Archive
DBS Pledges Additional SGD 100 Million to Fund Social Enterprises
DBS announced that it is committing an additional SGD 100 million to the DBS Foundation which will expand its efforts in helping social enterprises and businesses-for-impact to grow. The funds will enable these startups to grow from the ideation stage
Read More
Top 5 Cryptocurrency-Related Search Terms on Google
Google. That’s the first thing most of us think of when we are looking for a piece of information. Googling acts as the first stop for most people on the start of their cryptocurrency journeys to learn the basic and
Read More
OCBC Beefs up Security With Instant ‘Kill Switch’ to Stop Scammers
OCBC Bank has rolled out a kill switch that enables customers to immediately freeze all their current and savings accounts in the event of a scam. The kill switch can be activated via the bank’s official contact number or at
Read More
bolttech Acquires AVA Insurance to Accelerate Its Growth in Singapore
Singaporean insurtech unicorn bolttech has completed the acquisition of AVA Insurance Brokers and AVA Insurance Agency, a Singapore-based insurance intermediary and specialist broker. The acquisition of AVA will accelerate the deployment of bolttech’s insurance exchange in Singapore, connecting insurers, distributors
Read More
Siam Commercial Bank Pours in US$100 Million Into Indonesia’s Akulaku
Akulaku, an Indonesian Buy Now Pay Later (BNPL) player, announced that it has received US$100 million from the Siam Commercial Bank (SCB). This follows Akulaku’s successful fundraise of US$125 million in 2021 that was co-led by Silverhorn Group who was
Read More
Wise Doubles Down on Singapore as APAC Hub With Plans to Hire 150 Roles
Wise, an online money transfer service, announced that it is further deepening its presence in Singapore with plans to hire 150 roles over the year in the country. The Singapore office, which relocated to a larger space last year, is
Read More
Funding Societies Raises US$294 Million in Series C+ Led by SoftBank
Funding Societies, a Southeast Asian SME digital financing platform which goes by Modalku in Indonesia, today announced that it has raised US$144 million in an oversubscribed Series C+ equity round. The round was led by SoftBank Vision Fund 2 with
Read More
MAS Will Not Be Regulating Activities Related to NFTs for Now
The Monetary Authority of Singapore (MAS) said that it has no plans to regulate activities in relation to non-fungible tokens (NFTs) according to a parliamentary reply. According to Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS, the regulator
Read More
Akulaku-Backed Bank Neo Commerce Witnessed Strong Growth in 2021
Bank Neo Commerce (BNC), an Indonesian digital bank that is a subsidiary local Buy Now, Pay Later (BNPL) player Akulaku, has witnessed strong growth last year. Previously known as Bank Yudha Bhakti, the neobank launched its services back in March
Read More
Thales Drives Fintech Development in Singapore With EDB’s Support
Thales will drive local development of digital technologies for the 5G, biometrics and fintech sectors with strong support from the Singapore Economic Development Board (EDB). To this end, Thales has established its Digital Identity & Security Engineering Competence Center (ECC)
Read More