Singapore
Singapore insurtech firm CoverGo raises $15M Series A led by SemperVirens VC
CoverGo, a Singapore-based insurtech platform, announced Tuesday it has secured $15 million in Series A funding led by California-based SemperVirens VC with participation from US venture capital firms SixThirty, Tribeca Early Stage Partners and Fresco Capital. The startup's strategic investors include pan-African insurance group Old Mutual, Asia-based…
Singapore’s Funding Societies steps into Vietnam in fifth market expansion
Funding Societies, a Singapore-based small and medium-sized enterprise (SME) digital financing platform, has officially launched in Vietnam on Tuesday, marking its fifth market expansion .Addressing the SME financing gap in Vietnam, where the SME landscape is growing yet financially underserved, is a natural next step for the fintech company as it pushes…
Fundnel Group and BRI Ventures launch fund for Indonesian growth-stage start-ups
Fundnel Group, Southeast Asia’s largest marketplace for alternative assets, has signed a Memorandum of Understanding (MoU) on Monday with BRI Ventures (BVI), the corporate venture capital arm of Indonesia’s largest bank, to launch a first-of-its-kind BVI – Fundnel Secondaries Fund. Upon signing of the MoU and through this strategic partnership, Fundnel and…
Carousell to acquire fashion recommerce retailer Refash
Carousell Group, a Singapore-based recommerce group, announced Monday that it has signed a deal to acquire Refash, a Singapoore-based omnichannel fashion recommerce retailer, for an undisclosed sum. The partnership with Refash enables Carousell to take a significant next step for one of their core categories to make selling secondhand fashion even simpler,…
Grab said to be eyeing stake in Malaysia’s sixth largest banking group AmBank – report
When contacted about the potential acquisition, Grab's communications team said the company "will not comment on rumors and speculation".
Coinhako secures licence to provide digital payment token services in Singapore
Singaporean crypto firm Coinhako has been granted the Monetary Authority of Singapore’s (MAS) official approval for a Major Payment Institution (MPI) licence which allow the firm legally operates as regulated providers of Digital Payment Token (DPT) Services under the Payment Services Act (PSA).
Cake DeFi partners with FACEIT in multi million dollar deal to allow gamers to earn cryptocurrency
Cake DeFi, a Singapore-based crypto fintech platform, announced Friday a multi-million dollar partnership with FACEIT, a United Kingdom-based platform for competitive online gaming, to allow users to earn cash flow from their crypto.
China’s EV maker NIO announces proposed secondary listing on Singapore Exchange
The company has received a conditional eligibility-to-list letter (ETL) from the Singapore Exchange Securities Trading Ltd on May 5, 2022.
Singapore’s UOB The FinLab launches The Greentech Accelerator to support greentech startups
Singapore UOB innovation accelerator The FinLab unveiled Thursday The Greentech Accelerator, a new, global programme aimed at supporting innovative greentech solution providers regionally and globally to drive their company’s sustainable mission forward. As part of the first cohort, the programme will focus on greentech solutions including energy…
