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Singapore-based Amber Group seeks funding at US$10 bil value

Bloomberg
Bloomberg5/6/2022 10:21 AM GMT+08  • 2 min read
Singapore-based Amber Group seeks funding at US$10 bil value
Amber Group, led by CEO Michael Wu, last raised funding in February from Temasek. Photo: Bloomberg
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Cryptocurrency trading platform Amber Group is in discussions to raise fresh funding at a valuation of US$10 billion ($13.80 billion), according to people with knowledge of the matter.

The Singapore-based startup has begun talks with prospective investors about the new round, which would mark a more than tripling of the startup’s previous US$3 billion valuation, said the people, who asked not to be identified discussing private information.

A representative for Amber declined to comment.

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