News
Grab retires $600M in 2026 debt with extra cash – report
The Singapore-based ride-hailing and delivery company completed the transaction last week, bringing its debt under an outstanding term loan to $517 million, down from the previous balance of $1.117 billion. Grab also has about $200 million in other bank debt.
Singapore’s Endowus launches community impact initiative
Endowus, a Singapore-based digital wealth platform, has launched a community impact initiative, Endowus Empower. This initiative aims to provide underrepresented, underserved, and underprivileged groups with the right tools, advice, opportunities, and community support to reach their wealth and life goals.
Singapore Deep-Tech Alliance partners Innovate UK to launch Innovate UK Global Incubator Programme Singapore
Sustainability-focused deep tech venture builder, Singapore Deep-Tech Alliance (SDTA) has announced Tuesday its partnership with Innovate UK, supported by Innovate UK EDGE, to launch the Innovate UK Global Incubator Programme Singapore.
Indonesia to provide incentives to boost EV sales, attract investment – report
Indonesia is always keen to develop domestic EV production facilities to take advantage of its rich nickel reserves, an important material to produce EV batteries.
India’s SpotDraft raises $26M in Series A funding led by Premji Invest
SpotDraft, an India-based legal technology startup, has announced it closed $26 million in Series A funding. The round was led by Premji Invest, with participation from Prosus Ventures, 021 Capital, Arkam Ventures, Riverwalk Holdings, and 100x Entrepreneur Fund.
SoPa’s NusaTrip expands services to Vietnam
NusaTrip, Indonesia's online travel agency (OTA) and the travel vertical of Nasdaq-listed Society Pass Incorporated (SoPa), has on Monday announced the opening of an office in Ho Chi Minh City, Vietnam. This represented its third Southeast Asian (SEA) regional office outside of Jakarta, following the opening of its offices in Singapore and Manila earlier…
FOMO Pay has officially become the member of Singapore Clearing House Association (SCHA)
FOMO Pay, a Singapore-based major payment institution, has on Monday announced its official membership in the Singapore Clearing House Association (SCHA), a prestigious organization comprising the Monetary Authority of Singapore (MAS) and elected financial institutions.
SoftBank-backed chip designer Arm aims to raise at least $8B in US IPO – report
The preparations for the IPO are expected to be kick-started in the US in the coming days and the valuation range has not yet been finalized.
India’s Greenko raises $700M in equity funding for growing its cloud storage platform
Greenko Energy Holdings (Greenko), an India-based energy transition firm, is raising $700 million in equity funding from its existing shareholders to grow its cloud storage platform to ~50 GWh.
Philippine Enstack raises $3M in Series A funding round led by Mangrove Capital Partners
Enstack, the Philippines-based small and medium-sized enterprise (SME) superapp, has announced the completion of a $3 million Series A funding round led by Mangrove Capital Partners.
