January 28, 2024 @ 6:56 pm By Michael Wong  |  

UAE’s Sharjah Islamic Bank (SIB) has announced a strategic partnership with Noqodi, a Fintech company and payment gateway owned by Emaratech Group, to enhance digital payment services. In a statement, the bank said the collaboration is set to substantially enhance the digital and electronic payment… Read More

January 28, 2024 @ 6:47 pm By Michael Wong  |  

Digital banks are now seeking to engage with the Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, to establish multilateral relationships and foster an open banking ecosystem. This initiative aims to attract more borrowers and support the operation of digital banks in… Read More

January 27, 2024 @ 4:42 pm By Michael Wong  |  

Targeted Lending Co, a player in the equipment finance industry, has announced the successful closure of a $50 million credit facility with Wells Fargo Capital Finance. This strategic financial move underlines the company’s commitment to providing essential liquidity to small businesses, especially during times when… Read More

January 26, 2024 @ 11:29 am By Michael Wong  |  

Addlly AI, a Singapore-based Generative AI startup, announced the successful closure of its seed funding round, achieving a valuation cap of S$5 million. The fresh funding will be used for the strategic expansion of the company’s capabilities in AI-driven digital marketing, according to the announcement…. Read More

January 26, 2024 @ 3:56 am By Michael Wong  |  

Digital lending platform Vivifi India Finance has raise $75 million in a Series B funding round to further extend loans to the salaried class as well as small businesses in India. This latest infusion of capital comprises $15 million in equity and $60 million in… Read More

January 21, 2024 @ 5:59 pm By Michael Wong  |  

Financial firm AllBank and digital payment platform JustPayTo have announced a strategic partnership aimed at enhancing the digital payment ecosystem in the Philippines. In a statement, the two firms said their partnership seeks to revolutionize the way customers engage in cashless transactions, especially in the… Read More

January 21, 2024 @ 5:53 pm By Michael Wong  |  

Healspan, a Bengaluru-based Insurtech startup, has raised Rs 1.2 crore in a pre-seed funding round led by startup accelerator PedalStart. This latest capital infusion brings the company’s total funding to Rs 1.7 crore, positioning it for significant growth in India’s competitive insurance technology sector, according… Read More

January 21, 2024 @ 5:44 pm By Michael Wong  |  

Philippine-based web3 gaming player Yield Guild Games (YGG) announced its collaboration with Iskra, a blockchain gaming hub and launchpad, to introduce innovative questing systems to its platform. Iskra, backed by industry giants such as LINE, Kakao, Wemade, and Netmarble, boasts over four million registered wallets… Read More

January 20, 2024 @ 9:36 pm By Michael Wong  |  

Bharatsure, an emerging Insurtech startup based in India, has reportedly raised $1 million in a funding round anchored by early-stage venture capital fund Capital-A. The round also saw contributions from Grip Invest and a cohort of existing investors, including Inflection Point Ventures, Dexter Ventures, HEM… Read More

January 20, 2024 @ 7:43 pm By Michael Wong  |  

India-based financial services platform DMI Group has announced its acquisition of the Goldman Sachs-backed ‘buy now pay later’ (BNPL) platform ZestMoney. This comes after the Bengaluru-based ZestMoney ceased operations following unsuccessful attempts to revive its business amid regulatory uncertainties. DMI, having raised over $1.5 billion… Read More

January 20, 2024 @ 12:56 pm By Michael Wong  |  

DailyPay, an earned wage access fintech company, announced that it is raising $175 million in its latest funding round that will help fuel its planned business expansion. This funding is composed of a $100 million expansion of its secured credit facility from Citi and more… Read More

January 14, 2024 @ 5:42 pm By Michael Wong  |  

Reserve Bank of India (RBI) Governor Shaktikanta Das refuted claims that new digital lending guidelines would hinder fintech growth, asserting instead that investor confidence in the sector has risen since their implementation. Speaking at the Mint BFSI conclave in Mumbai, Das highlighted the positive impact… Read More

January 14, 2024 @ 3:52 pm By Michael Wong  |  

The Securities and Exchange Commission of Pakistan (SECP) has initiated a significant step towards refining the regulatory framework for Non-Banking Finance Companies (NBFCs) by proposing amendments to the NBFC (Establishment & Regulations) Rules of 2003. This move, aiming to modernize and streamline the sector, invites… Read More

January 13, 2024 @ 3:46 pm By Michael Wong  |  

Southeast Asian Fintech company Salmon said it has secured approval from the Monetary Board of the Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, to acquire a majority stake in the Rural Bank of Sta. Rosa (Laguna), a Filipino financial institution established in… Read More

January 13, 2024 @ 12:21 pm By Michael Wong  |  

Klarivis, a US-based banking data analytics startup, has raised $11 million in its Series B funding round anchored by technology-focused equity firm Blueprint Equity, according to an announcement. Founded in February 2019, KlariVis provides data analytics solutions for community banks and credit unions. The company… Read More

January 13, 2024 @ 10:39 am By Michael Wong  |  

Finoa, a Berlin, Germany-based regulated crypto platform catering to smart capital allocators, announced that it has successfully raised $15 million in a fresh funding round. The investment was co-led by Maven 11 Capital and Balderton Capital, with additional contributions from Blue Bay Ventures, Signature Ventures,… Read More

January 13, 2024 @ 10:37 am By Michael Wong  |  

Prometeo, a Latin America-focused Fintech infrastructure firm, announced that it had secured $13 million in Series A funding led by Antler Elevate. The round also saw participation from new investors, including PayPal Ventures, Samsung Next, and partners from DN Capital, as well as continued support… Read More

January 8, 2024 @ 7:10 pm By Michael Wong  |  

The Fintech sector in India experienced a significant decrease in funding in 2023, securing only $2 billion, a sharp decline of 63% and 76% from 2022 and 2021, respectively, according to a report by Tracxn. In comparison, the sector raised $5.4 billion in 2022 and… Read More

January 7, 2024 @ 6:22 pm By Michael Wong  |  

A recent survey conducted by high-impact research firm Capstone-Intel Corp. has revealed a significant trend in the Philippines: 90% of Filipinos now regularly use financial technology (fintech) applications for their daily transactions. This growing reliance on digital finance underscores the urgency for improvements in security… Read More

January 7, 2024 @ 6:16 pm By Michael Wong  |  

CharacterX, a decentralized AI social network, announced raising of $2.8 million in its Seed funding round, co-led by Lightspeed Venture Partners, INCE Capital, and Spark Digital Capital, valuing the company at $30 million. This significant investment, including contributions from major investors such as CGV, ZC… Read More