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Daily Briefing: UOB, Temasek offer $500m to startups; SEA Games match fixer jailed
And Bitcoin startup gets $4M funding.
- Singapore's United Overseas Bank (UOB) said Tuesday it will partner with state-linked investment firm Temasek Holdings to provide up to $500 million in venture debt financing to start-ups in China, India and Southeast Asia. Find out more here.
- An Indonesian man was jailed for 30 months Tuesday in Singapore for conspiring to fix a football match during the recent Southeast Asian Games in the city-state. Read more here.
- South African media conglomerate Naspers, through its payment processor subsidiary PayU, has led a US$4 million series A round in BitX, a Singapore-based Bitcoin startup operating a wallet, several exchanges, and merchant integration services. Find out more here.