Posts From Fintech News Singapore
Digital Identity as the Foundation of the Digital Society
Around the world, digital identity has emerged into one of the most significant technology trends, promising to not only improve access to financial services, but also enable civic and social empowerment by unlocking critical services including government benefits and education.
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Huobi Global Launches New Blockchain Investment Arm Ivy Blocks
Digital asset exchange Huobi Global announced the launch of Ivy Blocks, its new DeFi and web 3.0 blockchain ecosystem investment arm. Ivy Blocks will focus on identifying and investing in promising blockchain projects to help unlock their growth potential with
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Singapore Set to Issue Its First Sovereign Green Bond in the Coming Months
Singapore will issue up to S$35 billion worth of public sector green bonds by 2030 to accelerate and lead the growth of its green finance market. The inaugural Singapore sovereign green bond will be issued in the coming months. The
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Backbase Bags US$129 Million Funding, Now Valued at US$2.7 Billion
Digital banking software provider Backbase announced that it has raised US$128.6 million in growth equity funding from Motive Partners which values it at US$2.66 billion. Backbase said that this investment will it allow to “double down on its vision for
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ComfortDelGro Partners Alipay+ to Accept Mobile Payments From Malaysia, S. Korea
Singaporean taxi operator ComfortDelGro Taxi has partnered with Alipay+ to enable mobile payments from Malaysia and South Korea through Touch ‘n Go eWallet and Kakao Pay respectively in all its Comfort and CityCab taxis. Users of these mobile wallets can
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Web3 Payments Startup Request Finance Raises US$5.5 Million Seed Funding
Request Finance, a Web3 enterprise crypto payments startup, announced that it has closed a US$5.5 million in a seed funding round. Participants of the fundraise include metaverse company Animoca Brands, Europe’s early-stage venture capital investor Balderton Capital, and XAnge. The
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Singaporean Lender Capital C Raises SGD$ 74 Million to Fuel Expansion Plans
Capital C Corporation, a Singapore-based financial services provider, announced that it has raised SG$74 million in a recent fundraise. The round was joined by PhillipCapital, Luminor Capital, Paradise Group, Citystate Group, various family offices and angel investors. Capital C said
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ADDX Now Recognises Crypto Assets When Onboarding Accredited Investors
Private market exchange ADDX announced that it now recognises cryptocurrency assets for the purposes of onboarding accredited investors to pave the way for more individuals to qualify as one. They can thereby participate in more sophisticated investment opportunities in the
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Indonesian Crypto Investment Platform Pintu Raises US$113 Million Series B
Pintu, an Indonesian crypto asset trading and investment platform, announced that it has closed a Series B funding round of US$113 million (Rp. 1.6 trillion). Investors joining the round include Intudo Ventures, Lightspeed, Northstar Group, and Pantera Capital. Through this
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Binance Labs Invests in PancakeSwap’s Token CAKE
Binance Labs, the venture capital and incubation arm of Binance, has invested an undisclosed sum in PancakeSwap’s utility and governance token CAKE. PancakeSwap is a decentralised exchange built on BNB Chain and has daily active users of over 400,000 since
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