Funding
Jenfi Raises US$6.6 Million for Its “Growth Capital as a Service” Platform
Singapore-based fintech firm Jenfi announced that it has raised US$6.6 million in a Pre-Series B funding round led by Headline Asia. The round was also joined by Monk’s Hill Ventures, ICU Ventures, Granite Oak, Korea Investment Partners & Golden Equator
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A Deep Dive Into the Fintech Portfolio of Singapore’s GIC
Singapore’s sovereign wealth fund, GIC Pte Ltd, remains optimistic about the growth potential within the fintech sector, even in the face of a downturn that has seen startup valuations tumble as investors become increasingly wary of riskier ventures. Chris Emanuel,
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London Stock Exchange: A Gateway to Global Markets for APAC Fintechs
In recent years, the Asia-Pacific (APAC) region has been at the forefront of the FinTech revolution, with many innovative companies disrupting traditional financial services. For APAC FinTech founders and their investors, the decision to raise capital through an initial public
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Integra Partners Closes US$90M Fund Targeting Fintech, Insurtech Firms
Singapore-based early-stage venture fund Integra Partners announced the final close of its second fund, Integra Partners Fund II, which closed late last month at US$90 million. This brings the total committed capital managed by the firm to over US$140 million.
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Tenity Launches XRPL Accelerator in Singapore for Early-Stage Blockchain, Crypto Startups
Tenity, a fintech accelerator formerly known as F10, announced that it has become the first programme partner of the XRP Ledger (XRPL) Accelerator in Asia Pacific with the launch of a Singapore-based cohort. The XRPL Accelerator in Singapore run by
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ADB, Switzerland Sign US$5 Million Co-Financing Deal to Support Vietnamese Fintechs
The Asian Development Bank (ADB) and Switzerland signed a co-financing agreement of up to US$5 million for Vietnamese fintechs focused on addressing financial inclusion in the country, particularly among small and medium-sized enterprises (SMEs). This funding, along with a US$2
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MUFG Invests in Indian Cloud Lending Firm Lentra
MUFG Innovation Partners (MUIP), a corporate venture capital fund and a wholly owned subsidiary of Mitsubishi UFJ Financial Group (MUFG), has invested in Indian lending platform Lentra. The sum of the investment was undisclosed. MUIP co-invested with MUFG in Lentra
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Advance Intelligence Group Raises US$80 Million
Singapore tech unicorn Advance Intelligence Group (“the Group”) announced it had raised US$ 80 million from an investor consortium led by existing investors Warburg Pincus and Northstar Group. This new investment comes after the Group’s Series D round of over
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Standard Chartered’s Zodia Custody Secures $36 Million in Series A Funding Round
Zodia Custody, the cryptocurrency custody service launched by Standard Chartered, has raised US$36 million in a Series A funding round. The round received participation from Chicago-based financial services company Northern Trust Corporation and Japanese financial services firm SBI Holdings, along with SC
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IFC Proposes US$250m Investment in Singapore’s DBS
The International Finance Corporation (IFC), a World Bank Group member, revealed in a disclosure that it plans to invest up to US$250 million in DBS, the leading Singapore-based financial services group. The IFC proposed investment involves a 50-50 equal risk-sharing
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