Tagged: singapore

Big SPAC Deal Grab Sinks on Trading Debut

Grab, an Asian delivery firm and Fintech, traded on the Nasdaq today as part of a SPAC deal that raised gross proceeds of USD $4.5 billion in the largest-ever U.S. public market debut by a Southeast Asian company. The value of the deal was pegged… Read More

Asian Crypto Payments Firm TripleA Granted MAS Digital Payment License, 170+ Applications Received

Asian cryptocurrency payments company TripleA has been granted a digital payment token license by the Monetary Authority of Singapore (MAS). TripleA is the first standard payment institution to receive this license, the company said. The designation allows TripleA to provide end-to-end cryptocurrency payment services for… Read More

Singaporean Digital Wealth App Endowus Raises $27M to Make Total 2021 Raise $50M

Endowus, a digital wealth app based in the Fintech hotbed of Singapore, this week announced it has raised $27 million. The new capital infusion brings its total 2021 raise to $50 million. Prosus Ventures and EDBI led the round, with contributions from Z Holdings and… Read More

Crypto.com Exchange Introduces International USD Deposits, Withdrawals with Assistance from Silvergate

Crypto.com Exchange has announced that it’s working with Silvergate, the provider of financial infrastructure solutions to the virtual currency industry, in order to introduce USD deposits and withdrawals to its institutional clients. As mentioned in an update shared with CI, this integration is “an additional… Read More

Singapore based Fintech YouTrip Raises US$30 Million Series A

  YouTrip, a digital financial services platform and aspiring neobank, has raised US$ 30 million in Series A funding, according to a company statement. YouTrip is a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) that launched in Singapore in 2018 and… Read More

Supply Chain Finance Tech Platform, Linklogis, Establishes Singapore Office

One of Asia’s most established supply chain finance tech solution providers, Linklogis, has announced that it has launched a branch office in Singapore. The new office aims to support Linklogis’ plans to open a virtual bank in Singapore in early 2022, by using the digital… Read More

Cross Border Payment Firm Thunes Hires Multiple Executives in Global Push

Thunes, a payments Fintech that operates globally, has hired multiple executives as part of a move to boost international expansion. While based in Singapore, Thunes has offices around the world. According to a company release, Thunes has hired four executives to guide the firm in… Read More

Singaporean Digital Assets Trading Platform Sparrow to Accept PayNow Transfers

Sparrow, a Singapore-based digital assets trading platform, now accepts PayNow transfers for institutional customers, the platform announced today. The PayNow transfer service allows Singaporeans to receive money into their bank account through their National Registration Identity Card (NRIC), which is similar to a Social Security… Read More

Funding Societies Publishes Impact Report: Digital Finance is Helping Small Businesses Across Asia

Funding Societies, an Asian digital finance platform supporting SMEs, has published a regional study to mark 5 years of online lending. Funding Societies originates microloans from USD $500 up to US$1.5 million, which can be disbursed in as fast as 24 hours. The report notes… Read More

Singapore’s BNPL Fintech Pace Secures $40M via Series A from UOB Venture Management Others

Singapore-headquartered Pace, a Buy-Now-Pay-Later (BNPL) service provider, has acquired $40 million in capital as part of its Series A round. Investors that participated in Pace’s investment round include UOB Venture Management (Singapore), Marubeni Ventures (Japan), Atinum Partners (South Korea), AppWorks (Taiwan), and several family offices… Read More

Private Digital Securities Exchange ADDX Tokenizes Credit Fund by Temasek

ADDX (formerly doing business as iSTOX) has tokenized a credit fund by Temasek-owned SeaTown. According to the company the deal reduces the fund’s minimum investment size from US$5 million to US$20,000, enabling fractional access to a private credit fund with more than USD $1 billion… Read More

VeChain Foundation Announces Proof of Authority 2.0 Upgrade (Phase 1) on VeChainThor Mainnet

The VeChain Foundation notes that after many months of hard work and dedicated effort, the arrival of Block #10653500 on the VeChainThor mainnet “officially marks the upgrade to PoA 2.0 phase 1 and the first steps towards the full-form of [their] protocol upgrade.” As they… Read More

Super-app Grab Sees Service Disruption Weeks Ahead of Expected $40B SPAC Completion

Southeast Asian “super-app” Grab is working to restore service today, the company said. Customers across Singapore, Thailand, Malaysia, and Indonesia have reported trouble using the super-app, with some voicing their frustrations on social media. “We experienced a service disruption this morning that impacted a number… Read More

Digital Asset Trading Platform Sparrow Secures $4.4M via Series A Led by Gain Loyal Pte Ltd

Sparrow, a crypto-assets trading platform with head offices in Singapore, recently acquired $4.4 million in capital via a Series A round that was led by Gain Loyal Pte Ltd. As mentioned in the announcement, Gain Loyal Pte Ltd is an established investment firm that focuses… Read More

Bank of Negara Malaysia and Payments Network Malaysia or PayNet to Enhance Cross-Border Transactions

Bank Negara Malaysia (BNM) and Payments Network Malaysia (PayNet) will reportedly be taking part in Project Nexus by working cooperatively with various partners on a proof-of-concept (PoC) to enhance the cost and speed of performing international payments. Project Nexus will aim to look into the… Read More

Digital Transformation: Standard Chartered Leverages SAP Multi-Bank Connectivity Cloud Service for Corporate-to-Bank Integration

Standard Chartered (LON: STAN) has reportedy tapped the SAP Multi-Bank Connectivity solution and has also joined as a member bank, “aiming to offer an enhanced experience to corporate clients in meeting their transactional banking needs, simplifying the onboarding process, and delivering both traditional and new… Read More

SFF Asian FinTech Association Roundtable – Virtual

SFF Asian FinTech Association Roundtable Understand the FinTech landscape across 8 countries in 90 minutes. Date: 11 Nov 2021 Time: 10 am – 11.30 am SGT Format: Fully Virtual Speakers Tomas Pokorny, Chair of Membership, Sponsorship and Community Committee, Cambodian Association of Finance and Technology… Read More

Stockholm’s Scila AB, a Provider of Trade Surveillance, AML Tech, Establishes New Singapore Office

Scila AB, the Stockholm-headquartered independent provider of trade surveillance, anti-money laundering and risk management tech, has established a new regional office in Singapore “covering the Asia-Pacific region.” As mentioned in a release, Scila has worked cooperatively with clients in the APAC region since 2009, and… Read More

Digital Securites Marketplace ADDX and Tokai Tokyo to Provide Security Tokens in Japan

ADDX and Tokai Tokyo will provde access to digital securities in Japan following the receipt of a security token license by the Japanese Financial Services Agency. ADDX, formerly known as iSTOX, is an online marketplace for digital securities including fractional shares. ADDX  has been approved… Read More

Fraxtor Celebrates $1.25M Pre-Series A Boost to Tokenized Real Estate Platform

Fraxtor, a Singapore-based real estate tokenization investment platform, has raised $1.25 million in a pre-Series A funding round, the company announced this week. The event saw participation from family offices such as Baksh Capital and Andes Fund Management. The funds raised will be utilized to… Read More

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