FINANCIAL SERVICES | Staff Reporter, Singapore

Daily Briefing: Singtel Innov8 joins tech firm's BitSight's US$60m series D round; Messaging service Line to open Singapore crypto exchange

And a Temasek unit is investing in a UK-based content and events firm.

From DealStreet Asia:

Cybersecurity ratings provider BitSight has announced the closing of a $60-million Series D funding round led by Warburg Pincus, with participation from existing investors Menlo Ventures, GGV Capital and Singtel Innov8.

Founded in 2011, BitSight offers daily security ratings to help businesses manage third-party risk, underwrite cyber insurance policies, benchmark performance, conduct M&A due diligence and assess aggregate risk.

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From Bloomberg

Line Corp., Japan’s biggest messaging service, is opening a cryptocurrency exchange next month even amidst Bitcoin selloff that has fueled pessimism over the future of virtual currencies.

The exchange, called Bitbox, will offer trading between more than 30 virtual tokens including bitcoin, ethereum, bitcoin cash and litecoin, but not fiat currencies, the Japanese company said at an annual strategy briefing in Tokyo on Thursday. The website will be available in 15 languages to users worldwide, except for those in Japan and the U.S. Bitbox will charge a 0.1 percent trading fee.

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From DealStreet Asia:

SingEx, a wholly owned unit of Singapore’s state investment firm Temasek, on Wednesday announced investing an undisclosed sum in UK-based content and events firm Unbound Innovations.

The investment will enable Unbound to double its existing operations and expand into new markets and new verticals through a mix of acquisitions and organic growth opportunities. 

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