Funding

Crypto Firm Fireblocks Bags US$310M From Sequoia, Siam Commercial Bank’s VC Arm

New York-based digital asset custodian Fireblocks announced that it has raised US$310 million in a Series D funding round, boosting the company’s valuation to US$2 billion. The round was co-led by Sequoia Capital, Stripes, Spark Capital, Coatue, DRW VC and

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Nium Joins the Unicorn Club With Its Latest US$200 Million Series D Fundraise

Singaporean B2B payments platform Nium is now a unicorn after having raised more than US$200 million in a Series D round led by Riverwood Capital. The firm has now raised nearly US$300 million to date. Temasek, Visa, Vertex Ventures, Atinum

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Siam Commercial Bank’s VC Arm to Invest In DeFi Asset Aggregator Ape Board

SCB 10X, the venture arm of Siam Commercial Bank, has announced its latest investment in the decentralised finance (DeFi) sector via asset aggregator and portfolio dashboard, Ape Board. The company, which now has more than 350,000 users, within 4 months

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Robo Advisor Syfe Secures S$40 Million in a Series B Funding Round

Singaporean robo advisor Syfe announced that it has secured SG$40 million (US$30 million) during its Series B funding round. The fundraise was led by US-based Valar Ventures, the venture capital fund co-founded by Peter Thiel, which led Syfe’s Series A.

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Top 15 Fintech Funding Rounds in H1 2021 Exceed US$ 11 Billion

Fintech companies are having a record year 2021. In Q1’21, venture capital (VC)-backed fintech companies raised US$22.8 billion, making it the largest funding quarter since 2018, according to CB Insights. Fintech funding growth was global with nearly every continent recording

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Sequoia-Backed Pine Labs Raises US$ 600 Million Ahead of IPO Plans

Pine Labs, an Indian merchant commerce platform, announced that it has closed a US$ 600 million funding round ahead of its planned initial public offering (IPO) in March 2022. The round saw the entry of new investors Fidelity Management &

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Ripple Joins Singapore NFT Marketplace Mintable’s US$13 Million Series A Fundraise

Ripple announced that it has made an investment in Mintable, a Singaporean non-fungible tokens (NFTs) marketplace that allows users to seamlessly create, buy, and sell digital items using fiat or cryptocurrency, during its US$13 million Series A funding round. The

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Singaporean Insurtech Bolttech Clinches Unicorn Status With US$180 Million Series A

Singaporean insurtech firm bolttech announced the completion of an oversubscribed US$180 million series A funding round which values it at more than US$1 billion, giving it unicorn status only one year after its launch in 2020. The fundraise led by

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Wealthtech Endowus Secures Investment From UBS, Samsung and Singtel

Endowus, a Singaporean MAS-licensed digital wealth platform, announced that it has received an undisclosed sum from strategic investors UBS AG, Samsung Ventures and Singtel Innov8. They were joined by venture capital investors Lightspeed Venture Partners and SoftBank Ventures Asia. UBS

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Blockchain Analytics Firm Raises US$100 Million at a US$4.2 Billion Valuation

Chainalysis, a New York-based blockchain data platform, announced it secured a US$100 million Series E financing led by Coatue, bringing its valuation to US$4.2 billion. Previous investors Benchmark, Accel, Addition, Dragoneer, Durable Capital Partners, and 9Yards Capital increased their investment

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