Funding

VerifyVASP Raises Series A Funding at $100M Valuation Led by FTX Ventures

Compliance startup VerifyVASP has concluded its Series A investment at a US$100 million valuation. FTX Ventures together with Peak Capital and Bcharu invested US$5 million into the company to cement its position as a Travel Rule solution trusted by virtual

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Singapore Fintech Funding Hits 3-Year High at US$2.14B, Payments Takes the Spotlight

Fintech funding in Singapore hit a three-year high in the first half of 2022 (H1’22) with US$2.14 billion, though still less than the US$2.51 billion recorded in the second half of 2021 (H2’21), according to KPMG’s Pulse of Fintech H1’22 report.

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RABC Group Raises US$6.7 Million in Series A Led by Japan’s SBI Group

RABC Group, a Singapore-headquartered fintech firm with subsidiaries in China and Japan, announced the successful raise of US$6.7 million in Series A funding round led by Japan’s SBI Group. Other investors that participated in the fundraise include Sumitomo Mitsui Banking

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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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