Asia

June 13, 2022 @ 9:06 pm By Omar Faridi  |  

NymCard, the MENA-based Banking as-a-Service (BaaS) provider and card issuer, has raised $22.5 million in its latest funding round. This will help NymCard “enable MENA-based Fintechs with the infrastructure required from BIN Sponsorship, Card Issuing, Program Management, Compliance, FX, and Treasury, leverage its over 150+… Read More

June 10, 2022 @ 9:53 pm By Omar Faridi  |  

Razer Fintech, the financial technology arm of Razer, the global lifestyle brand for gamers, recently announced the acquisition of PT E2Pay Global Utama, which claims to be one of the leading B2B2C digital payment facilitators and e-money players in Indonesia. Razer Fintech is an O2O… Read More

June 10, 2022 @ 8:11 pm By JD Alois  |  

YAS MicroInsurance (YAS) and Amodo have partnered to deliver insurance on-chain, according to a company statement. YAS is an Asia-Pacific Insurtech that is combining blockchain technology and insurance. Amodo is a telematics company providing on-demand insurance that is hyper-localized and usage-based insurance. The two firms… Read More

June 10, 2022 @ 6:38 pm By Omar Faridi  |  

ICICI Bank recently announced that it has teamed up with ZestMoney, a digital EMI/ pay-later platform, in order to expand its ‘Cardless EMI’ facility “for purchases at retail and e-commerce platforms.” The partnership enhances affordability for millions of customers of the Bank who can use… Read More

June 10, 2022 @ 3:07 pm By JD Alois  |  

Serai, an HSBC-founded venture based in Hong Kong that offered a B2B supply-chain platform, has shut down. The move was foreshadowed in an executive change last month when Vivek Ramachandran, formerly CEO of Seria, was appointed as Head of Global Trade and Receivables Finance (GTRF)… Read More

June 10, 2022 @ 10:57 am By JD Alois  |  

Huobi Global has announced the creation of Ivy Blocks, a subsidiary that will invest in early-stage blockchain ventures in the DeFi and Web3 space. Huobi said in a corporate statement that its “multi-billion dollar war chest” will allow Ivy Blocks to gain access to unique… Read More

June 9, 2022 @ 11:27 pm By Omar Faridi  |  

The AXIAN Group recently revealed that it has joined Disruptech Egypt Fund I, which is a venture capital fund focused on supporting technology-enabled firms and Fintech startups in Egypt. Disruptech Egypt Fund I is a VC fund dedicated to further developing Egypt’s financial-technologies sector by… Read More

June 8, 2022 @ 10:47 pm By Omar Faridi  |  

Ever imagine visiting your banking branch virtually (without having to leave your residence) or conveniently discussing investment plans with a financial advisor? Well, the day is not so far away when you may have the option to transact, access banking details and access various banking… Read More

June 8, 2022 @ 8:55 am By JD Alois  |  

ADDX, a Singapore-based digital asset exchange that is regulated by the Monetary Authority of Singapore (MAS), says it will now accept cryptocurrencies to onboard its customers describing the feature as signaling crypto as “an asset class for the mainstream.” ADDX accepts investors globally but requires… Read More

June 7, 2022 @ 12:44 pm By Omar Faridi  |  

Hong Kong-headquartered Allinfra, which is assisting institutions with meeting sustainability goals, has acquired $6 million in capital. The firm’s investment round has reportedly been led by international financial services group Nomura. Other investors in the round have not been named, however, the raise included new… Read More

June 6, 2022 @ 3:09 pm By Omar Faridi  |  

A year ago, the Robo.cash platform was joined by the Philippine originator UnaPay. Presently, it is operating within the holding under the UnaCash brand. The Robocash team noted that they are pleased to share the company results for the beginning of 2022. Here are the… Read More

June 6, 2022 @ 10:10 am By JD Alois  |  

Yoshi Markets Limited says it has started onboarding clients for its trading and custody platform for digital assets. Yoshi is an ADGM regulated  Multilateral Trading Facility (MTF) and custodian. The announcement is described as a significant step towards offering services for customers from around the world…. Read More

June 6, 2022 @ 9:57 am By JD Alois  |  

Mega-Fintech Ant Group has announced the launch of ANEXT Bank, a digital wholesale bank, in Singapore. Several years back, Singapore commenced the approval of digital-only banking licenses. Ant Group was one of the approved digital banking providers. ANEXT Bank is one of the two successful… Read More

June 6, 2022 @ 7:16 am By Omar Faridi  |  

Pursuing its “innovative” path in the UAE asset management sector, FinaMaze recently announced a partnership with investment research firm, Ned Davis Research (NDR). This partnership, the “first of its kind” in the GCC region, will see NDR providing research and high-level intelligence to the ADGM-regulated… Read More

June 6, 2022 @ 6:45 am By Omar Faridi  |  

ANEXT Bank, a digital wholesale bank incorporated in Singapore and a wholly-owned subsidiary of Ant Group, has announced its soft launch. The soft launch follows its receipt of MAS’ approval “to commence business on 2 June 2022.” The Singapore-based digital bank will focus on “providing… Read More

June 5, 2022 @ 10:40 pm By Omar Faridi  |  

Indian Fintech firm Razorpay notes that Slack has become one of the “most popular” communication apps used in businesses today. As mentioned in a blog post by Razorpay, Slack is a digital workplace communication tool that “connects you to people and tools you work with.”… Read More

June 5, 2022 @ 10:28 pm By Omar Faridi  |  

Tarabut Gateway, which claims to be the largest Open Banking platform in the MENA region with a market presence in Bahrain, the UAE and KSA, recently announced four new key banking partnerships in KSA. As part of its expansion in Saudi Arabia, and the developments… Read More

June 4, 2022 @ 9:02 pm By Omar Faridi  |  

Green Link Digital Bank (GLDB) commences banking business. GLDB seeks to serve Micro-Small-Medium-Enterprises (MSMEs) with banking and financial services “through their supply chain financing and innovative, easy-to-use technological solutions.” GLDB seeks to leverage their experience in supply chain financing and innovative, easy-to-use technological solutions “to… Read More

June 4, 2022 @ 1:49 pm By Omar Faridi  |  

Stripe, an international financial infrastructure platform, recently announced that Stripe Terminal is currently available in Singapore, making it convenient for companies to create custom checkout experiences for accepting in-person payments, along with unifying client experience and data across online and in-person transfers. Although selling items… Read More

June 3, 2022 @ 2:07 pm By JD Alois  |  

Japan has approved legislation that provides regulation for stablecoins. According to a report in Bloomberg, a stablecoin “must be linked to the yen or another legal tender and guarantee holders the right to redeem them at face value.” The legislation became law this week. Regulating… Read More