News
Malaysia’s Bintang Capital invests in Singaporean integrated waste management firm Blue Planet
Bintang Capital Partners Berhad (Bintang) has announced its investment under its maiden fund, BCP Asia Fund I L.P (BCPAF I) into Singapore-based waste management firm Blue Planet Environmental Solutions Pte Ltd (Blue Planet) to support the continued growth of its sustainable waste management technologies and capabilities.
UK’s TerraPay receives in-principle approval for an MPI license from MAS
TerraPay, a United Kingdom-based global payments infrastructure company, has secured an in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). With this coveted approval from MAS, TerraPay’s customers and leading global enterprises will be able to access its expansive network, across 120 receive…
MAS commits up to $111M for technology and innovation in financial sector
The Monetary Authority of Singapore (MAS) has on Monday announced that it will commit up to SGD 150 million ($111.47 million) over three years under the renewed Financial Sector Technology and Innovation Scheme (FSTI 3.0). FSTI 3.0 seeks to accelerate and strengthen innovation by supporting projects that involve the use of cutting-edge technologies or with…
CapitaLand Investment launches new business park development fund in India
Singapore-based real estate investment firm CapitaLand Investment Limited (CLI) has launched a business park development fund, CapitaLand India Growth Fund 2 (CIGF2), with a target fund size of SGD 525 million ($390.04 milion) to invest in Grade A business parks in prime locations across gateway cities in India.
Singapore’s Carro achieves best quarterly profitability since inception in the first quarter of FY2024
Carro, the Singapore-based online used car platform, has achieved best quarterly profitability since inception in the first quarter of FY2024. The firm has clocked its highest earnings before interest, taxes, depreciation, and amortization (EBITDA) of over $4 million for the month of June. It has also exceeded profitability targets for the first quarter of…
Gartner survey shows generative AI has become emerging risk for enterprises
The mass availability of generative AI, such as OpenAI’s ChatGPT and Google Bard, became a top concern for enterprise risk executives in the second quarter of 2023, according to Gartner, Inc.
MRANTI launches Malaysia innovation matching platform to propel commercialization rate
The Malaysian Research Accelerator for Technology and Innovation (MRANTI) has on Wednesday announced the launch of the Malaysia Technology Commercialization Platform (MATCH), in a strategic move to provide stronger links for the technology innovation ecosystem.
India’s Credgenics raises $50M in series B funding led by Westbridge Capital, Accel and others
Credgenics, an India-based software as a service (SaaS) based debt collections and resolution technology platform, has raised $50 million in a Series B funding round. The funding was led by Westbridge Capital, Accel, Tanglin Ventures, Beams Fintech Fund and other strategic investors.
Antler appoints serial entrepreneur Frank Kang as Associate Partner and Country Head for Malaysia
Singapore-based venture capital firm Antler has on Wednesday announced the appointment of Frank Kang as Associate Partner for Malaysia. This senior-level appointment further strengthens Antler's commitment to investing in early-stage startups and backing exceptional founders in the region.
Singapore’s Endowus raises $35M funding from UBS, Citi Ventures, MUFG and others
Singapore-based digital wealth platform Endowus has raised $35 million in its latest funding round. The firm said in a statement on Wednesday that new investors include Citi Ventures and MUFG Innovation Partners, as well as four of Asia’s wealthiest families with various operating businesses spanning banking to real estate across Singapore, Southeast Asia,…
