Funding

Global Processing Services Secures Strategic Investment From Visa for Global Expansion

Payments issuer processor, Global Processing Services (GPS) has secured an investment from strategic partner, Visa. Backed by UK growth private equity firm, Dunedin, this strategic investment will help accelerate GPS’ global expansion, following its success in launching new fintechs and

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Silent Eight Raises Total of US$15 Million in Latest Fund Raising Round

Silent Eight, Singaporean regtech startup leveraging artificial intelligence (AI), completed a new round of early-stage funding bringing the company’s total capital raised to US$15 million. The investment round was led by OTB Ventures, VC firm investing in technology businesses originating

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Razorpay Latest to Achieve Unicorn Status in Asia With US$100 Million Funding Led by Sequoia, GIC

Indian payment gateway provider Razorpay secured US$100 million in Series D financing, simultaneously achieving the major milestone of becoming the newest unicorn in India. With this round, Razorpay welcomes their latest partner GIC, Singapore’s sovereign wealth fund to its investor

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Sygnum Group and SBI Group Launch Early-Stage Fund to Back Digital Asset Startups

Switzerland-based digital asset bank Sygnum Group and SBI Group, a Japan based financial conglomerate, have entered into a partnership to establish an early-stage fund investing in digital asset opportunities across South East Asia and Europe. Its Singapore entity, Sygnum Pte.

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A Singaporean Corporate Services Startup Raises US$3 Million in Seed Funding

Lanturn, a Singapore based corporate services startup, announced that it has successfully raised US$3 million in seed funding. The funding round was led by East Ventures and CoCoon Ignite Ventures, both early-stage venture capital firms. Joining them were individual investors

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Digital Wealth Manager Syfe Closes US$18.6 Million in Series A Funding Round

Singapore-based digital wealth manager Syfe announced that it has successfully closed a SG$25.2 million (US$18.6 million) Series A funding round led by fintech venture capital fund Valar Ventures. Other participants in the round include Presight Capital, and existing investor Unbound,

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A Booming Fintech Investment and Exit Landscape in South East Asia

Since 2015, foreign investment into Southeast Asia’s fintech companies has grown seven times, according to The Future of Fintech in Southeast Asia report by Dealroom, Finch Capital and MDI Ventures. Foreign investors’ surging participation in the Southeast Asian fintech sector

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AMTD Reveals the 5 Fintech Startups Selected for its S$11.5M Fund

AMTD has announced its first batch of investments in five fintech companies as a part of its Singapore Solidarity Fund AMTD under the purview of the ASEAN Solidarity Fund Group. The five selected companies include Funding Societies, Active.ai, Cardup, Transwap,

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Singapore-Based Thunes Raises US$60M in Series B Funding

Singapore-based Thunes, a B2B cross-border payments network, raises US$60 million in Series B funding round led by Africa-focused Helios Investment Partners. Additional investors include Checkout.com as well as existing investors GGV Capital and Future Shape. Thunes was previously a part

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South East Asia Leads Fintech Funding in Asia Pacific

Investments in fintech companies in Asia-Pacific grew 9.1% to US$1.4 billion in the second quarter of 2020 when compared with the first quarter, according to the Q2 APAC Fintech Funding Report by S&P Global Market Intelligence.  Deal activity remained flat

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