Responding to digital era, J.P. Morgan, DBS and Temasek partner to establish blockchain-based payment platform
Designed as open platform to encourage broad participation by banks globally Will leverage blockchain technology and digitise M1 commercial bank money
Southeast Asia’s unicorns attracted US$24 billion of the total US$37 billion raised in the past four years.
Total funding for the food-tech startup now exceeds US$750 million.
Funds came from Sequoia Capital, Temasek, Burda Principal Investments, Sofina, EDBI and existing investors.
During this enhanced beta phase, Gojek seeks to further fine-tune its app and user experience based on feedback.
DBS/POSB customers will be the first to enjoy Go-Jek rides during this phase.
The two will work together on payment services ahead of the Indonesian company’s arrival in Singapore.
Golden Gate Ventures Fund III closes, anchored by existing investors Temasek, Hanwha, Naver, and EE Capital with new investors such as Taizo Son’s Mistletoe, Mitsui Fudosan, IDO Investments, CTBC Group, Korea Venture Investment Corporation (KVIC), and Ion Pacific.
Temasek, will hold a majority 60% of the new entity while StarHub will own the remaining 40%.
Singapore-based financing platform offers access to financing from accredited individual and institutional lenders.