Startups

Singapore start-up's app is key mode of payment in controversial Myanmar border development

BANGKOK - A Singapore start-up's financial app has become a key mode of payment in a new Myanmar border city touted by its backers as a future blockchain hub.

Booking app Omio raises US$100m in travel recovery bet

[BERLIN] Berlin travel-booking app Omio said on Wednesday it had raised US$100 million in backing to expand its business and make acquisitions as the industry recovers from the blow dealt by the...

Maritime data startup Greywing works with industry bodies to aid crew changes

THOUSANDS of seafarers have been stranded on board vessels globally amid Covid-19, even as some of their contracts run out. This is because performing crew changes has been one of the biggest...

Covid-19 support: Up to $150 million to enhance programme to boost local start-ups

SINGAPORE - Up to $150 million will be set aside for a programme that provides mentorship and grants to help start-ups get their innovative business ideas off the ground.

Online lending startup Oriente cuts over 25% of team

ONLINE lending startup Oriente on Friday confirmed that it laid off under 100 employees in June in a reduction exercise undertaken in batches from the fourth quarter of 2019.

Pandemic delivers first crisis lessons to South-east Asia's Grab

[SINGAPORE] In the early weeks of the coronavirus outbreak, Anthony Tan, the chief executive officer of South-east Asia's biggest ride-hailing firm, recalls how he mistook the infection to be a...

E-commerce tech firm Anchanto raises S$16.6m in ongoing Series C round

ANCHANTO, a startup specialising in technology for the e-commerce sector, has raised S$16.6 million in its ongoing Series C round.

SingPost partners logistics startup Shippit to widen SMEs' access to courier services

LOGISTICS startup Shippit on Tuesday announced a partnership with Singapore Post (SingPost), to offer discounted rates for small and medium-sized enterprises (SMEs) when they use its platform to...

TradeGecko sale validates exit potential of similar Asean startups

THE sale of Singapore startup TradeGecko to Intuit Inc validates the exit potential of South-east Asia's Software-as-a-Service (SaaS) startups, showing that there is substance to the hype, venture...

Grab to launch retail investment product, consumer loans platform

GRAB'S financial services arm, Grab Financial Group (GFG), is rolling out a micro-investment product and a third-party loan platform for its users. This follows the digibank-aspirant's suite of...