singapore startup ecosystem

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Binance to restrict Singapore services on global crypto platform

Binance’s CEO said the restrictions would only apply to the global app and urged users to switch to the firm’s…

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Singapore fintech firm Fomo Pay secures three new licenses from MAS

Fomo Pay now holds four out of the seven key regulated activities under Singapore’s payment services act licensing framework. Source…

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Sea Group’s CEO Forest Li is now Singapore’s richest man

The surge in Li’s net worth comes after Sea’s American depositary receipts climbed 67% this year, reported Bloomberg. Source link

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Ex-Grab, Uber, Microsoft execs’ F&B startup lands $6.5m in Sequoia co-led round

Momos is working with food and beverage firms across Southeast Asia, including The Lo & Behold Group, Flash Coffee, Guzman…

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Ex-Grab, Tencent exec’s startup aims to cut drop-offs from shopping carts

Arrow eliminates the need for users to enter their personal data, including passwords, credit details, and addresses, when making a…

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SGInnovate-backed Singapore foodtech firm banks $4.4m in series A money

Currently, Ai Palette is working with household names like Danone, Kellogg’s, Cargill and Dole. Source link

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Shopee’s surge pushes Sea Group’s revenue to $2.3b in Q2

Shopee’s revenue grew by 160.7%, pushing it to US$1.2 billion. Its Malaysian unit also turned profitable on an adjusted EBITDA…

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Carousell announces initiative to help non-profit organizations

Through this initiative, users can also make direct donations to these non-profit organizations, with 100% of the proceeds going straight…

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Singapore edtech firm launches $1m fund to address skill gap among workers

Kydon aims to offer a subsidized subscription plan to about one million Singaporeans by 2024. Source link

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Singapore fintech firm Validus hits $738m in loan disbursals to SMEs in Southeast Asia

Validus reported the most recent quarter as its strongest to date, with total loan disbursements exceeding US$110.6 million. Source link