Funding
MAS Pledges S$42 Million to Fast Track Regtech Adoption
The Monetary Authority of Singapore (MAS) has committed S$42 million for a new regtech grant as well as the enhanced Digital Acceleration Grant (DAG) to accelerate technology adoption in the financial sector. These grants are part of the S$250 million
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StashAway To Raise US$ 25 Million Series D Led by Sequoia Capital India
Southeast Asian digital wealth manager StashAway is raising US$ 25 million in its Series D funding round led by venture firm Sequoia Capital India. StashAway’s existing investors, Eight Roads Ventures, the global investment firm backed by Fidelity International and early
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R3’s Fund Records US$10 Million in Investment Into 20 Early-Stage Blockchain Startups
Global enterprise software firm R3’s Development Fund announced that it has hit the US$ 10 million mark in capital deployed across over 30 investments in more than 20 promising early-stage blockchain and confidential computing companies. The fund invests in startups
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STACS Raises S$4.8 Million Ahead of Series A Funding Round
Singaporean blockchain development company Hashstacs (STACS) announced the completion of its US$ 3.6 million (S$ 4.8 million) pre-Series A funding round, bringing its fundraising total to more than US$ 6 million (S$ 8 million). The fundraise led by Wavemaker Partners
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India’s Razorpay Triples its Valuation to $3 Billion as It Eyes South East Asia
Indian payments firm Razorpay announced that it has secured US$160 million during its Series E funding round which has tripled its valuation to US$ 3 billion. The funding round was co-led by GIC, Sequoia along with Ribbit Capital and Matrix
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SPAC Frenzy Takes Hold of Asia
After explosive growth in the US, the craze surrounding special purpose acquisition companies, or SPACs, is now heading to Asia. Analysts believe that Southeast Asia, where the tech startup scene has thrived on economic growth and a need to boost
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Top 10 Fintech Funding Mega Rounds in Asia Pacific in 2021 so Far
Fintech funding significantly picked up this year and is estimated to have reached US$15 billion in Q1’21, data from CB Insights show. In Asia, fintech investments are projected to surpass US$2.6 billion, the region’s highest quarterly total since Q1’20. Driving
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Singapore-Based Neobank StashFin Raises US$ 40 Million in Series B Extension
StashFin, a Singapore-based neo-banking startup, announced the successful completion of the extension of its Series B equity financing of US$ 40 million. New investors participating in the round include Altara Ventures and Uncorrelated Ventures with previous investments from Integrated Capital,
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Wealthtech Endowus Raises S$23 Million to Fuel Its Expansion Plans in Asia
Singapore-based digital wealth advisor Endowus announced that it has completed a S$23 million first close of its Series A funding round. It was led by Lightspeed Venture Partners, a global venture capital firm, with participation from SoftBank Ventures Asia. Endowus
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Fintech Funding for APAC in 2021 Predicted to Be Favourable
Fintech companies in Asia-Pacific (APAC) raised US$3.14 billion across 113 deals in Q4’20 (excluding capital raised by Grab and GoJek), the highest quarterly funding activity for the year. This signals a bright outlook for fintech funding and deal activity in
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