Startups

TransferWise valued at US$3.5b in secondary offering

TRANSFERWISE Ltd leapfrogged fintech startups, more than doubling its valuation to US$3.5 billion in a fund-raising round that pushes back the need for an initial public offering.

SGInnovate, RB Capital back AI startup Prowler.io’s US$24m funding round

BRITISH artificial-intelligence (AI) firm Prowler.io has raised US$24 million from strategic investors including SGInnovate, the Singapore government's innovation platform, and Singapore-based RB...

Wiselink focuses on the future

DATA analytics are key to Wiselink Technology's new developments in productivity.

Uphill battle for S-E Asia's super apps

Challenges include market size, the region's diversity and consumer loyalties.

For Grab, teaming up with established names is the way to go

Instead of offering as many services as possible or going it alone to build new functions on its app, ride-hailing service Grab has set its sights on leveraging partnerships to fulfil its "super...

Ride hailing is Gojek's main focus in Singapore

While Gojek is a super app in Indonesia offering food ordering, digital payments and courier services, its immediate priorities for Singapore centre on building a reliable ride-hailing service....

Super-app scams in spotlight as Grab beefs up its anti-fraud team

WITH their fingers in many pies of the digital economy, super-app players like Grab and Gojek could become increasingly attractive targets for malicious actors.

Venture firm Accel raises US$575m fund for Europe startups

[LONDON] Accel, a venture capital firm with offices in Silicon Valley, London and Bangalore, has raised a new $575 million fund aimed at early-stage companies in Europe and Israel.

Temasek’s Vertex raises US$230m for fourth South-east Asia fund

VERTEX Venture Holdings raised US$230 million in the first close of its fourth Southeast Asian fund to back technology startups across the region and India.

Jet-powered flying taxi unveiled following first flight

[LONDON] The world's first all-electric vertical takeoff and landing passenger jet has been unveiled after completing its first flight.