Tagged: temasek

Report: Temasek Bails on Traditional Finance to Focus on Fintech

Temasek Holdings, an investment fund owned by the government of Singapore (Singapore Minister for Finance is the sole shareholder), is exiting traditional finance to focus on Fintech. This is according to a report in the Straits Times that said Temasek has sold of its holdings… Read More

Peer to Peer Lender Validus Capital Tops S$100 Million in Loans

Singapore based online lender Validus is reporting a milestone of having originated over S$ 100 million in loans to SMEs. Validus is claiming to the be Southeast Asia’s fastest growing SME lender. Validus is licensed by the Monetary Authority of Singapore (MAS) and is also… Read More

PayPal & Temasek Acquires Minority Take in India Digital Retail Payments Platform Pine Labs

Money Benjamin Dollars 100

Pine Labs, an India-based digital payments platform, announced on Thursday Temasek, a global investment company headquartered in Singapore, and PayPal Holdings Inc., have acquired minority stakes in the company for a combined $125 million. The latest investment comes just a couple of months after Pine Labs secured $82… Read More

OurCrowd Joins in $38 million Funding Round of Celeno

Celeno Communications, an Israel-based creator of wifi chips and other technology, has closed a $38 million funding round to fuel company expansion. The round was led by Red Dot Capital Partners – a sister entity of Singapore-based Temasek. Temasek is owned by the government of Singapore and maintains an… Read More

News Corp VCCEdge India FinServ Insights: India Fintech’s 23 Deals Harvest $184 million

News Corp VCCircle, Indian publisher of startup and private equity news, data and information, released News Corp VCCEdge India FinServ Insights related to funding in India’s Fintech sector, with a focus on segments of online personal finance and lending, reported BWDisrupt. News Corp VCCEdge, the financial… Read More

Singapore’s Temasek Holdings in Talks with India’s Zomato: New Funding Needed for Expansion of Online Restaurant Review and Food Ordering Platform

It’s meal time, a time when Zomato’s site is likely swarmed with hits.  If you are not yet familiar with Zomato, click here to see if the platform services your city. From Vancouver to Auckland, Zomato is used by millions of hungry people every day to decide… Read More

Kansas City Fintech Firm C2FO Reports Q2 2015 Working Capital Volume Growth & $40M Round of Equity Funding

C2FO, a Kansas City fintech firm, reported its 2015 Q2 working capital flows of $5.4BN, more than four times the rate compared to $1.2BN in Q2 2014. This record was fueled by a substantial increase in supplier early payment demand. Q2 2015 C2FO record milestones include:… Read More

Funding Circle In Talks With Singaporean Fund Temasek To Raise Capital For Expansion

Funding Circle, which claims to be the “world’s leading online marketplace lender exclusively focused on small business,” is in advanced talks with Temasek Holdings, a Singaporean sovereign wealth fund, to sell a stake in itself, according to Sky News. The move is part of a fundraising effort–to… Read More

BlackRock & Singapore’s Temasek to Buy Stakes in Funding Circle

Singapore’s sovereign wealth fund Temasek and money manager BlackRock are set to buy stakes in Funding Circle in deals that could value the British peer-to-peer lending platform at more than $1 billion, reported Sky News today. Temasek plans to invest about 30 million pounds ($44.4 million)… Read More

Send this to a friend