Singapore’s technology news in August of 2023 covered items and developments including: Grab’s acquisition of a Singaporean taxi-cab operator; fintech-focused funding from Singapore Monetary Authority; DBS Bank’s move into the metaverse; electrically-driven lithium extraction in Singapore; and more.
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Singapore technology news item in full.
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pwc: Fintech Innovation in Singapore – growth in uncertain times
- Singapore: Cerebry artificial intelligence-driven education-tech startup raised $1M with ‘adaptive learning’ focusing on K-12 students across the Asia Pacific
- Singapore: Monetary Authority allocates $112M over 3 years to boost grasp emerging tech and boost innovation in the city-state’s financial sector
- Singapore: Grab ride-hail giant to acquire Trans-Cab, Singapore’s 3rd-largest taxi operator, gaining 2200 taxis, over 300 private-hire vehicles, fuel pump operations and more
- Singapore: X-PITCH 2023 applications are open to September 15th, this year running high-intensity 60-second pitch challenges on the Singapore River
- Singapore: Hegg launches eggless Japanese-style mayonnaise, looking at opportunities across Asia with ‘localised flavours’
Singapore: National Artificial Intelligence Strategy
- Singapore: Beep launches VoltNet, network of 1350 EV charging points from 11 operators, with sights on 5000km charging ‘highway’ spanning 5 countries
- Singapore: An intro to NEU Battery Materials, focusing on lithium extraction via environmentally-friendlier electrometallurgy, making extracted lithium available for production of new batteries
- Payoneer gains Singapore payments license, allowing account issuance, cross-border and domestic transfers, e-money issuance and merchant acquisition, fueling SEA expansion
- Singapore’s DBS Bank launches metaverse foray with DBS BetterWorld to raise awareness about environmental, social, and governance issues, starting with global food waste
World Economic Forum: Markets of Tomorrow Report 2023
- Singapore: Qashier digital commerce firm gains $10M with over 6K merchants in Singapore, Malaysia, Philippines and Thailand, with services spanning inventory, customer loyalty, QR ordering and more
- Singapore’s Charged Asia EV firm gains $40M with primary focus on Indonesia, with ‘zero-energy’ production, 3 models of 2-wheel e-bikes, and sights on Vietnam and wider SEA growth
- Cambodia: An intro to Singapore’s Boost Capital, providing chat-based loan applications for the unbanked and underbanked, aiming to make the process cheaper and more efficient
- Download: ‘Digital Trust Insights 2023 – The Southeast Asia Perspective’ from pwc, a survey of 122 business, tech & cybersec execs across Indonesia, Malaysia & Singapore
- Indonesia, Thailand, Malaysia & Singapore advance with implementation of bilateral transactions via QR codes, with payments settled in local currencies
SGInnovate: Singapore early-stage emerging tech startups 2022
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Tech in Asia Conference 2023 – October 18-19, Jakarta, Indonesia
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