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Struggling grocery retailer and delivery startup Honestbee has been granted a four-month debt moratorium by the Singapore High Court. While two months shorter than the protection period the company sought from the court, it allows the business to restructure…
The fintech arm of gaming hardware manufacturer Razer has appointed the former group president of Singapore sovereign wealth fund GIC as an advisory board member. Lim Siong Guan joins Razer Fintech as an advisory board member as the firm enters its next…
South Korean fintech unicorn, Viva Republica, raised $64 million for its financial service platform Toss pushing the firm’s total value to $2.2 billion. The Seoul-based fintech has raised a total of $250 million, including $80 million in the December round,…
Struggling grocery delivery company and grocer Honestbee has won another new lease on life with the appointment of a new CEO who has promised to revive the business with the support of investors. Details of the additional investment were not immediately…
Digital-payments company Visa has invested an undisclosed amount into Southeast Asian ride-sharing and services startup Go-Jek giving it a foothold in the company’s payments platform. The two companies say they will work together to provide greater options…
The use of fintech products and services in Singapore has grown substantially in the past two years, though the country still lags China and India by a large margin. The fintech adoption rate among Singapore consumers has almost tripled to 67 percent in 2019…
NEXEA Angels Sdn. Bhd. (“NEXEA”), a leading startup investment firm today announced the launch of its Startup-Corporate Pilot Program that aims at bringing together local technology startups and corporations for the purposes of identifying and exploring…
Users of DBS Bank’s PayLah! app over the next few months will find Gojek integrated within its app, both companies said on Thursday. In addition, Gojek customers can now pay with PayLah. As part of its partnership with the Indonesian ride-hailing firm, DBS…
Jakarta-based Achiko wants to list 100 million shares on SIX, the Swiss stock exchange, it said on Wednesday. The shares were valued at $0.70 during its last fundraising, which would make for proceeds of $70 million. Its seven-year-old subsidiary Mimopay…
Indonesian e-commerce company Tokopedia is expanding its one-day delivery guarantee to almost all of its products as it prepares to battle Amazon and other foreign rivals. Backed by Alibaba Group and SoftBank, Tokopedia’s greatest strength might lie in the…
KasikornBank’s Kasikorn Vision has joined hands with VIISA, a leading accelerator in Vietnam, and UP Co-Working Space to hold a three-day hackathon. The event, from June 28-30, 2019, will offer startups the opportunity to gain financial backing from…
Singapore’s first peer-to-peer on-demand rental marketplace MyRent has launched. The site allows Singaporeans to rent items including photographic and sporting equipment, seasonal apparel and video games. After a beta trial, it already has more than 2000…
Fresh from a US$20 million funding injection, omnichannel-solutions startup CitiXsys plans to open six offices across Asia, eyeing region-wide expansion. CitiXsys’ new offices will be located in Singapore, Jakarta, Ho Chi Minh City, Manila, Bangkok, and Kuala…
Shinsegae International has launched a new coworking space in Seoul it expects will boost its retail business. The new 278sqm “Scale Up” space in Cheongdam-dong is targeted at startups in the lifestyle-related industry. With seven offices and meeting rooms,…
Indian furniture startup WoodenStreet is targeting 15 additional experience stores in the territory by the end of the year. The firm, which specialises in customisable furnishings, currently operates 12 locations throughout India as well as more than 30…
Rewards program ShopBack has secured a further US$45 million in its latest funding round. Joining the shareholders’ register are newcomers including Japanese e-commerce giant Rakuten, EV Growth, and EDBI, a Singapore government-linked strategic investor. Amit…
