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Handshake Finance Raises S$500K Pre-Seed to Build Escrow-as-a-Service for Singapore’s High-Trust Service Industries
 and Lee Jun Xian (Right).png)
Born From Personal Experience
Handshake Finance launched in September 2025, founded by Christopher Chan and Lee Jun Xian. Both had seen the trust gap up close.
Jun’s close friend lost S$80,000 in pre-payments to a renovation company that collapsed mid-project. At the same time, Christopher’s friend paid a deposit on a rental home she had never viewed, only to discover the listing was fraudulent. Both incidents pointed to the same structural failure: in service industries, someone always carries the risk, and when trust breaks down, there is little recourse on either side.
The two founders met as university classmates in London and returned to the problem with complementary backgrounds. Christopher Chan had spent his career in fintech, designing compliant payment flows on regulated infrastructure. Lee Jun Xian came from venture capital, with experience scaling early-stage companies from zero to one.
Trust as the foundation, not the feature
Handshake operates on bank-grade payment infrastructure provided by MAS-regulated partners. All payment flows are fully MAS regulated, and funds are held with DBS in segregated escrow accounts. For the founders, this is not a checkbox — it is the entire foundation of the business.
“We are trying to solve a structural trust gap in service industries. But before any of that, our users have to trust us,” said Christopher Chan, Co-Founder of Handshake Finance. “Making sure every fund flow is fully compliant, and that our users feel completely assured handing us money in what are often life-changing transactions, is our number one priority. Everything else is built on top of that.”
Closing the Trust Gap Across Service Industries
Every high-trust service transaction carries the same structural flaw: either the customer pays before work is done, or the provider works before getting paid. Someone always carries the risk. Across industries — from renovation and interior design to event planning, creative agencies, and professional services — that risk falls entirely on one side, and when trust breaks down, there is little recourse for either party.
Handshake Finance was built to close that gap. The platform holds customer funds in escrow and releases them to service providers against agreed milestones, giving buyers protection from pre-payment risk while giving service providers the confidence to deliver. The model is designed to work across any service industry where the payment trust problem exists.
Why Renovation and Interior Design Is Handshake’s Beachhead Market
Renovation was where the structural failure ran deepest. The industry operates with no mandatory licensing or regulatory framework. Anyone can set up as an interior designer with no accreditation required, leaving homeowners with no reliable way to assess accountability before signing a contract.
There is no standard payment framework either. Homeowners routinely pay up to 50% of the total project value upfront, with funds going directly to the interior designer before any work begins. If a project stalls or a firm shuts down, there is limited protection and recourse. At the other end of the project, interior designers face the opposite problem: the final handover payment, where homeowners hold most of the leverage, can be withheld over disputes that wipe out up to half a project’s margin.
Eight Months of Listening Before a Single Line of Code
Before writing any software, the Handshake team spent eight months speaking with more than 80 interior designers and homeowners across Singapore to understand the real frictions on both sides of the transaction. What they found reinforced the decision to start here: high transaction values, a broken payment norm, an unregulated supply side, and no existing platform that protected both parties.
That research shaped how the product was built. After a renovation contract is signed, Handshake’s AI automatically generates the transaction structure with line items, payment schedules, and sub-milestones set out clearly to remove ambiguity. Homeowners place funds into escrow rather than paying upfront directly to the interior designer.
Payment releases to the designer as work progresses against agreed milestones, with sub-milestone releases providing faster cashflow access without compromising homeowner protection. The platform also replaces the manual spreadsheet-based back-office admin most interior design firms still run, and offers complimentary mediation and independent assessments in the event of a dispute.
More than 40 Interior Design Companies Onboarded and 2 Major Partnerships Signed
Handshake now has more than 40 interior design companies onboarded. The company has signed partnerships with Renonation.sg and Network SG, two of Singapore’s most established renovation marketplaces, to drive awareness and adoption across the broader ecosystem.
“It is an incredible feeling to see this much support behind us, and we are excited about what is ahead,” said Lee Jun Xian, Co-Founder of Handshake Finance. “We are industry-agnostic by design, but we are laser-focused on fixing renovation first. The scams that are still everyday occurrences in this space need to go, and the transactional experience for everyone involved needs to be better before we turn our attention to the next industry or market.”
Homeowners and interior designers can learn more or request access at handshake.finance.
Hashtag: #HandshakeFinance
The issuer is solely responsible for the content of this announcement.
About Handshake Finance
Handshake Finance is a Singapore-based fintech building escrow-as-a-service infrastructure for high-trust service industries. The platform holds customer funds in segregated escrow accounts and releases them against agreed milestones, protecting buyers from pre-payment risk while giving service providers the confidence to deliver. All payment flows are fully MAS regulated. Funds are held with DBS. Handshake is currently focused on Singapore’s renovation and interior design market as its beachhead, with plans to expand across other service industries and Southeast Asia.
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Hong Kong forges new opportunities with Kazakhstan and Central Asia
Comprising over 70 business and professional representatives from Hong Kong and the Chinese Mainland, the delegation has already yielded significant results at its first stop in Kazakhstan.
Speaking at a business luncheon in Astana yesterday (June 2), Mr Lee highlighted that 43 memoranda of understanding (MOU) and agreements have been concluded by the visiting delegation with companies and organisations from Kazakhstan, with more agreements to come.
“They span aviation, finance and trade, innovation and technology, the digital economy, green development, and more,” Mr Lee said, adding that a Hong Kong airline plans to launch direct flights to Almaty in the first quarter of 2027.
“I believe that Kazakhstan can serve as a hub for Hong Kong to connect with the Central Asian market. In turn, Hong Kong can be Central Asia’s hub in the east and southeast Asian region,” Mr Lee said.
“By strengthening co-operation between our two hubs, we can construct a hub-to-hub co-operation model.”
On his first day of visit in Astana (June 1), Mr Lee met with top government officials including the President of Kazakhstan, Kassym-Jomart Tokayev, Prime Minister Olzhas Bektenov, and Deputy Prime Minister and Minister of National Economy Serik Zhumangarin.
Mr Lee noted that Kazakhstan has been actively promoting reforms on various fronts to bring about rapid economic growth.
“As one of the world’s three major financial centres, and the world’s largest cross-boundary wealth management centre and offshore Renminbi business hub, Hong Kong can provide diversified and flexible support including capital and asset allocation for Kazakhstan’s economic reforms and infrastructure development,” Mr Lee said.
The Chief Executive also encouraged companies in Kazakhstan to leverage Hong Kong’s advantages under the “one country, two systems” principle.
“Under this unique principle, Hong Kong has its own economic, social, legal, legislative and judicial systems. We are the only common law jurisdiction in China. We have our own currency, with no capital or foreign exchange controls. We are, as well, a separate customs territory,” Mr Lee said.
“The ‘one country, two systems’ principle ensures Hong Kong’s unparalleled access to the markets of the Chinese Mainland. Capitalising on our global connectivity and world-class professional services, Hong Kong is your ideal, two-way springboard for business expansion.”
Mr Lee also visited the Astana International Financial Centre and the Astana Hub, a local technology and innovation park, to respectively learn about Kazakhstan’s experience in promoting the development of the non-bank financial sector and the latest developments of the country in the field of AI.

Before leaving Kazakhstan today (June 3), Mr Lee visited Nazarbayev University, underscoring the historic significance of the trip.
“It was here, at Astana’s Nazarbayev University in 2013, that President Xi Jinping first raised the visionary initiative of jointly building the Silk Road Economic Belt – today’s Belt and Road Initiative (BRI),” Mr Lee said.
Last year, at the 10th Belt and Road Summit in Hong Kong, the university signed a MOU with the Hong Kong University of Science and Technology, demonstrating a shared commitment to advancing higher education co-operation under the BRI. It further reached MOUs with Hong Kong’s Education University and Polytechnic University today.
“These agreements will deepen academic and research collaboration.
“Hong Kong is the only city in the world with five of the top 100 universities. This talent environment is reinforced by our global standing: last year, Hong Kong ranked first in Asia, and fourth globally, in the World Talent Ranking,” he added.
Mr Lee will continue to lead the delegation to Uzbekistan for the second leg of the mission to Central Asia.
Hashtag: #hongkong #brandhongkong #asiasworldcity #opportunitieswithCentralAsia
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The issuer is solely responsible for the content of this announcement.
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Webdorks Launches Claude Design-Assisted Prototyping for Website and MVP Development
The approach is intended to help businesses visualize concepts, explore design directions, review user journeys, and refine core requirements before progressing into full-scale UI/UX design and development.
Claude Design, launched by Anthropic in April 2026, allows users to collaborate with Claude to create visual work such as designs, interactive prototypes, wireframes, mockups, presentations, and marketing materials. The tool enables teams to describe an idea, generate an initial version, and refine the concept through further instructions and edits.
Since its launch, tools such as Claude Design have made it significantly easier to turn early ideas into interactive prototypes. This creates new opportunities for businesses to review concepts more quickly before committing substantial time and budget to a full build.
However, Webdorks believes that early-stage prototyping and production deployment should remain distinct phases, particularly for corporate websites and digital products that support business-critical functions.
“Claude Design has made it much faster to visualize an idea and explore different directions,” said Alex Choong, Founder of Webdorks Pte Ltd. “The distinction is that an interactive prototype is not necessarily a production-ready website or application. For higher-stakes corporate projects, the final product still needs proper planning, design review, development, testing, security considerations, and ongoing support.”
Using AI at the Initial Prototyping Stage
Webdorks is incorporating Claude Design into the initial prototyping phase of suitable website and MVP projects. Depending on the project requirements, the prototype may be used to demonstrate selected screens, page structures, feature concepts, interactions, or user journeys.
For corporate website projects, this may include exploring the homepage direction, content hierarchy, lead-generation flow, service pages, or selected interactive elements.
For MVP projects, this may include illustrating how users navigate a customer portal, internal dashboard, booking system, membership platform, marketplace, workflow automation tool, or Software-as-a-Service product.
The initial prototype provides stakeholders with a clearer reference point for discussion. It can help businesses identify gaps earlier, compare alternative approaches, and refine requirements before the project enters the more resource-intensive design and development stages.
“Previously, businesses often had to rely heavily on written descriptions, static references, or wireframes during the early stage,” Choong added. “AI-assisted prototyping makes discussions more visual and practical. Clients can react to something tangible, which helps us identify what should be retained, changed, or removed before the full build begins.”
Prototype First, Production Build Second
Webdorks does not position AI-generated prototypes as a substitute for structured production development.
Corporate websites and digital products may need to support requirements such as brand consistency, responsive behaviour across devices, content management systems, third-party integrations, analytics, customer data, payment gateways, user access controls, internal workflows, performance optimization, quality assurance, security testing, and future scalability.
These requirements become more important when a digital product is customer-facing, revenue-generating, operationally critical, or connected to internal business processes.
For this reason, Webdorks uses AI-assisted prototypes primarily as an early validation tool. Once the direction is confirmed, suitable projects proceed through a structured workflow that may include discovery, UI/UX refinement, technical planning, custom development, integrations, testing, deployment, and post-launch support.
“AI is changing the speed of the first draft,” Choong said. “The role of an agency is to turn that first draft into a digital product that is aligned with the business, tested properly, and built for real-world use.”
Supporting Faster Validation for Businesses
The introduction of Claude Design-assisted prototyping is part of Webdorks’ broader approach to helping businesses launch digital projects in stages.
Instead of building every feature immediately, businesses can begin by clarifying the objective, visualizing the core user journey, and validating the most important requirements. This may be followed by a lean MVP, a more comprehensive version with selected integrations, or a full custom build based on the project’s complexity and commercial requirements.
The approach is intended to support businesses exploring new digital initiatives while reducing avoidable rework during later stages of the project.
“AI tools and agencies solve different problems,” Choong said. “AI makes early exploration more accessible. For the foreseeable future, agencies will remain important when businesses need to translate an idea into a structured, scalable, and maintainable platform.”
Hashtag: #Webdorks #ClaudeDesign #ArtificialIntelligence #WebDesign #WebDevelopment #MVPDevelopment #DigitalTransformation #CorporateWebsites #Webagency
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The issuer is solely responsible for the content of this announcement.
About Webdorks Pte Ltd
Webdorks Pte Ltd is a Singapore-based web design and development agency specialising in corporate websites, e-commerce development, UI/UX design, custom web applications, MVP prototyping, and scalable digital solutions for SMEs and regional brands across Southeast Asia.
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Angel Eye & Cataract Centre Becomes Early Adopter of AI Retinal Screening in Cataract Surgery Prep
The system analyses retinal and macular scans, assesses scan quality in real time, and flags areas that require closer clinical review during cataract consultations. It is designed to support retinal imaging review while reducing the risk of clinically relevant details being overlooked.
The adoption reflects a broader shift towards AI-supported ophthalmology tools as clinics manage increasing demand for cataract care in ageing populations. In Singapore, where cataracts and age-related retinal conditions are becoming increasingly common, retinal evaluation plays an important role in surgical planning and visual outcome assessment.
The integration also comes after Medical Director and Senior Consultant Eye Surgeon Dr Allan Fong completed the “AI for Healthcare” programme by the NUS Yong Loo Lin School of Medicine, which focuses on how AI can be applied in areas such as clinical workflows, treatment planning, and patient care.
At Angel Eye, Dr Allan Fong uses the ZEISS CIRRUS PathFinder during the eye scanning process to review Optical Coherence Tomography (OCT) scans and identify retinal abnormalities that require closer review. The OCT assessment tool was trained on more than 75,000 OCT B-scan images and validated by retina specialists.
Because some retinal conditions can develop without obvious symptoms and affect visual outcomes after cataract surgery, pre-surgical retinal imaging is an important part of patient evaluation. By identifying early retinal changes before surgery, the system may provide additional information to support intraocular lens (IOL) selection and surgical planning.
The technology may also help streamline appointments through immediate image quality checks and fewer repeat scans. This supports a more consistent cataract assessment process, particularly in cases where retinal findings may affect surgical planning.
“Even subtle retinal findings can affect cataract surgery planning and visual outcomes,” says Dr Fong. “AI-assisted imaging gives us another layer of support during evaluation, particularly when assessing patients for surgery, while clinical judgement remains central to every step of care.”
Looking ahead, Angel Eye & Cataract Centre will continue exploring technologies that support earlier intervention, more personalised treatment planning, and improved patient care across cataract and retinal services.
To learn more, visit: https://angeleye.com.sg/ai-guided-zeiss-cirrus-pathfinder/
Hashtag: #AngelEyeCataractCentre
The issuer is solely responsible for the content of this announcement.
About Angel Eye & Cataract Centre
Angel Eye & Cataract Centre is a Singapore-based ophthalmology centre focused on cataract surgery, refractive surgery, retinal assessment, and comprehensive eye care. The clinic is led by Dr Allan Fong who has more than 26 years of experience in ophthalmology and previously served as Head of the Cataract & Comprehensive Ophthalmology Department at Singapore National Eye Centre (SNEC).
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