Posts From Fintechnews Singapore
Proxtera Raises Seed Funding From Ant Group, CerraCap Ventures, and EDBI
Proxtera announced the first close of its seed funding round by Ant Group, CerraCap Ventures, and EDBI. Details of the fundraise was not disclosed. The funding will be used as working capital to further develop the company’s digital cross-border trade
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MAS: Credit Suisse to Continue Singapore Operations Without Disruptions
Credit Suisse will continue operating in Singapore without any interruptions or restrictions following its takeover by UBS, said the Monetary Authority of Singapore (MAS). MAS added that customers will continue to have full access to their accounts and Credit Suisse’s
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Walmart Invests US$200 Million in PhonePe
Indian digital payments company PhonePe announced that it has secured an additional US$200 million from Walmart, bringing its total funds raised for this tranche to US$650 million. The raise places PhonePe’s pre-money valuation at US$12 billion. PhonePe said that it
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Bryan Carroll Steps Down as CEO of Vietnamese Digibank TNEX
Vietnamese digital bank TNEX‘s CEO Bryan Carroll announced that he will be stepping down from his position and will stay on as a board member in a LinkedIn post. Carroll was one of TNEX’s co-founders in 2019 which is a
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Cover Genius Acquires Embedded Warranty Provider Clyde
Cover Genius, an Australian insurtech for embedded protection, announced that it has acquired US-based embedded warranty provider, Clyde Technologies. Details of the transaction was not disclosed. The insurtech said that the assets acquired will assist its continued expansion into the
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ShopeePay Now Available as Payment Option for Apple Services
Shopee’s integrated mobile wallet ShopeePay is now available as a payment method for Apple services in Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam. Customers can use their ShopeePay account to pay for App Store, Apple Music, Apple TV app, iTunes
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Stripe Raises US$6.5 Billion at a Valuation Slashed by Almost Half
Stripe, a payments and financial services providers for businesses, has raised more than US$6.5 billion in a at a US$50 billion valuation, a sharp decline from its 2021 valuation of US$95 billion. Despite the 47% discount from its record valuation,
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DBS, Heritas Capital Raises Over US$20 Million for First Close of Asia Impact First Fund
DBS and Singapore-based investment company Heritas Capital announced the first close of the Asia Impact First Fund (AIFF) with over US$20 million raised to support innovative and high-growth social enterprises in the region. The fund was led by anchor investor
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Meet the 10 Startups Selected for Tenity’s Singapore Incubation Programme
Tenity, a fintech accelerator formerly known as F10, has selected 10 early-stage startups from 3 countries for the 5th edition of its incubation programme running out of Singapore. The pre-seed startups, selected from nearly 250 applications, will receive an initial
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Singapore Green Fintech MVGX Names Sandy Frucher as Vice Chairman
Singapore-based fintech MetaVerse Green Exchange (MVGX) announced that it has appointed Meyer “Sandy” Frucher as its Vice Chairman. In his new role, Sandy will be responsible for guiding the company toward establishing an interconnected global carbon infrastructure network with national
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