Local payments platform-as-a-service firm PPRO raises US$50M The story: PPRO, a local payments platform-as-a-service with operations in Singapore, has closed a US$50 million financing round. Investors: Sprints Capital (lead), Citi Ventures and HPE Growth. Plans with the capital: To scale the...

The buzzword for undergraduates today has been internships and the current situation we find ourselves in has increased its popularity exponentially. Given the poor job market today, even graduates are snatching at internships to tide themselves through these tough times. This has led to an influx...

2020 was supposed to be an exciting year for Southeast Asia’s thriving startup ecosystem. With strong economic growth, rising affluence, and growth capital strengthened, startups were entering into the region’s golden age.  But all that changed when the novel strain of coronavirus, which the...

ShopBack acquires South Korean rebates platform Ebates ShopBack, an online rewards and discovery platform, has acquired South Korean cash-back startup Ebates, according to a company statement. Although the terms of the deals were not disclosed, this acquisition will grow ShopBack’s user base and...

ShopBack, a Singapore-based rewards and discovery platform, announced its acquisition of Ebates Korea, the Rakuten-owned online cashback platform, for an undisclosed amount. Ebates Korea has ceased operations as a result of the acquisition and its users will be directed to the ShopBack Korea beta...

Singapore-headquartered ShopBack shares how it grew its value proposition in the Southeast Asian e-commerce space and attained year-on-year growth The exponential growth of e-commerce has been one of the largest contributors to the rise of Southeast Asia’s digital economy. In 2019, Southeast...

The EV Growth team Singapore-headquartered venture capital firm EV Growth has announced the close of its first fund at US$250 million, exceeding the firm’s initial target of US$150 million. The VC firm’s new Limited Partners (LPs) include several Asia-based family offices and two of Asia’s...