Singapore

The funding round will enable SUN Energy to cement its leading market position in Indonesia and bolster growth in the region alongside blue-chip strategic partners that share a similar vision on energy transition.

StraitsX has launched the StraitsX Indonesian Rupiah (XIDR), its second stablecoin in Southeast Asia (SEA). Each XIDR token is fully-backed by one Indonesian Rupiah and will be supported by partners in the StraitsX ecosystem.

RWDC Industries Limited announced the closing of a $95.1 million Series B2 funding round co-led by Singapore venture capital firm Vickers Venture Partners and Singapore state investor Temasek. The funding will support the group’s expansion and boost its production of biodegradable biopolymer material that will help the group speed adoption of sustainable…

ADDX has enabled rare fractional access to a private credit fund with more than $1 billion in committed capital, reducing the fund’s minimum investment size for individual accredited investors from $5 million to $20,000.

Following this investment round, Pace is now the fastest-growing multi-territory BNPL player from Singapore. The new funding will go towards expanding technology, operations, and business development, to hit a Gross Merchandise Value run rate of $1 billion in 2022 and grow its user base by 25 times over the next 12 months.

Pomelo Pay has raised $10 million in a Series A round led by Inference Partners. The investment will allow the company to expand its presence across global markets including Europe and Asia, starting with plans to double their workforce in London, Singapore, Vietnam, Thailand, and the Philippines.

Combinator-backed Deskimo closed a $3M Seed financing round and is now launching in Jakarta as its first expansion market after Singapore and Hong Kong. The Singapore-based startup sees strong demand from companies that move to a permanently hybrid workplace, a shift that is happening all around the world.

Resync Technologies (Resync) has raised $2 million in Series A funding from global venture firm GGV Capital. The investment will back the company’s plans to innovate and develop more advanced features for its energy cloud platform, while expanding to more markets across Asia Pacific and the Middle East.

Quincus has raised an undisclosed amount in the second close of its Series B funding round led by AEI HorizonX. The latest investment will be used for the expansion of the firm’s global footprint with an emphasis on commercial growth in the United States.

“It’s just that in China, the way it is being executed has been a little more blunt and quick, and that is why it has created a lot of shocks out there,” Sipahimalani was quoted as saying.