Singapore

Thunes, a Singapore-based cross-border payments company, announced Wednesday that it is accelerating the expansion of its services in the Middle East and North Africa (MENA) region, setting up an office in the Kingdom of Saudi Arabia, and appointing a new country head – Ahmad Yaacoub.

Nanyang Technological University, Singapore (NTU Singapore) and Royal Golden Eagle (RGE), a global resources-based manufacturing group, on Thursday launched the S$6 million ($4.36 million) joint research centre to accelerate innovation in textile recycling and translate research outcomes into practical solutions that can be deployed in urban settings like…

Revolut, the United Kingdom-based financial superapp, on Thursday launched a new cryptocurrency service in Singapore, enabling customers to securely buy, hold and sell cryptocurrencies with the tap of a button. Revolut is providing all customers in Singapore with more than 80 tokens available via its app.

Singaporean direct-to-consumer (DTC) startup Evo announced Wednesday the completion of its $600,000 seed funding round led by East Ventures. The round also saw participation from notable angel investors Aaron Tan from Carro, Joel Leong from ShopBack, Mohandass from Spenmo, and Jonathan Tan from Prism+.

Catcha Investment Corp 2.0 intends to focus its search on a target with operations or prospective operations in the technology, digital media, financial technology, or digital services sectors, which it refers to as the “new economy sectors”, across Asia Pacific, in particular Southeast Asia and Australia, according to its prospectus.

Skyports, the United Kingdom-based advanced air mobility (AAM) vertiport infrastructure and drone services provider, said Tuesday it has completed the final close of its Series B capital raise with fresh investment of $3.13 million from ST Engineering through its Corporate Venture Capital unit, ST Engineering Ventures.

The Monetary Authority of Singapore (MAS) has granted Singapore-based enterprise payment service provider Digital Treasures Center (DTC) the major payment institution (MPI) licence. Securing the full licence means DTC has exited from the exemption status and is now a fully regulated provider of Digital Payment Token (DPT) and other payment services under…

Singapore telecommunications firm Singtel announced Tuesday its plan to invest a further $100 million into Singtel Innov8, its corporate venture arm, raising its total capital commitment to $350 million. With the capital injection, Innov8 will further expand its portfolio of investments in Southeast Asia, United States, China, Israel and Australia.

OrBit Markets, a Singapore-based institutional liquidity provider in crypto options and structured products, said Sunday it has raised $4.6 million in an angel funding round led by Matrixport, a leading digital assets financial services ecosystem. It also saw participation from Brevan Howard Digital, New Form Capital, Maven 11 and Westridge Markets in this…

99 Group, a Singapore-based online property platform, has raised $52 million in a Series C round led by Gaw Capital Partners, more than doubles its total capital raised to over $80 million. This includes $37 million which is completed at the first close and a further $15 million to be raised over coming months, of which majority has already been committed.