Singapore

GXS Bank (GXS) which is backed by a consortium consisting of Grab Holdings (Grab) and Singtel on Wednesday launched Singapore’s first digital bank for consumers and businesses. The bank aims to revolutionise banking services for its customers by leveraging its technological capabilities and the collective power of the GXS, Grab and Singtel ecosystem.

Singaporean FinTech start-up iPiD announced Tuesday a $3.3 million seed funding round by strategic investors Rapyd Ventures, Jungle Ventures, 1982 Ventures, Resolution Ventures, Saison Capital, the XA Network and Wing Vasiksiri.

TripleA, a licensed crypto payment gateway in Singapore, on Tuesday announced the launch of their partnership with Wix, a United States-listed global software as a service (SaaS) platform to create, manage, and grow an online presence.

Singapore FinTech firm Validus and global bank Citibank N.A. (Citi) announced Tuesday the establishment of a $100 million securitisation facility, collateralised by small and medium-sized enterprise (SME) loans originated by Validus in Singapore.

Singapore FinTech firm the Lightnet Group (Lightnet) has secured a $50 million capital commitment from LDA Capital Ltd (LDA) to grow its infrastructure, operations, and expand its technological partner's (Velo Labs Technology) blockchain technology.

Singapore-based FinTech company banco announced Tuesday the successful raise of $6.7 million in Series A funding led by Japan-based leading financial group SBI Group. Sumitomo Mitsui Banking Corporation (SMBC), R3, Savills, KZM & Company, and others also joined the round.

Glints, a Singapore=based end-to-end regional talent ecosystem for career development and recruitment, said Tuesday it has raised $50 million in a Series D oversubscribed round co-led by DCM Ventures, Lavender Hill Capital, and returning investor PERSOL Holdings.

Singapore-headquartered PropTech start-up Propseller announced Tuesday a $12 million Series A funding led by Vertex Ventures Southeast Asia and India. The round saw participation from existing investors Hustle Fund, Iterative, and Rapzo Capital, and new investors Partech, ICCP SBI, Vulpes Ventures and Redbadge Pacific.

Malaysian private equity firm Creador has led a pre-Series A round of $11 million for UnoAsia, operator of Uno Digital Bank, one of only six licensed digital banks in the Philippines.UnoAsia had already raised $33.5 million in pre-seed and seed funding, of which $21 million came from Creador.

Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) announced Monday the commencement of work on a cross-border QR payment linkage between Indonesia and Singapore as part of the ASEAN-wide payments connectivity effort.