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The recently formalized Memorandum of Understanding (MoU) between Singapore’s major tourism stakeholders and Weixin Pay marks a milestone in cross-border digital tourism development. China was Singapore’s largest source market for international visitors before the pandemic.
ShopBack , the Rakuten-backed e-commerce loyalty platform, announced today it will acquire buy now, pay later startup Hoolah. Both companies are based in Singapore and operate in Southeast Asian markets. Its BNPL services give shoppers the option of paying for purchases in three interest-free installments.
Glints , the Singapore-based career platform, announced today it has raised $22.5 The new capital will be used on Glints’ expansion in Singapore, Indonesia, Vietnam and Taiwan and hiring for its product and engineering teams. million in Series C funding led by Japanese human resources management firm PERSOL Holdings.
One of them was Singapore-based Endowus , which raised two rounds in rapid succession: a Series A in June 2021 followed just seven months later by $25.6 Returning investors include notable firms like UBS Next, Singapore’s EDBI, Prosus Ventures (owned by Naspers), Lightspeed Venture Partners, Singtel Innov8 and Endowus employees.
Workmate , a Singapore-based on-demand staffing platform, has been acquired by Persol Asia Pacific , one of the region’s largest HR service providers. Workmate currently operates in Thailand and Indonesia and is expanding operations into Singapore this month. Workmate’s Thailand team.
It plans to become cash flow positive within the next 12 months, and recently announced a digital banking partnership with Singapore financial service corporation OCBC. Osome currently serves more than 11,000 business in Singapore (where it is is headquartered), Hong Kong and the United Kingdom.
But when it comes to incorporating technology into marketing for brands, the stalwart has been willing to cede a point to a particular startup in Singapore. The startup offers two tiers of services: custom campaigns for bigger companies with the budget, and plug and play solutions — which launched late last month.
Sleek , the corporate servicesplatform that helps entrepreneurs launch and run new companies in Singapore and Hong Kong, has raised $4 million. The new funding was led by SEEDS Capital, the investment arm of government agency Enterprise Singapore. Others include Lanturn, Osome and Bluemeg.
Osome , a Singapore-headquartered business assistant app that digitizes accounting and compliance tasks, has raised $3 million. The startup currently has about 4,500 SME clients across Singapore, Hong Kong and the United Kingdom, founder and chief executive officer Victor Lysenko told TechCrunch.
Intellect , a Singapore-based startup that wants to lower barriers to mental health care in Asia, says it has reached more than one million users just six months after launching. Singapore-based Intellect wants to lower barriers to mental health support in Asia. Chai also participated. Intellect offers two products.
First created to give supply chain merchants a streamlined way to communicate with buyers, Tinvio is now preparing to launch financial services, including financing and credit card issuing. The Singapore-based startup announced today it has raised a $12 million Series A to build out its B2B transactions platform.
Homage currently operates in Singapore, Malaysia and Australia. The Singapore-based company’s services include home visits from caregivers, nurses, therapists and doctors; telemedicine; and services for chronic illnesses. Homage’s Gillian Tee on how technology can serve the world’s aging population.
Singapore-based fintech Hashstacs Pte Ltd (STACS) announced today it has raised $3.6 The company develops blockchain platforms that can work with financial institutions’ existing infrastructure, and its core technology is also used in GreenSTACS for environmental, social and governance (ESG) investments.
Propseller , a Singapore-based real estate agency that combines a tech platform with in-house agents to close transactions more quickly, announced today it has raised $1.2 During the pandemic, tech-enabled services like online dashboards and virtual viewings have allowed Propseller’s agents to continue working with clients.
Jenfi , a “growth-capital-as-a-service” platform, can provide online businesses with revenue-based financing in a little as a day. The Singapore-based startup announced today it has raised $6.6 million in pre-Series B funding, led by Headline Asia.
Being “underbanked” doesn’t mean that someone lacks access to financial services. But in markets like Indonesia, many still use digital wallets or e-commerce platforms, creating alternative sources of user data that can help them secure working capital and other financial tools.
Lynk announced today that its “knowledge-as-a-service” platform will be integrated into UBS ’ investment process. The startup has offices in New York, Hong Kong, Singapore, Mumbai, Shanghai and Toronto, and serves about 200 enterprise clients, including Fortune 500 corporations, investment firms and government agencies.
Singaporean insurtech company Surer , which automates the workflow and processes via a cloud-based platform, helps insurance intermediaries get rapid access to insurance quotations and insurers to distribute their products more efficiently. The company has raised a $1 million seed round to enhance its platform and scale in Asia.
Ordinary Folk , a Singapore-based telehealth startup dedicated to men and women’s health issues, has raised $5 million in pre-seed funding from Monk’s Hill Ventures. The funding will be used for hiring and expand into Hong Kong while scaling in Singapore.
Based in Singapore with offices throughout Asia and Australia, Reebelo wants to make buying pre-owned tech as desirable as a brand new device. It has offices in Australia, Singapore, New Zealand, Hong Kong, Malaysia and Taiwan. But the two said something like Recommerce didn’t exist yet in Singapore, where Rastouil grew up.
Lynk , the “knowledge-as-a-service” platform with more than 840,000 experts, announced today it has added $5 million raised from UBS’ Investment Bank division to its previously announced Series B. Lynk, a “knowledge-as-a-service” platform with more than 840,000 experts, raises $24 million.
Singapore-based cryptocurrency platform Crypto.com has acquired two startups in South Korea — payment service provider PnLink and virtual asset provider OK-BIT — for an undisclosed amount, Crypto.com said. .
Osome , a startup that combines multiple corporate services for SMEs into one “super app,” has raised a $16 million Series A. The Singapore-based startup’s last funding round was $3 million announced in November. The Singapore-based startup’s last funding round was $3 million announced in November.
Entrepreneurs and small and medium enterprises (SMEs) often struggle to deal with several siloed functions, such as company secretary, bookkeeping, banking, tax, payroll, employment services, insurance and more. Since its inception, Sleek has expanded offices beyond Singapore to Hong Kong, Australia, the U.K. based SMEs.
Validus , a Singapore-based lending platform for small and medium-sized enterprises, is acquiring CitiBusiness’ loan portfolio for an undisclosed amount to bolster its top-line revenue and customer base and expand its growing loan book. . The acquisition will be completed in April 2022. .
Prince describes BlockFi as a financial services company for crypto market investors that offers a retail and institutional-facing suite of products. On the retail side of its platform, people can use its mobile app to earn a yield on their crypto holdings (6% on Bitcoin, 8.6% The Jersey City, New Jersey-based startup raised $1.6
Volopay , a Singapore-based fintech startup, raised a $29 million Series A in debt and equity financing as it seeks to further expand its footprint in Asia-Pacific, the Middle East and North Africa. . The platform also processes domestic and international bank transfers with low foreign exchange rates and transaction fees. .
Railsbank , the London-headquartered Banking-as-a-Serviceplatform, has raised $37 million in new growth funding. This will include the launch of “credit cards as a service” in the U.S. Railsbank is a utility for the complete financial services backend: platform, connectivity, operations, scheme memberships (e.g.
Aspire , the Singapore-based neobank that wants to become the financial operating system for SMEs, has raised an oversubscribed $100 million Series C round. This covers a wide range of sectors, including IT companies, professional services, goods businesses and startups.
Cobo , a Singapore-based crypto asset management platform, raised a $40 million Series B to accelerate the development of decentralized finance as a service (DFaaS). DeFi aims to bridge the gap between blockchains and financial services. The round was co-led by DST Global , A&T Capital and IMO Ventures.
Speedoc , a health tech platform that brings hospital care to homes, has raised $28 million in pre-Series B funding. Based in Singapore, Speedoc was founded in 2017 by Dr. Shravan Verma and Serene Cai. Its services include telemedicine consultations, on-site doctor and nurse visits, virtual hospital wards and ambulance hailing.
The proliferation of delivery services give customers many options, but means chaos for busy restaurants that need to manage orders across multiple apps and channels. Klikit wants to save Southeast Asian food businesses from “ tablet hell ” by aggregating order information from all apps into one platform.
Singapore-based mobile marketplace Carousell wants more users in Southeast Asia to start buying and selling items through their mobile phones on its platform — and it has linked up with Japanese e-commerce giant Rakuten to do so. The app launched in August 2012 and is available as a free download on both iOS and Android platforms. ?
Today, one of the bigger players on the core technology side — Global Processing Services — is announcing $100 million in funding, a sign not just of how popular embedded finance remains as a business, but also GPS’s traction in the space. billion transactions, with 190 million cards now issued to date.
Headquartered in Singapore, proptech startup Propseller is on a mission to make real estate transactions more efficient and data-driven for sellers and buyers alike. Its platform is able to tell users the likelihood of a conversion each step of the way. co ,” said Jorge. and Flyhomes to a certain extent, Jorge said. .
Hong Kong-based events management platform EventX said today it has raised another $8 million for its Series B, lifting the total amount secured for this round to $18 million. Today, the platform also has a lead generation function, helping organizers develop new clients and partners through events.
Social commerce — the process of buying and selling products or services directly through social media platforms like Facebook, Instagram and TikTok — is becoming the most natural way for consumers to make purchases since people use social media and messaging apps almost every day. and other countries in Europe. trillion by 2030.
His work evolved into environmental intelligence platform Komunidad , which collects data from government and private sources, and turns it into customizable analytics to help clients react quickly to potential disasters. Its new investment will be used to build a scalable platform. Weather platform ClimaCell is now Tomorrow.io
Mini-apps, or lightweight apps designed for integration into host apps, allow smartphone users to access several services through one app, saving them data and storage space. Appboxo , a Singapore-based startup, wants to make mini-apps more accessible by allowing any developer to turn their app into a “super app.”
Gbike , a South Korea-based micromobility Gcooter operator, is acquiring Hyundai Motor’s shared micromobility sharing platform ZET as it wants to increase its market share and create technological synergies via ZET’s fleet management system. .
The Bengaluru-based startup offers banking and payments APIs that allow development of fintech products such as banking, payment cards, neobanking and collections and payout services in a short period of time. It also plans to acquire licenses and launch in Singapore to expand beyond India eventually.
Lynk , a “knowledge-as-a-service” platform that connects clients with over 840,000 experts in a wide range of fields, announced today it has raised $24 million led by Brewer Lane Ventures and MassMutual Ventures, with participation from Alibaba Entrepreneurs Fund. Lynk co-founder and chief executive officer Peggy Choi.
The Indonesia-based financial platform for SMEs announced today it has raised $108 million in Series C funding led by MDI Ventures. KoinWorks is headquartered in Jakarta, with holding in Singapore and tech offices in Yogyakarta, India and Vietnam. KoinWorks is the latest.
As autonomous driving technology and regulations advance rapidly in China, ride-hailing platforms start looking for solutions to cut labor costs. On the other hand, robotaxi startups also want help from car-hailing services to reach the masses. Financing from the round came from a mix of private and public funds in China and overseas.
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