Asia

March 24, 2022 @ 8:35 pm By Omar Faridi  |  

  Surecomp, which claims to be a market leader in international trade finance solutions for banking institutions and corporations, has confirmed that Societe Generale has now gone live with the latest version of its IMEX solution for back-office trade finance processing automation across four nations… Read More

March 24, 2022 @ 11:43 am By Omar Faridi  |  

Stripe, an international payments company, recently confirmed the launch of Stripe Tax in Singapore. This feature should assist businesses operating in Singapore to automatically determine and collect consumption tax, better referred to as goods and services tax (GST), in the Southeast Asia-based country, as well… Read More

March 22, 2022 @ 11:01 pm By Omar Faridi  |  

iZUMi Finance, a DeFi protocol bringing programmable liquidity mining to Uniswap V3, is teaming up with the HOURAI NFT project to “imbue its upcoming NFTs with value from iZUMi’s DeFi derivatives.” Each holder of HOURAI NFTs, if whitelisted (mint price at 0.1 ETH), will be… Read More

March 21, 2022 @ 11:30 pm By Omar Faridi  |  

Financial regulators in China, including the nation’s reserve bank, and the Zhejiang provincial government are reportedly supporting “controllable risks” in the country’s digital commerce hub in order to promote Fintech innovation. This, according to a government update reviewed by the SCMP. The People’s Bank of… Read More

March 21, 2022 @ 9:54 pm By JD Alois  |  

 Validus has entered into an agreement with Citi Singapore to purchase its business loan portfolio, according to a statement by Validus. Headquartered in Singapore, Validus provides access to capital for businesses funded by institutions and individual investors. Individual investors must be accredited/HNW individuals. Loans are… Read More

March 21, 2022 @ 9:48 pm By JD Alois  |  

Vemanti Group (OTCQB: VMNT) has signed a 10-year agreement with Vietnam Public Joint-stock Commercial Bank (PVcomBank) to launch one of the first SME digital banking platforms in Vietnam. Vemanti says it will utilize cloud computing, API, automated KYC/AML, Artificial Intelligence, Machine Learning, and blockchain technologies… Read More

March 21, 2022 @ 9:39 pm By Omar Faridi  |  

  AppWorks, a venture capital firm and accelerator in Greater Southeast Asia, has announced a series of institutional and organizational developments “in tandem with a number of key internal promotions.” As part of its organizational upgrades, AppWorks has “established new arms that encapsulate the firm’s… Read More

March 20, 2022 @ 9:03 pm By Omar Faridi  |  

Having served a key role in the regional cryptocurrency and blockchain sector since 2015, BitOasis claims to have established its reputation as one of the most “trusted” virtual currency trading platforms in the UAE (and MENA region). Being part of a fast-evolving crypto industry, there… Read More

March 20, 2022 @ 3:39 pm By Omar Faridi  |  

Egypt’s largest national banking institutions – Banque Misr, National Bank of Egypt, and Banque du Caire – and Global Ventures, an MEA-focused VC firm – announced the launch of Nclude by Global Ventures, “following approval by the Central Bank of Egypt (CBE).” This “unprecedented” step… Read More

March 19, 2022 @ 11:55 am By JD Alois  |  

Boost has announced that its “maiden tranche” of Senior Class A Medium Term Notes (MTN) has been rated A1 by Malaysia-based, RAM Rating Services Berhad (RAM Ratings). Boost states that it is now the first fully digital regional financier to receive an investment-grade A1 rating… Read More

March 19, 2022 @ 11:02 am By Tony Zerucha  |  

Singapore Japan Mobile Labs, a new venture focused on Fintech innovation in the Japanese market, has raised a US$ 2.85 million seed round, the group announced this week. The round was led by Saison Capital with additional participation from Apis Insurtech Fund I and Anthemis… Read More

March 19, 2022 @ 10:58 am By Xu Gao  |  

Shanghai Data Exchange Launches Recruitment Campaign in the Metaverse From March 7th to 14th, Shanghai Data Exchange (SDE) launched a recruitment campaign in a metaverse style, which was the first recruitment event since its establishment in November 2021. SDE is expected to recruit globally for… Read More

March 17, 2022 @ 5:25 pm By Tony Zerucha  |  

Singapore Exchange-backed private market platform ADDX recently announced Oi-Yee Choo will be appointed its CEO, subject to the Monetary Authority of Singapore’s (MAS) approval. ADDX was founded in 2017 and began full commercial operations in 2020 after becoming one of the first digital securities exchanges… Read More

March 17, 2022 @ 3:28 pm By Omar Faridi  |  

Japanese web app developer Omochi has announced its pre-registration of “tomonity” NFT marketplace on the IOST blockchain. Tomonity’s “unique” benefits for its users reportedly include “free” transactions and a built-in wallet that “eliminates the pain of creating and importing a crypto wallet for new users.”… Read More

March 17, 2022 @ 11:56 am By JD Alois  |  

EQONEX Limited (NASDAQ: EQOS) has selected Jonathan Farnell as its new CEO and Member of the Board of Directors. Farnell was previously the Head of Binance UK and CEO of Bifinity. The current interim CEO Andrew Eldon will revert back to his primary roles of… Read More

March 17, 2022 @ 9:20 am By Omar Faridi  |  

At Razorpay, they claim to have been driven by one fundamental question: “How can we improve the payments experience for our partner businesses and their end-consumers?” Razorpay writes in a blog post that they “constantly work to find solutions within.” At times, the Indian Fintech… Read More

March 16, 2022 @ 11:54 pm By JD Alois  |  

Peer-to-peer lending platform Robo.cash has announced the launch in Sri Lanka with new commercial loans. Operating under  Robocash Group in Sri Lanka, the online lending platform now allows users to invest in loans for a period of 3 years at 12.5% with monthly interest payments,… Read More

March 16, 2022 @ 10:38 pm By JD Alois  |  

Funding Societies, a leading Asian online investing marketplace, says it will purchase up to $16 million in employee securities to provide current and former employees liquidity. Last month, Funding Societies announced a $294 million funding round led by SoftBank. Under the plan, all eligible former… Read More

March 15, 2022 @ 11:07 pm By Omar Faridi  |  

Eizper Chain, the blockchain action-based multiplayer ARPG, has reportedly acquired $2 million in capital via a seed round and private NFT sale. Overall demand for exposure to this blockchain project – the first game in the Eizper gaming franchise – is “accelerating,” according to a… Read More

March 15, 2022 @ 6:14 pm By Omar Faridi  |  

SCB 10X, a holding company under the Siam Commercial Bank (SCB) Group (BKK: SCB), recently revealed that it would be tapping into the Metaverse. As mentioned in the update, SCB 10X will be introducing its first headquarters in The Sandbox. SCB 10X has also reportedly… Read More