500 Startups invests in Singapore-based esports startup ESPL

Esports Players League (ESPL), an esports tournament network and platform, announced it has secured an undisclosed amount of seed investment from 500 Startups. Founded in 2019, Singapore-headquartered ESPL creates mobile ecosystems for amateur esports leagues globally. It uses a franchise model, which allows esports players to participate in global tournaments. Aside from mobile esports, it also features PC and console-based…

Fast-growing digital bank Revolut triples valuation to $5.5 billion

British financial technology start-up Revolut has raised $500 million in a fresh round of funding that values it at $5.5 billion. The investment round was led by Silicon Valley-based venture capital firm TCV — an early investor in companies like Facebook and Netflix — and also attracted backing from existing investors Ribbit Capital, DST Global, Lakestar and GP Bullhound. It…

Singapore chatbot startup Pand.ai secures pre-series A funding

Singapore-based conversational AI startup Pand.ai has raised an undisclosed amount of pre-series A funding from Bualuang Ventures, the corporate venture capital arm of Bangkok Bank. It plans to use the new funds to expand the resources of its natural language processing (NLP) lab in Singapore, which focuses on developing conversational AI engines for Southeast Asian languages, according to a statement.…

9 Singapore companies make it to Forbes Asia’s Best Over A Billion list

Nine companies from Singapore have made it to Forbes Asia's inaugural Best Over A Billion list, which spotlights 200 top-performing listed companies across Asia-Pacific with revenues of US$1 billion (S$1.39 billion) or more. They are the Republic's Big Three banks - DBS Bank, OCBC Bank and United Overseas Bank - Wilmar International, CapitaLand, City Developments, Olam International, ASM Pacific Technology…

Singapore-based HR tech startup StaffAny raises $722k in seed funding

StaffAny, a Singapore-based startup which offers a workforce management solution for companies with hourly workers, said it has raised S$1 million (about US$722,000) in a seed round led by Japanese marketing tech company FreakOut Holdings and angel investors. The startup’s angel investors include HR tech entrepreneur Kenji Niwa, as well as the founders of live-chat software firm Zopim; Lim Qing…

Binance Singapore goes live and only supports bitcoin

Binance, the largest exchange by traded volume, has launched its third fiat-to-crypto exchange; this time in Singapore following exchanges in Uganda and Jersey. The fiat-to-crypto exchange will initially only support purchases of bitcoin, which is different from its existing fiat-to-crypto exchanges in Uganda and Jersey - both of which also support ether. Binance spokesperson said that "more pairs [may be]…

11 Major Mistakes To Avoid As A New Entrepreneur

Everyone makes mistakes along the path of entrepreneurship. These mistakes help you learn how to do things better the next time you are faced with a challenge and give you the motivation to continually move your business forward. While most mistakes that you make as an entrepreneur will teach you a thing or two about the way to run your…

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