Michael Wong

Indian Microfinance Firm Arohan Financial Secures $30m Investment Commitment

Indian microfinance lender Arohan Financial Services Ltd has secured an investment commitment of up to $30 million to support the expansion of its loan portfolio and icnrease access to creadit for low-income borrowers, according to project document seen by Crowdfund Insider. The commitment comes from… Read More

Hong Kong Protected Deposits Rise to Record HK$3.66 Trillion

The total value of deposits covered by Hong Kong’s Deposit Protection Scheme rose to a record HK$3.656 trillion in 2025, up from HK$3.492 trillion a year earlier, according to the Hong Kong Deposit Protection Board’s annual report. The increase followed the raising of the protection… Read More

Hamilton Lane Raises $3.8 Billion for Sixth Direct Equity Fund Amid Strong Investor Demand

Private markets investment firm Hamilton Lane has held the final close of its sixth direct equity fund, raising $3.8 billion in total commitments for its Direct Equity strategy in and alongside Hamilton Lane Equity Opportunities Fund VI, or EO VI. The fundraising marks the firm’s… Read More

Gartner Says $234bn in SaaS Spend at Risk from Agentic AI

Agentic AI could disrupt enterprise software revenue models, putting up to $234 billion of enterprise application spending at risk between now and 2030, according to Gartner. The research firm said the exposed spending would account for roughly 20% of enterprise application software-as-a-service spending by 2030,… Read More

Singapore, China Securities Regulators Sign Staff Exchange Deal to Deepen Market Cooperation

The Monetary Authority of Singapore (MAS) and China’s securities regulator have signed a staff exchange agreement to deepen regulatory cooperation as the two authorities expand collaboration on capital markets, digital assets, and cross-border investment initiatives. The agreement was signed during the 10th annual supervisory roundtable… Read More

ADB, Golomt Bank Sign $64m Loan to Expand Green Finance, MSME Lending in Mongolia

The Asian Development Bank (ADB) and Golomt Bank have signed a $64 million loan agreement to expand sustainable finance and increase lending to micro, small, and medium-sized enterprises (MSMEs), including women-owned businesses, in Mongolia. The financing package comprises $60 million from ADB’s ordinary capital resources… Read More

AI Investment Boom in Asia-Pacific Driven by FOMO Despite Weak Returns, Survey Finds

Companies across Asia-Pacific are accelerating investments in artificial intelligence, but many are doing so with limited evaluation of returns as competitive pressure and fear of falling behind outweigh proven business outcomes, according to an IDC InfoBrief commissioned by Expereo. The survey of 800 technology leaders… Read More

FMO to Lend $30 million to Paraguay’s Ueno Bank for Agri MSME Financing

Dutch development bank FMO plans to provide a $30 million senior loan to Paraguay’s Ueno Bank S.A. to expand financing for micro-entrepreneurs and small businesses operating in the agricultural value chain. According to project documents accessed by Crowdfund Insider, the funding will be on-lent to… Read More

SMEs Face Growing Cyber Insurance Gap as Attacks Rise, Survey Says

Small and medium-sized enterprises (SMEs) remain underprotected against cyberattacks, with only 16.8% of global SMEs reporting standalone cyber insurance despite more than a third experiencing a cyber incident in the past three years, according to GlobalData. The data and analytics firm said 34.7% of SMEs… Read More

Lion Group to Invest up to $12m in Indonesian Stablecoin Developer

Lion Group Holding Ltd. is investing up to $12 million in an Indonesian financial technology company developing a rupiah-backed stablecoin, expanding the Nasdaq-listed firm’s digital asset strategy as Southeast Asia’s largest economy moves toward regulated blockchain-based payments. The investment in PT Nusantara Bumi Sangkara will… Read More

PE Firm Navegar Secures $15m from Swedfund to Support Philippine Mid-sized Companies

Philippine private equity firm Navegar has secured a $15 million commitment from Sweden’s development finance institution Swedfund for its third private equity fund, adding fresh capital to back mid-sized companies as investors continue to see opportunities in one of Southeast Asia’s fastest-growing economies. The investment… Read More

Philippine Central Bank Moves to Lower Digital Payment Fees

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, is moving to make digital transaction fees fairer and more transparent by requiring banks, e-wallet operators and other payment service providers to justify how they price electronic payment services. Under Circular No. 1238,… Read More

APAC Private Equity, Venture Capital Firms Struggle to Raise Capital as LPs Pull Back, Survey Finds

Private equity and venture capital firms across Asia-Pacific are finding it increasingly difficult to raise new funds as institutional investors become more selective, with fundraising overtaking exits as the industry’s biggest challenge, according to a new survey. The survey, released by DealStreetAsia and Vistra Fund… Read More

Airwallex Says Core Payment Growth, AI Strategy Drove Jump to $11bn Valuation

Airwallex’s jump in valuation to $11 billion was driven by both growth in its core payments business and investor confidence in its artificial intelligence strategy, Arnold Chan, the company’s general manager for Asia-Pacific, told Crowdfund Insider. The global payments and financial platform raised $320 million… Read More

Philippines Extends Maximum Tenor for Salary-Based Consumer Loans to Seven Years

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has increased the maximum repayment period for salary-based consumer loans to seven years, a move aimed at making credit more affordable for borrowers while reinforcing responsible lending standards among banks and other regulated… Read More

Hong Kong firms spend above global average on AI as cyber, legal risks grow

Hong Kong companies are investing an average of $214 million in AI, about 17% above the global average, as financial institutions and multinational corporations step up spending on the technology, a DLA Piper spokesperson told Crowdfund Insider. The average AI investment in Hong Kong stands… Read More

IFC Eyes $86m SeABank Loan to Boost Social Finance in Vietnam

The International Finance Corporation (IFC) is considering providing up to $86 million in long-term financing to Vietnam’s Southeast Asia Commercial Joint Stock Bank (SeABank) to expand lending to small businesses, women entrepreneurs and affordable housing, according to documents seen by Crowdfund Insider. The proposed five-year… Read More

Bybit Expands Tokenized Asset Offerings with Bond Fund Access

Cryptocurrency exchange Bybit is offering eligible users access to tokenized bond funds managed by PIMCO and China Merchants Bank International (CMBI), the latest sign of how digital asset platforms are using blockchain infrastructure to bring traditional fixed-income investments to crypto-native investors. The launch comes as… Read More

Hong Kong Central Bank Reaffirms Commitment to Financial Innovation

The Hong Kong Monetary Authority (HKMA), Hong Kong’s central bank, said it is comimtted to advancing innovation that enhances efficiency and resilience. In a statement, HKMA deputy chief executive Howard Lee reaffirmed the commitment as Hong Kong’s financial infrastructure evolves to meet the growing demands… Read More

Dubai’s DGCX rolls out same-day spot gold contract

The Dubai Gold and Commodities Exchange (DGCX) will launch its Gold Spot T+0 Contract on June 22, introducing the first same-day physically settled spot gold product on a regulated exchange in the GCC and strengthening Dubai’s gold market infrastructure. The contract has been developed to… Read More

Send this to a friend