Archive

Y Combinator-Backed Spenmo Closes US$34 Million Series A Fundraise

Singaporean payments firm Spenmo has raised US$34 million in an oversubscribed Series A investment round. It is touted to be the largest Series A round closed for a Y Combinator-backed company in Southeast Asia. The round was led by New

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Digital Asset Manager TradeTogether Offers Robo-Advisory for Accredited Investors

Singapore-based digital asset management startup TradeTogether is on track to launch a series of pocket fund strategies for accredited investors to invest in the cryptocurrency space. Its robo-advisory solution helps clients pre-select their portfolios through an application. At the same

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EDBI Joins bolttech’s Series A Extension Totaling to US$210 Million

Singaporean insurtech unicorn bolttech has extended its recently-announced US$180 million series A funding round, bringing the series total to US$210 million. The previous round which was led by Activant Capital Group now adds two new strategic investors, Singapore-based global investor EDBI

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LSEG Labs Powers Key Projects With Machine Learning for Deeper Insights

The London Stock Exchange Group (LSEG) is ramping up innovation efforts, tapping into technologies including artificial intelligence (AI), machine learning (ML), natural language processing (NLP), and APIs to provide finance professionals with more accurate market intelligence, deeper insights and facilitate

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Fintech Funding in APAC Has Doubled This Year to over US$ 5 Billion

In H1 2021, fintech funding in Asia-Pacific surged to US$5.56 billion, more than double the same period last year. The figure puts the year 2021 well on track to surpass pre-COVID-19 levels during which fintechs in APAC raised a total

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Machine Learning: The Future of eCommerce Fraud Prevention

Machine learning plays a pivotal role in effective fraud prevention systems. In this article, learn how machine learning can significantly improve your business’ ability to stop fraud attacks. With the recent surge in e-commerce usage globally, the possibility of an

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Fintech Apps See a Surge in Downloads Amidst the Pandemic

Mobile app usage habits and trends have seen a drastic uptick amid COVID-19 and lockdown measures. In Asia-Pacific (APAC), fintech mobile app installs grew 36% in 2019-2020 and 18% in 2020-H1 2021, the second highest growth rates for the period

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Which Information Should You Include In Your Pay Stub? Find Out Here

Are you a new employer and trying to get around with terms like Pay Stub? Or maybe you want to double-check with the definition and confirm what information goes in a pay stub. Whatever the case may be, you have

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Thunes Makes Key Hires to Drive Global Expansion Plans

Singaporean cross-border payments firm Thunes has appointed Irina Chuchkina as Chief Marketing Officer and Babul Balakrishnan as Head of Customer Care to support its global growth strategy. These appointments follow the announcement of Thunes’ acquisition of Limonetik, a European Payment

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Singapore Government Sets up S$1.5 Billion Fund to Spur IPO Growth

The Singapore government has announced a package of initiatives to support high-growth enterprises to raise capital in the country’s public equity market and broaden its proposition as a financing hub. The government and Temasek will establish a new co-investment fund

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