STARTUPS

GrabPay wallets to allow instant remittance overseas

RIDING on its vision to build the "Asean e-wallet" of choice, Grab on Thursday announced a remittance offering that will allow both banked and unbanked users to remit money instantly and securely to receivers in another country using their GrabPay wallets...

Proptech startup fills market gap with hybrid model

AT some point in their lives, everybody ends up buying, selling or renting a home. But navigating the traditional process can be tedious, with long lead times and costs being racked up.
ASEAN SUMMIT 2018

GrabPay wallets to allow instant remittance overseas from early 2019

RIDING on its vision to build the “Asean e-wallet” of choice, Grab on Thursday announced a remittance offering that will allow both banked and unbanked users to remit money instantly and securely to receivers in another country using their GrabPay wallets.
SINGAPORE FINTECH FESTIVAL 2018

Private exchanges a good way for startups to rehearse for IPO

FIRMS can look to private exchanges for capital raising and as a way to prepare for an eventual listing, said panellists on Wednesday during the Global Investor Summit, which took place during the Singapore FinTech Festival.
SINGAPORE FINTECH FESTIVAL 2018

'Reducing friction' for its consumers is key for Go-Jek

GO-JEK has a simple philosophy when it comes to expanding in South-east Asia, at least according to its president Andre Soelistyo.
SINGAPORE FINTECH FESTIVAL 2018

MAS launches US$5b kitty to woo fund managers to drop anchor here

THE Monetary Authority of Singapore (MAS) is making a US$5 billion move to anchor fund managers in Singapore, in preparation for a scale-up in private market activity.

MAS launching US$5b fund for private equity and infrastructure investments

THE Monetary Authority of Singapore (MAS) is launching a US$5 billion fund for private market investments, to be managed by top global private equity and infrastructure fund managers.
SINGAPORE FINTECH FESTIVAL 2018

E-payment war morphing from single to paired fighters

THE e-payment fight has taken on a new complexion. Facing each other on the frontlines are no longer single warriors - be it a Super App, fintech startup or financial incumbent - but newly-formed teams of unicorn and incumbent.
SINGAPORE FINTECH FESTIVAL 2018

More work needed in regulations, industry to grab blockchain opportunities: panel

BLOCKCHAIN is no longer just a hype. There are real opportunities in using the technology for the economy, but regulators need to work with each other and the industry to support its growth, said international panellists during discussions at the Singapore Fintech Festival on Monday.
SINGAPORE FINTECH FESTIVAL 2018

Banks told to shed 'legacy stuff' for real innovation to happen

FINANCIAL institutions need to adapt their culture in the age of disruption in order to see real innovation.

Grab in tie-up with UOB for financial services in region

UOB and Grab have entered into an alliance that will see UOB delivering financial services to Grab’s user base in Asean.

Co-living startup Hmlet raises US$6.5m in Series A funding led by Sequoia India

SINGAPORE based co-living platform Hmlet has raised US$6.5 million in Series A funding led by Sequoia India.

Go-Jek partners DBS to offer regional payments services

GO-JEK has scored a partnership with DBS Bank for regional payment services ahead of its arrival in Singapore.

Understand needs of customers: GIC

GIC is no stranger to investing in technology. The sovereign wealth fund was an early supporter of the venture asset class, opening its office in San Francisco, home to Silicon Valley, more than 30 years ago.

Startup Sygnum in tie-up with blockchain firm daura

FINTECH startup Sygnum on Friday announced its partnership with blockchain company daura to build a solution to securely issue digital assets such as tokenised shares and investment products.

Less than half in survey confident Singapore will be cashless soon

THE majority of consumers in Singapore would like for the country to become a cashless society – but when it comes to actually seeing that vision materialise in the near future, consumer confidence remains low.

Grab scores coup on Super App rivals with KBank tie-up in Thailand

THE heat is on again for Super Apps in South-east Asia. This time, the fight lies in the race to develop the region's e-wallet of choice...

Grab partners Thailand's KBank to launch e-wallet in 2019, gets US$50m investment from bank

GRAB on Thursday announced a partnership with Thailand’s Kasikornbank (KBank) to launch mobile payment application GrabPay by KBank.

Jardine C&C Q3 gain down on fair-value losses

JARDINE Cycle & Carriage (Jardine C&C) on Wednesday posted a 3 per cent dip in net profit to US$200.9 million for the third quarter ended Sept 30.
NEW FUNDING

MassMutual's venture capital arm sets up US$50m fund in Singapore

MASSMUTUAL Ventures (MMV), the venture capital arm of the Massachusetts Mutual Life Insurance Company (MassMutual), has established a US$50 million Singapore-based fund for investments in South-east Asia.

Jardine C&C Q3 earnings down 3%

JARDINE Cycle & Carriage (Jardine C&C) on Wednesday posted a 3 per cent dip in net profit to US$200.9 million for the third quarter ended Sept 30.

MassMutual's VC arm sets up US$50m fund in Singapore

MASSMUTUAL Ventures (MMV), the venture capital arm of the Massachusetts Mutual Life Insurance Company (MassMutual), has established a US$50 million Singapore-based fund for investments in South-east Asia.

Local biometrics startup Touché expands to the Middle East

SINGAPORE tech firm Touché, which offers a fingerprint-based payment and loyalty management system, has made headway in its expansion into the Middle East.

Ascendas Hospitality Trust Q2 DPS up 2.8%

ASCENDAS Hospitality Trust (A H-Trust) on Wednesday posted a 2.8 per cent rise in second quarter distribution per stapled security (DPS) to 1.46 Singapore cents from 1.42 cents previously.

Ascendas Hospitality Trust Q2 DPS up 2.8%

ASCENDAS Hospitality Trust on Wednesday posted a 2.8 per cent rise in distribution per stapled security (DPS) for the second quarter ended Sept 30. DPS expanded to 1.46 Singapore cents from 1.42 cents.