SGX returns to back US$60m investment into US bond trading platform Trumid

SINGAPORE - Trumid, a New York-based fintech startup and bond trading platform, has secured fresh investment from global investment firm Hillhouse Capital in a US$60 million funding round.

AIDA raises Series A capital from Mastercard, Kuok, SGInnovate; eyes Philippines, Japan

SINGAPORE - Machine learning data analytics startup AIDA Technologies has completed an undisclosed Series A funding round from investors Mastercard, Kuok Ventures and SGInnovate.

Beauty and lifestyle portal Clozette secures US$10m from Cool Japan Fund

SINGAPORE - Singapore-based beauty and lifestyle media firm Clozette has raised US$10 million (S$13.5 million) in Series C funding from Cool Japan Fund, a public-private fund under Japan's...

ShopBack secures US$45m in funding round co-led by Rakuten

SINGAPORE - Homegrown cashback platform ShopBack has raised US$45 million (S$60.9 million) in its latest funding round, with new investors including co-leads Rakuten Capital and EV Growth, as well...

Hyflux aborts rescue plan with time running out

Hyflux yesterday aborted a key investment deal with would-be saviour SM Investments (SMI) and cancelled a critical creditors' vote scheduled for today, throwing its own future into doubt. The...

Investors can still demand probe if they back plan: Sias

There is nothing to stop Hyflux creditors from demanding an investigation into the firm or for a new board to examine its predecessor's actions if investors back the restructuring plan on April 5...

Consortium's deadline for Hyflux passes quietly

A crucial April 1 deadline that Hyflux's white knight set for its $530 million rescue offer came and went without a whimper, leaving investors and creditors more uncertain than ever.

Grab lands US$1.46b in fresh funds, raising coffers to US$8b

Grab said it plans to invest "a significant portion of fresh proceeds" in Indonesia, where it is going head-to-head with homegrown app firm Gojek.

Singapore fintech investments more than double to $492m in 2018: Accenture

Fintech investments more than doubled last year to make Singapore one of the region's leading centres.

IMAS launches digital accelerator programme to help start-ups

A new programme will allow financial technology (fintech) start-ups to work with professional mentors and develop solutions that can be rapidly commercialised for the asset management sector.