Latest news and trends about tech
Singapore’s NextBillion.ai raises $21M Series B funding led by Mirae Asset Venture Investments
NextBillion.ai, a Singapore-based spatial data and mapping platform for enterprises, said Monday it has raised a $21 million series B led by Mirae Asset Venture Investments. Existing investors Lightspeed, M12 (Microsoft's Venture Fund) and Alphawave also participated in the round, bringing the total funding since inception in2020 to $34 million.
Enhancing security in a trustless ecosystem: Can biometrics be the solution?
Considering how important financial services are in Web2, it’s no surprise that this area will be equally, if not more, critical for Web3. However, to realize a mature Web3 ecosystem, DeFi must first and foremost address major challenges in security.
Singapore’s Matchmove acquires Shopmatic for $200M
MatchMove, Singapore-based embedded finance firm, said Monday it has acquired e-commerce specialist Shopmatic in a $200 million deal, creating an end-to-end embedded finance and ecommerce powerhouse. The combined company will enable MatchMove to provide its Banking-as-a-Service capabilities to Shopmatic’s ecosystem of over a million e-commerce small and…
True Platform raises $3.5M seed round led by January Capital
Vietnam-based business software-as-a-service (SaaS) startup True Platform announced Monday its recently closed $3.5 million Seed funding from January Capital, Alpha JWC Ventures, BEENEXT, FPT Corporation and other angel investors. The funding round was led by January Capital, a venture capital firm in Singapore with a portfolio of 40 startups from pre-seed…
CBDCs, Carbon Credits, and the carbon constrained world
Drawing experiences from the gold mining and oil digging era, it is always about control of resources. Those in control of the technology to harvest the minerals can endlessly exploit countries with the mineral resources but are unable to harvest. The ones who made the most money during the gold rush were selling the pickaxes and wheelbarrows. Similarly,…
Mass-market metaverse builder Virtualtech Frontier announces backing by 500 Global
Southeast Asian Metaverse Builder Virtualtech Frontier (VTF), which has an extensive background in developing virtual environments, NFTs, and game development, has announced its vision to create a high utility Metaverse platform. Backed by venture capital firm 500 Global, the fresh funds will go towards team expansion to serve their waitlist of customers.
Singapore’s The Growhub inks 5-year partnership with FIPWA to build Southeast Asia’s food bowl
The Growhub, Singapore-based one-stop farm to table solution for food traceability and data analytics, announced Friday that it has inked a 5-year lease agreement with the Food Innovation Precinct Western Australia (FIPWA), to establish Western Australia's first food innovation centre creating a corridor between the two countries for agri-innovation,…
The Sandbox acquires Uruguayan technology firm Cualit to accelerate Web3 development and metaverse growth
The Sandbox, a decentralized gaming virtual world and a subsidiary of Animoca Brands, announced Thursday it has acquired the Uruguayan company Cualit, a full-stack development technology firm experienced in gaming, to boost its Web3 and blockchain innovation and development capabilities. Cualit will become The Sandbox Uruguay, expanding The Sandbox global…
Singapore money transfer firm Nium secures license to expand payment services to Malaysia
Nium, a Singapore-based platform for modern money movement, announced Thursday the availability of real-time payments into Malaysia, further strengthening the company’s real-time payments capabilities across the globe. With the addition of Malaysia, it now processes over 75 percent of transactions globally in real-time, and increases its total real-time…
Indonesian culinary multi-brand firm Hangry eyes up to 100 outlets in 2022 while hunting for M&A targets
The company’s expansion will focus on Indonesia first before starting to expand regionally in 2024.
