Singapore

EDBI’s CEO and President Chu Swee Yeok steps down to set up new fund

EDBI, the investment arm of Singapore Economic Development Board (EDB), has on Monday announced that Chu Swee Yeok is stepping down from her current role as Chief Executive Officer and President of the company, effective from February 1, 2023.

Singapore’s ComfortDelGro partners Indonesia’s Gojek to tackle transport industry issues

Singapore-based taxi operator ComfortDelGro and Indonesia-based on-demand mobile platform Gojek are coming together to jointly explore ways to address key issues affecting the point-to-point transport industry, including driver shortage.

The GrowHub partners ManukaLife to distribute honey products in Southeast Asia, China, helped by Web3 tech

Singapore’s one-stop farm-to-table solution for food traceability and data analytics The GrowHub Innovations Company (The GrowHub) has on Friday announced its strategic partnership with ManukaLife, a Western Australia’s high-grade manuka plantation developer and producer of premium-grade manuka products. The GrowHub will be ManukaLife’s appointed…

Singapore Blockchain Innovation Program launches hackathon to accelerate blockchain adoption

S$80,000 in prizes for the nation's best hackers to bring their blockchain innovation to life.

South Korea’s Paycoin partners Singapore’s TripleA for global crypto payments

Paycoin, a crypto payments company based in South Korea, has kickstarted its expansion into the global crypto payments market through a partnership with Singapore-based crypto payment firm TripleA. Payprotocol AG, the issuer of Paycoin (PCI) has on Friday announced a memorandum of understanding (MOU) with TripleA, to collaborate on building a global crypto…

Experian appointed to operate Singapore’s BNPL bureau

Experian, a leading global information services company, has announced its official appointment by the Singapore FinTech Association (SFA) and the Buy Now, Pay Later (BNPL) Working Group as the bureau operator for Singapore’s BNPL Working Group. The appointment involves Experian’s leading global expertise to operate the BNPL bureau in Singapore with all…

Singapore’s NOVI Health raises $5M in Series A round led by Monk’s Hill Ventures

NOVI Health, a Singapore-based provider of technology-enabled chronic disease and preventive healthcare, announced Thursday the closing ofits Series A fundraising, securing $5 million, led by Monk’s Hill Ventures. The funding will be used to accelerate hiring for its technology, growth, and product teams, while also investing further in its…

DBS becomes first bank in Asia to complete intraday repurchase transaction on a blockchain based network

Singapore-based bank DBS announced Wednesday that it has become the first bank in Asia to complete an intraday repurchase transaction on J.P. Morgan’s intraday repurchase application on Onyx Digital Assets, a blockchain based network which supports instant settlements and maturity of the transactions within hours instead of the current industry norm of one…

Singapore-based climate tech start-up URECA closes Pre-Seed funding round at $1.5M

URECA, a Singapore-headquartered climate tech company, has announced on Tuesday the close of its pre-seed fundraising round at $1.5 million, exceeding the company’s original target to raise $1 million. This funding will be used to scale URECA’s operations across Southeast Asia and to accelerate the launch of its unique marketplace that enables people to…

Yangzijiang Financial partners Heliconia Capital to launch $109M fund to invest in Southeast Asian SMEs

Singapore-listed financial firm Yangzijiang Financial Holding Ltd, has partnered with Temasek-backed investment firm Heliconia Capital Management Pte. Ltd. (Heliconia), to launch S$150 million ($109 million) fund to invest in promising small and medium enterprises (SMEs) in Singapore and other Southeast Asian countries.