Singapore

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.

MAS strengthens regulatory measures for digital payment token services

The Monetary Authority of Singapore (MAS) has on Thursday published its final tranche of responses to feedback received on its proposed regulations for digital payment token (DPT) service providers in Singapore. The consulted proposals detail business conduct and consumer access measures to limit potential consumer harm.

United Kingdom’s LMAX gets license to offer NDF trading in Singapore

LMAX Group, a United Kingdom-based operator of institutional exchanges for trading foreign exchange (FX) and digital assets, has on Wednesday announced that it has secured license to offer non-deliverable forward (NDF) trading in Singapore (SG1) and London (LD4). LMAX's subsidiary LMAX Exchange Singapore, has received the recognized market operator (RMO)…

Singapore’s Climate Alpha raises $5M in seed round led by Jungle Ventures

Climate Alpha, a Singapore-based artificial intelligence (AI)-driven analytics platform for the real estate, asset management and insurance industries, has closed a $5 million seed round led by Jungle Ventures.

Aggregate Asset Management ties up with ADDX to list diversified deep-value equity fund

Global private market exchange ADDX has listed a deep-value equity fund, managed by Aggregate Asset Management (AAM), that uses machine learning to optimize investment strategy and returns. The fund targets a compound annual growth rate of 8 percent and is open-ended.

Antler announces $2M in funding for startups across Singapore and Indonesia

Antler, the Singapore-based early-stage venture capital firm, has invested another $2 million in 15 startups across Singapore and Indonesia. As a global investor, Antler has invested in over 900 startups, making them the most active investor globally and in Southeast Asia.

Singapore fintech firm Lendela secures $5M in oversubscribed Series A round

Lendela, the Singapore-based digital loan matchmaking platform, announced Thursday its successful $5 million Series A funding round. The oversubscribed round was led by Singapore-based Chocolate Ventures, with participation from Lendela’s seed investor Cocoon Capital.