Neuroncredit has issued shares worth $31.3 million to its parent Advance Intelligence Group, while travel e-commerce company KKday Singapore has received $8 million from its parent.
Neuroncredit repays loan to Advance Intelligence Group
Neuroncredit Pte Ltd, the Singapore-registered entity of Southeast Asian fintech company Atome Financial, has issued shares worth $31.3 million to its parent Advance Intelligence Group, according to a recent filing with Singapore’s Accounting Corporate and Regulatory Authority (ACRA).
The filing showed that the shares were used to repay a loan from the parent company.
Founded in 2015, Singapore-based AI-driven tech company Advance Intelligence Group last year raised $80 million from an investor consortium led by existing investors Warburg Pincus and Northstar Group.
As of 2023, the group had raised over $700 million and secured capital in excess of $1 billion, with SoftBank Group and Singapore-based EDBI among its other investors.
According to DealStreetAsia’s DATA VANTAGE, Advance Intelligence Group has invested over $103 million in Atome Financial, with the holdings valued at over $2.3 billion.
KKday Singapore receives $8m from parent company
KKday Singapore has obtained $7.98 million (S$10.6 million) from its parent company, KKday Holdings Co Ltd, according to a recent filing with Singapore’s ACRA.
Founded in 2014 by Ming Chen, KKday is an online booking platform that offers tickets for theme parks, museums, and other tourist destinations.
According to DealStreetAsia’s DATA VANTAGE, KKday Holdings owns 100% of KKday Singapore, with the shares valued at $4.68 million in total.