Funding
How World Bank’s US$ 250m Investment Will Fuel Indonesia’s Digital ID Revolution
The World Bank Group is issuing US$250 million to Indonesia as part of a wide-ranging move to strengthen the country’s digital identity, or ID, systems in what could see sweeping changes to how people can access (and make payments, among
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Singapore Fintech Sector Moves to Scale-Up Phase
Over the years, Singapore has successfully fostered the development of a striving fintech ecosystem, leveraging its historical financial, technological and regulatory strengths. Today, Singapore is one of the Southeast Asia’s fintech leaders and is home to a vast community of
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East Ventures to Invest US$500K in Winners of Its Hackathon for Laid-off Tech Talent
Indonesia-focused venture capital firm East Ventures announced that it has selected 30 teams from its hackathon programme for laid-off tech employees, PASTI BISA, Maju Terus Pantang Mundur (IDPB MTPM). The programme received a total of 270 submissions where 120 shortlisted
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Temasek-Backed Amber Bags US$300M Series C Amidst Mass Layoffs, Sparrow Acquisition
Global digital asset platform Amber Group announced that it has completed its US$300 million Series C round led by Fenbushi Capital US. The latest round also saw participation from various other crypto-native investors and family offices that were . Amber
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Validus Secures Funding for Its Series C-1 Fundraise
Southeast Asian SME financing platform Validus today announced that it has raised its Series C-1 funding round. Details of the fundraise was not disclosed. New investors joining the round include NongHyup Financial Group, NorinChukin Bank, Aizawa Asset Management and Lotte
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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
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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
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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
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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
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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
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