Funding

SPAC Frenzy Takes Hold of Asia

After explosive growth in the US, the craze surrounding special purpose acquisition companies, or SPACs, is now heading to Asia. Analysts believe that Southeast Asia, where the tech startup scene has thrived on economic growth and a need to boost

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Top 10 Fintech Funding Mega Rounds in Asia Pacific in 2021 so Far

Fintech funding significantly picked up this year and is estimated to have reached US$15 billion in Q1’21, data from CB Insights show. In Asia, fintech investments are projected to surpass US$2.6 billion, the region’s highest quarterly total since Q1’20. Driving

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Singapore-Based Neobank StashFin Raises US$ 40 Million in Series B Extension

StashFin, a Singapore-based neo-banking startup, announced the successful completion of the extension of its Series B equity financing of US$ 40 million. New investors participating in the round include Altara Ventures and Uncorrelated Ventures with previous investments from Integrated Capital,

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Wealthtech Endowus Raises S$23 Million to Fuel Its Expansion Plans in Asia

Singapore-based digital wealth advisor Endowus announced that it has completed a S$23 million first close of its Series A funding round. It was led by Lightspeed Venture Partners, a global venture capital firm, with participation from SoftBank Ventures Asia. Endowus

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Fintech Funding for APAC in 2021 Predicted to Be Favourable

Fintech companies in Asia-Pacific (APAC) raised US$3.14 billion across 113 deals in Q4’20 (excluding capital raised by Grab and GoJek), the highest quarterly funding activity for the year. This signals a bright outlook for fintech funding and deal activity in

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Singapore-Based Blockchain Firm #dltledgers Raises US$ 7 Million, Switches to R3’s Corda

#dltledgers, a Singaporean blockchain platform for cross-border trade, trade finance, and supply chain digitisation, has raised US$ 7 million during a Series A funding round. The fundraising round was led by Regis and Savoy Capital, Vittal, Walden International and various

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eKYC Firm Jumio Secures $150 Million From Great Hill Partners

Jumio, a provider of AI-powered end-to-end identity verification and eKYC solutions, today announced it secured a $150 million investment from Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies. This infusion represents the single largest funding

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Insurtech Symbo Secures US$9.4 Million Funding to Scale Its Platform in SE Asia and India

Symbo Platform Holdings, a Singapore-based insurtech platform, announced the completion of a US$9.4 million funding round led by the CreditEase Fintech Investment Fund. The round also saw participation from San Francisco-based investment firm Think Investments along with follow on investment

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Episode Six Announces Additional $30 Million in Funding

Episode Six, the global provider of modern payment processing and banking infrastructure, today announced that it has secured an additional $30 million of investment, bringing its total capital raised to $40 million. This additional funding comes nine months after the

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Grab Upsizes Term Loan Facility to US$2 Billion Following Strong Interest From Investors

Grab, a Southeast Asian superapp, announced the successful close of its first senior secured term loan facility following commitments from international institutional investors. The term loan facility will allow Grab to strengthen its liquidity and diversify its financing sources. The

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