Funding

CapBridge Financial Secures Investments From SGInnovate and Hong Kong’s Cyberport

CapBridge a Singapore based private market eco-system comprising announced that it has received equity investments from SGInnovate and Cyberport Macro Fund, further attesting to its strong government support and growing regional network. SGInnovate is a private-limited company wholly owned by

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Fintech Deals See a Downturn Amid COVID-19 Health Crisis

Fintech investment and M&A deals saw a sharp downswing in March due to the COVID-19 outbreak, according to a new report by investment bank Houlihan Lokey. In March, North America and Europe recorded 28 M&A deals in the fintech sector,

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COVID-19 Crisis Likely to Impact Negatively Early-Stage Startup Funding, Investors Say

The COVID-19 pandemic will have a negative impact on early-state investing activity in 2020, investors say. This is according to a survey conducted by 500 Startups which found that more than 80% of investors believe the current health crisis is

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Corporate Venture Capital Funding Booms As Banks Pour Billions Into Fintechs

Corporate venture capital (CVC) funding hit an all-time high last year, with banks pouring billions into fintechs as they look to diversify and feel pressured by increasing competition. From 2014 through Q3 2019, total CVC deals by banks and other

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Quona Capital Closes Second Fund with $203 Million Aimed at Financial Inclusion

Quona Capital, a venture firm focused on financial inclusion in emerging markets, today announced the final close of the Accion Quona Inclusion Fund. The Fund closed with $203 million in commitments from an array of leading investors including global asset

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58% of SMEs in South East Asia are Keen in Alternative Financing

In 2020 and onward, an increasing portion of micro, small and medium-sized enterprises (MSMEs) in Southeast Asia will turn to non-traditional financial sources for their financial needs. These sources of funding will need to be available “on-demand” to enable entrepreneurs

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Pand.ai Bags Pre-Series A Funding From Bangkok Bank’s Corporate VC Arm

Singapore-based AI start-up Pand.ai has secured an undisclosed amount in Pre-Series A funding from Bualuang Ventures, the corporate venture capital (CVC) arm of Bangkok Bank. This new funding round comes less than 3 months after the company announced its first

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Tookitaki Closes US$19.2 Million Series A To Help Fight Money Laundering

Tookitaki a Singaporean regtech firm announced today that it has raised an additional US$11.7 million in funding bringing its total investment for their Series A to US$ 19.2 million. The extended Series A round allows Tookitaki to enhance its product

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Singapore Based Chatbot Startup Pand.ai Bags US$ 1 Million in Seed Funding

Pand.ai, a Singapore-based artificial intelligence (AI) startup which develops smart chatbots, has snagged US$1 million in seed funding – the largest such amount raised from a single angel investor by a homegrown startup. According to their statement, the unnamed angel

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Rapyd Secures $100 Million in Funding to Fuel Global Fintech-as-a-Service Expansion

Payments focused fintech Rapyd announced that they have secured US$ 100 million of financing in round led by Oak HC/FT with participation from Tiger Global, Caotue, General Catalyst, Target Global, Stripe and Entree Capital. This follows another round earlier this

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