Funding
Singaporean Insurtech Bolttech Clinches Unicorn Status With US$180 Million Series A
Singaporean insurtech firm bolttech announced the completion of an oversubscribed US$180 million series A funding round which values it at more than US$1 billion, giving it unicorn status only one year after its launch in 2020. The fundraise led by
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Wealthtech Endowus Secures Investment From UBS, Samsung and Singtel
Endowus, a Singaporean MAS-licensed digital wealth platform, announced that it has received an undisclosed sum from strategic investors UBS AG, Samsung Ventures and Singtel Innov8. They were joined by venture capital investors Lightspeed Venture Partners and SoftBank Ventures Asia. UBS
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Blockchain Analytics Firm Raises US$100 Million at a US$4.2 Billion Valuation
Chainalysis, a New York-based blockchain data platform, announced it secured a US$100 million Series E financing led by Coatue, bringing its valuation to US$4.2 billion. Previous investors Benchmark, Accel, Addition, Dragoneer, Durable Capital Partners, and 9Yards Capital increased their investment
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New Fintech Angel Investor Network Launched With Execs From Grab, PayPal and Stripe
Senior executives from the largest fintechs in Southeast Asia have banded together to launch Fintech Angel Operators, a network of up to 100 angel investors bringing their on-the-ground expertise to early-stage startups. The founding team, from Saison Capital and Finantier,
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Open Finance Startup Finantier Raises Undisclosed 7-Figure Seed Funding
Finantier, an Indonesian open finance API platform, has raised an undisclosed 7-figure sum in a seed funding round led by Global Founders Capital and East Ventures. The round was oversubscribed, and funds were raised at a post-money valuation of more
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Nityo Invests US$100 Million in MatchMove to Become Its Largest Shareholder
IT services provider Nityo Infotech has invested US$ 100 million in Singaporean fintech MatchMove Pay in return for a significant equity stake, becoming the largest shareholder in the latter’s firm. Nityo said in a statement that it values the company
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Rapyd Creates Venture Arm to Invest in Early Stage Fintech Startups
Rapyd, a global Fintech-as-a-Service company, announced the launch of Rapyd Ventures, its new venture arm that will focus on investing in early and growth stage businesses. The new venture arm will be led by Joel Yarbrough, MD of Rapyd Ventures
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FinLync Secures US$16 Million to Support Global Expansion
FinLync, a privately held, global fintech company transforming corporate finance and treasury offices through its world-class products, announced that it has closed a US$16 million equity funding round. Point72 Ventures led the financing which included investments from Nyca Partners, former
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Grab Financial’s Funding Represented 63% of Singapore’s Fintech Fundraising in Q1
In Q1 2021, Singaporean fintech companies raised a staggering S$656 million in equity funding, a 355% increase compared to the same period last year, data from the Boston Consulting Group (BCG) show. The large figure, which represents about 46% of
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Cross-Border Payments Firm Thunes Bags US$60 Million in Latest Fundraise
Thunes, a Singaporean cross-border payments network, has raised US$60 million in a Series B growth round led by global private equity and venture capital firm Insight Partners, with participation from existing shareholders. The current investment round brings the company’s total
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