Singapore

Singapore-based private equity firm Tower Capital Asia has on Tuesday concluded the final closing of its maiden blind-pool private equity vehicle, TOWER CAPITAL PE FUND I, LP. A total of $379 million has been raised from pre-eminent institutional investors and family offices globally, surpassing the Firm’s original target of $300 million.

Singapore-based used car marketplace Carro on Tuesday announced its expansion into Japan through a joint venture with SoftBank Corporation (SoftBank). As part of its entry, CARRO JAPAN Co., Ltd. (CARRO JAPAN) aims to introduce its full suite of services, such as subscription-based services and car leasing.

Weixin Pay, the mobile payment function of Tencent's popular social platform Weixin, has increased access for Weixin Pay travellers exploring Singapore to the nation’s unique hawker culture, offering them the ease of payment to nearly 10,000 hawker stalls across the country.

Singapore-based agri-biotech company Nutrition Technologies has on Monday completed an equity venture round of $20 million led by PTT Ventures. The round was supported by Sumitomo Corporation, ING Sustainable Investments, Mandala Capital.

The Monetary Authority of Singapore (MAS) and the International Financial Services Centres Authority (IFSCA) on Monday signed a FinTech co-operation agreement (CA) to facilitate regulatory collaboration and partnership in FinTech. MAS and IFSCA will leverage existing regulatory sandboxes in their respective jurisdictions to support experimentation of…

The company’s main objective for the next 12 to 18 months is to achieve positive cash flow as soon as possible.

Glife Technologies (Glife), a Singapore-headquartered digital business-to-business (B2B) food and agritech company, has announced a $3 million Series A follow-on funding to further support their operations across the Southeast Asia region.

Singapore and Indonesia-based digital financial services group Fazz (previously known as Fazz Financial Group), announced Wednesday a $100 million Series C funding round. This consists of $75 million in equity, which includes investment from existing investors such as Tiger Global, DST Investment, B Capital, Insignia Ventures Partners and ACE & Company.

The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX Group) on Monday jointly launched ESGenome, a digital disclosure portal for companies to report environmental, social and governance (ESG) data in a structured and efficient manner, and for investors to access such data in a consistent and comparable format.

Singapore digital bank Trust announced Tuesday that its community of customers has reached 100,000 following its launch on 1 September.