AMTD, Xiaomi, Funding Societies, SP Group join Singapore digibank Race

Hong Kong-based investment banking firm AMTD Group, Xiaomi consumer finance arm Xiaomi Finance, Singapore government-owned SP Group, and crowdfunding startup Funding Societies officially announced they have submitted an application for a digital wholesale banking license in Singapore. The consortium, led by AMTD, focuses its bid on small and medium-sized enterprises in all stages of growth in Southeast Asia and Greater…

Tamar Schapira of SenseIT wins the best women-led startup in 2019

Tamar Schapira of SenseIT was declared the winner of the final of the Next Women Female Founders Force Program on 19 December 2019. She received the prize from Peter Potman, Deputy Director General of Foreign Economic Relations at the Ministry of Foreign Affairs during the Hearst HQ event. Tamar Schapira will gain access to a network of more than 150…

Rivian races ahead of other EV startups with $1.3 billion in new funding

Michigan-based EV startup Rivian has announced a massive new $1.3 billion financing round led by T. Rowe Price — one that includes existing investors like Amazon and Ford. It’s the fourth time Rivian has raised money this year, following an Amazon-led $700 million raise in February, a $500 million investment from Ford in April, and $350 million from Cox Automotive…

Licious raises $30 million in Series E, led by Singapore-based Vertex Growth Fund

Fresh meat and seafood brand Licious has raised $30 million in Series E funding round. The round was led by Singapore-basedVertex Growth Fund along with existing investors 3one4 Capital, Bertelsmann India Investments, Vertex Ventures Southeast Asia and India, and Sistema Asia Fund. Including this round, Licious has raised a total of $95 million to date. Bengaluru-based Licious was founded by…

Japan Display Says It Has Lined up $828 Million Financing

TOKYO—A financially strapped Japanese supplier of displays for Apple Inc. AAPL 0.25% ’s iPhone 11 said it has lined up financing of up to ¥90 billion ($828 million) from an investment fund with U.S. connections. Japan Display Inc. 6740 +0.00% said Thursday that it has agreed on the basic outline of an investment by a Singapore arm of Tokyo-based Ichigo…

Singapore’s Neuron Mobility raises $18.5M to bring its electric scooters to more international markets

Singapore-based startup, has closed an $18.5 million financing round as it looks to scale its e-scooter startup in international markets — a month after the nation introduced difficult regulatory changes. The new financing round, dubbed Series A, was funded by GSR Ventures, a venture capital firm that was the first institutional investor in Chinese ride-hailing giant DiDi Chuxing, and Square…

Singapore dental startup Zenyum secures $13.6m to fuel expansion plans

Singapore-based dental startup Zenyum has raised US$13.6 million in series A funding from RTP Global, Sequoia India, TNB Aura, and Enterprise Singapore’s Seeds Capital, among other investors. Zenyum plans to use the fresh funds to fuel its expansion plans to markets like Vietnam, Indonesia, and Taiwan. It currently operates in Singapore, Hong Kong, Malaysia, and Thailand. Founded in 2018, Zenyum…

Singapore online gift card startup bags $845k in seed funding

The startup, founded in 2014, operates an online gift card platform that serves both business-to-consumer and business-to-business markets. It offers gift vouchers from more than 100 food and beverage, lifestyle, and beauty brands, according to a statement. It also provides users with an array of gifting options from various merchants in Singapore, such as yoga sessions at Freedom Yoga, a…

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