Singapore

Malaysia’s Creador backs Philippine digital bank operator UnoAsia

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.

Indonesia and Singapore to pursue cross-border QR code payments connectivity

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.

ADDX launches cash management solution with OCBC Group’s Lion Global Investors

Singapore-based private market exchange ADDX has launched a cash management tool that allows investors with excess funds in their wallets to earn interest, instead of letting their cash sit idle. Named ADDX Earn, the solution aims to withstand short-term volatility while preserving capital.

Singapore’s SolanaFM completes strategic seed funding round raising $4.5M

Singapore-based crypto firm SolanaFM announced Thursday that it has secured $4.5 million in a seed funding round led by SBI Group's Digital Asset Opportunity Fund. The seed funding round that was spearheaded by SBI Group's Digital Asset Opportunity Fund attracted the participation of top venture capital firms including Zee Prime, Spartan Group, Mirana…

PropertyGuru’s 2Q revenue rises 44 percent as all business segments grow

Singapore-based proptech firm PropertyGuru saw its revenue for the second quarter ended June 30 rose 43.6 percent to S$33.03 million ($23.74 million) from $23 million ($16.53 million) a year ago, underpinned by growth across all markets and business segments.

Grab’s 2Q revenue rises 79 percent on higher mobility and deliveries contribution

Southeast Asia’s super app Grab announced Thursday that its revenue surged 79 percent year on year to a record high of $321 million, driven by strong growth in mobility and deliveries revenue, including contributions from its recently-acquired Malaysian retail chain Jaya Grocer.

Singapore’s Genesis Alternative Ventures launches $150M second venture debt fund

Following the success of its debut $90 million fund in 2019, Singapore-based venture capital firm Genesis Alternative Ventures has launched its second venture debt fund to raise $150 million to finance start-ups across Southeast Asia. Almost half the fund was raised at first close earlier this month.

Singapore’s AnyMind connects TikTok Shop and Yahoo! Japan’s shopping platforms to AnyX

AnyMind Group, a Singapore-based end-to-end commerce enablement company, announced Wednesday that e-commerce marketplaces TikTok Shop, Yahoo! Japan Shopping and PayPay Mall are now connected to the company’s e-commerce management platform, AnyX, enabling businesses and online merchants to improve cross-channel operational efficiency on even more e-commerce…

Google announces multiple initiatives across skilling, AI and sustainability in Singapore

Google on Tuesday announced multiple initiatives across skilling, artificial intelligence (AI) and sustainability as it deepens its commitment to Singapore after 15 years.

BHEX.SG gets greenlight to offer crypto services in Singapore

Singapore-based crypto exchange BHEX.SG has received the Standard Payment Institution licence from the Monetary Authority of Singapore (MAS), which will enable the firm to offer digital payment token (DPT) services to customers in Singapore.