Grab reports first quarterly profit; to buy back shares

Southeast Asia superapp Grab Holdings Limited has posted a profit of $11 million in the fourth quarter ended December 31, 2023, compared to a net loss of $391 million in the prior year period. The achievement was primarily due to the improvement in group adjusted EBITDA, fair value changes in investments, and lowered share-based compensation expenses.

Singapore coffee startup Prefer raises $2M in seed funding led by Forge Ventures

Singapore-based Prefer’s bean-free coffee has raised a $2 million seed round to secure global coffee supply. The firm said in a statement on Thursday that Forge Ventures led the round with participation from 500 Global, A*ccelerate, Better Bite Ventures, Sopoong Ventures, SEEDS Capital, Entrepreneur First and Pickup Coffee.

Helicap partners Bank Danamon to support alternative lending in Indonesia

Singaporean finTech firm Helicap Pte Ltd and Indonesian lender PT Bank Danamon Indonesia Tbk (Danamon) have on Thursday announced a strategic partnership to support fintech and alternative lending industry in Indonesia.

brown train vehicle machine

Budget 2024: Singapore’s AI ambitions reveal untackled challenges for adoption

Businesses will be compelled to act immediately to integrate their current business processes and capture the benefits that #AI and other innovations can bring. But to secure the required investment, whether internally or externally, and to produce intelligent business outcomes – it will take careful consideration and a methodical strategy.

US’s Aptar Digital Health acquires Singapore healthcare firm Healint

Aptar Digital Health, a global digital health solutions provider, has on Wednesday announced that it has acquired Healint, a Singapore-based digital health company. The acquisition of Healint aligns with Aptar Digital Health strategy to broaden its portfolio in neurology and strengthen its global footprint for digital health deployment.

Singapore’s Novosol bolsters expansion plans with additional Series B funding

Novosol, a Singapore-based mobile advertising technology player, has successfully raised total Series B funding to over $10 million via Singapore and the United Kingdom Family Offices. This significant investment will support Novosol's expansion plans in key markets across the Middle East and South Asia, which include Vietnam, Thailand, and others.

Singapore’s Blockhead secures funding led by Franklin Templeton

Blockhead, a Singapore-based digital assets media publication, has announced the successful completion of its investment round. The investment is led by Franklin Templeton, one of the largest global asset managers.

UNOAsia secures $32.1M pre-series B funding for expansion in Philippines

Singapore-headquartered fintech firm UNOAsia Pte Ltd has raised $32.1 million in a pre-Series B round to propel its mission to reshape the future of banking in the Philippines. This funding round represents a blend of equity and debt, which augurs well for UNOAsia as it seeks to solidify UNO Digital Bank’s presence in the Philippines and to accelerate its…

Aerodyne partners DroneDash Technologies to introduce cross-border drone delivery services between Malaysia and Singapore

Aerodyne Group, a drone-based enterprise solutions provider headquartered in Malaysia, has on Wednesday inked an agreement with DroneDash Technologies (DroneDash), an air mobility company headquartered in Singapore, to introduce cross-border drone delivery services between Malaysia and Singapore.

NEXTGEN and Claroty team up with new distribution agreement

Singapore-based technology services firm NEXTGEN Group Asia and United States-based cyber-physical systems (CPS) protection company Claroty have announced a new distribution partnership extending across Singapore, Indonesia, and Philippines.