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TNB Aura to invest $2m in each startup hit by Covid-19 crisis

TNB Aura, a Singapore-based venture capital firm focused on Southeast Asian investments, launched a new fund to invest US$2 million in each startup affected by the Covid-19 pandemic.

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Enterprise SG to help Singapore tech firms enter the US with 500 Startups tie-up

Enterprise Singapore, a government agency under the country’s Ministry of Trade and Industry, has partnered with Silicon Valley-based early-stage venture fund 500 Startups to run Global Launch, an accelerator program that would help startups in the city-state establish a presence in San Francisco.

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Connecting Asia’s startup ecosystem

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電子錢包初創YouTrip 完成2億港元Pre-A輪融資


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Singapore to roll out blockchain-based education certification system nationwide

Starting this year, graduates from 18 educational institutions in Singapore will receive digital certificates that are verifiable on the blockchain. Apart from helping employers weed out doctored certificates, OpenCerts could lead to efficiency gains, better security, and cost savings.

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Singapore’s Bet on Tech Startups Gains Ground With 150 VC Funds

Singapore’s effort to create an ecosystem to support startups is gaining ground, with the city-state now home to more than 150 venture capital funds. L’Oreal SA, Microsoft Corp. and Oracle Corp.

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In brief: Oyo acquires Singapore co-working space Innov8

Diversifying from the hotel and long-term lodging business, Oyo has acquired Singapore co-working space Innov8, sources said. Oyo, which has more than US$1.1 billion in its balance sheet, reportedly spent between 1.5 billion (US$21.6 million) and 2 billion rupees (US$28.

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Xfers is the first startup approved by the Singapore gov’t to run a large e-money service

The Monetary Authority of Singapore (MAS) has approved fintech startup Xfers’ application to become a widely accepted stored value facility (SVF). It is the first startup to get this approval. It joins the ranks of four other SVFs: EZ-Link Card, Nets CashCard, Nets FlashPay, and CapitaVoucher.

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Prime Minister Lee wants a payment system for Singapore. Razer boss: ‘Hold my mouse.’

When the country calls, you step up. That’s what Razer CEO Min-Liang Tan must have thought when Singapore’s Prime Minister Lee Hsien Loong posted on Twitter about the need for a unified payments system for Singapore.

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