Asia

December 8, 2021 @ 10:16 pm By Omar Faridi  |  

As open finance continues to evolve as an international movement, it’s critical for various world  regions to compare different implementation methods before selecting the best or most appropriate system. The Open Banking Exchange, the international unit of Open Banking Europe, has been established to guide… Read More

December 7, 2021 @ 5:09 pm By Omar Faridi  |  

bolttech, the fast-growing global Insurtech, has announced that it has welcomed another strategic investor, BRV Capital Management (BRV), an Asia-headquartered investment platform. As mentioned in an update shared with CI, the addition follows bolttech’s announcement of Series A investors including Activant Capital, Tony Fadell –… Read More

December 7, 2021 @ 9:00 am By JD Alois  |  

The HBAR Foundation, the entity that aims to boost the development of the Hedera ecosystem, has announced a partnership with DECA4, a blockchain consultancy based in the UAE. The partnership is expected to help build and support decentralized projects in the Middle East on the… Read More

December 6, 2021 @ 10:41 pm By Omar Faridi  |  

UniTeller, a global remittance payments processor with head offices in the US, has reportedly extended its remittance services to more clients residing in the Asia Pacific by teaming up with Malaysia’s cross-border payments Fintech Tranglo. UniTeller’s partnership with Tranglo will enable UniTeller to continue expanding… Read More

December 6, 2021 @ 10:15 pm By Omar Faridi  |  

i2c Inc., a provider of digital payment and banking tech, has announced its partnership with BEYON Money, the mobile super app introduced by Batelco Financial Services, which is the Fintech unit of Bahrain’s digital solutions and telecommunications provider. Backed by a recently-secured Open Banking license… Read More

December 6, 2021 @ 9:36 pm By Omar Faridi  |  

PeopleFund (CEO Joey Kim), South Korea’s online lending platform focused on consumer loans, announced recently the completion of a KRW75.9 billion (appr. $6.45 million) Series C round of funding raising from international financial institutions – which includes Bain Capital, Lending Ark Asia Secured Private Debt… Read More

December 5, 2021 @ 5:37 pm By JD Alois  |  

Uniti, an electric car firm based in Sweden that has raised funding online via crowdfunding offerings, a self crowdfunding round, as well as venture capital, says it must raise at least 5 million SEK (~$457,000) by December 10th or it is likely that Uniti will… Read More

December 5, 2021 @ 1:22 pm By Xu Gao  |  

The Ministry of Industry and Information Technology Issues the “14th Five-Year Plan for Big Data industry development” On November 30th, the Ministry of Industry and Information Technology released the “14th Five-Year Plan for the Development of Big Data Industry” (hereinafter referred to as the Plan)…. Read More

December 4, 2021 @ 2:59 pm By Omar Faridi  |  

Uppsala Security, a provider of security tools and services for Crypto AML/CTF, Transaction Risk Management, Regulatory Compliance, Transaction Tracking, and Cyber Security, has announced a new joint cooperation with Matrix USA, a US based firm that focuses on “building and strengthening business relationships in the… Read More

December 4, 2021 @ 10:02 am By Omar Faridi  |  

Gigacover, a Singapore-headquartered Fintech firm that offers gig workers with access to employment/worker benefits, has announced that it’s expanding its operations into the Philippines, which has a 1.5 million+ informal workforce. Gigacover provides freelancer workers with special incentives associated with maintaining regular employment. In statements… Read More

December 3, 2021 @ 9:35 pm By Tony Zerucha  |  

Payments and API banking solutions company Cashfree Payments this week announced an equity investment of $15 million in Telr, a Saudi  Arabia and United Arab Emirates-based payment service provider. With this investment, Cashfree becomes one of the largest shareholders in the company. Cashfree said this… Read More

December 3, 2021 @ 4:14 pm By Omar Faridi  |  

Transaction Network Services (TNS), a key service provider supporting capital markets client and counterpart connectivity and reportedly the first to market with a Layer 1 network solution, has invested considerably in its backbone to offer high-performance international connectivity for customers “tapping the plethora of opportunities… Read More

December 2, 2021 @ 4:40 pm By JD Alois  |  

Grab, an Asian delivery firm and Fintech, traded on the Nasdaq today as part of a SPAC deal that raised gross proceeds of USD $4.5 billion in the largest-ever U.S. public market debut by a Southeast Asian company. The value of the deal was pegged… Read More

December 1, 2021 @ 9:47 pm By Omar Faridi  |  

Malaysia-based business conglomerate Berjaya Corporation (BCorp) has revealed that it sold off 30% of its equity interest in Razer Fintech to Razer Midas for around $53.57 million (appr. RM 223.89 million). BCorp will reportedly be holding onto the remaining 19% stake in Razer Fintech. Before… Read More

December 1, 2021 @ 8:04 pm By Tony Zerucha  |  

Asian cryptocurrency payments company TripleA has been granted a digital payment token license by the Monetary Authority of Singapore (MAS). TripleA is the first standard payment institution to receive this license, the company said. The designation allows TripleA to provide end-to-end cryptocurrency payment services for… Read More

November 30, 2021 @ 10:39 pm By Tony Zerucha  |  

GajiGesa, an Indonesia-based company that offers financial wellness solutions that include the Earned Wage Access (EWA) program, today announced a $6.6 million pre-Series A round. New contributors to the round include MassMutual Ventures, January Capital, Wagestream, Oliver Jung, Patrick Walujo, Chee-Yann Wong, RS. Bunda Group,… Read More

November 30, 2021 @ 9:53 pm By Omar Faridi  |  

Slice, a Fintech platform that provides card-based products to younger Indian consumers to help them build a solid credit score, has secured $220 million in capital via a Series B round that values the business at more than $1 billion. Slice‘s investment round has been… Read More

November 30, 2021 @ 9:30 pm By Tony Zerucha  |  

Endowus, a digital wealth app based in the Fintech hotbed of Singapore, this week announced it has raised $27 million. The new capital infusion brings its total 2021 raise to $50 million. Prosus Ventures and EDBI led the round, with contributions from Z Holdings and… Read More

November 30, 2021 @ 6:48 pm By Tony Zerucha  |  

South Korea’s Shinhan Bank today announced it has completed the development of a proof-of-concept, with a global megabank outside of Korea, to improve the remittance process through the use of stablecoins. It is built on the Hedera network, leveraging stablecoins and focused on international remittances…. Read More

November 29, 2021 @ 9:43 pm By JD Alois  |  

  YouTrip, a digital financial services platform and aspiring neobank, has raised US$ 30 million in Series A funding, according to a company statement. YouTrip is a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) that launched in Singapore in 2018 and… Read More