tech Data, a TD SYNNEX Company, has on Monday announced its acquisition of Orca Technology Pty Ltd (Orca Tech), an independent value-added distributor focused on the information technology (IT) security marketplace in Australia & New Zealand (ANZ).

International Payment Identity (iPiD), a Singapore-based fintech firm, announced Wednesday it has secured $5.3 million in a Pre-Series A funding round. This oversubscribed round was led by early stage tech-focused venture capital firm, Monk’s Hill Ventures.

Minister of Science, Technology and Innovation Chang Lih Kang said the development will focus on the manufacturing process and energy production on a large scale, while also being able to accommodate general demand.