Singapore: Challenge Ventures launches with $714k capital

Singapore: Challenge Ventures launches with $714k capital

DSBM Mr Chiang Kah Kee, PCEO Mr Chan Lee Mun, Mr Loo Leong Thye, CEO of Challenger Technologies Limited and Mr Tan Wee Ko, Chief Financial Officer of Challenger Technologies limited. Credit: Nanyang Polytechnic

Singapore-based technology retailer Challenger Technologies has launched Challenge Ventures Pte Limited (CVPL) with an initial paid-up capital of S$1 million (US$714,000). The funds of the venture arm will be invested in digital platforms complementary to Challenger Technologies’ core businesses.

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