Singapore

Singapore-based fintech firm Atome Financial has secured up to $100 million growth debt facility from EvolutionX to drive profitable expansion in Southeast Asia.

Food Empire Holdings, a Singapore-based multinational food and beverage manufacturing and distribution group, has secured $40 million from private equity fund Ikhlas Capital Singapore Pte. Ltd.

Singapore Telecommunications Limited (Singtel), Deutsche Telekom, e&, SK Telecom, SoftBank Corp., the founding parties of the Global Telco AI Alliance (GTAA), have signed a joint venture (JV) agreement focused on co-developing and launching a multilingual Telco Large Language Models (LLM).

Charge+, a Singapore-based electric vehicle (EV) charging solutions provider, has partnered German automobile manufacturer Porsche to launch a 1,700 kilometers (km) EV Charging Network in Vietnam that connects Vietnam’s two largest cities Hanoi and Ho Chi Minh City.

Singapore-based online used car marketplace Carro has signed a SGD 75 million ($55.52 million) multi-currency loan with HSBC to fund its fintech arm, Genie Financial Services.

Ayudante, a Japan-based digital marketing and digital measurement consulting agency, has announced its acquisition of Sparkline, a Singapore-based digital marketing company.

Iskandar Investment Berhad (IIB), the master developer of Iskandar Puteri of Johor in Malaysia, via River Retreat Sdn Bhd, has entered into a strategic partnership with TM-Nxera, a joint venture of Telekom Malaysia (TM) and Singtel, to empower the digital economy and build a sustainable future for the region.

ZA Tech, the Singapore-based next-generation insurance core system software as a service (SaaS) provider, has raised $35 million in Series A funding led by EQT and rebranded as Peak3.

Amid increasing positive sentiment about the business climate , Airwallex has launched its ‘Airwallex for Startups’ program in Singapore to further empower the city- state's community of over 55,000 startups.

A new survey commissioned by UiPath, an enterprise artificial intelligence (AI) and automation software company, found that 60 percent of workers in Singapore are using generative AI (Gen AI) at work, the highest usage rate globally alongside Hong Kong.