Singapore

Portugal’s EDP Renewables acquires 87.4% stake in Singapore’s Sunseap for $697M

The transaction allows EDPR to establish its presence in APAC with 540MW of operational and under-construction solar projects and a sizeable portfolio at different stages of development, namely 5.5GW of renewable projects.

Israel AI mobility firm Autobrains raises $101M Series C funding led by Temasek

With this latest round of funding, Autobrains is able to grow its commercial reach and bring self-learning AI to additional markets.

Singapore logistics firm uParcel raises $1.5M in pre-Series A funding to accelerate regional expansion

uParcel will utilize the investment to deepen its research on big data and AI with Singapore's universities to develop scalable delivery infrastructure and solutions. It will also be expanding into more cities in the region.

Singapore shopping and rewards platform ShopBack to acquire BNPL player hoolah

hoolah will accelerate its growth with a platform to extend its BNPL offering to over 8,000 merchants and 30 million shoppers across nine markets in the Asia-Pacific. ShopBack will further enhance its suite of shopping tools and rewards by offering shoppers a responsible, convenient, and flexible payment option at checkout.

TurtleTree Labs investment

Singapore BioTech TurtleTree raises $30M Series A funding led by European investor VERSO Capital

Turtle Tree has successfully raised $30 million in the first tranche of its Series A funding, one of the largest investment rounds to date in Asia's cell-based food sector. The funding sees participation from investors worldwide, including lead investor VERSO Capital. Following this round of funding, TurtleTree has now raised over US$40 million to date.

Malaysia property developer Hatten Land partners Singapore FinTech Hydra X to develop and operate cryptocurrency exchanges

With every transaction being recorded on distributed ledgers, regulated financial institutions might reject Bitcoins that may have been used for illegal activities. However, freshly minted 'Virgin Bitcoins' with no transaction history are considered pristine and can potentially command a premium. 'Green Bitcoins' mined with renewable energy sources are also…

Singapore-based Accelerating Asia announces fifth cohort with nine startups

The startups cover eight verticals: fashion e-commerce, agritech, FinTech, e-commerce, HealthTech, InsurTech, and EdTech, industries that are poised to grow significantly and capitalize on digitization trends across Southeast and South Asia.

Singapore private equity firm Tembusu Partners launches $100M sustainable fund with Eco-Business

The fund will take a broad sector approach and focus on the five high opportunity areas it has identified: energy transition, climate action, sustainable cities, and circular economy, sustainable food and agriculture, and inclusion. It has a robust pipeline of quality deals and has already invested in an Indonesian start-up in the financial inclusion space.…

Validus acquires KlearCard’s business payments and expense management platform to bolster its upcoming SME Neobank offering

The acquisition of the KlearCard platform, an established player with a proven product-market fit in the region, will pave the way for Validus to accelerate its build-out of Southeast Asia’s first credit-led SME-focused Neobank, which will provide SMEs with a best-in-class experience through a fully integrated and holistic suite of financial tools and…

Singapore insurer NTUC Income expands Insurance-as-a-Service to Indonesia, Vietnam, Malaysia via partnerships

These strategic alliances are built on Income's Insurance-as-a-Service (IaaS) model that enables the company to bring digital-first insurance business models to partners overseas, enhance their speed-to-market, and equip them with the right capabilities and tools to capture new customer segments and revenue streams