AwanTunai Secures $60M Debt Facility to Support Indonesian MSMEs
Indonesian fintech startup AwanTunai has secured a US 60 million syndicated debt facility led by Accial Capital, with participation from multiple investors. The funding aims to bridge the country’s US$165 billion financing gap for micro, small, and medium enterprises (MSMEs), a critical yet underserved sector driving Indonesia’s economy. Founded in 2017, AwanTunai provides digital lending […]
Toku Closes USD 5 Million Series A Extension and Appoints Former Singapore Minister Lim Hwee Hua as Advisory Board Chair
Toku, a leading APAC provider of enterprise cloud communications and customer experience solutions, has successfully closed a USD 5 million Series A Extension led by Betatron Venture Group, with participation from the Hong Kong Innovation and Technology Venture Fund (ITVF). This brings Toku’s total funding to USD 18 million since its 2018 launch. The investment will accelerate global expansion […]
Gozem ventures into financial services with “Gozem Money”
Gozem, the West African super app known for its transportation and delivery services, is making a bold move into the fintech space with the upcoming launch of “Gozem Money.” Developed in partnership with NSIA Bank, the mobile money service is scheduled to roll out in the fourth quarter of 2024. With this new offering, Gozem […]
Lim Hwee Hua Appointed Chair of IVSC Board of Trustees – A Historic Milestone for Asian Leadership
Tembusu Partners is proud to announce that our co-Chairman, Lim Hwee Hua, has been appointed as the new Chair of the International Valuation Standards Council (IVSC) Board of Trustees, marking a historic achievement as the first Asian and female leader of the board. Her appointment, effective June 2024, follows a distinguished career in both public […]
Securitize closes US$47 Million Strategic Funding Round led by BlackRock
Securitize, the leader in tokenizing real-world assets, has successfully completed a $47 million funding round led by BlackRock. The strategic investment also includes funding from Hamilton Lane, ParaFi Capital, and Tradeweb Markets. The investment coincides with BlackRock’s selection of Securitize as the transfer agent of its first tokenized fund on a public blockchain. As part […]
Setting up a VCC in Singapore
The VCC is a game-changer for Singapore’s asset and wealth management industry with a wide spectrum of advantages and use cases within the financial investments industry. The Singapore Variable Capital Company (VCC) legislation on 15 January 2020 represents the city’s latest investment fund innovation. The addition of VCC under Singapore’s suite of legal entities, which […]
Eco-Business Accelerates Sustainability Innovation with The Liveability Challenge 2024: S$2 Million Awarded to Climate Startups
Eco-Business, the organizer of The Liveability Challenge (TLC), recently concluded its 2024 edition, where sustainability startups Cricket One and GAFT were awarded S$1 million each in catalytic funding. This year’s competition attracted over 1,000 entries globally, with TLC identifying and supporting innovative solutions in climate change and sustainability. As Asia’s largest sustainability solutions platform, TLC […]
BlackRock launches its first tokenized fund in partnership with Securitize
BlackRock today unveils its first tokenized fund issued on a public blockchain, the BlackRock USD Institutional Digital Liquidity Fund (“BUIDL” or the “Fund”). BUIDL will provide qualified investors with the opportunity to earn U.S. dollar yields by subscribing to the Fund through Securitize Markets, LLC. BUIDL seeks to offer a stable value of $1 per […]
Private Equity Fund Manager Tembusu Partners and Swiss Reuss Private AG Backs Leading Wealth Management Veteran Jonathan Ng in New Multi-Family Office
SINGAPORE, July 5, 2023 /PRNewswire/ — Tembusu Partners, in partnership with Reuss Private AG, has launched a new multi-family office (MFO) Tembusu Wealth Management, led by private wealth veteran Managing Partner Jonathan Ng, formerly from Pictet Private Wealth where he was the Market Leader for Southeast Asia Wealth Management Unit. With over 25 years of […]
Lim Hwee Hua elected as Independent Director of JERA in June 2023
Tembusu Partners is proud to announce that our co-Chairman, Lim Hwee Hua, has been appointed as an Independent Outside Director of JERA. Her appointment, effective April 2024, follows a distinguished career in both public service and the finance sector, including key roles in Singapore’s Cabinet and leadership positions at renowned financial institutions. We congratulate her […]