Singapore

Sunday Ins Holding, a Singapore-based regional full-stackinsurtech group, has completed the acquisition of PT KSK Insurance Indonesia in January. The deal makes the firm as one of the largest insurtech groups fully licensed in the two largest general insurance markets in the region with revenue surpassing $100 million.

Wise, the global financial technology company, has on Thursday announced the expansion of its Singapore office, key leadership hires, and product innovations, reinforcing its commitment to Singapore.

Currencycloud, a United Kingdom-based Visa solution and the experts in simplifying business in a multi-currency world, has obtained an In-Principle Approval (IPA) for a Major Payment Institution (MPI) license holder from the Monetary Authority of Singapore (MAS). The license will allow Currencycloud to provide a full suite of intra-regional and…

Thyrve.Earth, a Singapore-based technology-enabled project developer conserving and restoring nature, has on Wednesday announced a $2.6 million investment in a round led by a prominent regional venture capital firm, Openspace. The round also attracted participation from existing investors, Capital Code, and key strategic angels.

Singapore-based tech startup Ai Palette has secured a total of $5.8 million in a Series A1 funding round. Tin Men Capital, a Singapore-based venture capital firm with a focus on business to business (B2B) software startups, has announced a $4 million investment in the company.

BW Digital, a member of BW Group and headquartered in Singapore, and Citramas Group, an Indonesia-based conglomerate, have on Monday announced the signing of a memorandum of understanding (MoU) for the joint development of a carrier-neutral digital ecosystem in Batam’s Nongsa Digital Park (NDP), Indonesia.

Singapore-based tech conglomerate Sea Limited has achieved its first full year of annual profit in 2023 since its initial public offering (IPO). The firm posted a net income of $162.7 million in 2023, as compared to total net loss of $1.7 billion in 2022.

A global study by MIT Technology Review Insights (MITTR) has found that while most businesses are seeking to disrupt their industries using generative artificial intelligence (AI), only a small proportion believe they have the right level of technology and other attributes such as funding, culture and skills to support its rapid adoption.

EduSpaze, Singapore’s leading edtech accelerator, has on Tuesday welcomed six early-stage startups across the region into its well-established three-month accelerator program. The six startups, including YAHO Lab, Edvance, Quippy, School on Cloud, Safe Space, and Salatech, were selected.

Singapore-based PropTech company PropertyGuru has reported net profit of SGD 1 million ($740,000) in the fourth quarter ended December 31, 2023 amid higher revenue, as compared to a net loss of SGD 5 million ($3.72m) a year ago.