On location
Singapore game developer Foonie Magus raises over $17M for NFT game Apeiron
Singapore-based game developer Foonie Magus said Monday it has raised over $17 million at the close of its seed round for the new play-and-earn non-fungible token (NFT) game Apeiron. According to the company,m $3 million came from preseed, $10 million from seed, and a further $4.5 million from the first round of NFT sales.
Singapore eCommerce checkout solution Arrow raises $4.8M seed funding led by Sequoia Capital India
Arrow, a Singapore-based eCommerce checkout solution, announced Tuesday a $4.8 million seed fundraise led by Sequoia Capital India and supported by Alpha JWC and Guillaume Pousaz’s Zinal Growth. High-profile angel investors such as Ooi Huey Tyng (current board member at AIG and Maxis), Steve Vickers (Chief Operating Officer at Paysend), and Hassan Ahmed…
Singapore FinTech firm Nium to acquire alternative payments network platform Socash
Nium, a Singapore-based platform for modern money movement, announced Tuesday a definitive agreement to acquire Socash, a Singapore-based alternative payments network platform. The acquisition provides Nium with the team and technology to enable multiple forms of local payment acceptance for digital commerce, especially in emerging markets.
Singapore’s Venturi Partners hits final close of $175M in maiden fund
Venturi Partners, a Singapore-based investment platform that empowers audacious brands in India and Southeast Asia, announced Tuesday that its maiden fund has hit its final close of $175 million. The platform has raised commitments from large European Union and Asian family offices, such as Peugeot Invest, Ackermans & Van Haaren and Frederic De Mevius,…
Funding Societies co-invests with Carro in Indonesia’s Bank Index
Funding Societies (also known as Modalku in Indonesia), a Singapore-based small and medium enterprises (SME) digital financing platform, on Tuesday officially announced its investment into Bank Index (PT. Bank Index Selindo), an Indonesian national Bank, alongside Carro, a Southeast Asian automotive marketplace platform.
The Sandbox expands cultural hub in the metaverse with major Hong Kong partners unveiled in Mega City 2
The Sandbox, a decentralized gaming virtual world and subsidiary of Hong Kong's Animoca Brands, announced Monday a series of new partners for Mega City 2, the second phase of Hong Kong’s vibrant cultural hub in the metaverse. To celebrate these partnerships, The Sandbox will launch a new LAND sale on April 28, 2022, which will allow players to buy LANDs and…
WeLab Bank becomes Hong Kong’s first virtual bank to offer digital wealth advisory solutions
WeLab Bank, the virtual bank of Hong Kong's FinTech firm WeLab Holdings Limited (WeLab), said Monday it has become the first virtual bank in Hong Kong licensed to offer digital wealth advisory services. Having obtained the Type 1 (dealing in securities) and Type 4 (advising on securities) licenses from the Hong Kong Securities and Futures Commission…
Al Rajhi Bank Malaysia selects Singapore’s Moneythor as a strategic partner for personal finance management features
Al Rajhi Bank Malaysia (ARBM), a subsidiary of Al Rajhi Bank of the Kingdom of Saudi Arabia (KSA), said Monday it has selected Moneythor, a digital banking solution provider in Singapore, to implement innovative personal financial management (PFM) features in its upcoming digital bank in Malaysia.
Regal Hotels enters the metaverse with MetaGreen, the first green metropolis in The Sandbox
Hong Kong's Regal Hotels Group announced Monday its entrance into the metaverse with MetaGreen, a project to develop an environmental, social, and governance (ESG) themed plot of "LAND" in The Sandbox, a decentralised gaming virtual world and subsidiary of Hong Kong's Animoca Brands.
