Singaporean Startups Drive Green Tech, Fintech Revolution

September 21, 2025, 9:33 pm
Elev8.vc
Elev8.vc
VehiclesMaterialsTechnologyPlatformServiceDiagnosticsProductDataSpaceHealthTech
Location: Singapore
Employees: 1-10
Founded date: 2018
Terra Oleo
BiotechnologyFoodTechGreenTechPrecisionFermentationSustainableMaterials
Location: Singapore
Total raised: $3.1M
ADB Ventures
ADB Ventures
PlatformTechnologyWaterTechLogisticsDataFreightFinTechSupplyIndustryProduct
Location: Philippines
Employees: 11-50
Singaporean innovators Terra Oleo and Synthesys secure substantial capital, fueling major advancements. Terra Oleo pioneers sustainable palm oil and cocoa alternatives using precision fermentation, poised to eliminate vast CO2 emissions. Synthesys constructs critical blockchain infrastructure for tokenized securities, transforming financial markets. These significant investments underscore Southeast Asia's vibrant startup ecosystem. The region propels biotech and fintech innovation, attracting diverse investors. This growth drives future-focused technological solutions across Asia-Pacific and global markets.

Singapore emerges as a hotbed of innovation. Two startups, Terra Oleo and Synthesys, recently captured significant investment. Their breakthroughs signal a shifting landscape. Biotech and fintech lead the charge. These companies address critical global challenges. Their funding rounds highlight investor confidence in Southeast Asia.

Terra Oleo, a Singapore-based biotechnology firm, secured US$3.1 million. This funding round marks a critical milestone. It allows the company to expand operations. Research and development efforts will intensify. Terra Oleo focuses on precision fermentation. This advanced platform transforms agro-industrial waste. It yields sustainable palm oil ingredients. Cocoa butter alternatives are also key products.

The technology is groundbreaking. It delivers specific lipid profiles. These are crucial for high-value applications. Think palm and cocoa markets. Conventional processes are energy-intensive. They also produce toxic byproducts. Terra Oleo's platform eliminates these issues. It offers superior unit economics. Market adoption promises to be swift. This approach surpasses the limits of natural microbes.

Terra Oleo's mission extends beyond product creation. It tackles environmental impact. Its technology holds immense promise. At full scale, it could eliminate 900 million tons of CO₂ annually. This directly targets palm oil and cocoa supply chains. These industries face immense pressure. Deforestation and carbon emissions are major concerns. Terra Oleo offers a tangible solution.

The company emerged from stealth with this funding. Support from Breakthrough Energy's Fellows Program amplifies its credibility. Investors include ADB Ventures, The Radical Fund, Elev8.vc, and Better Bite Ventures. A strategic palm oil industry investor also participated. This diverse backing underscores broad market interest. Terra Oleo's products target various sectors. These include personal care, cosmetics, pharmaceuticals, and food. The potential market reach is vast.

Founders Shen Ming Lee, Boon Uranukul, PhD, and Min Hao Wong, PhD, lead this charge. Their expertise drives the company's scientific edge. They are transforming waste into value. They are building a more sustainable future. This biotech innovation sets a new standard.

Simultaneously, Synthesys, another Singaporean startup, made headlines. Formerly known as Equitize, it raised $11 million. This seed and strategic funding round is substantial. It targets infrastructure development. Synthesys focuses on tokenized securities. This niche represents a frontier in financial technology.

Super-angel investor Mark Pui led the round. Pui boasts a decade of experience. His focus includes technology and blockchain investments. This leadership provides Synthesys with strong strategic guidance. The capital will scale Synthesys's platform. It is modular and interoperable. It connects financial institutions. This connects them to a growing ecosystem. Tokenized funds, bonds, and equities are part of this ecosystem.

Synthesys tackles regulatory complexities. Its platform automates compliance. It navigates multiple jurisdictions. This feature is crucial for global financial markets. It also provides a universal liquidity layer. This enables interoperability. Traditional and digital distribution channels can now connect seamlessly. This bridges the gap between old and new finance.

The startup has already built significant traction. It aggregated over 40 primary and secondary distribution channels. Its expansion plans are aggressive. Synthesys targets Asia-Pacific and the Middle East. These regions are ripe for financial innovation. Tokenized securities offer efficiency and transparency. Synthesys positions itself at the forefront of this revolution. It enables a more liquid and accessible global financial system.

Beyond Terra Oleo and Synthesys, Southeast Asia buzzes with investment activity. The region's startup ecosystem thrives. A recent monitor highlights this trend. Multiple deals closed across diverse sectors. Serbiz, a Philippines-based marketplace, secured pre-seed funding. Salmon, also from the Philippines, raised a significant $50 million bond for fintech.

Singapore continues its strong showing. GlobalTix, an e-commerce platform, attracted $15.6 million. ZUZU Hospitality secured $5.9 million in Series B+ funding. FUKU.AI, a SaaS company, received $854,000 in pre-seed capital. Obita, a fintech venture, garnered $10 million in angel funding. RushOwl, a mobility startup, closed a $10 million Series A round.

These investments paint a clear picture. Capital flows into Southeast Asia. Investors seek disruptive technologies. They back innovative solutions. Biotech and fintech are leading sectors. This regional growth reflects global trends. Sustainability and digital transformation drive investment decisions.

The rise of companies like Terra Oleo demonstrates a commitment to environmental stewardship. Precision fermentation represents a powerful tool. It offers alternatives to resource-intensive processes. It reduces carbon footprints. This aligns with global climate goals. Investors are increasingly prioritizing ESG factors. Terra Oleo stands as a prime example of impact investing.

Synthesys exemplifies the future of finance. Blockchain technology promises to reshape markets. Tokenized assets offer new efficiencies. They enhance liquidity. They increase accessibility. Synthesys builds foundational infrastructure. It empowers traditional institutions. It allows them to embrace digital assets. This transition is inevitable. Synthesys facilitates it.

Southeast Asia is no longer just an emerging market. It is a hub of innovation. It attracts venture capital. It fosters groundbreaking companies. These startups address global challenges. They drive economic growth. They create new industries. The region's dynamic environment supports this entrepreneurial spirit.

The momentum shows no sign of slowing. Investors recognize the potential. Talented founders emerge. Technological advancements accelerate. Singapore stands at the epicenter. It connects regional markets. It serves as a gateway for global investment. The future looks bright for its innovators. They are building tomorrow's solutions, today.