Singapore

Carro partners SY Holdings to expand tech-driven financing solutions

Carro, the Singapore-based online used car platform, has signed a Memorandum of Understanding with fintech platform SY Holdings, entering a strategic partnership that will support Carro’s expansion plans through tech-enabled financing solutions.

Zoom: despite strong preference for AI, 92 percent of Singapore AI natives still want the option of human support in customer interactions

Despite strong preference for artificial intelligence (AI), 92 percent of Singapore AI natives still want the option of human support in customer interactions, a new study commissioned by Zoom revealed Wednesday.

Singapore’s Alchemy Pay integrates Sumsub’s Travel Rule solution to strengthen global compliance, security standards

Alchemy Pay, the Singapore-based fiat-crypto payment firm, announced Tuesday its collaboration with Sumsub, a global firm in verification, to integrate its Travel Rule solution across Alchemy Pay’s entire product suite.

Singapore’s SUNRATE secures payment business license in China

SUNRATE, the Singapore-based payment and treasury management platform, announced last Friday that it has secured a payment business license in China following its successful acquisition of a 100 percent stake in Transfar Pay, a unit of Shenzhen-listed Transfar Group.

Maybank raises Sea’s revenue and adjusted EBITDA estimates

Maybank Investment Bank has raised Sea's full year revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) estimates by 3 percent to 6 percent.

Singapore’s Agridence secures global investment to accelerate multi-commodity compliance platform

Agridence Pte. Ltd., a Singapore-based technology firm in digital agri-commodity supply chains, announced Wednesday a funding round led by Cercano Management and supported by returning strategic investors EXEO Innovation Fund and Provident.

Alpadis expands regulatory capabilities with acquisition of Ingenia Consultants in Singapore

Alpadis, an independent, international provider of bespoke, technology-driven trust and corporate services, is joining forces with Ingenia Consultants, a compliance service provider for financial institutions in Singapore.

NTT DATA, The GEAR by Kajima team up to co-develop a smart-building solution in Singapore

NTT DATA, a Japan-based global information technology (IT) infrastructure and services company, partnered with technology services firm The GEAR by Kajima to co-develop a smart-building solution in Singapore.

Singapore’s Prefer raises oversubscribed $4.2M Pre-A to fuel international expansion

Prefer, a Singapore-based food tech startup using fermentation to create affordable and sustainable flavors and ingredients, announced Wednesday an oversubscribed $4.2 million fundraising round alongside the commercial launch of its new products: soluble coffee and cocoa powders.

Sea’s revenue, earnings rise in second quarter

Singapore-based technology conglomerate Sea Limited has reported higher revenue and earnings in the second quarter, underpinned by growth in all business segments.