investment

S'pore takes up 25% of $8.3b invested in region's tech firms

Singapore accounted for a quarter of the US$5.99 billion (S$8.3 billion) invested in the region's tech firms in the first half of this year, up from 13 per cent for the whole of last year, a...

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...

Companies will do well if they can tap millennial concerns: DBS

SINGAPORE - Eco-friendly businesses should take heed of the concerns of millennials as people in this age bracket will have significantly increased spending power in coming decades, said DBS Bank...

ST Podcast: How to start investing with just $100 a month in your 20s

In this podcast series every Monday, The Straits Times and The Business Times break down actionable financial tips.

Singapore-based start-up Trax raising US$100m to value company at US$1.1b, only behind Grab

SINGAPORE (BLOOMBERG) - Trax, a Singapore-based start-up serving the retail industry, is finalizing a deal to raise US$100 million (S$137.45 million) at a pre-money valuation of about US$1.1...

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...