Money

Interview - Eugene Wong, Founder and MD, Sirius Venture Capital

IN THE NOT-TOO-DISTANT future, Eugene Wong envisions Singaporeans eating nasi lemak with crispy deep-fried grasshoppers instead of ikan bilis.

New trade group of startup investors who don't focus on flipping

[NEW YORK] Attracting venture capital (VC) has rarely been easier for well-connected tech guys in hoodies, but it's still a long shot for everyone else.

Tech startups finding few takers from private equity - for now

PRIVATE equity firms here don't seem ready to invest in the newfangled tech startups that their venture capital counterparts usually target, but this could change down the road as these startups...

Indonesia's startup scene exploding, but exits are another story

IN A neighbourhood nestled within South Jakarta, 37-year-old Romana operates a small roadside kiosk selling prepaid mobile credit and phone accessories.

P2P lending platform Funding Societies crosses S$1b in SME lending

PEER-to-peer (P2P) lending platform Funding Societies said on Wednesday it has given out more than S$1 billion in loans to small and medium...

Cashless is the new king for S-E Asia

THE days of pulling out dollar notes and coins to pay may be numbered. The cashless trend is picking up quickly in South-east Asia as more people are swiping or tapping away on their mobile phones...

Thai bank targets US$1b spinoff among its fintech units

[BANGKOK] Siam Commercial Bank Pcl plans to spin off some of its fintech divisions as it tries to monetise its push into technology investment at a time of sluggish earnings from traditional...

Spotify-backer Northzone raises US$500m for new investments

[LONDON] Venture capital (VC) firm Northzone said it raised US$500 million to create its ninth fund for investing in startups across Europe and the US, following lucrative early bets on companies...

For start-ups, cash is king. Again

SAN FRANCISCO (NYTIMES) - Mark Frank, who runs a health technology start-up called SonderMind, had planned to wait until the end of 2020 to raise more money for his company.

Money FM podcast: MAS CFO shares takeaways from the Singapore Fintech Festival

Sopnendu Mohanty, chief fintech officer, Monetary Authority of Singapore, talks about insights gained after wrapping up the biggest edition of the Singapore Fintech Festival to date.

Asia Partners banks on 'Golden Age' from rising affluence of the middle class

THRONGS of firms have sprung up to follow the scent of South-east Asia's burgeoning startup scene. Asia Partners, one of the new investors in town, wants to capitalise on what it calls the "Golden...