Trader programme MPFunds has raised pre-seed funding of about $1.1 million while tech services firm Apar Technologies has invested in BigTapp Analytics.
MPFunds secures $1.1m in pre-seed funding
MPFunds, a Singapore-based funded trader programme, has announced raising S$1.5 million (about $1.1 million) in its pre-Seed funding round anchored by an unnamed angel investor.
The company said it will use the fresh funding to further expand into the Asia Pacific Region, particularly in Malaysia, Taiwan, Thailand, and Vietnam, and scale up its platform.
MPFunds, which made a debut in the Asian market on May 4, 2023, offers prospective traders up to $400,000 in trading capital.
Beyond providing capital, MPFunds seeks to create a conducive trading environment, offering professional courses by economist Dr. Tan Kee Wee and mental health support in collaboration with Annabelle Psychology, according to CEO Dean Wong.
The lead investor in the funding round is a prominent Singaporean angel investor from the region’s software and IT industry, according to the announcement.
Apar Technologies invests in BigTapp Analytics
Singapore-headquartered software services and consulting company Apar Technologies has announced its strategic investment in data analytics provider BigTapp Analytics.
Financial details of the investment were not disclosed. Apar said BigTapp, which is also headquartered in Singapore, will continue to operate as an independent company within the Apar Group.
According to the announcement, the investment forms part of Apar’s goal of expanding its data analytics offerings for customers in Singapore, Malaysia, Thailand, UAE, India, and the US.