Money

CompareAsiaGroup raises US$20m in Series B1 investment

COMPAREASIAGROUP, parent company of financial comparison site SingSaver, has raised US$20 million in its first close of Series B1 investment led by information services firm Experian.

PEs target Asean startups as they join VCs in funding landscape

A BURGEONING startup scene coupled with record levels of dry powder are nudging some private equity (PE) firms in South-east Asia into the territory of cash-burning, rapid-growth companies.

Singtel expands its VIA mobile payment alliance to Japan

SINGTEL on Thursday debuted its cross-border mobile payment alliance, VIA, in Japan through the StarPay platform by Japanese tech firm Netstars.

Trax gets US$100m funding to become Singapore's second unicorn after Grab

SINGAPORE (REUTERS) - Image recognition technology firm Trax, a start-up that is backed by US private equity giant Warburg Pincus and counts Heineken and Nestle among its clients, said it has...

Venture firm Cocoon Capital raises $30m for 2nd tech start-up fund

SINGAPORE - Singapore-based venture firm Cocoon Capital has raised $30 million for its second fund to aid enterprise tech start-ups in South-east Asia.

Turning talent into impact

THE business of investing in startups is complex. Sure, venture capitalists would tell you to bet on disruptive companies with high growth potential and outstanding founders.

Go West: Tech firms in Singapore setting up bases in south-western corridor

IN the last seven months, two of South-east Asia's best-known unicorns announced expansion plans with new addresses in the same neighbourhood.

Cathay Financial, Indovina Bank, Finaxar tie-up to improve SME financing in Vietnam

VIETNAM’S small and medium enterprises (SMEs) can now access up to 500 million dong (S$29,220) in funds online, under a new cross-border partnership to improve access to SME financing.

US cloud provider 8x8 buys Singapore’s Wavecell for US$125m in cash, stock

WAVECELL, a privately held communications platform-as-a-service (CPaaS) provider based in Singapore, has been acquired by New York-listed 8x8 for around US$125 million in cash and stock, marking...

Is Singapore's venture capital funding starting to decline?

THE year 2019 has been a big one for initial public offerings (IPOs), with Uber, Lyft, Pinterest and Slack receiving some of the highest valuations. But these big IPOs have distracted the media...

 

 

Events