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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.
Singapore-based OCBC Bank has enabled facial biometric security on eight ATMs within the island city-state, including the bank's main branches in Tampines, in the Central Area, and at a convenience store, reports ZDNet.
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. Intellect offers two products.
Singapore is one country building a solid reputation as a hub of fintech activity, and this reputation is generating substantial investment. Singapore’s fintech investment surges forward. Despite its small size (less than 5 million total population), Singapore is quickly reaching investment levels of countries many times its size.
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.
The liquidators behind Three Arrows Capital (3AC), the now-defunct crypto hedge fund, shared that the firm’s co-founder Su Zhu was arrested in Singapore at the Changi Airport while trying to leave the country.
Announced by Singapore's Minister for Communications and Information Josephine Teo, the new Digital Connectivity Blueprint is an ambitions project that will reshape the country's digital connectivity infrastructure within the next decade.
Both companies are based in Singapore and operate in Southeast Asian markets. The company says it has been used by more than 250,000 shoppers and is available on 2,000 merchants in Singapore, Malaysia and Hong Kong. The deal was done in stock and cash, and terms were undisclosed.
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.
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.
YouTrip, a Singapore-based fintech that offers multicurrency wallet for consumers and business accounts with corporate cards for SMEs, has its eyes on growth throughout Southeast Asia after landing a Series B led by Lightspeed. The round was $50 million, and brings YouTrip’s total raised to $100 million since it launched in 2018.
Singapore-headquartered esports startup Ampverse has raised $12 million in Series A funding led by Falcon Capital. He added that expanding into Indonesia and the Philippines will “round off our SEA footprint,” which already includes Singapore, Thailand and Vietnam.
The Singapore-based edtech announced today it has raised $40 million in Series B funding, led by Square Peg and SEEK Investments. Before graduating, Pasari helped his sister and some of his friends through the college application process, which planted the idea of launching a business in his mind.
Singapore Minister of Defense Dr. Ng Eng Hen made his tech wishes at the city-state's 2021 Defense Technology Prize, reports The Register. Among them were buildings with integrated cleaning technology that can kill viruses and bacteria, the ability to work on classified material somewhere closer to home rather than in.
On October 14, DBS and Citibank suffered an IT outage that affected millions of payment transactions in Singapore. Banking apps were down, servers could not be reached, and the two banks' customers were left with very few means to pay for their purchases or receive payments. The city-state is heavily. Read Entire Article
Co-founded by Quah in 2019 to securely verify documents, Singapore-based Accredify announced today that it has raised $7 million in Series A funding co-led by iGlobe Partners and SIG Venture Capital with participation from returning investors Pavilion Capital and Qualgro.
Arcc, a coworking space in Singapore available for bookings on Deskimo. Its on-demand booking app is currently available in Singapore and Hong Kong, with plans to enter more markets after Demo Day. Part of Y Combinator’s current batch, Deskimo wants to make finding coworking spaces easier.
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.
The Singapore-based startup announced today it has raised an oversubscribed Series A of $8 million SGD (about $6 million USD) led by Qualgro, with participation from AC Ventures. Supermom currently has a presence in Indonesia, Malaysia, Singapore, Vietnam and Thailand, and plans to expand into more markets. TechCrunch+.
Good Meat announced today it has received regulatory approval from the Singapore Food Agency to use serum-free media for the production of its cultivated meat. Its lab-grown chicken is currently available in Singapore, where Eat Just gained regulatory approval to sell its lab-grown chicken meat in 2020.
Vow ’s first product brand, Morsel, which was created from its cultured meat technology, will go into Singapore restaurants by the end of this year. Singapore was the first nation to approve cultured meat products for sale , with Eat Just being one of the first companies to sell its lab-grown chicken there.
The company is currently operating its service in Singapore, but plans to enter other markets like Malaysia, Hong Kong and Taiwan, Gordon Tay said. . “We Asia’s general insurance market is about $564 billion, and Singapore has approximately $2.9 million in GWP transactions by the end of this year. . billion, Gordon Tay mentioned. .
The Singapore-based company announced today it has raised $6 million in seed funding, led by B Capital Group. Singapore-based sales productivity platform Nektar raises $2.15 The company says this is one of the largest seed rounds ever for a SaaS company based in Asia. million seed round.
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. .
Singapore is working to amend the state's Cybersecurity Bill, which was approved in 2018, to enforce new obligations for third-party companies providing crucial technology services. The Asian country has initiated a public consultation on the amendment, soliciting feedback over a one-month period that will last until January 15, 2024.
The suite of AI features will now also work in several new languages "including French, German, Italian, Portuguese (Brazil), Spanish, Japanese, Korean, and Chinese (simplified) as well as localized English for Singapore and India," Apple says. This article originally appeared on Engadget at [link]
The Singapore-based startup has raised $1 million in pre-seed funding led by Plug and Play APAC and Seed Capital, with participation from Earth Venture Capital and angel investor Alice Foo. Singapore-based AlterPacks turns food waste into food containers by Catherine Shu originally published on TechCrunch.
Today, the Singaporean-based startup announced it has raised $10 million, with the goal of expanding its wireless laser communications system in Indonesia, India, the Philippines, Malaysia, Singapore and the United States. Eventually, it has its eyes on space, deploying its wireless fiber optics from orbit. and anywhere on earth.”
Based in Singapore, ZEBOX Asia will also look at markets like Indonesia, Malaysia, Taiwan, Japan and Korea. In a statement, Maritime and Port Authority of Singapore chief executive Teo Eng Dih said, “Startups play a critical role in the transformation of the maritime sector by generating value through their innovative solutions.
Singapore's Second Minister for Trade and Industry, Tan See Leng, addressed the issue in a statement to lawmakers. According to Tan, while Nvidia reported that 22 percent of its sales in the August-October 2023 period were attributed to Singapore, this figure primarily reflects billing practices rather than physical product delivery.
Aspire , the Singapore-based neobank that wants to become the financial operating system for SMEs, has raised an oversubscribed $100 million Series C round. Singapore-based neobank Aspire raises $100M from Lightspeed and Sequoia SEA by Catherine Shu originally published on TechCrunch
Singapore-based TreeDots , which says it is the first food surplus marketplace in Asia, wants to help. Every year, tons of food ends up in landfills because of cosmetic issues (they won’t look nice in stores) or inefficiencies in the supply chain.
Image: Singapore Airlines. Amidst plunging revenues due to the pandemic, Singapore Airlines is turning two of its Airbus A380 planes parked at Changi Airport into impromptu restaurants on October 24th and 25th, and it’s proved surprisingly popular. All the joy of plane food, without having to leave the ground.
The iPhone maker’s newest retail location, located in Singapore on the city-state’s waterfront and known officially as Apple Marina Bay Sands, can claim a world’s first title: it’s the only Apple retail shop on the planet that floats on water. Singapore seems cool, huh?). Photo by Roslan Ragman / AFP via Getty Images.
SenseTime Group, an AI unicorn, is downsizing its office space in Singapore, moving from a prime downtown location to a smaller, more affordable office in a less central neighborhood, Bloomberg reported last Friday.
Other participants included Juroku Bank and Mobile Internet Capital, along with returning investors Singapore Exchange, Tokai Tokyo Financial Holdings and Hanwha Asset Management. It also serves accredited investors outside of Singapore, as long as they meet the country’s standards by holding the equivalent amount in assets and income.)
Chinese robotics firm Deep Robotics, in partnership with Singaporean electrical equipment supplier Eastern Green Power, has recently delivered an advanced power tunnel inspection solution to Singapore Power Group (SP Group). The solution features Deep Robotics’ self-developed X30 quadruped robot and cutting-edge digital technologies.
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