Asia

August 31, 2021 @ 11:28 pm By Omar Faridi  |  

Singapore-based Zipmex, a digital assets platform, has secured $41 million through a Series B round which was led by Bank of Ayudhya’s VC division, Krungsri Finnovate. Zipmex‘s latest investment round is joined by Plan B Media Public Company Ltd, Master Ad Public Company Ltd, MindWorks… Read More

August 31, 2021 @ 9:01 pm By Omar Faridi  |  

Standard Chartered (LON: STAN) has launched a joint initiative with Linklogis, a supply chain finance tech solution provider from China, in order to provide a blockchain or DLT-powered trade finance platform, called Olea. Standard Chartered stated that Olea is an all-digital trade finance origination and… Read More

August 31, 2021 @ 8:58 pm By Omar Faridi  |  

Vietnam-based virtual bank Cake reveals that it has chosen Cloud banking service provider Mambu in order to scale its business operations towards providing a comprehensive range of digital banking solutions. As noted by its management, Cake is a “lifetime free digital bank with a mission… Read More

August 31, 2021 @ 8:19 pm By Omar Faridi  |  

Singapore-based Network for Electronic Transfers (NETS), an electronic payment solution provider, has confirmed the appointment of Susan Hwee, UOB’s Head of Group Technology and Operations as its new Chairperson. Susan’s appointment should become effective from September 1, 2021. The chairmanship of NETS is usually rotated… Read More

August 31, 2021 @ 11:18 am By Omar Faridi  |  

Stripe, a tech firm that develops vital economic infrastructure for the Internet, has extended ts partnership with China’s UnionPay International, which is one of the biggest payment networks in the world. The updated integration should enable businesses in over 30 different markets, including Australia, Singapore,… Read More

August 30, 2021 @ 11:07 pm By Omar Faridi  |  

Japan-based Fintech firm Paidy, specializing in the Buy Now, Pay Later or BNPL sector, is reportedly looking into going public. This, according to a report from the FT. BNPL has become quite popular globally, with many new Fintechs entering the space within a relatively short… Read More

August 30, 2021 @ 10:53 pm By Omar Faridi  |  

Trading Technologies International, Inc. (TT), an international provider of high-performance professional trading software, infrastructure and data solutions, and Mysteel Singapore Pte ltd (known as Mysteel Commodity Services), an established commodities broker with a “major focus” on China, confirmed that they’ve partnered to introduce an electronic… Read More

August 30, 2021 @ 10:42 pm By Omar Faridi  |  

GCash, a leading mobile wallet provider in the Philippines, reports steady growth as it saw a significant rise in its number of users from 20 million in January 2020 to 46 million in June 2021, according to a release. The GCash app also had more… Read More

August 30, 2021 @ 9:43 pm By Omar Faridi  |  

MX Exchange has reportedly received full approval from the Securities Commission Malaysia (SC) to serve as a Recognized Market Operator-Digital Asset Exchange (RMO-DAX) for the trading of virtual currencies in the Southeast Asian country. This makes MX Exchange only the fourth DAX to offer compliant… Read More

August 30, 2021 @ 9:17 pm By Omar Faridi  |  

Hong Kong-based OneDegree, an Insurtech firm under the Cyberport Incubation Program, revealed on August 30, 2021 that it has secured $28 million in capital through a Series B1 round. The company has secured more than $70 million, to date. As noted by its management: “In… Read More

August 30, 2021 @ 8:31 pm By Omar Faridi  |  

Philippines-headquartered financial services center PERA HUB has teamed up with Brankas, an Indonesia-based open API tech provider, in order to introduce a digital remittance platform, called PERA HUB Conex. As noted by its management: “PERA HUB is the country’s foremost urgent transaction center for money… Read More

August 30, 2021 @ 1:57 pm By Omar Faridi  |  

Fintech investments are fueling growth in the MENA region’s digital economy as consumers increasingly begin to conduct cashless transactions, following the Coronavirus outbreak. The region’s financial technology space is also benefitting from updated regulatory guidelines that may be more conducive for growth, according to consultancy… Read More

August 30, 2021 @ 10:10 am By Omar Faridi  |  

The Monetary Authority of Singapore (MAS), the nation’s central bank and financial regulator, revealed on August 30, 2021 that 15 finalists were selected for the international competition to create a retail Central Bank Digital Currency (CBDC) solution (Global CBDC Challenge). The finalists include financial institutions,… Read More

August 30, 2021 @ 10:01 am By Omar Faridi  |  

We recently connected with James Wo, the Founder and CEO at Digital Financial Group, an investment company empowering Web 3.0 applications and blockchain or DLT -enabled platforms. Wo discussed the different products and services that his company supports. He also discussed the long-term impact that… Read More

August 29, 2021 @ 11:00 pm By Omar Faridi  |  

Ethis Global Sdn Bhd, which operates “regulated” Shariah-compliant, “ethical” and impact focused investment crowdfunding platforms in Indonesia and Malaysia and social finance platform GlobalSadaqah, recently revealed that it finalized an RM6.8 million (appr. $1.62 million) pre-Series A round. The proceeds have will be allocated towards… Read More

August 29, 2021 @ 9:30 pm By Omar Faridi  |  

The team at SadaPay, a Pakistani online payments Fintech, notes that one of the things they felt was “lacking” in the nation’s financial landscape was a “fantastic” virtual debit card. As mentioned in a blog post by SadaPay, there are some virtual cards currently available,… Read More

August 29, 2021 @ 8:28 pm By Omar Faridi  |  

Neobanking Fintech Razorpay has teamed up with Shiprocket in order to provide end-to-end digital commerce solutions in India. As noted in the update from Razorpay, e-commerce has changed the “way we live, shop, and do business.” And, virtual payments have served as a catalyst in… Read More

August 29, 2021 @ 8:26 am By Xu Gao  |  

Digital RMB Used in China’s Futures Market for the First Time On August 24th, the Dalian Commodity Exchange had paid the fees to Dalian Liangyun Group Storage and Transportation Co., Ltd in the form of digital RMB, making it the first use of digital RMB… Read More

August 29, 2021 @ 8:16 am By Omar Faridi  |  

Cyberport recently confirmed that the application stage for Phase 2 of the Fintech Proof-of-Concept Subsidy Scheme, commissioned by the Financial Services and the Treasury Bureau (FSTB), had been closed at the end of June 2021. As mentioned in a release, dated August 26, 2021: “Together… Read More

August 27, 2021 @ 4:39 pm By Tony Zerucha  |  

Digital Horizon Venture Fund this week was among the investors in Singapore Fintech Honest Bank’s Series A financing round. The company raised a total of $19.7 million, with the round led by Insignia Ventures Partners and Digital Horizon VC. Digital Horizon contributed $5.5 million of… Read More