Tagged: asean region

Insurtech: Hong Kong’s ZA Tech and Digital Wallet Provider OVO to Offer Insurance Tech Capabilities to Indonesian Firms

Hong Kong based ZA Tech, a technology venture launched by insurance firm ZhongAn Online and supported by the Softbank Vision Fund, has revealed that it teamed up with the holding company of digital wallet OVO. Through the partnership, both organizations will offer insurance providers in… Read More

Fintech Sector in Brunei Is Growing Steadily as Demand for Remittance Services and Better Credit Solutions Rises: Report

Fintech

Brunei’s Fintech sector continues to grow steadily due to the rising demand for digital financial services and its government’s push to encourage its residents to use modern payment methods. Brunei has the second-highest (after Singapore) human development index or HDI (which measures the overall quality… Read More

Majority of ASEAN Region Fintech Firms are Planning to Raise Additional Funds while Expanding Operations in 2021: Report

Four in five or 80% of Fintech companies in the ASEAN region are focused on expanding their operations following the COVID-19 outbreak. ASEAN member countries include Brunei, Burma (Myanmar), Cambodia, Timor-Leste, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam. A report from UOB, PwC… Read More

Singapore based Financial Technology Firms Secured the Most Funding Compared to All Other ASEAN Region Fintechs: Report

Singapore has managed to attract the highest total funding amount (at 42%) in the ASEAN region – which includes other major Southeast Asian economies such as Indonesia, Malaysia, Thailand, Vietnam, the Philippines, among others. Overall investor interest in Singapore’s Fintech companies continues to remain quite… Read More

Thailand Is Now Home to 96 Fintech Startups including Crowdfunding, Insurtech, Remittance Payments Services: Report

During the past few years, the Fintech sector in Thailand has grown significantly. The country is now home to at least 96 Fintech startups. Thailand’s Fintech ecosystem includes companies and businesses operating in the digital payments space, blockchain or distributed ledger tech (DLT). There are… Read More

Online Lender IN Financial’s Cash-IN-Asia Unit Secures $3.7 Million+ via Round led by DeClout Ventures

Online lender IN Financial through its subsidiary Cash-IN-Asia has secured S$5 million (appr. $3.74 million) in capital via an investment round that was led by Singapore’s VC venture firm DeClout Ventures. IN Financial is a Singapore-headquartered financing platform that’s enhanced by artificial intelligence (AI) and… Read More

Southeast Asia has Emerged as Fintech Hotspot with CAGR of 55% in Equity Funding: Report

  Digital challenger banks have adopted several different business models in order to establish operations in the Fintech and banking sector. They’ve experienced a threefold growth (over 300% growth) during the past five years, according to a new report from the Singapore Fintech Association (SFA)…. Read More

Over 240 Fintech Firms Operating in Indonesia, a Leading Southeast Asian and Global Economy: Report

Indonesia, which has one of the largest economies in Southeast Asia and also ranked high globally, has emerged as a fast-growing Fintech hub. It’s estimated that in the next five years, digital financial services revenues in Indonesia will reach $8.6 billion, meaning they’re increasing at… Read More

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