Asia

April 18, 2022 @ 10:42 pm By JD Alois  |  

Thunes has purchased a majority stake in Tookitaki Holding Pte Ltd. According to a statement from Thunes, the company invested over $20 million Thunes is a Singapore-based payments Fintech. Tookitaki is a compliance firm providing anti-money laundering (AML) and know your customer (KYC) services, as… Read More

April 18, 2022 @ 8:10 am By JD Alois  |  

Ant Group, an offshoot of Alibaba and the owner of the largest payment platform in China – Alipay, has partnered with 2C2P – a global payments platform. Simultaneously it was announced that Ant Group will become the majority shareholder of 2C2P upon completion of the… Read More

April 17, 2022 @ 11:57 pm By Omar Faridi  |  

Merchant commerce platform, Pine Labs recently announced that it has made a “significant” majority investment into Mosambee, an end-to-end payment solution provider in India. This investment by Pine Labs will now “value Mosambee at upwards of USD 100m.” Amrish Rau, CEO at Pine Labs, said:… Read More

April 17, 2022 @ 11:56 pm By Omar Faridi  |  

Retailers in Singapore can now accept digital payment tokens (DPT), through a new cryptocurrency payment solution introduced by Singapore-based Major Payment Institution FOMO Pay. The new payment method intended for retailers is reportedly “the first such to be developed by a Digital Payment Token (DPT)… Read More

April 17, 2022 @ 5:17 pm By Omar Faridi  |  

Funding Societies, which claims to be Southeast Asia’s largest SME digital financing platform, recently announced that it has teamed up Dedoco, a “decentralized” digital document and workflow management platform, in order “to become one of the first FinTech platforms to enable micro, small and medium… Read More

April 15, 2022 @ 10:21 am By JD Alois  |  

Terraform Labs has completed a “mind-blowing transaction” according to a blog post as it donates 10 million $LUNA at a value of around $880 million. TFL has gifted an additional 10 million $LUNA to the @LFG_org. https://t.co/tNirkgGGm0 — Terra 🌍 Powered by LUNA 🌕 (@terra_money)… Read More

April 14, 2022 @ 10:36 am By Omar Faridi  |  

Fasset, an international digital asset gateway, has announced its entrance into the European Union after it secured a cryptocurrency authorization. With the authorization, Fasset will strengthen its global operations “to serve the growing digital asset sector in the EU market and beyond.” Fasset previously “secured… Read More

April 13, 2022 @ 5:46 am By Omar Faridi  |  

Paymob, MENA region’s virtual payments provider, has announced its formal market entry, and “start of operations, in Pakistan.” Paymob’s expansion into Pakistan follows its steady growth in its home market of Egypt, plus Jordan and other world regions where – combined – it “services tens… Read More

April 13, 2022 @ 5:12 am By JD Alois  |  

JULO, an online lender serving consumers in Indonesia, has raised $80 million in capital from Japan-based Credit Saison. The new funding is split between $30 million in equity plus a $50 million debt facility. Investors from previous rounds include Skystar Capital, Saratoga Investama, East Ventures,… Read More

April 12, 2022 @ 11:47 pm By Omar Faridi  |  

Hong Kong’s insurance firm OneDegree recently revealed that it has agreed to a 3-year  partnership with Munich Re in order to introduce OneInfinity, a digital asset insurance product. As noted in the update, OneInfinity is an insurance and tech product offering developed specifically for digital… Read More

April 12, 2022 @ 10:08 pm By Omar Faridi  |  

Investcorp, a global alternative investments firm, recently announced the launch of eLydian Lion, which is reportedly the first dedicated institutional blockchain fund based in the GCC, with “a global investment mandate.” The Fund – which will be led from Investcorp’s Abu Dhabi office – will… Read More

April 12, 2022 @ 9:08 pm By Omar Faridi  |  

Kayamo is teaming up with Netbank, a fully-regulated bank that provides Banking-As-A-Service solutions through open APIs, to improve the way they release loan payouts and collect loan repayments–”overall, to provide a better user experience for their end-customers.” Prior to this partnership, Kayamo needed “to complete… Read More

April 12, 2022 @ 6:56 pm By Omar Faridi  |  

Southeast Asia’s digital wealth management platform StashAway recently revealed that John Tsang Chun-wah, Hong Kong’s former Financial Secretary, has officially joined StashAway’s advisory committee. Tsang was reportedly the longest-serving Financial Secretary as he had occupied the position from 2007 until 2017. As mentioned in the… Read More

April 12, 2022 @ 8:06 am By Omar Faridi  |  

Philippines-based Fintech Voyager Innovations has acquired $210 million in capital from trading and investment company Susquehanna International Group and existing backers such as US-based private-equity company KKR & Co. and Chinese tech firm Tencent Holdings Ltd. The operator of payment and financial services app PayMaya… Read More

April 11, 2022 @ 10:46 pm By JD Alois  |  

OneConnect Financial Technology Co., Ltd, part of the Ping An Group, has signed a 10-year exclusive strategic partnership with Pismo, a banking Software-as-a-Service (SaaS) provider. According to a company statement, OneConnect current services will be augmented by Pismo’s “multi-tenant SaaS platform” to serve a broader… Read More

April 11, 2022 @ 10:30 pm By Omar Faridi  |  

Hong Kong – ZA Tech Global Limited, a Singaporean tech venture founded by ZA International and backed by Softbank’s Vision Fund 1, has become “the latest strategic partner to collaborate with Aladin Bank as an investor and a business partner, and is fully committed to… Read More

April 11, 2022 @ 6:00 pm By JD Alois  |  

Last week, Republic officially announced its long-anticipated expansion into Asia. The company has previously expressed its intent to move into other geographies. Last year, Republic made its first big leap into Europe via the acquisition of Seedrs, a UK-based investment crowdfunding platform that has long-listed… Read More

April 10, 2022 @ 11:17 pm By Omar Faridi  |  

Seed Group, a subsidiary of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, recently entered a “strategic” alliance with PayCargo, a Florida-headquartered global logistics payment platform, in order “to bring its tried and tested payment technology to the UAE.” As noted in an… Read More

April 10, 2022 @ 10:51 pm By JD Alois  |  

Nexum Foundation and The Climate Group Africa aim to disrupt the shipping industry, according to a public release. Nexum Foundation has reportedly agreed to provide its technology platform to power a new carbon credits exchange using blockchain technology. In partnership with HBKDOP Dubai, UAE, and… Read More

April 10, 2022 @ 5:29 pm By Omar Faridi  |  

Generali Hong Kong and Hong Kong’s “No.1” virtual bank – ZA Bank recently announced the commencement of their bancassurance partnership. This partnership is “the first of its kind in Hong Kong between a well-established global insurer and a leading virtual bank in the city, with… Read More