Funding
iPiD Bags US$3.3 Million Seed Funding, Names SWIFT Exec as Chief Commercial Officer
Fintech startup International Payments Identity (iPiD) announced a US$3.3 million seed funding round and the appointment of Alain Raes, a long-time payments industry expert and former SWIFT executive, as its Chief Commercial Officer. iPiD secured the funds from Rapyd Ventures,
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SolanaFM Raises S$6.3 Million Seed Funding Led by SBI Group
SolanaFM, a Solana blockchain explorer offering indexing and analytical services, announced that it has secured S$6.3 million in a seed funding round spearheaded by SBI Group’s Digital Asset Opportunity Fund. The seed round was also joined by Zee Prime, Spartan
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FOMO Pay Raises US$13 Million in Series A Round Led by Jump Crypto
Singapore-based major payments institution licensee FOMO Pay announced that it has secured a US$ 13 million investment for its Series A funding round led by Jump Crypto. Other participating investors include HashKey Capital, Antalpha Ventures, Ab Initio Capital, and Republic
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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
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Temasek 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
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Singtel 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,
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Fintech 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
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Global 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
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Hugosave 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$10.5 million. The majority of funding was provided by current shareholders, including 1982 Ventures
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Earned Wage Access Startup Kini Raises US$ 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
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