Categories Singapore

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Grab launches new consumer financial services, including micro-investments and loans

Grab announced today that its financial unit, which previously focused mainly on services for entrepreneurs and small businesses, is launching a slew of consumer products, including micro-investments, loans, health insurance and a pay-later program. Based in Singapore, Grab began in 2012 as a ride-hailing company before expanding into on-demand deliveries […]

Future Fields is tackling cultured meat’s biggest problem

One possible solution to cellular agriculture’s biggest problem — how to develop a cheap, humane, growth material for cultured meat — may have come from a conversation in line at a Tim Hortons in Alberta. The husband and wife duo of Matt and Jalene Anderson-Baron were waiting for Timbits and […]

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Singapore-based marketing SaaS startup Insider gets $32 million to enter the US

Insider, a Singapore-based startup that develops software to help clients make marketing decisions, plans to launch in the United States after raising a $32 million Series C. The round was led by Riverwood Capital, with participation from Sequoia India, Wamda and Endeavor Catalyst. Founded in 2012, the company says its […]

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US plans to rollback special status may erode Hong Kong’s startup ecosystem

For two months, the people of Hong Kong waited in suspense after China’s legislature approved a new national security law. The legislation’s details were finally made public yesterday and almost immediately went into effect. As many Hong Kong residents feared, the broadly written new law gives Beijing extensive authority over […]

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GoBear raises $17 million to expand its consumer financial services for Asian markets

Singapore-based fintech startup GoBear has raised $17 million from returning investors Walvis Participaties, a Dutch venture capital firm, and Aegon N.V., a life insurance and asset management provider. The funding brings GoBear’s total funding so far to $97 million, and will be used to expand its consumer financial services platform, […]

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Southeast Asian lending platform Validus raises $20 million for its Series B+ round

Small- to medium-sized businesses are one of the most important parts of Southeast Asia’s economy, but many have trouble securing growth capital from traditional financial institutions. Validus wants to fix the financing gap with its peer-to-peer lending platform, which connects accredited lenders with SMEs. The Singapore-based startup announced today that […]

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Boston Dynamics’ Spot is patrolling a Singapore park to encourage social distancing

Since announcing the commercial availability of Spot, Boston Dynamics has presented a range of different gigs for the robot, from construction to telepresence. Last month, the company announced it was partnering with local hospitals interested in using the platform to perform remote visits for COVID-19 victims. Turns out the global […]

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RWDC Industries is a new startup hoping to become a bioplastics giant in Athens, Ga.

Daniel Carraway spent his entire career working in paper and bioplastics. The serial entrepreneur began his career at International Paper working in their research division before founding two previous companies which became cornerstones of the bioplastics industry. His latest venture, RWDC Industries, has raised $133 million in a recent financing […]

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NHS COVID-19: The UK’s coronavirus contacts-tracing app explained

The UK has this week started testing a coronavirus contacts-tracing app which NHSX, a digital arm of the country’s National Health Service, has been planning and developing since early March. The test is taking place in the Isle of Wight, a 380km2 island off the south coast of England, with […]

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Financial tech startup Previse raises $11 million to help suppliers get paid faster

Previse, a fintech focused on helping suppliers get faster payment, announced that it has raised $11 million in new funding led by Reefknot Investments and Mastercard. Returning investors Bessemer Venture Partners, Hambro Perks and Augmentum Fintech also participated. Founded in 2016, Previse says it currently processes about 100,000 invoices a […]