DBS launches venture debt programme for tech start-ups to raise funds

DBS launches venture debt programme for tech start-ups to raise fundsDBS Bank has launched a programme to provide financing to technology start-ups and expand capital-raising options for technopreneurs.

Tech start-ups can tap the new DBS venture debt programme for working capital, buying fixed assets and even project financing.

To qualify, tech start-ups must be backed by DBS’s partner venture capitalists, who include Vertex Venture, Monk’s Hill Ventures and Golden Gate Ventures. They should have raised at least […]

SGX to roll out initiatives to help tech start-ups, SMEs gain access to financing

SGX to roll out initiatives to help tech start-ups, SMEs gain access to financingSGX set up a team in the last quarter of 2014 to look into supporting the growth of small- and medium-sized enterprises and tech start-ups and attracting them to list in Singapore.

A sign shows the location of the SGX Centre in downtown Singapore. (AFP/Roslan Rahman) SINGAPORE: The Singapore Exchange (SGX) plans to […]

Singapore’s MoneySmart heads to Indonesia with acquisition of regional counterpart

Singapore’s MoneySmart heads to Indonesia with acquisition of regional counterpartSingapore-based personal finance portal MoneySmart today announced its entry into Indonesia with the acquisition of its regional counterpart KreditAja . The acquisition was a full equity deal, with the latter taking a minority stake in MoneySmart.

Since it was founded a year ago , KreditAja’s 11-man team has seen north of a million […]

Cradle Fund ropes in four more co-investment partners

PETALING JAYA: Cradle Fund Sdn Bhd has joined forces with four more co-investment partners following its first co-investment partnership with Singapore-based seed fund provider, Golden Gate Ventures Pte Ltd last June. Co-investment means Cradle will match the investment made by an investing partner or angel investor ringgit to ringgit. […]

Mobile Marketplace Carousell Raises $6M Series A Led By Sequoia Capital

Mobile Marketplace Carousell Raises $6M Series A Led By Sequoia Capital

Carousell , a mobile app marketplace that lets sellers upload items with a few taps on their smartphones, has raised $6 million in Series A funding led by Sequoia Capital. The Singaporean startup’s existing investors, Rakuten Ventures, Golden Gate Ventures, 500 Startups, and serial entrepreneur Darius Cheung, also returned […]

The company plans to hire more growth and web engineers to support its expansion into Indonesia, Malaysia, and Taiwan. Eventually, Carousell’s founders hope to take it further into the Asia-Pacific region.

AT&T to host 2014 Philippines Mobile App Developers’ Day

AT&T, A Space Manila and Golden Gate Ventures will co-host 2014 Philippines Mobile App Developers’ Day in Manila on 6 and 7 December. The Philippines Mobile App Developers’ Day is a contest that will challenge participants in the Philippines to create a mobile app within 24 hours. The theme of the event this year is ‘Smart City and Community Involvement’. Teams that come up with the best apps will win prizes worth over USD 9,000, as well as 6-month coaching and mentoring by Golden Gate Ventures.

AT&T, A Space Manila and Golden Gate Ventures plan to provide the resources, education and networking structure to create apps more rapidly and at reduced costs. Participants will have

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People in Singapore are getting a bad deal in property search. This startup wants to fix that

Property search in Singapore is like a mirage. Yes, sites like PropertyGuru and iPropertyare popular among Singaporean property seekers and real estate agents, but they’re more like online classifieds than true-blue search engines like Google. And there lies the fundamental problem.

“This [market] is where you advertise to win. You pay to get yourself to the top of the game. This is how you get more links and more views and more calls,” says Darius Cheung, CEO and founder of 99.co, a Singapore startup that’s offering a different – and some may say purer – take on property search […]

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Ayannah scores GREE Ventures as investor

GREE Ventures today announced that it has invested an undisclosed amount in Philippines-based Veritas Mobile Holdings Ltd, which operates as digital commerce and payments services platform Ayannah.

According to an official statement, this latest injection of funds is part of an upsized follow-on round. The investment will be used to help Ayannah move into other emerging markets in Southeast Asia and beyond.

Ayannah last made headlines in July 2014 when it raised US$1 million from venture capital firms such as […]

Thailand’s Anywhere to Go lands funding led by 500 Startups

claimdiThailand-based startup Anywhere to Go has today announced raising an undisclosed amount in seed funding led by 500 Startups, with participation from venture capital firm Golden Gate Ventures, and other investors like Mike Prasad, Takeshi Ebihara (Rebright Partners), Samer Karam, Tommy Chia (Super Aces Ventures), and Ravi Agarwal (engageSpark).

The Echelon 2014 alumnus had previously developed iLertU, an app that lets people keep track of their loved ones, and Claim Di, a mobile application for car owners to make accident claims.

Currently, Anywhere to Go is working through the third month of […]

What Makes An Asian Tiger? Singapore’s Unlikely Economic Success Lies In Its History

0304_singapore-skyline_1024x576When Dutch economist Dr. Albert Winsemius arrived in Singapore in 1960, tasked by the United Nations with salvaging the struggling island economy, he gloomily remarked upon “this poor little market in a dark corner of Asia.” Over five decades later, Singapore’s market is neither poor nor little—the country sports the world’s seventh largest GDP per capita and more than one in six households have $1 million in cash savings. In the past decade alone, the number of Singaporeans running their own business has doubled, giving the city-state the world’s second most entrepreneurs-per-capita, behind only […]