Singapore

Singapore-based digital marketplace for alternative investments Alta (previously known as Fundnel) announced Monday the acquisition of the leading private digital securities exchange Hg Exchange (HGX).

DBS on Monday announced a partnership with Open Government Products (OGP) to launch a live pilot where purpose-bound money-based vouchers (PBM vouchers) are issued using tokenised SGD to facilitate “real-world” live transactions with selected merchants.

Singapore and Hong Kong lead green fintech development among the five economies in the Asia-Pacific Economic Cooperation (APEC), a report said Friday. Both Hong Kong and Singapore are in the stage of scaling up and accelerating to mature levels in terms of green fintech development compared to the past two years.

Southeast Asia’s digital economy is on track to hit $200 billion gross merchandise value (GMV) in 2022, three years earlier than was anticipated in the inaugural report shared in 2016, said Google, Temasek and Bain & Company in its released seventh edition of the e-Conomy SEA report.

Toku, a Singapore-based dedicated cloud communications provider, announced Wednesday a $5 million extension of its Series A round, bringing its total funding to $10 million.The extended round was co-led by Delivery Hero Ventures and Malaysia's OSK Ventures International with participation from Betatron Venture Group.

Top trade associations in Singapore namely the Singapore Chinese Chamber of Commerce and Industry (SCCCI), the Sustainable Energy Association of Singapore (SEAS), and the premier trade association for the tech industries in Singapore, SGTech, through a memorandum of understanding launched a new sustainability alliance.

Singapore-based insurtech Gigacover has bolstered performance through recently-inked partnerships with leading insurance brokerage firm, ComfortDelGro Insurance Brokers, and leading smart logistics platform, Zeek.

Cityneon Holdings, a Singapore-based entertainment firm that provides immersive experiences, has raised S$150 million ($106.26 million) funding from 65 Equity Partners, an independently managed investment firm wholly-owned by Temasek Holdings.

Mighty Jaxx, a Singapore-based integrated future culture platform that designs and produces digital and phygital collectibles, announced Wednesday its first IP collaboration into the metaverse with MightyVerse Presents: Spooky Season.

More than 1.5 billion people across 180+ countries use WhatsApp to stay in touch with friends and family, anytime and anywhere, Whatsapp said on its Linkedin Page.