Singapore

Carousell Group, a multi-category platform for secondhand in Greater Southeast Asia, has acquired the business of Singapore’s luxury bag reseller and authenticated luxury consignment platform LuxLexicon.

The Monetary Authority of Singapore (MAS) has on Monday launched COSMIC, the first centralized digital platform to facilitate sharing of customer information among financial institutions (FIs) to combat money laundering (ML), terrorism financing (TF) and proliferation financing (PF) globally.

Ailytics, a Singapore-based business to business (B2B) heavy industry software startup, has successfully secured its oversubscribed Pre-A funding of $2.7 milllion, led by Singapore-based venture capital firm, Tin Men Capital.

GGV Capital, a global venture firm, has rebranded its Asian operations as Granite Asia, reflecting the plan to become the region’s leading multi-asset investment platform.

The partnership covers various areas, exploring to integrate more payment methods and providing acquiring services to Capital A’s platforms, work on digital marketing and sponsorship opportunities to drive business growth, and to cooperate in enhancing access to sustainable finance while transitioning to a low carbon economy for the Micro, Small & Medium…

MetaPals, a Singapore-based artificial intelligence (AI) digital companion platform, is partnering with global amination studio WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on April 20, 2024.

StealthMole, a Singapore-based cybersecurity firm, has bagged $7 million in a Series A funding round led by Korea Investment Partners (KIP). The round was also joined by Hibiscus Fund, a multinational joint venture between RHL Ventures, Penjana Kapital, and KB Investment) and Smilegate Investment.

Singapore-based luxury art collectables XM Studios has on Wednesday announced a strategic brand alliance with China-based art collectibles IMMORTALS, signifying a pivotal moment for both entities in their pursuit of expansion and innovation within the collectibles industry.

Global lender HSBC has on Wednesday announced the launch of a $150 million Venture Debt offering in Singapore, and a $1 billion ASEAN Growth Fund, targeting new economy businesses.

In celebration of women entrepreneurship, Action Community for Entrepreneurship (ACE.SG) has on Wednesday by inaugurated its Women Entrepreneurship Committee (WEC) to broaden support for women entrepreneurs in Singapore.