Singapore
Singapore’s Igloo closes $36M Pre-Series C fundraise with 50 percent valuation increase
Singapore-based insurtech Igloo has on Monday announced that it has closed a $36 million Pre-Series C funding round. Global investment firm Eurazeo, through its insurtech fund backed by the insurer BNP Paribas Cardif, led the investment.
Singapore’s FENIX360 goes public in UK via $610M spac deal with Duet
Singapore-based Fenix 360 Pte Ltd. (FENIX360) will go public through merger With DUET Acquisition Corp. to create a global social media platform. The transaction values FENIX360 at a $610 million enterprise value.
LeapFrog, Temasek, EIB join forces to deliver $500 million pledge for green solutions
LeapFrog Investments, the profit with purpose firm based in United Kingdom, has announced investment from Temasek and support from the European Investment Bank for its strategy to deploy $500 million to address climate change in Africa and emerging Asia.
DBS provides KWAP green loan to expand sustainability footprint in Australia
Development Bank of Singapore (DBS) has provided an AUD 207 million ($137 million) green loan to Malaysia's largest pension fund Retirement Fund (Incorporated) (KWAP) to refinance a Grade A green office tower in Australia.
Singapore’s Fr8Labs secures $1.5M seed funding for market expansion
Fr8Labs, a Singapore and Indonesia-based artificial intelligence (AI)-enabled freight logistics technology startup, has announced the successful completion of its seed funding round, raising $1.5 million. The funding is coming from East Ventures, FEBE Ventures, Kaya Founders, Mulia Sky Capital, Seedstars, Venturra, and various angel investors.
Singapore’s Mystifly joins forces with Google Cloud to elevate traveller experience
Mystifly, a Singapore-based travel technology provider, has on Wednesday announced that it is joining forces with Google Cloud to drive growth and innovation in the travel technology sector. The collaboration will enable both the organizations to tackle emerging industry challenges in airline distribution and infrastructure.
Temasek Trust to acquire MoneyOwl to enhance financial well-being of communities
Singapore state investor Temasek's philanthropy trust Temasek Trust has inked deal to acquire bionic financial advisor MoneyOwl to enhance financial well-being of communities. Temasek trust said in a statement has signed an expression of interest with NTUC Enterprise Co-operative Limited (NTUC Enterprise) regarding the proposed acquisition of MoneyOwl.
Fast-fashion giant Shein applies to go public in US – report
Shein's confidential US IPO filing was first reported by China's Shanghai Securities Journal last week. The Wall Street Journal earlier on Monday confirmed the report citing sources, the report added.
Singapore FinTech Festival 2023 attracts record 66,000 participants
The Festival extended its global reach this year, with participants hailing from 150 countries and regions, an increase from the 115 countries represented in 2022, and attracted a line-up of over 970 speakers.
Ant Group Digital Technologies Accelerates for Going Global
At the TrustBridge Forum held on Nov 15, Ant Group Digital Technologies, a business unit under Ant Group, has revealed its latest updates in the international market.
