Asia

May 25, 2023 @ 2:02 am By Omar Faridi  |  

Builder.ai announces over $250M Series D led by QIA to push new boundaries for its AI powered composable software platform Strong customer tailwinds “continue to push Builder.ai’s vision of empowering everyone to build the software they need for their business or ideas and making it… Read More

May 24, 2023 @ 11:17 pm By Omar Faridi  |  

Checkout.com, the global payments service provider, has been granted a Retail Payment Services license from the Central Bank of the United Arab Emirates. This makes Checkout.com the first global payments provider “to be granted an acquiring license in the country, further cementing its position as… Read More

May 23, 2023 @ 10:16 pm By Omar Faridi  |  

Netbank, the Filipino banking as a service platform, is pleased to announce the successful completion of its Series A investment round. The investment round was led by Beenext, a prominent regional venture capital firm, with participation from leading Filipino investors: Kaya Founders and Oak Drive… Read More

May 23, 2023 @ 7:17 pm By Omar Faridi  |  

HoYoverse, the game publisher that created Genshin Impact and Honkai Impact and Coda Payments, the provider of cross-border content monetization solutions including Codashop, have partnered “to offer a series of Honkai: Star Rail vouchers as part of the game’s sensational launch in April.” Game fans… Read More

May 23, 2023 @ 5:30 pm By Omar Faridi  |  

The Securities Commission Malaysia (SC) has taken action against Huobi Global Limited, and its Chief Executive Officer Leon Li for “operating a digital asset exchange (DAX) in Malaysia without registration.” Accordingly, the SC has “issued a public reprimand against Huobi Global Limited, and Leon Li… Read More

May 22, 2023 @ 5:18 pm By Omar Faridi  |  

PayTabs, MEASA’s payment solutions provider, today announced a strategic partnership with FlapKap, MENA’s revenue-based financing platform. The collaboration between the two firms aims “to support new and existing PayTabs entrepreneurs, webpreneurs and small and medium e-commerce businesses (SMEs) based in the UAE to obtain a… Read More

May 22, 2023 @ 9:31 am By JD Alois  |  

BitMEX says it is ready to apply for a virtual asset service provider (VASP) license in Hong Kong. The license is available under Hong Kong’s Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022. BitMEX which has endured several rocky years – most recently firing its… Read More

May 21, 2023 @ 10:28 pm By JD Alois  |  

Tranglo and Lulu Money have announced a partnership on cross-border payments. Tranglo currently processes 80% of its payments in real-time.  LuLu Financial Holdings runs a proprietary Digit9 platform, an API-first model for remittance-as-a-service. The two companies say they will benefit from complementary strengths on international… Read More

May 21, 2023 @ 9:52 pm By Omar Faridi  |  

Futu Holdings Limited (Nasdaq: FUTU) announces its expansion into Malaysia with its super investment platform, moomoo, introducing a comprehensive suite of tech-driven offerings to promote financial inclusion. Through inclusive finance, Malaysia investors “will enjoy lifelong access to a holistic suite of self-help educational resources, free-for-all… Read More

May 21, 2023 @ 6:56 pm By Omar Faridi  |  

Aurum Equity Partners, an investor in fast-growing digital infrastructure real estate data center assets, is pleased to announce the launch of its $250M global private equity fund plan to close Q1 2024. Aurum has “allocated $50M to Hyderabad, Telangana for the development of data centers,… Read More

May 21, 2023 @ 4:41 pm By Omar Faridi  |  

TS Imagine, the global, cross-asset class provider of trading, portfolio, and risk management solutions for financial institutions, announces the appointment of Simarjit (Sim) Johal to Head of Asia Pacific (APAC), reporting to Rob Flatley, Chief Executive Officer. Sim will reportedly “join TS Imagine’s Executive Leadership… Read More

May 20, 2023 @ 12:48 pm By Omar Faridi  |  

Paymob, the financial services enabler in the Middle East, North Africa, and Pakistan (MENAP), announces that it has secured Saudi Arabia’s Payment Technical Services Provider (PTSP) certification, making it fully operational in the Kingdom. The PTSP certification, “issued by Saudi Payments is a significant operational… Read More

May 20, 2023 @ 7:30 am By Omar Faridi  |  

Delta Capita, the Financial Services division of Prytek, a global Capital Markets consulting, managed services and technology provider has welcomed Julian Chesser as its new Regional Head of APAC who will be based in Singapore. In this role, Julian will be “responsible for leading all… Read More

May 19, 2023 @ 11:18 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the Federal Reserve Bank of New York’s New York Innovation Center  (NYIC) have published a research report sharing the results of the joint Project Cedar Phase II x Ubin+ (Cedar x Ubin+). Singapore is typically viewed as the… Read More

May 19, 2023 @ 10:58 am By JD Alois  |  

In a speech delivered today, Eddie Yue, Chief Executive of the Hong Kong Monetary Authority (HKMA), announced the pilot program launch of e-HKD or the Hong Kong central bank digital currency (CBDC). According to Yue, 16 companies have been selected to participate in the first… Read More

May 19, 2023 @ 10:12 am By Omar Faridi  |  

Cashfree Payments, India’s payments and API banking company, has partnered with Tazapay, Singapore-based cross-border payments company to power their cross-border payments for Indian exporters. The partnership allows Tazapay “to settle all cross-border payments directly to Indian exporters’ local bank accounts in Rupees (INR) in one… Read More

May 19, 2023 @ 8:27 am By Omar Faridi  |  

Pakistan will reportedly attempt to ban cryptocurrency-related transactions and services. This is not anything new because the country has made similar announcements as far back as 2018 and even earlier. Pakistan‘s Minister of State for Finance and Revenue Aisha Ghaus Pasha recently stated that the… Read More

May 18, 2023 @ 9:27 am By Omar Faridi  |  

bolttech announced it raised $196 million in connection with its Series B with an up-round valuation of $1.6 billion. The investment round was “led by Tokio Marine – Japan’s first insurance company with a 140-year history.” Other key investors “include global life insurance giant MetLife… Read More

May 17, 2023 @ 10:17 pm By Omar Faridi  |  

Matrixport, which claims to be one of the world’s largest and trusted digital assets financial services ecosystems, announced a partnership with Copper.co, an institutional digital asset custody provider, “integrating its pioneering off-exchange collateral management and settlement solution, ClearLoop.” This collaboration “enhances Matrixport’s prime brokerage offerings… Read More

May 17, 2023 @ 4:52 pm By Omar Faridi  |  

CertiK, the New York-based blockchain security company, and Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, announced the signing of a partnership to provide blockchain security services to cloud-based Web3 projects. Web3 developers can now “accelerate their development process and secure their… Read More