Mumbai-based QwikPik Technology Pvt. Ltd, which operates cloud kitchen platform Yumlane, said on Monday it has raised $1 million (Rs 7.52 crore at current exchange rates) in a new funding round. The round was led by Singapore-based Jetty Ventures, Yumlane said in a statement. It will use the capital to move into new regions and ramp up hiring. Yumlane was…
AMTD Digital, the integrated digital solutions platform of AMTD Group, announced that it will acquire a controlling stake in FOMO Pay, a QR payments provider, via its “Fusion-in” programme, which involves using a combination of share swap and cash for investment. The acquisition is subject to the Monetary Authority of Singapore’s (MAS) approval. FOMO Pay is a well known Singaporean…
Singapore-based robotics startup Botsync has secured seed-funding from lead investors Wong Fong Industries Ltd., SEEDS Capital, Angelhub and Artesian Venture Partners for an undisclosed amount. The funding will enable them to accelerate product development, build new technology teams and scale up production of their heavy-duty autonomous mobile robot solutions, to support the logistics and manufacturing sector. Four Indian graduates from…
Total equity funding reached a record-high $462m. Singapore-headquartered fintechs saw a sharp increase in investments in April and May, a recovery from the downturn seen in Q1, as investors injected funds into large firms relevant to the current environment, according to a BCG FinTech Control Tower report. Total equity funding hit a record-high $462m YTD, showing solid confidence in the…
Singapore is positioning itself for a post-coronavirus world with massive investment in innovation, over and above the immediate support it is giving to help the economy rebound from possibly its worst downturn on record. The government will set aside more than S$20 billion ($14.3bn/Dh52.6bn) to support research in “high impact areas” such as health and biomedical sciences, climate change and…
NVESTMENT in Singapore-based financial technology (fintech) firms spiked year on year in the first six months, on the back of a surge in deals in April and May 2020. Equity funding hit S$462 million in the period to June 15, up 19 per cent against the first half of 2019, going by industry data released on Friday. Banking services for…
Singapore has retained its top spot as the world's most competitive economy in the latest edition of the IMD World Competitiveness Ranking. The Republic held on to the top slot for a second straight year in the annual list of 63 economies, which analyses their ability to generate prosperity. Making up the top five after Singapore were Denmark, Switzerland, the…
HSBC is resuming its plans to cut about 35,000 jobs worldwide in the medium term as part of a major overhaul it had announced earlier this year. But there will be no redundancies in Singapore this year, The Straits Times understands. A spokesman said Singapore remains one of its growth markets. "Since 2018, HSBC Singapore has grown its headcount by…
NamZ, a Singapore food tech developing “future fit” foods using climate-resilient crops, has just launched a range of sustainable food products under its new brand WhatIF Foods. Products include shakes, soups and noodles, all of which are designed to be nutritious yet convenient for consumers. The company hopes that it will help bolster Singapore’s food security while supporting farming communities,…
Digital construction management startup Hubble and online language learning platform LingoAce have raised $3.6 million and $7 million in venture capital funding, respectively. Hubble secures $3.6m in Tin Men-led funding Hubble, a Singapore-headquartered AI and machine learning-driven digital construction management startup, has secured $3.6 million in its first external funding round. The financing was led by venture capital firm Tin…