Singapore
Tower Capital PE Fund I has first close at $250M, seeks mid-market investments in Southeast Asia by Q1 2021
The fund targets to invest in companies across consumer education, healthcare, manufacturing, and business services in Southeast Asia, with focus on Singapore
Legal management platform Lupl raises $14M, readies for Q2 launch with new appointments
Lupl is a privately-held company based in Washington, DC specializing in the management of large volumes of legal transactions. It has been increasing its presence in Asia as it recently signed a Memorandum of Understanding (MoU) with the Ministry of Law of Singapore to advance the city-state’s legal sector digitalization.
Decentralized data delivery network Bluzelle to launch mainnet on February 3rd
Bluzelle says that customers who have already been using the company’s decentralized database service will find a seamless transition from the previous blockchain network. The mainnet is a hard fork from the soft mainnet, the company explained.
Sea makes major FinTech push as it acquires Indonesia’s Bank BKE
With this acquisition, Sea, which is regarded as Southeast Asia’s most valuable company, strengthens its foothold in the FinTech sector. The company is inching closer towards its goal of becoming the financial technology leader in the ASEAN region.
Singapore sets new rules for payment service companies that support crypto
On the first working day of 2021, Singapore’s Parliament approved a bill to impose stricter oversight on virtual payment service providers that support DPTs or cryptocurrencies
EdTech platform Kyt plans MENA expansion with $5M Series A
Educational technology startup Kyt has announced that it has raised a total of $5 million in a Series A funding round. The investment was led by Alpha Wave Incubation, which is run by US investment firm Falcon Edge Capital. Aside from AWI, angel investors and companies including Titan Capital, January Capital, and Sequoia Capital India’s Surge contributed…
Singapore-based FinTech company CoAssets to shut down its crowdfunding platform
A few days after the news about the company’s financial troubles surfaced, CoAssets, which operates its crowdfunding platform under the name CA Funding Pte Ltd (CAFPL), announced that it was officially shutting down CAFPL. “We regret to inform you that CA Funding Pte Ltd (CAFPL) is in the process of gradually winding down,” a note on CAFPL’s website……
IMC Group’s Heritas Capital set to secure $30M for its HVF II ‘impact investing’ venture fund
Launched in December 2020, HVF II was created as an “impact investing” venture fund aimed at helping early-stage tech startups. The fund particularly focuses on new but promising companies in the healthcare, food, and education sectors, which are deemed to be capable of delivering financial returns and offering social and environmental benefits at the same…
FinTech startup Finantier joins Y Combinator’s Winter 2021 batch, will expand its tech team
Finantier, a Singapore-based startup that specializes in open finance, is set to be part of Y Combinator’s W21 startup accelerator program next year
