Singapore Tech News

Singapore-based metaverse platform Utown has secured $4.7 million in a fresh funding round, according to regulatory filings.

Singapore state investor Temasek continues to follow a ‘bottom-up’ approach as it scouts for new investments in India amidst global macro headwinds.

Tech firms seeking late-stage funding would have to take Y Combinator off their list as the startup accelerator said it will pull back from late-stage investing.

Huobi had withdrawn all its funds out of failed New York-based Signature Bank and crypto-focused bank Silvergate Capital Corp.

Binance is converting the last US$1 billion in its recovery initiative funds from Binance USD, its stablecoin offering, to tokens like Bitcoin, Ether, and Binance Coin.

Property tech startup Ohmyhome officially started trading on the Nasdaq on Wednesday to become the first Singapore company to list in the US this year.

Kredivo Holdings has raised about US$270mil (RM1.20bil) in equity financing, defying a market correction that’s made it difficult for many startups to obtain fresh capital.

GIC will invest $1 billion for a roughly 5% stake in Europe-based clean energy firm EDP Renovaveis (EDPR).

MAS is reviewing feedback from respondents on proposed cryptocurrency and stablecoin regulatory measures and is looking to publish its response by mid-2023.