Funding
7 Prominent Fintech Investors in Singapore Backing The Ecosystem
In 2023, Singapore continued to dominate the Southeast Asian fintech landscape, securing a total of US$747 million in funding in the first nine months of the year or 59% of all fintech investments in ASEAN, according to data from UOB,
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Sygnum Secures Over US$40 Million in Strategic Growth Funding Round
Global digital asset banking group Sygnum has reported an interim close of its Strategic Growth Round, successfully raising over US$40 million, surpassing its initial target of around US$35 million. This funding has elevated the company’s post-money valuation to US$900 million.
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Flowdesk Raises US$50M, Plans Expansion and Regulatory Licensing in Singapore
Flowdesk, a full-service digital asset trading technology firm, has secured a US$50 million investment in a Series B funding round. The round, led by Cathay Innovation, included participation from entities such as Cathay Ledger Fund, Eurazeo, ISAI, Speedinvest, BPI, and
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Software Startup Bluesheets Raises US$3.5M in Series A Funding
Bluesheets, a Singapore financial automation software company, has successfully secured US$3.5 million in fresh equity funding during its Series A funding round, as confirmed by regulatory filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA). Illuminate Financial Management, a venture
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Singapore Made Up 59% of ASEAN Fintech Deals in 2023 Amid Funding Winter
In the recent past, Singapore’s fintech sector has emerged as a beacon of innovation and growth within the ASEAN region. However over the past year, the fintech sector in Singapore, reflecting global trends, is currently experiencing a significant funding slowdown.
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Sequoia-Backed Aspire Reportedly Gets US$79M Funding From US Holding Firm
Singapore-based B2B fintech firm Aspire has received US$79.15 million in funding from its US-based holding company, according to latest filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA) obtained by DealStreetAsia. According to the ACRA filings, this investment will be
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Who Are The Most Active Angel Investors in Singapore’s Fintech Scene?
Over the past decade, Southeast Asia has emerged as one of the fastest-growing markets and attracted numerous talented entrepreneurs. Despite this growth, innovative ventures and startup founders are facing challenges in accessing sufficient financial support. Angel investors in Singapore play
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Validus Raises US$10 Million in Debt Funding from Lendable
Southeast Asian SME financing platform Validus has secured US$10 million in debt financing from debt finance provider Lendable. According to Lendable, the investment was made as it “recognises Validus’s potential in fulfilling the region’s SME financing needs through its innovative
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GXS Bank Receives Continued Backing from Grab with US$109 Million Injection
Southeast Asian superapp Grab funneled an additional S$145.10 million (approximately US$109 million) into GXS Bank. This move was made through its wholly-owned subsidiary As-DB Holdings Pte Ltd., according to regulatory filings obtained by DealStreetAsia. GXS Bank, a joint venture between
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VPBank’s Subsidiary Invests US$30 Million in Vietnam’s Be Group
Be Group, a Vietnamese ride-hailing company and competitor of Grab superapp, has secured 739.5 billion dong (approximately US$30 million) from VPBank Securities, a subsidiary of Vietnam Prosperity Joint Stock Commercial Bank (VPBank). Through this investment, VPBank Securities will be a
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