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FTAG Ventures has spearheaded a S$6 million ($4.45 million) bridge funding round for BeLive Technology, a Singapore-based livestreaming solutions firm aiming to expand its presence globally by establishing partnerships with e-commerce giants, apps and brands. This development follows news last year when FTAG Ventures announced that it had acquired a…

Sesto Robotics has raised $5.7 million funding from institutional investors TRIVE, German-based World Trading Inovation WTI GmbH and SEEDS Capital. It will be utilizing the funds raised for enhancing its capability to support overseas partners and to invest in digital marketing. In addition, the company will continue to invest in the development of its…

AirAsia triggered the financial distress criteria, known as PN17 back in July 2020. This came after its external auditor flagged significant uncertainties that cast doubt on its ability to continue as a going concern.

Global Processing Services (GPS) has upsized funding round by approximately $100 million with participation of Temasek and MissionOG. This brings the total amount raised in its latest round to $400 million. Advent International and Viking Global co-led the previous $300 million round.

Pluang has raised $55 million in a funding round led by Accel, with participation from Openspace. It plans to use the additional funding to further build out its technology capabilities and expand its asset classes. The company also plans to expand the availability of its app and services throughout key additional international markets. This expansion is…

Validus Vietnam, the Vietnam entity of Singapore-based small and medium enterprises (SME) growth financing platform Validus, TTC Group, a multi-industry conglomerate in Vietnam and Indochina, and Do Ventures, an early-stage venture investment fund in Vietnam announced Friday a joint venture (JV) to drive financial inclusion and empower the growth of…

Soft Space Sdn Bhd announced a new strategic partnership with Japanese international payment brand, JCB Co. Ltd. This strategic partnership is the first of its kind in Malaysia for the payment gian. It involves a combination of $5 million investment in Soft Space and a series of business collaborations that are aimed at capitalising on Soft Space's…

F10 will partner with Klaytn Foundation to launch an Incubation Program in Singapore. The program will support early-stage startups built on Klaytn, a blockchain platform developed by internet giant Kakao Corp. The 3-month program kicks off in April 2022 and will enable entrepreneurs to develop ideas or minimal viable products (MVPs) into scalable…

Thunes plans to significantly accelerate the expansion of its operations in Greater China, spanning mainland China, Hong Kong, Taiwan, and Macau. This news follows the recent appointment of Daphne Huang, Senior Vice President (SVP) for Greater China, who will leverage her deep market expertise to spearhead Thunes' growth strategy.

Airwallex announced Thursday its official launch in Singapore, following its grant of a Major Payment Institution (MPI) license by the Monetary Authority of Singapore and a beta launch in November last year. Singapore businesses can now benefit from Airwallex’s suite of global payments services including global account issuance, domestic and cross-border…