Singapore-based gaming startup Storms announced today it has raised an undisclosed sum in Series A round of funding from EDB New Ventures, a venture arm of the Singapore Economic Development Board (EDB).
Other backers include Singtel’s founding investors, AIS (Thailand), and SK Telecom (South...
The Monetary Authority of Singapore (MAS) has announced it will award two digital full bank (DFB) licenses to a consortium comprising Grab and national telco, Singtel and a wholly-owned entity by tech giant Sea.
Additionally, the central bank will grant two digital wholesale bank (DWB) licenses...
Singapore on Friday granted four firms including Ant Group and Grab the licenses to run digital banks in the Southeast Asian country, in a move that would allow tech giants to expand their financial services offerings.
The nation’s central bank, Monetary Authority of Singapore (MAS), said it...
Indonesia’s home-grown ride-hailing giant gojek today announced that it has raised US$150 million from Telkomsel, a leading network service provider and subsidiary of Telkom Indonesia and Singtel.
This strategic investment takes place about six months after gojek received a financing round...
Singtel may commit over US$440M to digital bank venture with Grab; The venture is a strong candidate for a full digital banking license; Grab holds a 60% stake in the digital bank venture and the remainder is owned by Singtel; Singtel has a subscriber base of 4.3M as of June while Grab has more...
Singtel brings back its social innovation accelerator programme Singtel Future Makers (SFM) this year with five startups on board.
The startups will receive support from a cash pool of up to USS$109,000. From August to October, they will also receive monetary and non-monetary support to work on...
Hooq, a five-year-old on-demand video streaming service that aimed to become “Netflix for Southeast Asia,” has shut down weeks after filing for liquidation and terminated its partnerships with Disney’s Hotstar, ride-hailing giant Grab, and Indonesia’s VideoMax.
Hooq Digital, a joint...
At GamesBeat Summit 2020, Niko Partners' Lisa Hanson discussed infrastructure, gaming-as-a-service, esports, and undersea cables with Singtel's Tim Guhl.Read...
Southeast Asia is the world’s fastest-growing region for online game revenue, generating an expected revenue of US$8.3 billion by 2023.Read...
Internet of things satellite connectivity startup Myriota has raises a $19.3 million Series B funding round, led by Hostplus and Main Sequence Ventures, with additional funding from Boeing, former Australian PM Malcolm Turnbull, Singtel Innov8 and others. The company has now raised $37 million in...
On-demand video streaming service Hooq said on Friday it has filed for liquidation after it failed to grow rapidly and cover its increasing operating costs.
Hooq Digital, a joint venture between Singapore telecom group Singtel (majority owner), Sony Pictures, and Warner Bros Entertainment, said...
Close to 65 per cent of Singaporeans are open to the idea of adopting a digital-only bank, according to the Visa Consumer Payment Attitudes Study.
Based on the study, 84 per cent of Singapore respondents indicated that they would be interested in using digital banking services offered by an...
Cybersecurity startup Horangi nabs US$20M Series B led by Provident Growth
Horangi, a Singapore-based cybersecurity company that provides solutions to industries across Southeast Asia, has announced a US$20 million fundraise in a Series B round, led by Southeast Asian private equity firm Provident...
Kickstart Ventures’ Co-founder and President Minette Navarrete
Kickstart Ventures has lately been in the news for its US$200 million funds deployment plans in the Philippines. For the country’s startup scene, which is believed to be lagging behind other countries in the region despite a...
Co-founder of Circles.Life Abhishek Gupta
Singapore’s Circles.Life lets go employees despite recent Warburg Pincus-backed funding
Mobile virtual network operator Circles.Life reportedly has let go of several employees and eliminated roles associated with non-priority projects less than a month...
South Korea’s ATU Partners launches e-sports-focussed growth fund – Dealstreet Asia
South Korean private equity firm ATU Partners has announced the launch of a US$17-million growth fund that will invest in e-sports space, Dealstreet Asia reported.
Said to be the first in the region to focus on...
Grab Holdings Inc announces that it has formed a consortium to apply for a digital full bank licence in Singapore with Singtel, the communications technology group.
Grab will have a 60 percent stake in the consortium entity while Singtel will hold a 40 percent stake.
In a statement, it is stated...