Singapore

Singaporean peer-to-peer (P2P) lending platform Validus has acquired business payments and expense management technology platform Klearcard in an undisclosed deal. The acquisition of the KlearCard platform will pave the way for Validus to accelerate its build-out of a credit-led and SME-focused neobank. The Singapore-based company recently launched its Series C fundraise and is targeting $100m in equity …

Fintech startups in Singapore have collectively raised S$656 million (US$492.8 million) in equity funding in the first quarter of 2021, a 355% increase from the previous year, according to a report by Boston Consulting Group. Companies operating in the retail banking, capital market, and technology sectors have gained the strongest funding traction in 2021 so far, with …