Tag "GIC"
British Neobank Monzo Reportedly in Talks for US$50 Million Stake Sale to GIC
British digital bank Monzo is reportedly in the advanced stages of discussions to raise around US$50 million through the issuance of new shares to Singaporean sovereign wealth fund GIC. According to an exclusive by The Sky News, the official announcement
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Leadership Reshuffle at GIC Sees Promotions and Departures
Singaporean sovereign wealth fund GIC has announced updates to its senior management team, effective from 1 April 2024, signaling a shift in leadership roles within the company. Sam Kim, the current Deputy Chief Operating Officer (COO), has been promoted to
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Singapore’s Deputy PM Lawrence Wong Takes on New Role at GIC
Singapore’s sovereign wealth fund GIC has appointed Lawrence Wong as its Deputy Chairman. Wong, who is also Singapore’s Deputy Prime Minister and Minister for Finance, will take up the new role on 1 October 2023. In his new role, Wong
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A Deep Dive Into the Fintech Portfolio of Singapore’s GIC
Singapore’s sovereign wealth fund, GIC Pte Ltd, remains optimistic about the growth potential within the fintech sector, even in the face of a downturn that has seen startup valuations tumble as investors become increasingly wary of riskier ventures. Chris Emanuel,
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Singapore’s GIC Increases Stake in Fintech Pagaya to 9%
Singapore’s sovereign wealth fund GIC has increased its stake in United States-Israeli fintech Pagaya Technologies from roughly 7% to 9%. The details of the transaction was not disclosed. GIC and Pagaya has also extended their existing funding agreement earlier this
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GIC Leads Chainalysis’ US$170 Million Series F, Doubling Its Valuation to US$8.6 Billion
Chainalysis, a New York-based blockchain data platform, announced a US$170 million Series F financing led by Singapore’s sovereign wealth fund GIC, bringing its valuation to $8.6 billion. Previous investors Accel, Blackstone, Dragoneer, and FundersClub increased their investment in the company,
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Razorpay Latest to Achieve Unicorn Status in Asia With US$100 Million Funding Led by Sequoia, GIC
Indian payment gateway provider Razorpay secured US$100 million in Series D financing, simultaneously achieving the major milestone of becoming the newest unicorn in India. With this round, Razorpay welcomes their latest partner GIC, Singapore’s sovereign wealth fund to its investor
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#DeleteCoinBase Trending Soon After Its Funding Boost from Singapore’s GIC
Fresh out of Coinbase’s funding round of $300 million Series E round the hashtag #deletecoinbase seems to be trending in the twitterverse. This round of fund-raising included Singapore’s very own wealth fund, GIC. The reason by the call from users to
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12 Companies Score SG$1.2 Mil at The Singapore Fintech Awards 2018
The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) today awarded 12 FinTech companies a total of SG$1.2 million divided for 12 different companies at the Fintech Awards, which took place at the third Singapore
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Fintech Investors in Singapore
Fintech development in Singapore has been largely driven by the government’s efforts to push adoption and growth. On the regulatory front, the Monetary Authority of Singapore (MAS) set up the regulatory sandbox framework for financial institutions and companies to test
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