Singapore
Sea Limited net loss widens in second quarter
Singapore-based consumer internet firm Sea Limited said Tuesday that its net loss in the second quarter has widened to $931.2 million from $433.7 million a year ago, amid higher expenses.
Singapore’s TotallyAwesome raises $10M seed round from Partners For Growth and Yefira Group
TotallyAwesome, a Singapore-based digital advertising network for kids, teens, and families, announced Tuesday it has raised $10 million (debt and equity combined) seed funding from leading San Francisco based Partners For Growth (PFG) and Singapore based boutique investment growth advisory firm Yefira Group specialising in adtech investment consulting.
Funding Societies launches enhanced SME-focused term financing BizFund
Funding Societies, the largest small and medium-sized enterprises (SME) digital financing platform in Malaysia and Southeast Asia, announced Monday its latest enhanced product BizFund, to support creditworthy underserved Malaysian SMEs returning to their full economic potential as markets recover following the outbreak of the Covid-19 pandemic.
Grab launches GrabScholar Program and GrabMerchant Center in Singapore
Grab, Southeast Asia’s leading superapp, announced Thursday two new initiatives to drive inclusive growth in Southeast Asia at the official opening of its Headquarters @ Singapore. The new initiatives include a $1 million GrabScholar Programme to disburse scholarships and bursaries to students across Southeast Asia, and a new GrabMerchant Centre to help…
Atome Financial, HSBC Singapore seal $100M debt facility
Singapore-based FinTech firm Atome Financial announced Thursday it has entered into an $100 million debt facility with HSBC Singapore to supercharge Atome Financial’s flexible deferred payments business across Asia
Brazil’s Votorantim and Singapore’s Temasek launch new $700M fund to invest in Brazil
Brazil-based investment firm Votorantim and Singapore state investor Temasek announced Wednesday a strategic partnership to explore new investment opportunities in growth capital in various sectors of the Brazilian economy. By the terms of the agreement, Votorantim and Temasek will be partners in a new investment fund, in which both parties have committed…
Singapore’s Thunes expands into Saudi Arabia
Thunes, a Singapore-based cross-border payments company, announced Wednesday that it is accelerating the expansion of its services in the Middle East and North Africa (MENA) region, setting up an office in the Kingdom of Saudi Arabia, and appointing a new country head – Ahmad Yaacoub.
NTU Singapore and RGE launch $4.4M joint research centre to tackle textile waste
Nanyang Technological University, Singapore (NTU Singapore) and Royal Golden Eagle (RGE), a global resources-based manufacturing group, on Thursday launched the S$6 million ($4.36 million) joint research centre to accelerate innovation in textile recycling and translate research outcomes into practical solutions that can be deployed in urban settings like…
