Money

Ex-president of Sea Ltd launches private equity firm to back South-east Asia start-ups

SINGAPORE (REUTERS) Nicholas Nash, the former president of Singapore-based online gaming and e-commerce company Sea Ltd, has launched a private equity firm - Asia Partners - to invest in South-...

Pangolin fund says it's close to getting 10% of votes to block Challenger exit offer

A MINORITY shareholder in Challenger Technologies said on Wednesday it is close to obtaining votes from the 10 per cent of shares required to block Digileap Capital's S$183 million exit offer for...

Funding and trading platform Funderbeam raises $6.1m in Series A round

SINGAPORE - Funderbeam, a global funding and trading platform for private companies, has raised US$4.5 million ($6.1 million) in a Series A round, led by UK-based Accelerated Digital Ventures.

No change to exit offer for Challenger in proposed delisting; EGM to be held on June 27

SINGAPORE - Home-grown IT retailer Challenger is not raising its exit offer of 56 cents apiece for a proposed voluntary delisting from the Singapore Exchange (SGX), despite pressure from minority...

Healthtech startup Plano raises undisclosed sum from billionaire Peter Lim

Local healthtech startup Plano has raised an undisclosed sum in a new funding round from several investors, including a seven figure sum from philanthropist and investor, Peter Lim, through his...

State-linked EDBI invests in Circles.Life

The investment arm of the Economic Development Board has dipped its finger into the pie at Singapore telco startup Circles.Life.

YuuZoo says Indonesian investor has acquired 3% stake in its payment unit for US$5m

BELEAGUERED social media company YuuZoo Networks Group on Thursday said that during the time its shares were suspended from trading, the company had, nonetheless, signed an investment agreement...

Monk's Hill Ventures invests in cyber security startup Horangi

THE cyber security challenge for South-east Asia's vast sea of small and medium-sized enterprises (SMEs) is a deep-seated lack of both resources and know-how in the field, says Monk's Hill...

ComfortDelGro invests in ancillary services, mobility tech startups

TRANSPORT giant ComfortDelGro is eyeing opportunities beyond its core passenger transport business, and has made strategic investments into three startups involved in mobility tech and ancillary...

Housing loans shrink for a third consecutive month

HOUSING loans in Singapore shrank for a third month in April, leading a continued contraction in consumer loans, preliminary data from the Monetary Authority of Singapore (MAS) showed on Friday...

Chew's Agriculture signs $27m sustainability-linked loan with DBS

Egg producer Chew's Agriculture has signed a 10-year, $27 million sustainability-linked loan with DBS Bank, to construct a new farm with larger cage-free facilities.