News
Singapore’s dtcpay raises $16.5M in Pre-Series A funding round led by Kwee Liong Tek
Dtcpay, a Singapore-based digital payments platform, on Wednesday announced it has raised $16.5 million in a pre-Series A funding round. Singapore's conglomerate family business owners and Pontiac Land Group Chairman Kwee Liong Tek led this round.
India’s Digantara raises $10M is Series A1 funding led by Peak XV Partners and Kalaari Capital
Digantara, an India-based space situational awareness (SSA) company, announced Tuesday that it has raised $10 million in a Series A1 funding round to further develop its revolutionary Space-Mission Assurance Platform (Space-MAP).
Samsung Ventures invests in wearables sleep tech firm Earable Neuroscience
The United States and Vietnam-based wearables sleep tech firm Earable Neuroscience has announced the completion of the investment process in its bridge round by Samsung Ventures at an undisclosed amount.
Monetary Authority of Singapore proposes standards for digital money
The Monetary Authority of Singapore (MAS) has on Wednesday published a whitepaper proposing a common protocol to specify conditions for the use of digital money such as central bank digital currencies (CBDCs), tokenized bank deposits, and stablecoins on a distributed ledger.
Indonesia’s Slice closes $645,000 seed round led by Intudo Ventures and Arise
Slice Group, an Indonesian developer of creator management tools for the creator economy, has on Wednesday announced the completion of a $645,000 seed round of financing led by Intudo Ventures and Arise.
MYStartup partners Maxis, Petronas, Cyberview and airasia academy to support Malaysian startups
MYStartup, an initiative by the Ministry of Science of Technology and Innovation (MOSTI) and Cradle Fund Sdn Bhd (Cradle), has partnered with Malaysian firms Maxis, Petroliam Nasional Berhad (Petronas), Cyberview and airasia academy to foster growth in Malaysia’s startup ecosystem.
GoTo-backed Go-Ventures rebrands as Argor; raises $240M
GoTo-backed investment firm Go-Ventures has rebranded as Argor Capital Management Pte. Ltd. (Argor) and closed its second flagship venture fund at $240 million.
Funding Societies introduces Shariah-compliant Guaranteed Islamic Investment Note in Malaysia
Following the launch of its comprehensive Islamic financing solutions recently, Funding Societies, the Singapore-based unified small and medium sized enterprise (SME) digital finance platform, has introduced its Guaranteed Islamic Investment Note (GN-i) in Malaysia.
Singapore’s Grab cuts 1,000 jobs to manage costs and stay competitive, says CEO
Grab's Anthony Tan said with or without the exercise, Grab is on track to hit group Adjusted EBITDA breakeven this year.
Grab plans biggest job-cut round since pandemic – report
Last month, Grab said it is ‘on track’ to achieve breakeven by the fourth quarter after its losses narrowed in the first quarter.
