Funding
Igloo Secures US$36 Million Pre-Series C, Marks 50% Surge in Company Valuation
Singapore-based insurtech Igloo has completed a US$36 million Pre-Series C funding round, bumping up its valuation by 50% compared to the previous round in 2022. The company aims to achieve profitability by 2024. The funding round, led by the global
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Mizuho Invests in Climate Impact X to Strengthen Carbon Credit Market in Asia
Japan’s Mizuho Financial Group has announced a strategic investment in Climate Impact X (CIX), a global carbon marketplace based in Singapore, in a move towards scaling the international carbon credit market in Asia. The sum was not disclosed and the
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Walter de Oude’s Chocolate Ventures Leads Lendela’s US$5M Series A
Lendela, a digital loan matchmaking platform, announced that it has successfully completed a US$5 million Series A funding round. This round was led by Chocolate Ventures, a venture firm based in Singapore. The fundraise was also joined by the platform’s
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Green Fintech Picks up Steam in ASEAN Amid Growing Investor Interest, Business Adoption
In Southeast Asia and the broader Asia-Pacific (APAC) region, green fintech is picking up steam and growing on the back of increasing climate-related regulations, growing adoption of sustainable practices among Asian businesses, and rising investors’ interest, a new report by
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DIFC to Kick off Fintech World Cup at SFF 2023 With Pitch Competition
Global fintech startups seeking funding have the opportunity to participate in the Fintech World Cup (FWC), organised by the Dubai International Financial Centre (DIFC). Registration is currently open for an initial pitch competition that will take place tomorrow (17 November)
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Early-Stage Fintechs Grab Half of ASEAN Funding as Green Fintechs Gain Traction
According to the recent “Fintech in ASEAN 2023: Seeding the Green Transition” report, jointly released by UOB, PwC Singapore, and the Singapore Fintech Association (SFA), there is a growing interest in sustainable finance solutions despite the broader funding winter affecting
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HSBC to Offer its Financial Toolkit for Antler’s Portfolio Companies
HSBC has joined forces with early stage investor Antler to support the growth of Southeast Asian companies and entrepreneurs based in Singapore. The announcement was made at the Singapore Fintech Festival 2023. This collaboration will provide startups and founders that
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Aussie Fintech Upworth Raises A$1M Seed Funding
Upworth, an upcoming Australian fintech company, has raised A$1 million (US$ 650,000) in seed funding from angel investors. The firm is launching its free personal finance management offering to the public. The platform offers a financial dashboard that allows users
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BondEvalue Raises US$6M Series B, Eyes Expansion to India’s GIFT City
BondEvalue, a Singapore-based fintech company that operates the digital bond exchange BondbloX, has raised US$6 million in a Series B round. The company had previously secured US$6 million in a Series A fundraise in 2021. The round was joined by
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Singapore’s Mortgage Tech Startup LXA Secures US$10 Million Seed Funding
LXA, a Singapore-based technology startup specialising in mortgage solutions, has raised US$10 million in a seed funding round led by New Enterprise Associates (NEA). The round also included participation from Openspace Ventures and EDBI. With the new funding, LXA plans
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