Money

Singapore-based SME lender oCap seeks India expansion

According to the World Bank Group's investment arm, the International Finance Corporation, the financing gap for SMEs in India is about US$230 billion and represents 68 per cent of the total gap...

Temasek partners Kuehne + Nagel to launch US$50m fund for logistics startups

REEFKNOT Investments, a joint venture between Singapore's Temasek Holdings and Kuehne + Nagel, has launched its inaugural US$50 million global fund to invest in startups "at the forefront" of the...

China shoppers adopt facial recognition payment technology

NO CASH, no cards, no wallet and no smart phone: China's shoppers are increasingly purchasing goods by looking into a screen as the country embraces facial-recognition technology.

Venture capital fundraising in Asean is on course to match 2018 record

ASEAN-focused venture capital (VC) fund-raising is on course to match the record figures reached last year, even as buyout deal values are falling amid a challenging macroeconomic environment,...

Singapore deep tech startups face Series B funding gap: SGInnovate

WHEN the time came for one of SGInnovate's portfolio companies to raise Series B funds, the Singapore-based deep tech startup found that there was no local investor either willing or big enough to...

Singapore on track to hit 2025 cheque-free target

SINGAPORE's cheque-free target by 2025 came into focus on Tuesday as fresh figures show cheque volumes have been falling annually by 8 per cent over the last three years.

Cheque payments, cash withdrawals falling amid rise of e-payments: Ong Ye Kung

SINGAPOREANS have been making more contactless payments, thanks to the availability of multiple e-payment services including digital wallets, QR code payments and peer-to-peer fund transfer...

Singapore bank lending dips in July as home loans shrink further: MAS preliminary data

BANK lending in Singapore dipped in July from a month ago on broad weakness across both business and consumer loans, preliminary data from the Monetary Authority of Singapore showed on Friday.

Digital vs cheque payments: SMEs want it both ways

CONSUMERS are largely on board the digital payments train but businesses, particularly business-centric small and medium enterprises (SMEs), seem to need a bigger push to go entirely cashless or...

ST Integrated Engineering to raise S$4m via private listing on 1exchange

ENGINEERING and IT solutions firm ST Integrated Engineering (STIE) is looking to raise about S$4 million by listing on 1exchange, Singapore’s only regulated private securities exchange, to support...

 

 

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