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Singapore Tech News Roundup January 2021

Get first dibs on the latest tech news in Sinapore for January 2021. Read on to find out more. 

Singapore Health Startup Develops an App That Reads Vital Signs via Phone’s Camera

Singapore Health Startup Develops an App That Reads Vital Signs via Phone’s Camera

Singapore health startup Nervotec to launch an application which detects vital signs by studying the way light reflects off a user’s face. 

ProfilePrint bags pre-Series A funding from Singapore

Singapore-based food analysis startup ProfilePrint has closed its ‘seven-figure’ pre-Series A funding round.  

Edutech Startup Geniebook Expands into Vietnam

Geniebook, an edutech startup that helps identify students’ strengths and weaknesses using Artificial Intelligence (AI) will expand its operations in Vietnam. 

Singapore-based AI firm Taiger Earns its Stripes in AI Technology

Singapore-based startup Taiger introduces an artificial-intelligence-based document processing system allowing Spain’s largest bank Banco Santader to get customer onboarding done in just 15 minutes. 

IMDA Provides Additional US$22M to support startups to its 5G Innovation Grant

Singapore government’s statutory board Infocomm Media Development Authority (IMDA) announced that it would provide an additional S$30 million (US$22 million) to its 5G innovation grant. 

Singapore Faces Labor Crunch as More Tech Companies Look to Expand in the City-State

Singapore faces a labor crunch as companies like Tencent, ByteDance, and Zoom as well as local giants Grab and Sea expand its operations in the city-state. 

Fintech Startup Nium Aims to Hit US$6 Billion in Q4

CEO and co-founder Prajit Nanu of Singaporean fintech firm Nium said the company is now aiming to hit US$2.1 billion after it has handled US$2.1 billion transactions in the last quarter. 

Financial Services Startup GoBear to Shut Down amid COVID-19

As an effect of the COVID-19 pandemic, Singapore financial services startup GoBear has announced that it will cease its operations. 

Digital Gold Startup BAM Raises US$1.3 Million

Led by Theta Gold Mines, a gold mining company listed on the Australian Securities Exchange (ASX), digital gold startup Bullion Asset Management (BAM) incorporated in Singapore has raised US$1.3 million in a Series A round. 

Singapore’s Sea Ltd to Acquire Indonesia’s PT Bank Kesejahteraan

Singapore tech giant Singapore’s Sea Ltd has now acquired Indonesia’s PT Bank Kesejahteraan Ekonomi, a Jakarta-based lender, better known as Bank BKE

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