April 20, 2021
Singapore-based STACS has bagged $3.6 million in a pre-Series A round led by early-stage venture capital firm Wavemaker Partners, with participation from Tribe Accelerator and existing investor Stellar Partners.
This brings the total amount raised by the fintech startup to $6 million since it was founded in 2019.
The current round, which is equity-based, is a prelude to the company’s Series A funding round. STACS will start fundraising in the third quarter of this year, its founder and managing director Benjamin Soh told DealStreetAsia, adding that the upcoming round will be larger than the latest haul.
The fresh funds will help the company hire more people as it tries to scale up, he said. It currently has 30 employees, and aims to have 15 more by the end of this year – half of them in the technical team, and the other half in business development.
People Digest: Aviva Singlife appoints CIO; ImaginXP announces new key hire
Photo: Andre Hunter/Unsplash
April 14, 2021
Aviva Singlife Holdings Pte Ltd has appointed Kim Rosenkilde as Group Chief Investment Officer while India’s ImaginXP has appointed Dr. Neeraj Sharma to lead university partnerships for its university partnered and embedded businesses.
Aviva Singlife appoints CIO
Aviva Singlife Holdings Pte Ltd, the holding company established following the merger of Aviva and Singapore Life (Singlife), has appointed Kim Rosenkilde as Group Chief Investment Officer with effect from 8 April 2021.
In this new role, Rosenkilde will coordinate investments across the two licensed insurers and will be seconded to the Asset Liability Committees of Singlife and Aviva.
Aviva Singlife the holding company established following the merger of Aviva Ltd and Singapore Life has appointed Kim Rosenkilde as group chief investment officer with effect from 8 April 2021. An industry veteran with over 30 years in financial markets, Mr Rosenkilde's appointment comes as Aviva
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