Singapore: May 2021

Singapore tech news in May 2021

The May 2021 tech news summary for Singapore gathers items across subjects including 500 Startups’ entry to the city-state, FinTech Hackcelerator applications, Singapore’s agri-tech startups in the news, the Global Esports Games, fintech startups in the BNPL sector, and many more.

The headlines below outline Singapore’s tech news in May 2021, providing Startup News Asia’s readers with:

• an at-a-glance overview of the month’s tech news;
• instant insights into tech and startup ecosystems; and
• 1-click access to the online tech articles behind the headlines.

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• Singapore’s Alpha Impact cryptocurrency platform gains $3.1M via private token sale, with copy-trading platform allowing users to mimic more experienced traders
• DBS Bank, JP Morgan and Singapore gov’t-owned Temasek investment firm partner for Partior, new cross-border payments venture with CBDC considerations in the mix
• 500 Ignition Singapore launched by 500 Startups and Startup SG, a virtual program aiming to connect entrepreneurs with co-founders to launch in Singapore
• Singapore-based Few¢ents raises $1.6M with digital solutions allowing publishers to monetise with pay-per-content, rather than subscriptions
• Asia Tech x Singapore set for July 13-16 with hybrid and virtual components and bringing together multiple tech-focused conferences under one banner

• Singapore’s Global FinTech Hackcelerator applications close June 11th, this year focusing on ‘green finance’ and the role of Green FinTechs
• An intro to the 8 startups selected for the latest GROW cohort, AgFunder-backed food and agri-tech accelerator running out of Singapore
• Singapore: ImpressAI gains S$4M pre-A funding with entreprize-focused recruitment solutions, including the use of chatbots
• ICYMI: Google makes first foray into remittances, enabling Google Pay users in the US to send money to GPay users in India and Singapore
• Singapore’s DBS bank now offers offers clients tokenization, trading and custody services for Bitcoin, Ether, Bitcoin Cash and XRP
• Singapore: AffableAI marketing-tech firm raises $2M with SaaS platform helping brands and agencies run social media-focused influencer marketing campaigns
• Singapore startup resource list from Founder Institute, featuring over 535 accelerators, incubators, investors and startup ecosystem participants

• Hatch Innovation Studio Singapore unveils 11 aquaculture startups and projects selected for first intake, working on seafood alternatives, biomass and more
• Singapore to stage inaugural Global Esports Games in December, bringing together esports, virtual sport, music and entertainment
• Singapore: Eezee gains pre-Series A with online marketplace allowing businesses to compare suppliers and order products, focusing on MNCs and institutions
• Singapore/Japan research develops method converting Wi-Fi signals to electricity to power small LEDs, aiming to wirelessly power medical wearables and consumer devices
• A brief intro to 5 firms working in the ‘buy now, pay later’ market, touching on virtual credit cards, point of sale financing and more
• An intro to the 10 startups that recently completed the Vietnam Global Innovation program, delivered by Sinagpore’s Quest Ventures