Fintech Singapore | Funding Archives

Funding

Australia Funding

ShopBack Extends Series F With US$30 Million From Westpac

Shopping and rewards platform ShopBack has extended its Series F fundraise yet again with an investment of US$30 million (AU$44 million) from Australian multinational banking and financial services company Westpac. Shopback begun its Series F raise in June with US$80

Blockchain Funding

ADDX Fractionalises UOB and Temasek’s Venture Debt Fund to US$20,000

Global private market exchange ADDX announced that it has fractionalised a venture debt fund by Innoven Capital which is a joint venture between a Temasek Holdings‘ subsidiary Seviora and UOB. This move brings down the minimum subscription size for individual

Crypto Funding

DPM Lawrence Wong Says FTX Investment Caused Reputational Damage to Temasek

Temasek’s US$275 million investment in now-bankrupt crypto exchange FTX has not only caused financial loss but also reputational damage to the Singapore’s state-owned investor said Lawrence Wong, Deputy Prime Minister (DPM) and Minister for Finance, and Deputy Chairman of MAS

Funding InsurTech

Igloo Extends Series B to US$46 Million, Eyes M&A Opportunities

Insurtech firm Igloo announced that it has raised an additional US$27 million in its Series B extension, bringing its total funds raised for this tranche to US$46 million. The initial Series B capital raise of US$19 million in March this

Funding

Temasek Expands Global Footprint With 13th Office in Paris

Singapore-based investment company Temasek announced that it will open its third European office in Paris, which will be operational in H1 2023. Temasek said that the new office will strengthen its global network, help enhance access to deal flow, partnership

Funding Vietnam

Vietnam’s VC Market Matures as Investments Reach Record Highs

2021 was a record year for venture capital (VC) investments in Vietnam, driven by a maturing technology startup ecosystem, an increasing number of later stage investments, and rising participation from both local and foreign investors eager to tap into Vietnam’s

Funding

Singapore Dominates Nearly Half of All Fintech Funding in ASEAN

Results from the UOB study were shared in the latest Fintech in ASEAN report, an annual report by UOB, PwC Singapore and the Singapore Fintech Association, which looks at the state of fintech in Southeast Asia and venture capital (VC)

Crypto Funding

Temasek Latest to Write Down US$275 Million Investment to Zero in FTX

Singapore’s state-owned investor Temasek announced that it has decided to write down its full investment in collapsed cryptocurrency exchange FTX, irrespective of the outcome of its bankruptcy protection filing. Temasek had invested US$210 million for a minority stake of ~1%

Blockchain Funding Wealthtech

ADDX Extends Pre-series B Round With US$20 Million Raise Led by Korea’s KB Securities

Global private market exchange ADDX announced that it has raised approximately US$20 million in an upsized Pre-Series B round led by KB Securities, a subsidiary of Korea’s KB Financial Group (KBFG). The round kicked off in May 2022 when ADDX

Funding Indonesia Regtech

Indonesian Digital Trust Startup Privy Raises US$48 Million Series C

Indonesian digital signature and identity provider Privy announced that it has secured US$48 million in a Series C funding round led by global investment firm KKR. The round also witnessed participation from existing investors MDI Ventures, GGV Capital and Telkomsel