Ant Group and CIMB Owned Online Wallet Provider TNG Digital Is Reportedly Planning to Secure $150M to Support Expansion Efforts

TNG Digital, the digital wallet provider that was launched via a joint initiative between CIMB Bank and China’s Ant Financial (now Ant Group), is reportedly planning to secure $150 million in capital according to a recent report from Reuters. The Malaysian digital wallet operator, owned… Read More

iSTOX Exec Says Digital Securities to Grow by “Leaps and Bounds” as DLT based Platform Secures $50M via Series A Round

Singapore-based iSTOX, a blockchain-powered digitized securities platform, has finalized a $50 million Series A funding round with participation from two state-backed investors based in Japan. As noted by the company’s management: “iSTOX is a future-ready capital markets platform set to usher in a new era… Read More

Buy Now Pay Later or BNPL Fintech Split Handled Over $2.4 Million in Transactions for Malaysian Businesses

Malaysia-based Split, a Buy Now, Pay Later (BNPL) platform, recently revealed that it had handled RM 10 million (appr. $2.47 million) in total transactions for local businesses within months. Split allows merchants to provide up to 3 interest-free installments to their clients, who are able… Read More

China: WeiyangX Fintech Review

Meituan to Close its Mutual Aid Platform On January 15th, China’s leading on-demand food delivery platform Meituan announced that it would close its mutual aid platform at the end of this month. Meituan launched this program in June 2019, providing a basic health plan covering… Read More

Online Marketplaces are Expected to Increasingly Develop their Own Digital Payments Infrastructures: Report

We’re experiencing more changes in the digital payments sector than we’ve seen during the past two or three decades. This seems like an exciting time as consumers across the globe are increasingly using innovative digital platforms and services. Accuity’s payments experts have identified four important… Read More


AI enhanced Trade Finance Network Tradeteq Secures $9.4 Million via Series A Round from US Tech Investors

Tradeteq, a company that offers an AI-enhanced collaborative network for trade finance investors and originators to connect, interact, and transact, has finalized its $9.4 million Series A investment round from a group of US-based tech investors. Tradeteq has now raised over $16 million since it… Read More

Contactless Payments in the UK are On the Rise with 90% of In-Store Transactions Settled with Touch-Free Options

The COVID-19 outbreak has led to the increased adoption of contactless payments as one of the preferred ways to settle transactions in the United Kingdom, now representing around 90% or 9 in 10 of all eligible card transfers (as of 2020). The most significant milestone… Read More

Sweden’s Payments Firm Trustly Is Reportedly Planning an IPO during Q2 2021, Valuing it at a Potential €9 Billion

Sweden-based payments company Trustly is reportedly planning to conduct an initial public offering (IPO) during the second quarter of this year. The IPO might value the firm at around €9 billion. Trustly’s owner, Nordic Capital, is currently working cooperatively with Goldman Sachs, JP Morgan and… Read More

UK Startup MoneyTurtle to Formalize Fundraising Process for SMEs with Smart Technology, Streamlining Early-Stage Business Operations

It’s never that simple or easy to borrow funds from friends or family members, however, that’s actually the uncomfortable reality for many small business owners globally who are often funded by their families or relatives. MoneyTurtle is offering a service that’s meant to formalize this… Read More

Berlin’s Elinvar, a Fintech that Assists Wealth Managers with Digitizing their Business, Secures €25 Million in Capital

Berlin-headquartered Elinvar, a Fintech firm that aims to assist wealth managers and private banks with digitizing their business processes, has secured €25 million in capital. Elinvar’s platform outsources key processes such as client relationship management, digital onboarding, onsite advisory services, investment management, reporting, invoicing, online… Read More

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