Singapore
CapitaLand Ascendas REIT completes acquisition of fifth data center in the United Kingdom for $147M
CapitaLand Ascendas REIT Management Limited, as the manager of CapitaLand Ascendas REIT (CLAR), has announced the completion of the acquisition of a high-specification Tier III colocation data center facility in the United Kingdom for SGD 200 million ($147.49 million) from an unrelated global data center operator.
Singapore’s Beep raises seed round from GGV Capital and Wing Vasiksiri
Beep, a Singapore-based internet of things (IOT) transaction platform startup has successfully completed its seed round, with GGV Capital and Wing Vasiksiri as the lead investors. The round saw additional participation from NUS Technology Holdings (a fully owned subsidiary of NUS), SUTD Venture Holdings, XANetwork, and other prominent angel investors.
Singapore’s SEA reports higher revenue and profit in the second quarter
Singapore-based tech conglomerate Sea Limited has reported higher revenue and profit in the second quarter, underpinned by improved e-commerce businesses. The group's total revenue for the second quarter rose 5.2 percent year on year to $3.1 billion. It posted a total net income of $331 million in the second quarter, as compared to total net loss of $931.2…
US’s Payoneer secures major payment institution license from Singapore
Payoneer Singapore Private Limited, a subsidiary of United States-listed FinTech firm Payoneer Global Inc., has been granted a major payment institution license from the Monetary Authority of Singapore (MAS). The license will enable the firm to enhance the breadth of its products and roll out several new services in Singapore, especially in the areas of…
Atome renews $100M debt facility with HSBC Singapore for Philippine market expansion
Singapore FinTech firm Atome Financial has on Wednesday announced it has renewed and expanded its $100 million debt facility with HSBC Singapore to include the Philippines market, as well as support new consumer financing products.
Singapore’s multi-currency e-wallet YouTrip launches Apple Pay
Singapore’s multi-currency e-wallet YouTrip has rolled out Apple Pay integration, providing users a more seamless way to pay for in-store purchases, online transactions and public transport.
Singapore’s Play Ventures’ Fund I generates 1.5 times return in less than four years
Singapore-based gaming venture capital firm Play Ventures announced Monday that its debut Fund I has generated a return of 1.5 times to investors in distributed capital (DPI) in less than four years. With 20 companies remaining in the portfolio and six years to go in the fund lifetime, that figure is set to further increase significantly.
MAS finalizes stablecoin regulatory framework
The Monetary Authority of Singapore (MAS) has on Tuesday announced the features of a new regulatory framework that seeks to ensure a high degree of value stability for stablecoins regulated in Singapore. The regulatory framework takes into account feedback received, following an October 2022 public consultation.
Plug and Play partners Enterprise Singapore to launch program to support Singapore startups’ US expansion
United States-based accelerator firm Plug and Play has partnered with Singaporean government agency Enterprise Singapore (EnterpriseSG) to launch of the Global Innovation Alliance (GIA) San Francisco Acceleration Program, providing an opportunity for Singapore startups to explore and expand their products in the dynamic tech hub of San Francisco and the…
Businessman Kiat Lim and footballer Cristiano Ronaldo launch football app for fans to play real time during match
ZujuGP, helmed by Singaporean businessman Kiat Lim and fronted by the Portuguese professional footballer Cristiano Ronaldo, has launched Kickoff by Zuju – a real-time, second-screen fan experience that enables fans to play along during a live football match.
