Singapore
Digital economy will reach $263B in GMV next year, says report
Google, Temasek, and Bain & Company have projected that the digital economy in Southeast Asia (SEA) will reach $263 billion in gross merchandise value (GMV) in 2024, a 15 percent increase over last year.
Funding Societies secures third credit facility with HSBC to extend access to MSMEs in Southeast Asia
Funding Societies, the Singapore-based unified digital finance platform for micro, small and medium enterprises (MSMEs) has on Tuesday announced signing the third credit facility with HSBC under its ASEAN Growth Fund.
Wavemaker Impact launches Numat with $525,000 investment to drive sustainable bamboo processing
Singapore-based climate tech venture builder Wavemaker Impact has launched Numat, a new venture focused on transforming bamboo processing with sustainable practices.
MAS announces plans to support commercialization of asset tokenization
The Monetary Authority of Singapore (MAS) has on Monday announced plans to advance tokenization in financial services.
Australian fintech firm Bizcap expands into Singapore
Bizcap, an Australia-headquartered fintech firm, has on Monday announced its expansion plans into Singapore, along with the appointment of Joseph Lim as Asia Managing Partner.
Singapore’s BuzzAR raises $1.16M from HSBC to boost Saudi tourism
BuzzAR, a Singapore-based mixed reality and artificial intelligence (AI) company, has raised $1.16 million from HSBC Revolving Credit Facilities.
MAS announces establishment of Global Finance & Technology Network for next phase of FinTech growth
MAS announced Wednesday the establishment of the Global Finance &Technology Network (GFTN) to further strengthen Singapore as a global FinTech hub and enhance global connectivity for impactful innovation in financial services.
NUS & NTU to launch $37.8M startup incubator program
The new program will be a comprehensive incubator program designed to bridge the gap between scientific research and market application. It will support startup teams by helping them refine their initial ideas, validate market needs, and design robust business models through a structured program framework.
US-based cybersecurity firm Armis raises $200M at $4.2B valuation, eyes IPO
Armis’ latest funding round was led by both top-tier investors General Catalyst and Alkeon Capital, along with existing investors Brookfield Growth and Georgian.
Singapore’s Supermom secures $14M Series B funding from AC Ventures, Granite Asia, Hearst Ventures & Qualgro
The funding arrives less than two years after Supermom’s Series A round of S$8 million in December 2022, led by Qualgro, affirming Supermom's role as an innovator leveraging AI and data to create value for families and consumer brands, the company said in a statement on Monday.
