Tagged: temasek

May 14, 2020 @ 7:28 pm By JD Alois  |  

The Libra Association has added three new members: Temasek, Paradigm, and Slow Ventures. Launched by Facebook, the Libra Association is a Switzerland-based independent entity seeking to launch a blockchain-based payment system. Recently, Libra tweaked its white-paper backing away from its original intent to launch a… Read More

January 26, 2020 @ 7:17 am By Omar Faridi  |  

Tokopedia, an Indonesia-based e-commerce marketplace, is reportedly in the final stages of closing an investment round valued at around $1.5 billion from Japan’s Softbank, China’s Alibaba Group and Singapore-based Temasek. The Tokopedia marketplace, which is notably the largest of its kind in Indonesia, is now… Read More

November 11, 2019 @ 12:44 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) is partnering with JP Morgan Chase (NYSE:JPM) and Temasek on a blockchain-based payments platform that is capable of handling different currencies. JP Morgan has previously announced the development of an in-house crypto labeled JPM Coin. The eventual goal is… Read More

October 16, 2019 @ 10:31 am By Omar Faridi  |  

Southeast Asia’s internet and e-commerce economy is growing steadily due to the widespread use of mobile phones. The region’s middle class has also been growing, according to a recent report compiled by Google, Temasek and Bain & Company. Published earlier this month, the e-Conomy SEA… Read More

August 19, 2018 @ 7:00 pm By JD Alois  |  

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

July 31, 2018 @ 11:04 pm By JD Alois  |  

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

May 31, 2018 @ 9:18 pm By Samantha Hurst  |  

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

September 11, 2016 @ 10:02 pm By JD Alois  |  

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

July 26, 2016 @ 11:52 am By Erin Hobey  |  

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

September 1, 2015 @ 12:30 pm By Erin Hobey  |  

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

August 11, 2015 @ 4:24 pm By Samantha Hurst  |  

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

April 3, 2015 @ 2:50 am By Midori Yoshimura  |  

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

April 2, 2015 @ 9:52 am By Erin Hobey  |  

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