Singapore
MyTukar renames to Carro, appoints Malaysian influencer Phei Yong as first brand ambassador
MyTukar powered by Carro, Malaysia’s used car ecosystem, has renamed to Carro, signifying a move that will bring more of Carro’s cutting-edge technologies, products, and services to Malaysian customers.
Singapore’s Silicon Box to invest $3.6B in new chip plant in Italy
Singapore-based semiconductor firm Silicon Box intends to invest up to $3.6 billion in new chip plant in Italy. The semiconductor assembly and test facility in Northern Italy will help meet critical demand for advanced packaging capacity to enable next generation technologies that Silicon Box anticipates by 2028.
Softbank-backed Carro expands into Hong Kong with Beyond Cars acquisition
Carro, Southeast Asia's largest online used car platform, has on Thursday announced its acquisition of Beyond Cars, one of the leading used car platforms in Hong Kong. With Hong Kong under its belt, the firm is now present in a total of seven markets, including Singapore, Malaysia, Indonesia, Thailand, Japan, and Taiwan.
Singapore insurtech Sunday acquires Indonesian general insurer KSK Insurance
Sunday Ins Holding, a Singapore-based regional full-stackinsurtech group, has completed the acquisition of PT KSK Insurance Indonesia in January. The deal makes the firm as one of the largest insurtech groups fully licensed in the two largest general insurance markets in the region with revenue surpassing $100 million.
Wise ramps up Singapore presence with expanded office and five new local leadership hires
Wise, the global financial technology company, has on Thursday announced the expansion of its Singapore office, key leadership hires, and product innovations, reinforcing its commitment to Singapore.
United Kingdom’s Currencycloud secures license to provide services in Singapore
Currencycloud, a United Kingdom-based Visa solution and the experts in simplifying business in a multi-currency world, has obtained an In-Principle Approval (IPA) for a Major Payment Institution (MPI) license holder from the Monetary Authority of Singapore (MAS). The license will allow Currencycloud to provide a full suite of intra-regional and…
Singapore’s Thryve.Earth raises $2.6M in funding round led by Openspace
Thyrve.Earth, a Singapore-based technology-enabled project developer conserving and restoring nature, has on Wednesday announced a $2.6 million investment in a round led by a prominent regional venture capital firm, Openspace. The round also attracted participation from existing investors, Capital Code, and key strategic angels.
Singapore’s Ai Palette secures $5.8M in Series A1 funding led by Tin Men Capital
Singapore-based tech startup Ai Palette has secured a total of $5.8 million in a Series A1 funding round. Tin Men Capital, a Singapore-based venture capital firm with a focus on business to business (B2B) software startups, has announced a $4 million investment in the company.
BW Digital partners Citramas to build data center in Indonesia
BW Digital, a member of BW Group and headquartered in Singapore, and Citramas Group, an Indonesia-based conglomerate, have on Monday announced the signing of a memorandum of understanding (MoU) for the joint development of a carrier-neutral digital ecosystem in Batam’s Nongsa Digital Park (NDP), Indonesia.
Singapore’s Sea achieves first full year annual profit since IPO
Singapore-based tech conglomerate Sea Limited has achieved its first full year of annual profit in 2023 since its initial public offering (IPO). The firm posted a net income of $162.7 million in 2023, as compared to total net loss of $1.7 billion in 2022.
