SC Ventures partners NEXT176 to launch wealth platform

SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, and NEXT176, the venture building and investment arm of Old Mutual, a Pan-African financial services group, have joined forces to launch an inclusive financial wellness platform.

Shopee doubles down on operational and logistics investments in Malaysia

Shopee, the Singapore-based e-commerce platform, is doubling down on operational and logistics investments in Malaysia as it maintains its #1 marketplace position by average monthly active users and total time spent in-app.

Singapore climate tech startup WasteX gets $450,000 from P4G Partnerships

WasteX, a Singapore-based climate tech company operating in Indonesia and the Philippines, has secured $450,000 in funds from P4G Partnerships, an initiative that helps businesses working on climate mitigation and adaptation solutions in food, water, and energy.

Carousell acquires Singapore’s luxury bag reseller LuxLexicon

Carousell Group, a multi-category platform for secondhand in Greater Southeast Asia, has acquired the business of Singapore’s luxury bag reseller and authenticated luxury consignment platform LuxLexicon.

MAS launches COSMIC to strengthen financial system’s defence against money laundering, terrorism financing

The Monetary Authority of Singapore (MAS) has on Monday launched COSMIC, the first centralized digital platform to facilitate sharing of customer information among financial institutions (FIs) to combat money laundering (ML), terrorism financing (TF) and proliferation financing (PF) globally.

Tin Men Capital leads $2.7M Pre-Series A round investment in Singapore’s Ailytics

Ailytics, a Singapore-based business to business (B2B) heavy industry software startup, has successfully secured its oversubscribed Pre-A funding of $2.7 milllion, led by Singapore-based venture capital firm, Tin Men Capital.

GGV Capital Asia rebrands as Granite Asia

GGV Capital, a global venture firm, has rebranded its Asian operations as Granite Asia, reflecting the plan to become the region’s leading multi-asset investment platform.

Capital A’s digital arm forms strategic partnership with Ant International

The partnership covers various areas, exploring to integrate more payment methods and providing acquiring services to Capital A’s platforms, work on digital marketing and sponsorship opportunities to drive business growth, and to cooperate in enhancing access to sustainable finance while transitioning to a low carbon economy for the Micro, Small & Medium…

MetaPals partners WildBrain to launch Teletubbies AI digital companions

MetaPals, a Singapore-based artificial intelligence (AI) digital companion platform, is partnering with global amination studio WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on April 20, 2024.

Singapore’s StealthMole bags $7M in Series A funding round led by Korea Investment Partners

StealthMole, a Singapore-based cybersecurity firm, has bagged $7 million in a Series A funding round led by Korea Investment Partners (KIP). The round was also joined by Hibiscus Fund, a multinational joint venture between RHL Ventures, Penjana Kapital, and KB Investment) and Smilegate Investment.