Category: Start-ups
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LINE MAN Wongnai Raises US$265M Series-B Funding, Led by GIC and LINE
LINE MAN Wongnai announced that it has raised US$265 million in a Series-B investment round led by GIC, Singapore’s sovereign wealth fund, and LINE Corporation. This fundraising round was also joined by BRV Capital Management, PTT Oil and Retail Business Public Company Limited (OR), Bualuang Ventures and Taiwan Mobile. With this investment, LINE MAN Wongnai has achieved a […]
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SMU’s Business Innovations Generator August 2022 cohort attracts start-ups focusing on Sustainability, Edtech, and F&B
Singapore Management University’s (SMU) Institute of Innovation and Entrepreneurship (IIE) have announced the August 2022 cohort of its flagship Business Innovations Generator (BIG) incubation programme. With more than 100 applications from all over the world, a total of 37 early-stage start-ups have successfully been accepted into the programme’s final intake for the year. As a […]
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Home-Grown Company, The Kinetic Option, set to make waves in surfing scene
Homegrown company The Kinetic Option (TKO) is set to revolutionise the surfing scene, making a splash with the company’s first product – the TKO 001 – a zero-emission electric surfboard that can be used on any body of water – lakes, rivers, reservoirs and off the coast. The TKO 001 is a battery-operated surfboard […]
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TransformHub Partners with Property Investment Platform to Redefine Real Estate Investment
TransformHub, a Singapore-headquartered end-to-end digital solutions provider has announced a customer win with Briix, a real-estate investment and wealth management platform. The partnership allows investors to discover, compare and invest in real estate, through an intuitive digital platform, securely. The partnership leveraging TransformHub’s expertise in technology consulting and delivery was aimed at transforming Briix’s product vision of […]
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Validus and Citi establish USD 100 million facility to drive SME financing
Validus and Citibank N.A. (Citi) has announced the establishment of a USD 100 million securitisation facility, collateralised by SME loans originated by Validus in Singapore. This collaboration between a large global bank and a fintech is the first-of-its-kind in Southeast Asia in terms of deal and structure and was launched in early Q2 this year. The facility is also supported by First Plus Asset Management Pte. Ltd. […]
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S&P Global invests in Handshakes
Handshakes, an award-winning data analytics and risk monitoring solution specializing in corporate intelligence, closed its latest investment round led by S&P Global and Nikkei Inc. S&P Global is the third corporate investor, joining earlier investors Nikkei Inc and SPH Media Holdings Pte Ltd. S&P Global has taken a new 15.87% stake, Nikkei Inc increased their […]
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Singtel to invest an additional US$100 million into innovative technology start-ups through Singtel Innov8
Singtel has announced its plan to invest a further US$100 million into Singtel Innov8, its corporate venture arm, raising its total capital commitment to US$350 million. One of the earliest corporate venture capital firms in Southeast Asia, Innov8 invests in start-ups that align with Singtel Group businesses in the areas of 5G, Artificial Intelligence, the […]
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Sneaker Marketplace, Novelship, Partners with TripleA to Pay Sellers in Crypto
Asia’s fastest-growing marketplace for limited-edition sneakers, streetwear, and collectibles, announced the launch of its Crypto payout feature. In partnership with TripleA, a crypto payment gateway licensed by the Monetary Authority of Singapore (MAS), sellers on Novelship can now opt to be paid with cryptocurrencies. TripleA will help sellers on Novelship receive their payments instantly, compared to […]
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Rainforest Raises US$45 Million In Equity Funding To Grow Portfolio Of Brands For The Modern Mum
Rainforest, a mums-focused e-commerce brand aggregator, has raised US$45 million in a first close led by Canopy Tropics, backed by Southern Capital Group. Returning investors, Monks Hill Ventures, Insignia Venture Partners, and January Capital also participated in the round. This latest financing brings Rainforest’s total capital to over US$100 million since its launch in January 2021, the company further expects […]
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SeedLegals joins hands with Mastercard to scale up startups and SMEs in APAC with data-driven automated legaltech
Legaltech platform SeedLegals has partnered with leading digital payments network Mastercard, to bring their seamless and integrated legal solution to startups and SMEs in Singapore through Mastercard’s Priceless Specials program. Southeast Asian startups are experiencing an unprecedented innovation boom, and this upward trend is expected to continue to grow to a value of US$1 trillion […]
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