Funding
Singapore Fintech Unicorn Startups: Past, Present, and Future
Singapore was recently ranked the fourth-best country globally for unicorn startups by Money.co.uk, a financial research website, which reported that it takes an average of 6 years and 11 months for Singapore’s unicorns to reach a valuation of US$1 billion.
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Former Lazada Execs’ Insurtech Lifepal Raises US$9 Million in Series A Fundraise
Lifepal, an Indonesian digital direct-to-consumer (D2C) insurance marketplace, announced it has raised an oversubscribed US$9 million Series A funding round, bringing the total capital raised to US$12 million. The funding round was led by ProBatus Capital with participation from Cathay
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SPACs On The SGX: An Insight into SGX’s Proposed Listing Framework
In recent days, special purpose acquisition companies, or SPACs, have been growing in popularity among founders who are keen to take their companies public in a faster way than traditional initial public offerings (IPOs). Grab, the Singapore-headquartered mobile technology company,
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Rapyd Secures US$300 Million From Series E Fundraise To Support Its Expansion Plans
Rapyd, a Fintech-as-a-Service company which provides APIs that helps integrate local payments and fintech capabilities, announced a US$300 million Series E funding round led by Target Global. Joining the round are several new investors including funds managed by Fidelity Management
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Bitmain’s Spin-off Matrixport Valued Over US$1 Billion With US$129 Million Fundraise
Matrixport, a digital assets financial services platform that is a spin-off of Bitmain, has closed its US$129 million Series C funding round with a valuation of over US$1 billion two years since its inception. The Singapore-based startup has raised US$129
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Crypto Firm Fireblocks Bags US$310M From Sequoia, Siam Commercial Bank’s VC Arm
New York-based digital asset custodian Fireblocks announced that it has raised US$310 million in a Series D funding round, boosting the company’s valuation to US$2 billion. The round was co-led by Sequoia Capital, Stripes, Spark Capital, Coatue, DRW VC and
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Nium Joins the Unicorn Club With Its Latest US$200 Million Series D Fundraise
Singaporean B2B payments platform Nium is now a unicorn after having raised more than US$200 million in a Series D round led by Riverwood Capital. The firm has now raised nearly US$300 million to date. Temasek, Visa, Vertex Ventures, Atinum
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Siam Commercial Bank’s VC Arm to Invest In DeFi Asset Aggregator Ape Board
SCB 10X, the venture arm of Siam Commercial Bank, has announced its latest investment in the decentralised finance (DeFi) sector via asset aggregator and portfolio dashboard, Ape Board. The company, which now has more than 350,000 users, within 4 months
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Robo Advisor Syfe Secures S$40 Million in a Series B Funding Round
Singaporean robo advisor Syfe announced that it has secured SG$40 million (US$30 million) during its Series B funding round. The fundraise was led by US-based Valar Ventures, the venture capital fund co-founded by Peter Thiel, which led Syfe’s Series A.
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Top 15 Fintech Funding Rounds in H1 2021 Exceed US$ 11 Billion
Fintech companies are having a record year 2021. In Q1’21, venture capital (VC)-backed fintech companies raised US$22.8 billion, making it the largest funding quarter since 2018, according to CB Insights. Fintech funding growth was global with nearly every continent recording
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