Asia

December 18, 2023 @ 9:47 am By Omar Faridi  |  

Atul Bhuchar, Head of Product at Partior, the global unified ledger market infrastructure for clearing and settlement, recently shared his views and insights with Crowdfund Insider. Partior claims it is redefining the way money moves globally by “optimizing how liquidity is accessed.” Founded in 2021,… Read More

December 17, 2023 @ 5:17 pm By Omar Faridi  |  

Sumsub has joined the Singapore FinTech Association (SFA). This collaboration signifies Sumsub’s dedication “to driving innovation, fostering key industry connections, and contributing to the vibrant FinTech landscape in Singapore, as well as the wider APAC market following the establishment of its regional headquarters in Singapore… Read More

December 17, 2023 @ 4:07 pm By Michael Wong  |  

The United Arab Emirates (UAE) Ministry of Economy and the Government Development has nominated ABHI, a Pakistani fintech operator, as one of the emerging companies contributing significantly to the nation’s economic sector. This recognition came as ABHI recently inked a deal with Visa Inc. and… Read More

December 17, 2023 @ 3:11 pm By Michael Wong  |  

The Saudi Central Bank (SAMA) has officially introduced a set of rules aimed at regulating “Buy Now, Pay Later” (BNPL) services, marking a significant step in overseeing and controlling this rapidly growing sector. This development, as stated in a recent SAMA press release, is part… Read More

December 16, 2023 @ 1:33 pm By Michael Wong  |  

The International Monetary Fund (IMF) Managing Director’s recent visit to Korea highlighted the urgency of establishing stringent regulations for the cryptocurrency sector. Addressing a conference in Korea, Kristalina Georgieva emphasized the critical need for robust rules in managing the risks associated with digital currencies, drawing… Read More

December 16, 2023 @ 12:22 pm By Michael Wong  |  

OneDegree, a Hong Kong-based insurer specializing in digital assets, has formed a strategic alliance with Dubai Insurance Company to introduce digital asset insurance in the United Arab Emirates (UAE). This partnership includes Dubai Insurance’s investment in OneDegree’s Series B funding round. The collaboration aims to… Read More

December 14, 2023 @ 9:27 pm By Omar Faridi  |  

UAE-based legaltech Clara announced its acquisition of BOTH Corporate Services Limited (BCS), a provider of corporate services in Abu Dhabi Global Market (ADGM). This deal is a key milestone for Clara as it initiates “an acquisition strategy to expand its customer base and extend its… Read More

December 12, 2023 @ 8:01 pm By Omar Faridi  |  

Accenture (NYSE: ACN) has signed a strategic agreement with the Commercial Bank of Dubai (CBD) in order to drive its technology transformation program and “further enhance its banking services to personal and business customers.” Accenture will set up “a development center of excellence (COE) to… Read More

December 12, 2023 @ 5:00 pm By Omar Faridi  |  

Tether, which claims to be the leader in innovative blockchain technology, has announced recently a “significant” collaboration with Bitkub Online Co., Ltd. (Bitkub Exchange), Thailand’s cryptocurrency exchange (reportedly one of the most active in terms of crypto trading volume). This collaboration aims to launch “a… Read More

December 11, 2023 @ 9:43 pm By Michael Wong  |  

Mumbai-based Non-Banking Financial Company (NBFC), Ashv Finance, part of the Aavishkaar Group, has announced raising $10 million in fresh funding from Encourage Capital. This round of funding marks a pivotal step for the company in expanding its services across India. Intellecap served as the exclusive… Read More

December 10, 2023 @ 8:05 pm By Omar Faridi  |  

In the bustling financial landscape of Hong Kong, Asia Win Inc Limited, under Owen Huang’s leadership, introduced GUGU in June 2020. GUGU is not just a financial platform; it’s a mission-driven venture committed “to breaking down barriers for Asian investors looking to enter the US… Read More

December 10, 2023 @ 4:54 pm By Michael Wong  |  

Tokyo-based fintech startup Yoii has announced raising $5.5 million in a Series A funding round anchored by Emellience Partners. The startup, which provides a revenue-based financing (RBF) platform, said the round was also backed by Itochu Technology Ventures, FFG Venture Business Partners, and five other… Read More

December 10, 2023 @ 4:44 pm By Michael Wong  |  

The Monetary Authority of Singapore (MAS) has announced a series of new initiatives in digital finance and capital markets, aimed at strengthening financial cooperation with China. These initiatives were unveiled at the 19th Joint Council for Bilateral Cooperation (JCBC) in Tianjin, co-chaired by Singapore Deputy… Read More

December 9, 2023 @ 8:55 pm By Omar Faridi  |  

In today’s business landscape, customers demand a seamless checkout experience, and it’s crucial for businesses to “adapt to the evolving needs of the customers,” according to an update from Razorpay. From the outset, Razorpay claims it has “been unwavering in its commitment to providing seamless… Read More

December 9, 2023 @ 3:46 pm By Omar Faridi  |  

European investment platform TWINO is sharing the latest performance and product updates. TWINO notes in a blog post that they see that November was an active month for the investors as they reportedly “have several ongoing campaigns and attractive investment opportunities on the platform.” TWINO’s… Read More

December 8, 2023 @ 7:22 pm By Omar Faridi  |  

Abaxx Technologies Inc., a financial software and market infrastructure company, majority shareholder of the Abaxx Commodity Exchange and Clearinghouse, announces that the Monetary Authority of Singapore (MAS) has granted an Approved Clearinghouse (ACH) license and Recognized Market Operator (RMO) license “to Abaxx Singapore’s fully owned… Read More

December 7, 2023 @ 10:31 pm By Omar Faridi  |  

Currencycloud, the firm focused on simplifying business in a multi-currency world, has partnered with BriskPe, the Mumbai-based cross-border payments Fintech, in order “to expand BriskPe’s customers’ payment options.” The partnership will open up international business opportunities “for its India-based micro, small and medium sized enterprise… Read More

December 5, 2023 @ 9:58 pm By Omar Faridi  |  

Maybank launched its Transition Finance Framework, the “first” by a Malaysian bank at the United Nations Framework of Convention on Climate Change’s 28th Conference of Parties (COP28) in Dubai, in a continued effort to drive transition finance. The launch was witnessed by Nik Nazmi Nik… Read More

December 5, 2023 @ 7:17 pm By Michael Wong  |  

Philippine-based fintech superapp GCash has teamed up with agritech startup Mayani to provide local farmers and fisherfolk with access to a financial platform that will support their needs, according to an announcement. The two tech players teamed-up with a joint mandate to create the Philippines’… Read More

December 4, 2023 @ 9:09 pm By Omar Faridi  |  

Pakistan has emerged as one of the fastest-growing markets for freelancers and digital services. Although the majority of the nation’s residents are living in poverty, and the country continues to face major political and economic challenges, there is still a significantly large digital economy that… Read More