Funding
Fintechs, Finance Firms Snap Up Media Companies to Gain Audience
This past year has seen banks, financial services companies and fintech startups snapping up media companies, realizing the merits of owning their audience to gain exposure, sell more products and become more profitable. An extensive research paper by business analytics
Read MoreTemasek Ramps up Investment in Fintech Amidst Global Downturn
Singapore’s state-owned investor Temasek is doubling down on fintech this year, participating in at least seven funding rounds involving companies in the sector since the beginning of the year, an analysis by Fintech News Singapore found. The figure nearly matches
Read MoreSingtel Steps up Investment in Its Venture Arm Innov8 to US$350 Million
Singtel announced its plan to invest a further US$100 million into its corporate venture arm Singtel Innov8, raising its total capital commitment to US$350 million. Innov8 invests in startups that align with Singtel Group businesses in the areas of 5G,
Read MoreFintech Funding in Singapore Remains Strong Despite Global Downturn
After a record-breaking year 2021, global funding is slowing dramatically in 2022 with fintech companies raising a total of US$108 billion in H1 2022, data from KPMG show. But despite the current global slowdown, Singapore has nevertheless managed to weather
Read MoreGlobal Fintech Funding is On The Decline with Largest Quarterly Fall in a Decade
After a blockbuster year 2021, the venture capital (VC) market for startup investment is now pulling back amid uncertain macroeconomic conditions and market turmoil. Funding is dropping, mega-rounds of US$100 million and up are declining in number and fewer unicorns
Read MoreHugosave Completes US$4 Million Pre-series A Fundraise
Hugosave, a Singapore-based Wealthcare® and savings app, announced the completion of its US$4 million pre-Series A funding round, bringing the total amount of funds raised to US$10.5 million. The majority of funding was provided by current shareholders, including 1982 Ventures
Read MoreEarned Wage Access Startup Kini Raises US$ 4.3 Million Seed Funding
Kini, an Indonesian on-demand payroll provider, raised US$4.3 million in a seed funding round led by East Ventures, with participation from other investors. The firm will allocate the fresh funds to continue building out its HR-fintech product suite as well
Read MoreInsurance Software Provider Ancileo Bags US$3 Million Seed Funding From Fermion
Ancileo, a Singapore-based software as a service provider (SaaS) for the insurance ecosystem, announced has raised US$ 3 million seed funding from Fermion. According to Ancileo, it will gain access to some 230 banks and 150 insurers to offer digital
Read MoreIndonesian Insurtech Rey Assurance Secures US$4.2 Million Seed Funding
Indonesian insurtech Rey Assurance announced that it has secured US$4.2 million in seed funding to advance its digital health products and technology platform. The funding round was joined by Trans-Pacific Technology Fund (TPTF), Genesia Ventures, and RDS. Rey said that it
Read MoreIndonesian Social Commerce Firm Mapan Secures US$15 Million Series A
Indonesian social commerce startup Mapan announced it has closed a US$15 million Series A funding round. The round was co-led by Patamar Capital and PT Astra Digital Internasional, a subsidiary of PT Astra International, with participation from BRI Ventures, SMDV,
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