Asia

May 23, 2022 @ 12:43 am By Omar Faridi  |  

Zipmex Group, a Southeast Asia-based digital asset platform, has invested in Forward, a Thai-based Fintech company specialized in DeFi Derivatives Trading, “backed by Genesis Block Ventures Capital is now valued at $50 million.” The investment, made by Zipmex’s business unit, Zipmex Labs, aims “to increase… Read More

May 21, 2022 @ 7:57 pm By Omar Faridi  |  

YAP, a Fintech streamlining the virtual banking experience in the MENA and South Asia region, has announced that it has been granted an In-Principle Approval (IPA) from the State Bank of Pakistan for an Electronic Money Institute (EMI) License. The approval provides “a tremendous opportunity… Read More

May 20, 2022 @ 5:46 pm By JD Alois  |  

TABS, a “diligence as a service” provider, is being acquired by PreIPO. The deal has priced the purchase at $20.8 million in both cash and stock. The founding team of TABS is expected to join PreIPO’s management team and board of directors. According to a… Read More

May 19, 2022 @ 1:27 am By Omar Faridi  |  

With worldwide demand for storage set to increase exponentially, users of both personal and enterprise storage will likely “look toward Web3 storage technologies to fulfil their needs, particularly as data privacy concerns escalate, signaling a shift away from centralized storage providers.” This trend, in addition… Read More

May 16, 2022 @ 11:36 pm By Omar Faridi  |  

Big Data Exchange (BDx), a data center solutions provider in Asia Pacific, recently announced that it has entered a conditional sale and purchase agreement of shares (CSPA) and joint venture agreement, “together with a series of commercial and operational agreements, with PT Indosat Tbk (Indosat… Read More

May 16, 2022 @ 11:05 pm By Omar Faridi  |  

Binance, which claims to be the world’s “leading” cryptocurrency and blockchain infrastructure provider, has strengthened its team “with the recruitment of Jarek Jakubcek as the Head of Intelligence and Investigations for Asia-Pacific.” Jarek is “a leading global expert in cybercrime and former cryptocurrency specialist in… Read More

May 16, 2022 @ 6:24 pm By Omar Faridi  |  

Nansen, the blockchain data analytics platform, announced that it will be “participating in an ongoing seed round for leading DeFi data platform APY.vision.” To coincide with its seed investment, Nansen will also be “completing a third-party data integration – one of the first times Nansen… Read More

May 15, 2022 @ 7:32 am By JD Alois  |  

ADDX, licensed by the Monetary Authority of Singapore (MAS) to facilitate the issuance and trading of digital securities, will list a private equity fund of funds on its marketplace. ADDX has partnered with Fullerton Fund Management, an Asia-based investment specialist, to offer the Fullerton Optimised… Read More

May 15, 2022 @ 4:17 am By Omar Faridi  |  

MetaVerse Green Exchange (MVGX), a digital green exchange licensed and regulated by the Monetary Authority of Singapore (MAS) and industrial AI pioneer Red Dot Analytics (RDA), a deep tech spin-off from Nanyang Technological University (NTU), Singapore, have announced a collaboration “to enable greater sustainability in… Read More

May 14, 2022 @ 11:42 pm By Omar Faridi  |  

Rewire, the first digital financial services platform for migrant workers worldwide, has expanded its insurance provision “for Filipino customers in the UK and Europe to cover their families living in the Philippines.” Filipino migrants in the UK and Europe can now “buy three additional coverage… Read More

May 12, 2022 @ 7:51 pm By Omar Faridi  |  

There’s no denying that the Middle East is “growing fast” and its restaurant scene is growing “even faster,” according to an update shared with CI. Dining in the UAE means “exploring one of the most diverse, vibrant, and delicious food destinations on the planet.” Restaurants… Read More

May 12, 2022 @ 3:33 pm By Omar Faridi  |  

In the United Kingdom, the general population has become “far more accustomed to the use of QR codes, with the requirement of NHS Test and Trace check-ins in public spaces,” according to an update from Juniper Research. The report from Juniper notes that this  method… Read More

May 12, 2022 @ 9:04 am By Omar Faridi  |  

CoinDCX, which claims to be one of India’s largest and “most valuable” crypto companies, recently announced the launch of CoinDCX Ventures, which is described as an investment initiative funding early-stage crypto and blockchain startups, “bolstering India’s digital asset ecosystem and accelerating the transformation of India’s… Read More

May 11, 2022 @ 8:56 am By JD Alois  |  

TerraUSD (UST) has lost its status as a stablecoin as it is now trading at $0.40 $0.35 having dropped to as low as $0.30 in the last 24 hours. UST’s collapse is the hottest story in crypto land as it was, until recently, touted as… Read More

May 11, 2022 @ 7:52 am By Omar Faridi  |  

Peppermint Innovation (ASX: PIL) has reportedly been granted a license in order to operate as an Electronic Money Issuer (EMI) by the Central Bank of the Philippines, “in one of the biggest regulatory milestones achieved by the company.” The EMI license authorizes the company “to… Read More

May 10, 2022 @ 11:56 pm By JD Alois  |  

Funding Societies, a Singapore-based digital finance platform, has launched in Vietnam today. This is Funding Societies 5th Asian market. Funding Societies provides smaller firms with access to capital with a credit marketplace. To date, Funding Societies has originated S$3.16 billion with just a 1.26% default… Read More

May 10, 2022 @ 11:36 pm By Omar Faridi  |  

Bringing forth the inception of a “new era” in financial inclusivity, Netbank has introduced the Netizen Mobile Banking App as a “One-Stop-Banking Solution” “for Pinoy OFWs around the world.” With a commitment to address solutions to OFWs’ banking transactions, Netizen is developed to be “easy,… Read More

May 10, 2022 @ 9:21 am By JD Alois  |  

There has been a certain amount of panic and a large amount of discussion regarding UST (TerraUSD), an algorithmic stablecoin ostensibly pegged to the US dollar, losing its one-to-one valuation. Currently, UST is recovering trading around $0.9273 but in the past 24 hours, UST traded… Read More

May 9, 2022 @ 5:34 pm By Omar Faridi  |  

The team at Coinhako is pleased to confirm that their firm has been granted the Monetary Authority of Singapore’s (MAS) official approval “for a Major Payment Institution (MPI) license.” Securing the full license means that the firm will be able “to legally operate as regulated… Read More

May 8, 2022 @ 4:26 pm By Omar Faridi  |  

CleverTap, which claims to be one of the leading retention Clouds, recently added to its core leadership team “with the appointment of Honey Bajaj as SVP & Global Chief of Consumer Experience.” In this position, Bajaj will be expected to “pioneer CleverTap’s extensive program to… Read More