Money

Indonesia edtech Cakap raises US$3m in Series A+ funding

JAKARTA-BASED online learning platform Cakap has bagged US$3 million in a Series A+ funding round led by Singapore-based Heritas Capital, to expand across Indonesia and the region.

E-commerce marketing startup Epsilo raises US$2m led by Sequoia Capital India's Surge

EPSILO, an e-commerce marketing stack based in Singapore and Vietnam, has raised US$2 million in funding led by Sequoia Capital India's Surge. The company is part of the fourth cohort of Surge, a...

Talent investor Entrepreneur First launches US$20m fund targeting Asian startups

TALENT investor Entrepreneur First (EF) has launched a US$20 million fund to lead seed rounds in companies that emerge from its Asia programme.

Carsome bags US$30m Series D round; eyes end-2023 US IPO

CARSOME, a Malaysia-based used car platform, has raised US$30 million in a Series D equity round for further expansion in South-east Asia.

SEEDS Capital seeks co-investors to dole out S$150m to deep-tech startups

ARMED with up to S$150 million from the Startup SG Equity scheme, SEEDS Capital is on the lookout for more co-investors to back early-stage, deep-tech startups in the Republic.

Singapore bank lending dips further in October

SINGAPORE's bank lending fell for the eighth straight session in October, dragged down by a continued slump in business loans.

New venture firm The-Wolfpack on the hunt for Asia-Pacific consumer startups

FORMER top executives at GroupM and IMG on Wednesday launched a venture firm targeting early-stage consumer startups in the Asia-Pacific.

Singapore startup founders need time to turn US$1.8b equity to real gains

THE recent listing of Singapore's Nanofilm turned the founder, a former academic, and his wife into billionaires overnight - they may not be the last, going by numbers compiled by The Business...

Singapore September bank lending falls further on prolonged weakness in business loans

SINGAPORE's bank lending in September dipped for the seventh straight session, as continued weakness in business loans more than offset the rise in consumer loans.

Bank lending in Sept down for seventh straight session: MAS data

SINGAPORE's bank lending in September dipped for the seventh straight session on weaker business loans, preliminary data from the Monetary Authority of Singapore showed on Friday.