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The firm is said to be exploring opportunities in Southeast Asia and other emerging markets, such as India and Latin America, to grow its fintech business. The financial technology arm of Singapore gaming and technology brand Razer said that while awaiting…
Three fashion-tech businesses, all graduates of Singapore’s Textile and Fashion Federations’ Bridge Fashion Incubator program, are launching this month. The three businesses—Shop Bettr, Republiqe and Tropick, are “some of the most promising innovative…
Indonesian ride-hailing operator Gojek and Deliveroo, the food-delivery service, have joined forces in Singapore. Following a change in law allowing taxis to provide food and grocery deliveries – in response to increased demand during the Covid-19 lockdown –…
Deliveroo Singapore is partnering with WeCare@MarineParade to deliver iftar meals to vulnerable Muslim families to enjoy during Ramadan. As part of a joint partnership between WeCare@MarineParade, Islamic Restaurant Singapore and Deliveroo, Deliveroo riders…
In 2013, Simon Loong launched Hong Kong fintech WeLab using a small loan — just four years later the business was profitable. As one of the leaders of the second FT Asia-Pacific High Growth Companies ranking, WeLab’s story is testament to the favorable…
Grab has appointed a chief financial officer with extensive experience in scaling rapidly growing technology companies. Based in Singapore, Peter Oey reports to group CEO and co-founder Anthony Tan. He will be responsible for finance operations, treasury,…
The ongoing coronavirus outbreak has caused capital flows into mainland China’s startups to plunge 60 percent year-to-date. Year-to-date, Chinese startup fundraising registered $1.79 billion from a 6-year low of 168 deals – a major plunge from last year’s…
Grab on Tuesday announced the acquisition of Bento Invest, a Singapore-based Robo-advisory start-up for an undisclosed sum. It allows Grab to kickstart the offering of retail wealth management solutions to users, driver-partners, and merchant-partners via its…
Indian omni-channel eyewear retailer Lenskart has raised an investment of US$275 million from SoftBank Vision Fund. Several of the firm’s existing investors sold their stake in the business during the latest Series-G financing round. The new funding has…
Viec.Co, a platform connecting employers and freelancers, scored the highest in a startup competition organized by VnExpress, Vietnam’s most-read online newspaper. Viec.Co surpassed other contestants in the top 5 to be named the winner of the Vietnam Startup…
Venture capital deals in Asia Pacific dropped by one-fifth in the third quarter, attributed to a Chinese economic slowdown, but tailwinds await due to upcoming policy reforms. Total venture capital deal value in the region dropped to $14.92 billion in the…
Start-ups are now able to open an OCBC business banking account in Singapore immediately after incorporation, rather than having to wait one day. Once a business is incorporated, OCBC Bank can validate the start-up’s business profile issued by the Accounting…
Gojek CEO and founder Nadiem Makarim said on Monday he had resigned from the ride-hailing and payments company to join the cabinet of Indonesian President Joko Widodo. “I have received a big honor to be able to join the cabinet,” Makarim told reporters at the…
It will join AFIN’s board of directors and work with the platform to support the global fintech community and financial industry to foster greater financial inclusion. Southeast Asia’s fintech community has been given a boost with Mastercard joining the ASEAN…
Amidst growing investor interests in firms focussed on Southeast Asian consumers, Thailand, and the Philippines are seeing a pick-up in initial public offerings (IPOs). Thailand is expected to shine next year, says Credit Suisse. Although Singapore still…
Bird, an electric scooter rental company, said on Thursday it had raised $275 million in a funding round led by Canadian pension fund CDPQ and Sequoia Capital, as it looks to take a bigger share of a rapidly growing transportation sector. The deal values the…
