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Carousell unveils mobile wallet CarouPay powered by DBS, Stripe, Visa

CAROUSELL, which operates an online marketplace, on Wednesday announced the launch of its long-awaited mobile payment service, CarouPay, which will allow users to make payments to sellers without using third-party fund transfer platforms or meet-ups. An “integrated payment system”, CarouPay is developed in partnership with three players: DBS, Stripe and Visa. With CarouPay, buyers will

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Cinnamon Inc. raises 9 Million USD by equity and debt finance.

Main Shareholders of Cinnamon Inc. Cinnamon Inc. raises 9 Million USD by equity and debt finance. To achieve the vision of ‘Disruptive Ai to extend human potential’ by improving white-collar productivity, Cinnamon Inc. will enhance its products and strengthen the organizations. One of the leading Artificial Intelligence (AI) startups, Cinnamon Inc. (Headquarters in Tokyo, Japan),

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Singapore bets right on ‘gazelles’: Stripe

A TOP executive at one of the world’s most valuable payments technology startups has lauded Singapore for being ahead of the curve in “realising economic transformation through high-growth startups” – what she proclaims is a little-known but important concept globally. Claire Johnson, chief operating officer at Stripe, said that Singapore is one of few countries

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Fintech firm Ayannah plans to triple workforce

MANILA – Financial technology firm Ayannah hopes to triple its pool of agents to 30,000 this year, as more Filipinos tap technology for payments, remittances and other money transactions, said its founder and CEO Mikko Perez. Ayannah is among startups mentored by Endeavor, a group of business leaders helping high-impact entrepreneurs. “We have the full

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Ethereum Startup Omise Gains Megabank Sponsor for Blockchain Coworking Space in Japan

Mizuho, one of Japan’s three so-called ‘megabanks’, will sponsor Neutrino, the country’s first blockchain coworking space established by Ethereum-based startup Omise Japan. Named ‘Neutrino’, the country’s first specialized blockchain co-working space was established by Omise in Tokyo in March this year. Omise, a Thai-based startup, sees Ethereum co-founder Vitalik Buterin among its advisors and closed

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Payment company Xfers wins police award for fighting cybercrime

Xfers co-founder Samson Leo (left) with Singapore Police Force senior investigation officer of the Technology Crime Division, Mr Edwin Choo. Xfers, like PayPal, works by having users top up their e-wallet to trade online. ST PHOTO: GAVIN FOO Xfers co-founder Samson Leo (left) with Singapore Police Force senior investigation officer of the Technology Crime Division,

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Online Marketplace Carousell Reveals $85M Investment Boost, Makes ‘AI-First’ Pledge

Carousell co-founder and CEO Siu Rui Quek Singapore-based e-commerce platform Carousell announced Monday that it had raised $85 million in Series C funding led by Rakuten and EDBI — a timely boost to its coffers as it improves its fast-growing classifieds app and innovates in spaces like artificial intelligence. After launching in 2012, Carousell now

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Singapore’s auto marketplace Carro closes $60m Series B led by SoftBank Korea, others

Singapore’s online automotive marketplace Carro on Monday announced that it has secured a series B funding of $60 million in a round led by SoftBank Ventures Korea, Insignia VenturesPartners and B Capital Group. The deal was also participated by the family office of Manik Arora (Founder of IDG Ventures India), while existing investors Venturra, Singtel Innov8,

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