Money

Temasek's Vertex adds new US$290m fund to back growth-stage tech firms

VERTEX Growth Fund, the sixth and newest member of Vertex Venture Holdings’ global network of venture capital (VC) funds, has raised US$290 million for its inaugural fund.

Digital payments key to rural credit scoring in S-E Asia

LIKE any business, a small family-owned farm requires capital. Rice, corn, coffee and cocoa all require equipment, fertilisers and chemicals to grow and generate solid returns. Today, small farms...

Grab in talks to merge Indonesian payment firms to overtake Gojek: sources

[JAKARTA] SoftBank-backed ride hailer Grab is in talks to merge OVO, an Indonesian digital payments firm in which it owns shares, with an Ant Financial-backed local peer to build heft and power...

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...

 

 

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