Daily Brief Singapore: Jenfi, Locofy, Bolttech Digital Brokerage and more

In today’s briefing:

Jenfi Nets US$6.6M to Expand Its Revenue-Based Financing Business in SEA

Jenfi, a fintech company specialising in revenue-based financing, has raised US$6.6 million in pre-Series B funding.
Headline Asia led the round, with participation from Monk’s Hill Ventures, ICU Ventures, Granite Oak, Korea Investment Partners & Golden Equator Capital, and Atlas Ventures. Existing early investors also participated.
With the funding, the fintech firm plans to expand its presence in Singapore, Vietnam and Indonesia by broadening its customer base while expanding into new markets across Southeast Asia.

Only six months after its establishment, Singapore-based Locofy launched a beta of its low-code development tool in January 2022.
It has since received over 100,000 sign-ups across 195 countries.
Its tech helps designers automate front-end code directly from their designs and integrate them with existing workflows, leveraging AI to convert designs into coding languages to save time.

Singapore-based insurtech startup bolttech has closed its Series B financing round at US$196 million, led by existing shareholder Japanese insurance holding company Tokio Marine.
Other key investors include global life insurance giant MetLife through its subsidiary MetLife Next Gen Ventures, Malaysia’s sovereign wealth fund Khazanah Nasional, and new and existing shareholders.
This funding takes the company’s valuation to US$1.6 billion and comes exactly seven months after Tokio Marine led the first tranche of bolttech’s Series B round.

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