Singapore

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.

Stripe: digital trade is reshaping opportunities for Singaporean businesses in the global economy

Digital trade is reshaping opportunities for Singaporean businesses in the global economy, said Stripe Friday. Its report found that consumers and businesses are optimistic about the globalized economy, with businesses looking to expand into new international markets, and consumers increasingly willing to purchase cross-border goods and services online.

Malaysia’s Bintang Capital invests in Singaporean integrated waste management firm Blue Planet

Bintang Capital Partners Berhad (Bintang) has announced its investment under its maiden fund, BCP Asia Fund I L.P (BCPAF I) into Singapore-based waste management firm Blue Planet Environmental Solutions Pte Ltd (Blue Planet) to support the continued growth of its sustainable waste management technologies and capabilities.

UK’s TerraPay receives in-principle approval for an MPI license from MAS

TerraPay, a United Kingdom-based global payments infrastructure company, has secured an in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). With this coveted approval from MAS, TerraPay’s customers and leading global enterprises will be able to access its expansive network, across 120 receive…

MAS commits up to $111M for technology and innovation in financial sector

The Monetary Authority of Singapore (MAS) has on Monday announced that it will commit up to SGD 150 million ($111.47 million) over three years under the renewed Financial Sector Technology and Innovation Scheme (FSTI 3.0). FSTI 3.0 seeks to accelerate and strengthen innovation by supporting projects that involve the use of cutting-edge technologies or with…

Singapore’s Carro achieves best quarterly profitability since inception in the first quarter of FY2024

Carro, the Singapore-based online used car platform, has achieved best quarterly profitability since inception in the first quarter of FY2024. The firm has clocked its highest earnings before interest, taxes, depreciation, and amortization (EBITDA) of over $4 million for the month of June. It has also exceeded profitability targets for the first quarter of…

Singapore’s Endowus raises $35M funding from UBS, Citi Ventures, MUFG and others

Singapore-based digital wealth platform Endowus has raised $35 million in its latest funding round. The firm said in a statement on Wednesday that new investors include Citi Ventures and MUFG Innovation Partners, as well as four of Asia’s wealthiest families with various operating businesses spanning banking to real estate across Singapore, Southeast Asia,…

FOMO acquires Singapore financial institutions CapBridge, 1exchange to expand into capital markets

FOMO Group, a Singapore-based financial holding group, has on Monday announced that it has completed the acquisition of CapBridge Pte Ltd (CapBridge), a capital markets service and asset custody firm, and 1X Exchange Pte Ltd (1exchange), a private securities exchange company.

Singapore Red Cross partners with Triple-A to accept cryptocurrency donations

Singapore homegrown humanitarian organization Singapore Red Cross has partnered with crypto payment gateway Triple-A to include cryptocurrency as a newly-accepted form of donation. With Triple-A's white-label crypto payment solutions, the Singapore Red Cross can now receive cryptocurrency donations from supporters, to deliver humanitarian services to uplift…