Startups

Fintech startup Stripe offers lending service to customers

[NEW YORK] Stripe Inc became one of the most valuable financial-technology startups by helping businesses accept online payments. Now it's getting into lending.

WeWork mulls slashing IPO valuation as skepticism rises over business model: sources

[BENGALURU] WeWork owner The We Company is considering slashing the valuation it will seek in an initial public offering (IPO) to a little over US$20 billion, less than half the US$47 billion...

Grab to splurge US$150m on AI to build super app

SOUTH-EAST Asian ride-hailing startup Grab Holdings intends to invest US$150 million in artificial intelligence and hiring more engineers over the next year, accelerating an expanding business...

Temasek-backed AI start-up SenseTime plans to triple staff in Singapore to 300 within 3 years

HONG KONG (BLOOMBERG) - SenseTime Group Ltd's valuation surpassed US$7.5 billion (S$10.38 billion) this year after securing investment from backers like SoftBank Group Corp, yet the world's...

DBS Foundation, SMU launch new global $150k competition for social and environmental start-ups

SINGAPORE - Start-ups dedicated to tackling social and environmental issues can look forward to a new source of funding and mentorship.

Gojek chief says on track to raise US$2b before 2019's end

[SINGAPORE] Gojek is on track to raise US$2 billion in its ongoing funding round before the end of the year, accelerating capital-raising to drive an expansion into mobile payments and food delivery.

WeWork CEO returns $8.2m the firm paid him for ‘We’ trademark after backlash

NEW YORK (REUTERS) - WeWork owner The We Company took some steps on Wednesday (Sept 4) to burnish its appeal to investors ahead of its initial public offering by adding a woman, Frances Frei, to...

IPO hopeful WeWork adds woman to board, CEO returns US$5.9m after backlash

[NEW YORK] WeWork owner The We Company took some steps on Wednesday to burnish its appeal to investors ahead of its initial public offering by adding a woman, Frances Frei, to its all-male board...

Business software firm Slack’s shares plunge after it predicts a larger loss

[SAN FRANCISCO] The reality of being a public company is setting in for what were once some of Silicon Valley's hottest startups. The latest to get a taste of that: Slack.

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...