Funding
Proxtera Raises Seed Funding From Ant Group, CerraCap Ventures, and EDBI
Proxtera announced the first close of its seed funding round by Ant Group, CerraCap Ventures, and EDBI. Details of the fundraise was not disclosed. The funding will be used as working capital to further develop the company’s digital cross-border trade
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Walmart Invests US$200 Million in PhonePe
Indian digital payments company PhonePe announced that it has secured an additional US$200 million from Walmart, bringing its total funds raised for this tranche to US$650 million. The raise places PhonePe’s pre-money valuation at US$12 billion. PhonePe said that it
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Stripe Raises US$6.5 Billion at a Valuation Slashed by Almost Half
Stripe, a payments and financial services providers for businesses, has raised more than US$6.5 billion in a at a US$50 billion valuation, a sharp decline from its 2021 valuation of US$95 billion. Despite the 47% discount from its record valuation,
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DBS, Heritas Capital Raises Over US$20 Million for First Close of Asia Impact First Fund
DBS and Singapore-based investment company Heritas Capital announced the first close of the Asia Impact First Fund (AIFF) with over US$20 million raised to support innovative and high-growth social enterprises in the region. The fund was led by anchor investor
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Meet the 10 Startups Selected for Tenity’s Singapore Incubation Programme
Tenity, a fintech accelerator formerly known as F10, has selected 10 early-stage startups from 3 countries for the 5th edition of its incubation programme running out of Singapore. The pre-seed startups, selected from nearly 250 applications, will receive an initial
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Y Combinator Makes Job Cuts to Shift Focus Back to Early Stage Investing
Technology startup accelerator Y Combinator (YC) announced that it will be shifting its focus back to early stage investing and is forced to make some layoffs as a result. YC’s President and CEO Garry Tan said in a blog that
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SaaS Fintech Growfin Raises US$7.5M to Help CFOs Manage Cashflow
SaaS fintech startup Growfin announced that it has raised a US$7.5 million Series A funding round to provide real-time visibility and predictability in cash flow for modern CFOs. The funding round was led by Singapore’s SWC Global with participation from
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Carro Secures Investment From ZA Tech to Enhance Product Offerings
Southeast Asian used car marketplace Carro announced that it has secured an investment from Singapore-based insurtech company ZA Tech Global for an undisclosed sum. The investment enables Carro to leverage ZA Tech’s suite of insurtech solutions to distribute personalised insurance
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Blockchain Founders Fund Bags US$75M to Invest in Web3, Blockchain Startups
Blockchain Founders Fund (BFF) announced the final close of its US$ 75 million Fund II to invest in pre-seed and seed stage Web3 and blockchain startups. The fund was joined by Polygon, Ripple, Octava, NEO Global Capital (NGC), Appworks, Sebastien
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Singapore Hits Highest Fintech Funding in 3 Years, Crypto Snagged US$1.2 Billion
Fintech investments in Singapore witnessed a three-year-high of US$4.1 billion across 250 deals according to the KPMG Pulse of Fintech H2’22. 2022’s total deal value here saw a 22 percent increase, up from US$3.4 billion in 2021, and a 75
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