Singapore

Nium, the Singapore-based real-time cross-border payments, has on Wednesday announced it has raised $50 million in a Series E funding round. The round was led by a sovereign wealth fund in Southeast Asia and values the company at $1.4 billion post-money

Remote, the global human resource (HR) platform for distributed companies, has selected Nium, the Singapore-based real-time cross-border payments platform, to enhance its international payroll capabilities.

Singapore construction companies are planning to expand their use of digital technologies and are investing more than 20 percent of their expenditure into these digitalization efforts, a report said Tuesday.

International Payment Identity (iPiD), a Singapore-based fintech firm, announced Wednesday it has secured $5.3 million in a Pre-Series A funding round. This oversubscribed round was led by early stage tech-focused venture capital firm, Monk’s Hill Ventures.

Google has on Monday announced the completion of its latest data center and cloud region campus expansion in Singapore. This milestone brings the company’s total investments in technical infrastructure in the country to $5 billion, up from $850 million in 2018.

Singapore has launched AI Verify- Project Moonshot, a testing toolkit designed to address security and safety challenges often associated with the use of large language models (LLMs), the cornerstone of many AI-driven solutions.

Triple-A, the Singapore-based digital currency financial institution, has announced it will incorporate PayPal USD (PYUSD) into its payment services, allowing clients to accept the stablecoin as a payment method, and to facilitate cross-border payments using the stablecoin.

Marketnode, a Singapore-based digital market infrastructure operator, has on Thursday announced the successful first close of its Series A investment round led by HSBC alongside contributions from existing shareholder Temasek.

Singapore’s Deputy Prime Minister and Chairman of the National Research Foundation (NRF) Heng Swee Keat, has on Thursday outlined an investment of close to SGD 300 million ($222 million) into Singapore’s National Quantum Strategy (NQS) to advance Singapore’s growing Quantum industry.

Grab, a leading superapp in Southeast Asia, and OpenAI, an American artificial intelligence research organization, have on Thursday announced they will collaborate to build and deploy advanced artificial intelligence (AI) solutions that enrich the Grab experience for users, partners, and employees.