Funding
Temasek Led Crypto Platform Amber Group’s US$200 Million Series B+ Fundraise
Amber Group, a global digital asset platform, announced that it has secured US$200 million in a Series B+ round led by investment company Temasek, valuing the company at US$3 billion. This is a significant follow-up to Amber Group’s US$100 million
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SJ Mobile Labs Raises US$2.85 Million Seed Round to Push Fintech Innovation in Japan
Singapore Japan Mobile Labs (SJ Mobile Labs), a new venture focused on fintech innovation in the Japanese market, has raised a US$ 2.85 million seed round. The round was led by Saison Capital and joined by Apis Insurtech Fund I
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DBS Pledges Additional SGD 100 Million to Fund Social Enterprises
DBS announced that it is committing an additional SGD 100 million to the DBS Foundation which will expand its efforts in helping social enterprises and businesses-for-impact to grow. The funds will enable these startups to grow from the ideation stage
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Siam Commercial Bank Pours in US$100 Million Into Indonesia’s Akulaku
Akulaku, an Indonesian Buy Now Pay Later (BNPL) player, announced that it has received US$100 million from the Siam Commercial Bank (SCB). This follows Akulaku’s successful fundraise of US$125 million in 2021 that was co-led by Silverhorn Group who was
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Funding Societies Raises US$294 Million in Series C+ Led by SoftBank
Funding Societies, a Southeast Asian SME digital financing platform which goes by Modalku in Indonesia, today announced that it has raised US$144 million in an oversubscribed Series C+ equity round. The round was led by SoftBank Vision Fund 2 with
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Top 10 Most Well-Funded Fintechs in India
Globally the fintech scene was seeing record funding rounds in 2021, India being a global fintech powerhouse similarly experienced a stellar year of growth and funding. Startups in the space raised a record of US$6.9 billion, up 331% from the
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Vietnam’s Retail Investment App Infina Bags US$6 Million in Seed Funding
Vietnam’s retail investment app Infina announced they have closed US$6 million in seed funding from Sequoia Capital India’s Surge, Y Combinator, Saison Capital, Starling Ventures, Alpha JWC, and AppWorks. Infina was part of Surge’s sixth cohort which is a rapid
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Franklin Templeton and F10 Launches Early-Stage Fintech Incubator in Singapore
Asset manager Franklin Templeton has partnered with fintech startup accelerator F10 for a two-year joint incubation programme in Singapore which will kick-off in July 2022. The “FT Singapore Fintech Incubator” will be supporting early-stage fintech startups in Singapore and the
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Indonesian Open API Platform Ayoconnect Raises US$15 Million Series B
Indonesian open finance platform Ayoconnect announced that it has closed a US$15 million series B financing round led by Tiger Global. The round was joined by PayU, the payments and fintech business of Prosus, and Alto Partners, as well as
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Personetics Secures US$85 Million Investment From Thoma Bravo
Personetics, a global provider of data-driven personalisation solutions, announced it has raised US$85 million from software investment firm Thoma Bravo. The firm will be partnering with Thoma Bravo to leverage the latter’s operational expertise in software and financial technology. The
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