Startups

Indonesia's Go-Jek acquires 3 fintech firms to boost payment services

[JAKARTA] Indonesia's Go-Jek has acquired three financial technology businesses, as it expands from ride-hailing and other mobile on-demand offerings into payments and other services.

Temasek unit, Canadia to launch digital wallet and payment platform in Cambodia

TEMASEK-OWNED Fullerton Financial Holdings has teamed up with Canadia Investment Holding plc to launch DaraPay - a new digital wallet and payment platform, in Cambodia. This is Fullerton's second...

Couriers struggle to deliver after Singles' Day online orders spike

Some unlucky customers of shopping bonanza Singles' Day have seen their joy turn to rage, as courier services struggle to deliver their products on time in the face of a mountain of orders.

Customers see red after courier service Roadbull fails to deliver goods

Customers of shopping bonanza Singles' Day have seen their joy turn to rage, as courier services such as Roadbull and Ninja Van failed to deliver their products on time.

GIC led US$200m new funding round for Affirm

SINGAPORE-BASED global investment firm GIC has led a US$200 million Series E round of equity funding by financial services start-up Affirm Inc.

YCH's SCAngels, SGInnovate give Singapore deep tech startups a leg-up

SUPPLY Chain Angels (SCAngels), the corporate venture arm of YCH Group, on Wednesday announced its partnership with SGInnovate to bolster Singapore's deep tech startup scene.

South-east Asia's Internet economy to hit US$50b in 2017, exceed US$200b by 2025: study

SOUTH-EAST Asia's Internet economy will hit US$50 billion in 2017 and will potentially exceed US$200 billion by 2025, according to new research by Google and Temasek.

Woh Hup unit launches VC fund, invests in co-living startup

WOH Hup unit Aurum Investments has launched a double-digit multi-million venture capital fund, and invested US$1.5 million in seed funding in co-living startup Hmlet.

Start-up raises $2.6m to help reduce pain of kidney dialysis

A home-grown medical technology start-up has raised $2.6 million to commercialise a device that will make kidney dialysis safer and less painful.

Biofourmis raises US$5m in Series A funding from NSI Ventures, Aviva Ventures

SINGAPORE - Singapore-based digital healthtech firm Biofourmis has raised US$5 million (S$6.8 million) in a Series A round of funding from venture capital firm NSI Ventures and Aviva Ventures, the...

Chinese co-working space operator opens second Singapore outlet

Prominent Chinese co-working space operator UrWork is opening a second Singapore location in the first quarter of next year.