Singapore-based fintech startup GoBear announced yesterday (1 September) that it would be retrenching 22 employees due to the Covid-19 pandemic. This makes up 11 per cent of GoBear’s total workforce of 200 employees. The affected employees are from GoBear’s operations, product and technology teams. Out of the 22 employees, six …
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This briefing has now ended. Read live coronavirus updates here. Here’s what you need to know: The White House pushes to eliminate billions from a relief proposal drafted by Senate Republicans. The F.D.A. signs off on pooled testing, which significantly expands diagnostic capacity. A study in South Korea finds that …
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In the span of the past 4 months, the Malaysia Digital Economy Corporation (MDEC) had launched 6 alternative funding initiatives for companies seeking financial relief during the MCO. Their sixth and latest one is called Founders Grindstone. It’s positioned to elevate the proficiency of startup founders to navigate the complexities …
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Singapore micromobility startup Beam has raised US$ 26 million (about S$ 36.6 million) in its latest Series A funding round. The fundraise was led by Sequoia India — which was also Beam’s lead investor at seed stage in 2018 — and Hana Ventures. They are joined by other Asia Pacific …
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Author’s Blurb: Recently we got news that Offpeak had ceased operations, so we reached out to co-founder Lau to learn what went wrong. He was brave enough to lay it out in detail (and we’re thankful for that), so hopefully the lessons learnt are ones that startups in similar positions …
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