Money

Indonesia bill payment startup Ayoconnect raises US$5m in pre-Series B round

INDONESIAN fintech company Ayoconnect has raised US$5 million in a pre-Series B funding round from investors including BRI Ventures, the corporate venture capital arm of Indonesia's Bank BRI;...

Chinese VCs sanguine on Asean despite Covid-19 and geopolitical headwinds

THE inflow of venture capital (VC) from China into South-east Asia may slow down this year, but interest is likely to remain robust into the long-term, given the region's accelerated digital...

Singapore bank lending continues to slide in June

BANK lending in Singapore continued its decline for the fourth consecutive month in June, dragged down by business loans and consumer loans amid the uncertainty from the ongoing Covid-19 pandemic...

Singapore bank lending extends fall in June for fourth consecutive month

BANK lending in Singapore continued its slide for the fourth consecutive month in June, dipping 0.7 per cent from the previous month to come in at S$680.36 billion, preliminary data from the...

StashAway raises US$16m in Series C round led by Square Peg

ROBO-ADVISER StashAway has raised US$16 million in its Series C funding round led by Square Peg Capital, a venture capital firm based in Australia.

Talent investor Entrepreneur First builds nine startups in seventh Singapore cohort

DEEP-TECH talent investor Entrepreneur First (EF) has produced its seventh cohort of nine companies from Singapore amid the pivot to virtual interactions as a result of the pandemic.

Singapore plant-based meat startup Karana closes US$1.7m seed funding

KARANA, which is set to launch "pork" made from organic jackfruit this year, has closed its seed funding round with US$1.7 million, the Singapore-based startup announced on Thursday.

Cybersecurity startup Aiculus raises US$670,000 led by Cocoon Capital, angel investor

AICULUS, a Singapore-based software security provider, has raised US$670,000 in a seed funding round led by early-stage venture capital firm Cocoon Capital and an angel investor.

Total disclosed PE and VC deal value down 65% in Q1: EY

PRIVATE equity (PE) and venture capital (VC) activity in South-east Asia was sluggish in the first quarter of 2020 amid the Covid-19 pandemic, though investments in some segments are expected to...

Total disclosed PE and VC deal value down 65% in Q1: EY

PRIVATE equity (PE) and venture capital (VC) activity in South-east Asia was sluggish in the first quarter of 2020 amid the Covid-19 pandemic, though investments in some segments are expected to pick...

US Big Tech builds appetite for startup pie in South-east Asia

US tech giants have made some recent high-profile investments into South-east Asian startups, the latest being Google's plans to join Indonesian e-commerce player Tokopedia's funding round, which...