Singapore
HSBC partners Antler to support the growth of the next generation of entrepreneurs and startups in Singapore
HSBC Singapore has on Wednesday announced at a partnership with Antler, an active early-stage venture capital (VC) firm, to facilitate the growth of Southeast Asian innovation companies and entrepreneurs based in Singapore. This collaboration aims to provide startups and founders that are a part of Antler’s network access to financial expertise and banking…
Sea Limited posts unexpected net loss of $144M in third quarter despite revenue rises
Singapore-based tech conglomerate Sea Limited has posted a total net loss of $144 million in the third quarter, as compared to total net loss of $569.3 million for the third quarter of 2022. The year-on-year improvement of losses was mainly due to higher interest income in the third quarter of 2023.
Singapore cryptocurrency exchange firm Crypto.com gets Dubai license
Singapore cryptocurrency exchange firm Crypto.com announced Tuesday that its Dubai entity, CRO DAX Middle East FZE, has been granted a Virtual Assets Service Provider (VASP) license for specified virtual asset service activities by Dubai’s Virtual Assets Regulatory Authority (VARA).
Grab Holdings President Ming Maa to step down April-end next year
Southeast Asia's superapp Grab Holdings announced Tuesday that its President Ming Maa has decided to step down from the company at the end of April 2024. In the interim until end-April 2024, Maa will focus on his corporate development responsibilities as he transitions away from his role as President.
Singapore’s Augmentus raises $5M in Series A funding led by Sierra Ventures
Augmentus, a Singapore-based firm in no-code robotics software, has successfully raised $5 million in Series-A funding. The round was led by Sierra Ventures, along with Cocoon Capital.
MAS, Temasek Trust collaborate to accelerate growth of FinTech and impact ecosystem
Monetary Authority of Singapore (MAS) and Temasek Trust have collaborated to accelerate growth of FinTech and impact ecosystem. Temasek Trust has signed a letter of intent (LOI) with the MAS to explore a common FinTech and impact investment roadmap, and an interoperable technology framework to facilitate cross-platform collaborations between open…
Singapore’s Wind.App raises $3.8M funding from Global Founders Capital, Spartan Group
Singapore fintech firm Wind.App has announced a successful $3.8 million pre-seed funding round. The round was co-led by Global Founders Capital and Spartan Group, and saw participation from prominent investors, including Saison Capital, Alumni Ventures and Tiny VC.
UNDP, MAS and partners launch Universal Trusted Credentials initiative for MSME financing
The United Nations Development Program (UNDP), the Monetary Authority of Singapore (MAS), Bank of Ghana (BoG), Global Legal Entity Identifier Foundation (GLEIF) and the SME Finance Forum announced Tuesday the launch of an open global initiative – Universal Trusted Credentials (UTC) – to improve micro, small and medium-sized enterprises (MSMEs) access to…
Singapore’s CapitaLand India Trust secures $157M to develop Navi Mumbai data center
Singapore's CapitaLand India Trust (CLINT) has secured a five-year construction loan of INR13 billion ($157 million) from J.P. Morgan India to finance phase 1 development of its data center in Navi Mumbai. Securing this onshore loan in India reflects CLINT’s disciplined capital management through a diversification of its funding sources.
Grab delivers first adjusted profitable quarter as topline continues to grow
Southeast Asia superapp Grab said Thursday it has delivered the first adjusted earnings before interest, taxes, depreciation (EBITDA) profitable quarter as topline continues to grow. The group's adjusted EBITDA turned positive for the first time at $29 million for the third quarter, an improvement of $190 million compared to adjusted losses before interest,…
