Asia

August 8, 2021 @ 4:22 pm By Omar Faridi  |  

First Abu Dhabi Bank (FAB)-owned online wallet Payit has entered a partnership with digital support services provider PLATX Omni Channel Conversational Commerce in order to offer a new solution for UAE-headquartered merchants. The two firms said they’ll enable UAE’s merchants to obtain customer payments through… Read More

August 7, 2021 @ 2:28 pm By Omar Faridi  |  

Digital assets firm Coinbase (NASDAQ: COIN) announced that it’s funding scholarships in India for the Dapp Ethereum Bootcamp, which has reportedly been founded by a former Coinbase engineer. Coinbase confirmed that it will be covering 90% of costs “for 10 talented individuals to attend inaugural… Read More

August 7, 2021 @ 1:15 pm By Xu Gao  |  

Shanghai Taxis Began to Accept Digital RMB Payments Shanghai Qiangsheng Taxi Company has equipped its 6000 clean energy taxis with digital RMB payment capability. Customers could hail these taxis on 62580 APP. When they arrive at their destination, they could scan the QR code on… Read More

August 6, 2021 @ 6:36 pm By Priyanka Pani  |  

Pencilton, a teen-focused fintech startup, has raised $330K in a pre-seed round led by neobank Jupiter, or Amica Financial Technologies Pvt. Ltd. Several successful founders such as Nilesh Patel, Prashant Singh (Founders of LeadSquared), Ashish Sharma (MD, Innoven Capital), Abhishek Goyal (Founder of Tracxn), Himanshu… Read More

August 6, 2021 @ 9:41 am By Omar Faridi  |  

Sweet, the enterprise-focused NFT solution that aims to offer a user-friendly, consumer-first, environmentally “conscious” approach to providing digital collectibles, recently announced a strategic investment from Animoca Brands, which is described as an “influential force” in gaming. Of note is the news that Animoca recently raised… Read More

August 5, 2021 @ 10:53 pm By Priyanka Pani  |  

It’s raining Unicorns in India’s startup ecosystem. Mindtickle Inc., which provides an artificial intelligence-based tool to improve sales and product knowledge, has become the 20th Unicorn of the year by hitting a $1.2 billion valuation following a funding round led by SoftBank Group Corp.  The… Read More

August 5, 2021 @ 9:18 pm By Priyanka Pani  |  

The Bahrain-based open banking platform ila Bank plans to enhance its customer’s overall banking experience with five new features in a contactless environment. The bank has designed the new features after taking customer feedback at various digital touchpoints and customer insights gained through its agile… Read More

August 5, 2021 @ 10:45 am By Priyanka Pani  |  

Brazil-based Nubank has led a $45 million Series B funding round in yet-to-be-launched Indian neobank Jupiter. Global Founders Capital, Matrix Partners, and Sequoia Capital also participated in the round along with existing investors Addition Ventures, Tanglin VC, 3one4 Capital, Greyhound, and Beenext. Founded by Jitendra… Read More

August 4, 2021 @ 11:04 pm By Omar Faridi  |  

FinAccel, the parent of Kredivo, an AI-powered digital consumer credit platform based in Southeast Asia, and VPC Impact Acquisition Holdings II (NASDAQ: VPCB), a special purpose acquisition company sponsored by Victory Park Capital, revealed on August 2, 2021 that they have finalized a definitive agreement… Read More

August 4, 2021 @ 10:57 pm By Omar Faridi  |  

Indian Fintech Razorpay notes that a current account is usually a “feature-loaded” banking product that’s designed to streamline money movement for businesses. The Razorpay team writes in a blog post that just like any other bank account, a current account has a few “standard features”… Read More

August 4, 2021 @ 10:36 pm By Omar Faridi  |  

OneConnect Financial Technology Co., Ltd. (NYSE: OCFT), an established  technology-as-a-service platform for financial institutions based in China, has released its unaudited financial results for Q2 2021 and H1 for the period ending June 30, 2021. As noted by OneConnect, revenue surged 25.0% YoY to RMB968… Read More

August 4, 2021 @ 9:41 pm By JD Alois  |  

Investree, the Philippines’ first SEC licensed crowdfunding company, is looking to support the country’s underserved MSME sector. “Digital transformation has to form a core part of recovery and future growth. We believe that every business deserves a chance to grow and we try our best… Read More

August 4, 2021 @ 9:35 pm By Omar Faridi  |  

WeLab Bank, a digital bank that’s licensed by the Hong Kong Monetary Authority (HKMA), is celebrating its first anniversary with solid results. Since it began offering services in July 2020, WeLab Bank claims that it has raised “public expectations” of banking services with the launch… Read More

August 4, 2021 @ 9:11 pm By Priyanka Pani  |  

Indian Fintech BharatPe has turned into a Unicorn after raising around $370 million in Series E from Tiger Global, Dragoneer Investor Group, and Steadfast Capital at a $2,85 valuation. The New Delhi-based startup has become the 19th Indian startup to achieve a Unicorn status this… Read More

August 4, 2021 @ 7:30 pm By JD Alois  |  

Animoca Brands has easily completed a securities offering on AngelHub, a Hong Kong-based firm that is the only investment crowdfunding platform regulated by the Securities Financial Commission (SFC). Animoca raised USD $2.3 million on AngelHub as part of a larger USD $139 million funding round…. Read More

August 3, 2021 @ 9:35 am By Omar Faridi  |  

Digital currency exchange Independent Reserve revealed on Monday (August 2, 2021) that it had acquired an “in-principle approval” letter for a Major Payment Institution License in Singapore from the Monetary Authority of Singapore (MAS) under the Payment Services Act (PSA) “to operate as a regulated… Read More

August 2, 2021 @ 10:47 pm By Omar Faridi  |  

Singapore-based wealth platform iFAST Corporation recently revealed that the Group’s Malaysian division, iFAST Capital, has introduced trading services in US as well as support for Hong Kong-listed securities for Malaysians. The new offerings will reportedly include stocks and exchange-traded funds (ETFs) on FSMOne, its B2C online… Read More

August 2, 2021 @ 10:27 pm By Omar Faridi  |  

CIMB Bank and CIMB Islamic Bank have introduced the CIMB OctoSavers Savings Account-i, which is the first all-digital Islamic account where the account opening and onboarding process is carried out completely online. New clients will also get the newly introduced Octo Debit Mastercard via mail… Read More

August 2, 2021 @ 10:07 pm By JD Alois  |  

LiquidX says that Coface Singapore Branch has joined its LiquidX 360 digital platform, a marketplace for participants in the trade credit insurance market, including carriers, brokers, and policyholders. According to a release, Coface Singapore is the first carrier in the region to join the platform… Read More

August 2, 2021 @ 10:02 pm By Omar Faridi  |  

Blockchain Association Singapore (BAS) reveals that it has appointed Richard Teng, former CEO at the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM), as a member to its Advisory Board. Teng brings extensive experience working in the global financial and Fintech industry across… Read More