Asia

October 12, 2021 @ 9:19 am By JD Alois  |  

A new partnership between Hex Trust and Hedera Hashgraph will aim to provide banks, financial institutions, and institutional investors with a safe, and compliant way to integrate HTS-based tokens into the operations of their digital assets. Hex Trust will be using the Hedera Token Service… Read More

October 11, 2021 @ 10:26 pm By Omar Faridi  |  

PT Bank Jago Tbk recently announced that Ribbit Capital, which is one of the leading Fintech investors whose investments includes Tinkoff, Revolut, BharatPe, Robinhood, Affirm, Nubank, Coinbase and Credit Karma, has made an investment in Bank Jago, an Indonesia-listed tech -based bank with “a drive… Read More

October 10, 2021 @ 5:25 pm By Xu Gao  |  

CBIRC Supports Domestic Insurance Companies to Issue Catastrophe Bonds in Hong Kong Market On September 27th, the China Banking and Insurance Regulatory Commission (CBIRC) released the “Notice on Matters Related to Domestic Insurance Companies Issuing Catastrophic Bonds in Hong Kong Market”. According to the document,… Read More

October 10, 2021 @ 9:33 am By Omar Faridi  |  

BitOasis has reached a key milestone: the MENA region’s digital asset exchange has finalized its Series B round, securing $30 million in capital from international and regional investors. BitOasis’ investment round has been co-led by Chicago-headquartered VC company Jump Capital, along with contributions from MENA… Read More

October 7, 2021 @ 10:55 pm By Omar Faridi  |  

UOB (SGX: U11) and digital securities exchange ADDX have concluded the digitization and digital custody of the inaugural sustainability-linked bond recently introduced by Sembcorp Industries. This initiative comes amid “a rise in the use of digital securities to enhance the efficiency of bonds and other… Read More

October 7, 2021 @ 8:29 pm By Tony Zerucha  |  

Travel and leisure booking platform Klook and Asian buy now pay later (BNPL) brand Atome today announced a regional partnership to expand BNPL payment acceptance for travel, attractions and leisure experiences across Southeast Asia. The partnership will start in Singapore before rolling out to Hong… Read More

October 6, 2021 @ 11:17 pm By Omar Faridi  |  

WeLab, an established Fintech firm in Asia, has introduced an innovative subscription program for buying Apple products with Apple authorized resellers, Subscribe+ for Apple Products. Clients are able to purchase Apple products via the subscription program using the newly launched WeLab Pay that’s powered by… Read More

October 6, 2021 @ 10:55 pm By Omar Faridi  |  

METACO, the provider of security-critical software and infrastructure to the digital asset ecosystem, reveals that it has established its Asia Pacific headquarters in Singapore, “with a strong team managed by newly appointed Managing Director APAC, Patrick Enjalbal.” As mentioned in a release shared with Crowdfund… Read More

October 6, 2021 @ 10:44 pm By Omar Faridi  |  

GetVantage, an established revenue-based financing Fintech, reveals that it is introducing Bounce Back Capital, which is described as a “first-of-its-kind” initiative to help brands of India “rebound this festive season.” As mentioned in a release shared with CI, GetVantage has allocated an initial $5 million… Read More

October 6, 2021 @ 10:15 pm By JD Alois  |  

Funding Societies has raised USD $18 million in debt capital led by Helicap Investments, the newly launched Social Impact Debt Fund, and a Japanese financial services group.  Helicap Securities acted as sole lead arranger on the secured credit facility. Funding Societies is based in Singapore… Read More

October 6, 2021 @ 8:10 pm By Omar Faridi  |  

Singapore-headquartered Qapita, provider of equity management software-as-a-service (SaaS) solutions, has secured $15 million via a Series A round. Qapita’s investment round was co-led by East Ventures (Growth Fund) and Vulcan Capital, along with contributions from NYCA and other existing investors such as MassMutual Ventures and… Read More

October 6, 2021 @ 4:15 pm By Tony Zerucha  |  

Blockchain venture capitalist CV VC has started its Dubai operations in partnership with DMCC Crypto Centre. CV VC has currently successfully invested in 32 early-stage blockchain startups from around the world, 22 of which came via its CV Labs incubation program. Selected start-ups from the… Read More

October 5, 2021 @ 9:36 pm By Omar Faridi  |  

Muang Thai Life Assurance Pcl., one of the largest life and health insurance firms in Thailand, has entered a partnership with ZA Tech Global Limited, the technology venture established by ZA International and backed by Softbank’s Vision Fund 1. The partnership marks both parties’ commitment… Read More

October 5, 2021 @ 7:19 pm By Omar Faridi  |  

Qatar Fintech Hub (QFTH), established by the Qatar Development Bank (QDB) to support the growth of the Fintech industry in the Middle Eastern country, published its first whitepaper on the current state of the fast-evolving Fintech ecosystem in the MENA region. Titled “From Qatar to… Read More

October 4, 2021 @ 11:27 pm By Omar Faridi  |  

ZA Bank has announced that it aims to streamline the financial management experience with a “fixed-rate” tax loan at a “guaranteed 1.58% APR.” Driven by the motto of “Be the Game Changer”, Hong Kong’s virtual banking platform, ZA Bank, has introduced another tax loan with… Read More

October 4, 2021 @ 10:17 pm By Omar Faridi  |  

QisstPay, which is one of Pakistan’s first Buy Now, Pay Later (BNPL) services, recently revealed that they’ve secured $15 million in capital as part of their seed and pre-seed rounds with “a mix of equity and debt.” MSA Capital reportedly led QisstPay‘s investment round, with… Read More

October 4, 2021 @ 8:53 pm By Omar Faridi  |  

Singapore-based Ojamu, a blockchain-powered Martech platform, has acquired $1.7 million in capital via an oversubscribed private sale. Ojamu, which is a marketing technology platform that aims to leverage the power of blockchain tech, artificial intelligence, and NFTs to implement digital marketing campaigns for various brands,… Read More

October 3, 2021 @ 9:49 pm By Omar Faridi  |  

Japanese financial giant SBI Holdings, Switzerland’s crypto-asset bank Sygnum, and European asset management firm Azimut Group have introduced a VC fund of up to $75M that will be based in Singapore. It will focus on making investments in startups operating in the digital assets space…. Read More

October 3, 2021 @ 8:54 pm By Omar Faridi  |  

HSBC and Temasek revealed that they’ve formed a partnership in order to launch a $150 million debt financing platform that’s aimed at supporting sustainable infrastructure initiatives with a special focus on Southeast Asia. This project is reportedly a part of efforts to address climate change… Read More

October 3, 2021 @ 8:33 pm By Omar Faridi  |  

Southeast Asia-based wealth management platform StashAway reveals that it has introduced three thematic portfolios given its rising popularity that’s starting to eclipse more conventional equity products. The themes reportedly include tech enablers, the future of consumer technology, as well as healthcare innovation. StashAway‘s management reveals… Read More