Setting Up A Single Family Office (SFO) In Singapore - Finance and Banking mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.
Tiger Brokers Singapore to Offer Singapore s First Dividend-Paying China-Focused ETF through Lion Global Investors
SINGAPORE, Jul 16, 2021 - (ACN Newswire) - Xiaomi-backed online brokerage Tiger Brokers Singapore (Tiger Brokers) today announced that they had been invited by Lion Global Investors, one of the largest asset managers in Southeast Asia, to be among the Authorised Participating Dealers (PDs) for the Lion-OCBC Securities China Leaders ETF, listed on Singapore Exchange Securities Trading Limited (SGX-ST). Investors on Tiger Brokers platform, Tiger Trade, will be able to access Singapore s first China-focused dividend-paying ETF. This ETF allows investors to partake in China s growth story as well as diversify their investment portfolio by including Chinese stocks in an easy and affordable way.
Singaporean robo advisor Syfe announced that it has secured SG$40 million (US$30 million) during its Series B funding round.
The fundraise was led by US-based Valar Ventures, the venture capital fund co-founded by Peter Thiel, which led Syfe’s Series A. Existing investors Presight Capital and Unbound also participated in the round.
This latest capital injection comes just nine months after Syfe’s Series A funding round in September 2020. It brings Syfe’s total capital raise to SG$70.7 million (US$52.6 million) since 2019, and more than triples the firm’s valuation.
The funds raised will be used to expand into new markets in Asia, invest in top talent and develop more high-quality investment products and services.
Investment app Syfe raises $30M Series B led by returning investor Valar Ventures
Syfe founder Dhruv Arora
Investment apps in Southeast Asia are attracting a lot of funding, and now some are raising fast follow-on rounds, too. For example, Indonesian robo-advisor app Bibit raised $65 million in May just four months after a $30 million growth round. Now Singapore-based Syfe is announcing that it has closed a $30 million Series B, only nine months after its Series A. It also said all of Syfe’s full-time employees will receive equity in the company.
The latest round’s lead investor is Valar Ventures, which also led Syfe’s Series A, marking the fintech-focused venture capital firm’s first investment in an Asian startup. Returning investors Presight Capital and Unbound participated, too.
Block one & Cryptology Asset Group Lead $7 5M Seed Investment in Chintai prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.