News
IIB strengthens GBS Medini partnerships, aiming net zero carbon CBD
Iskandar Investment Berhad (IIB) is strengthening its partnership for Global Business Services (GBS) Iskandar @ Medini, aiming a net zero carbon central business distric (CBD) by 2030.
Singapore’s Chainstack secures strategic investment to accelerate Web3 infrastructure development
Chainstack, Singapore-based Web3 infrastructure providers, has successfully secured a strategic investment from SBI Ven Capital, Sygnum, Azimut Group, Unicorn Factory Ventures, and Ventech Ventures.
Grab reports higher revenue, lower operating loss in first quarter
Singapore-based superapp Grab has reported higher revenue and lower operating loss in the first quarter amid improvement of all segments.
IFC invests $5M in New Sturgeon Capital Fund to support tech startups across Central Asia
To promote digital economies and support the growth of early-stage tech startups in Central Asia, the International Finance Corporation (IFC) will invest up to $5 million in Sturgeon Emerging Opportunities II, LP, a new venture capital fund managed by Sturgeon Capital, a major venture capital investor.
Audax Financial Technology partners Paymentology to provide end to end cards-as-a-service solution
Paymentology, a next-gen global issuer-processor, has on Wednesday announced a strategic partnership with audax Financial Technology (audax), a Singapore-based digital banking technology solutions provider backed by Standard Chartered Ventures, to provide end to end cards-as-a-service (CaaS) solution.
Singapore’s SQREEM acquires TotallyAwesome to boost youth marketing
Singapore-headquartered SQREEM Technologies, an artificial intelligence (AI) and digital behavior aggregator, has announced its definitive acquisition of Singapore’s TotallyAwesome, the contextual digital advertising platform specializing in youth marketing in the Asia-Pacific region.
Singapore’s Allozymes raises $15M in Series A funding led by Seventure Partners, Xora Innovation
Allozymes, a Singapore-based innovator in enzyme discovery and engineering, has on Monday announced the closing of a $15 million Series A funding round led by Seventure Partners of France and Xora Innovation of Singapore.
Sea’s revenue up 22.8 percent year on year in first quarter
Southeast Asian technology firm Sea saw its total revenue rise 22.8 percent year on year to $3.7 billion in the first quarter.
IFC and EU partners with Commercial Bank of Ceylon to scale up green finance in Sri Lanka
In a move to spur sustainable investments in Sri Lanka, the International Finance Corporation (IFC) and the European Union (EU) have partnered with the Commercial Bank of Ceylon (CBC) to scale up green finance, supporting the country's commitments towards a low-carbon economy.
Uber Eats to acquire Delivery Hero’s foodpanda delivery business in Taiwan for $950M
Uber Technologies, Inc. and Delivery Hero SE have reached an agreement for Uber to acquire Delivery Hero’s foodpanda delivery business in Taiwan for $950 million in cash.
