Asia

May 26, 2022 @ 12:28 am By Omar Faridi  |  

International Insurtech, bolttech, has announced its partnership with one of Vietnam’s telecommunications network operators, Viettel Telecom. The partnership launches an insurance offering, “powered by bolttech’s insurance exchange platform, on Viettel’s customer app MyViettel with products including health, travel, home, car, and motorbike.” bolttech has cooperated… Read More

May 25, 2022 @ 10:19 pm By Omar Faridi  |  

Babel Finance, the wholesale crypto financial services provider, recently announced the completion of a $80 million Series B financing round “at a valuation of $2 billion.” The main investors in this investment round “include Jeneration Capital and 10T Holdings, as well as existing shareholders Dragonfly… Read More

May 24, 2022 @ 9:07 pm By Omar Faridi  |  

MatchMove, the international embedded finance company, has reportedly acquired digital commerce specialist Shopmatic in a $200 million deal, “creating an end-to-end embedded finance and e-commerce powerhouse.” MatchMove’s platform “provides customisable, fast, secure and regulated embedded financial services, such as banking-in-an-app, powered by APIs, to help… Read More

May 24, 2022 @ 6:38 pm By Omar Faridi  |  

BUD, a Metaverse user-generated platform, recently announced its $36.8M Series B round led by Sequoia Capital India “with participation from ClearVue Partners, NetEase and Northern Light Venture Capital.” Existing investors GGV Capital, Qiming Venture Partners and Source Code Capital also participated in the investment round…. Read More

May 23, 2022 @ 11:47 pm By Omar Faridi  |  

Affin Bank recently revealed that it had entered a partnership with GAX MD (MYTHEO), a Robo-advisor that’s regulated by the Securities Commission Malaysia. MYTHEO is an algorithm-based and automated discretionary investment portfolio management service that’s enhanced by Al. This latest partnership is the “first” of… Read More

May 23, 2022 @ 11:02 pm By Omar Faridi  |  

CTOS Digital, via its subsidiary firm, CTOS IDS, is further expanding its range of services with the introduction of CTOS Car Insurance, an online platform for car insurance and road tax renewal with assistance from Insurtech PolicyStreet.com. This new product offering enables clients to make… Read More

May 23, 2022 @ 10:27 pm By JD Alois  |  

Digital securities marketplace ADDX has raised USD $58 million in a “pre-Series B” round. The additional funding brings the total raised since inception to $120 million. New shareholders in ADDX include SET Venture Holding – part of the Stock Exchange of Thailand, UOB, Hamilton Lane… Read More

May 23, 2022 @ 9:58 pm By Omar Faridi  |  

Coins.ph, the Philippines’ fiat and crypto wallet services provider and Joffre Capital portfolio company recently announced the completion of a $30 million Series C financing led by Ribbit Capital, and “joined by other strategic investors.” The new capital will be used “to further expand its… Read More

May 23, 2022 @ 3:21 pm By Omar Faridi  |  

Xendit, one of the “fastest-growing” payments infrastructure platforms for Southeast Asia, announced that it closed $300 million in Series D funding, “taking the total amount raised to $538 million to power the world’s fastest-growing digital economy.” Coatue and Insight Partners co-led the investment round “with… Read More

May 23, 2022 @ 10:34 am By JD Alois  |  

Calvin Cheng, a former Singapore member of Parliament, investor, and entrepreneur, has gained a provisional Virtual Asset License in Dubai, according to a statement from the company. Cheng has reportedly formed the first regulated non-fungible token (NFT) and fan token investment holding company in Dubai…. Read More

May 23, 2022 @ 12:43 am By Omar Faridi  |  

Zipmex Group, a Southeast Asia-based digital asset platform, has invested in Forward, a Thai-based Fintech company specialized in DeFi Derivatives Trading, “backed by Genesis Block Ventures Capital is now valued at $50 million.” The investment, made by Zipmex’s business unit, Zipmex Labs, aims “to increase… Read More

May 21, 2022 @ 7:57 pm By Omar Faridi  |  

YAP, a Fintech streamlining the virtual banking experience in the MENA and South Asia region, has announced that it has been granted an In-Principle Approval (IPA) from the State Bank of Pakistan for an Electronic Money Institute (EMI) License. The approval provides “a tremendous opportunity… Read More

May 20, 2022 @ 5:46 pm By JD Alois  |  

TABS, a “diligence as a service” provider, is being acquired by PreIPO. The deal has priced the purchase at $20.8 million in both cash and stock. The founding team of TABS is expected to join PreIPO’s management team and board of directors. According to a… Read More

May 19, 2022 @ 1:27 am By Omar Faridi  |  

With worldwide demand for storage set to increase exponentially, users of both personal and enterprise storage will likely “look toward Web3 storage technologies to fulfil their needs, particularly as data privacy concerns escalate, signaling a shift away from centralized storage providers.” This trend, in addition… Read More

May 16, 2022 @ 11:36 pm By Omar Faridi  |  

Big Data Exchange (BDx), a data center solutions provider in Asia Pacific, recently announced that it has entered a conditional sale and purchase agreement of shares (CSPA) and joint venture agreement, “together with a series of commercial and operational agreements, with PT Indosat Tbk (Indosat… Read More

May 16, 2022 @ 11:05 pm By Omar Faridi  |  

Binance, which claims to be the world’s “leading” cryptocurrency and blockchain infrastructure provider, has strengthened its team “with the recruitment of Jarek Jakubcek as the Head of Intelligence and Investigations for Asia-Pacific.” Jarek is “a leading global expert in cybercrime and former cryptocurrency specialist in… Read More

May 16, 2022 @ 6:24 pm By Omar Faridi  |  

Nansen, the blockchain data analytics platform, announced that it will be “participating in an ongoing seed round for leading DeFi data platform APY.vision.” To coincide with its seed investment, Nansen will also be “completing a third-party data integration – one of the first times Nansen… Read More

May 15, 2022 @ 7:32 am By JD Alois  |  

ADDX, licensed by the Monetary Authority of Singapore (MAS) to facilitate the issuance and trading of digital securities, will list a private equity fund of funds on its marketplace. ADDX has partnered with Fullerton Fund Management, an Asia-based investment specialist, to offer the Fullerton Optimised… Read More

May 15, 2022 @ 4:17 am By Omar Faridi  |  

MetaVerse Green Exchange (MVGX), a digital green exchange licensed and regulated by the Monetary Authority of Singapore (MAS) and industrial AI pioneer Red Dot Analytics (RDA), a deep tech spin-off from Nanyang Technological University (NTU), Singapore, have announced a collaboration “to enable greater sustainability in… Read More

May 14, 2022 @ 11:42 pm By Omar Faridi  |  

Rewire, the first digital financial services platform for migrant workers worldwide, has expanded its insurance provision “for Filipino customers in the UK and Europe to cover their families living in the Philippines.” Filipino migrants in the UK and Europe can now “buy three additional coverage… Read More