Singapore

HeLa Labs, a Singapore-based hi-tech company, has on Tuesday announced the official launch of a next-generation layer one blockchain network with privacy-preserving and consensus protocols for real-world adoption.

2C2P, a Singapore-based global payments platform, has on Wednesday announced that it has appointed three new senior executives to drive further expansion and enhance its service delivery, solidifying its commitment to excellence in the ever-evolving payments landscape.

Ripple, the United States-based enterprise blockchain and crypto solutions provider, announced Tuesday that its Singapore subsidiary Ripple Markets APAC Pte Ltd has secured its Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS). The issuance of Ripple’s MPI license for digital payment tokens (DPTs) follows the MAS’…

Momentum Works, a venture outfit, estimated Foodpanda's Southeast Asia GMV at $3.1 billion in 2022. According to the same report, Foodpanda ranked second by market share in Singapore, Malaysia and the Philippines, and third in Thailand in 2022.

Vertex Technology Acquisition Corporation Ltd (VTAC), a special purpose acquisition company (SPAC) based in Singapore, will buy streaming platform 17LIVE Holding Limited for SGD 925.1 million ($675.35m). The pro forma equity value of the proposed business combination is up to SGD 1,161 million ($847.56m).

While Singapore and Hong Kong are seen as global epicenters for technology and finance, RFI Global said that Singapore has seen more rapid growth in the percentage of heavy digital users.

InterContinental Energy, a Singapore-based company committed to delivering green hydrogen at scale, has raised $115 million in equity investment. The firm announced its next phase of growth following continued strategic equity investment from GIC, a global institutional investor, and a new investment from Hy24, the world’s largest clean hydrogen pureplay…

Ant Group, an affiliate company of the Chinese conglomerate Alibaba Group, has on Thursday unveiled its new Singapore office as home to its various international business and technology segments, including Ant International.

Roojai, a Thailand-based online insurance company, has on Wednesday announced that it has completed the acquisition of Singapore-based insurance firm DirectAsia group. Roojai has entered into an agreement to acquire DirectAsia group from Hiscox.

Temasek-backed unit True Light Capital Pte. Ltd. (True Light) has on Thursday announced the final closing of its first flagship fund, True Light Fund I. The fund was closed at $3.3 billion, with capital commitments from global investors, including sovereign wealth funds, foundations, financial institutions, and family offices.