Tagged: asia

SME Neobank Volopay Raises $29 Million as it Preps for APAC, MENA Expansion

Singapore-based Volopay, a Y Combinator-backed neobank that offers corporate cards, payable management, business accounts, payments and more, has raised $20 million in a Series A funding round with a combination of debt and equity. The company did not share the details on the funding beyond… Read More

BNP Paribas Asset Management Reveals How Digital Commerce Is Evolving as Big Players Emerge Outside China

Zhikai Chen, Head of Asia Equities at BNP Paribas Asset Management, notes that a number of factors justify their hopes for “a better year after the challenges that 2021 brought to Asian equities, and northern Asian equities in particular.” Chen writes in a blog post… Read More

Payment Solution CHAI Raises $45 Milllion in Round Led by SoftBank Ventures Asia and B Capital.

CHAI, a digital wallet and payment service provider including credit cards, e-wallets, and wire transfers, has raised $45 million in a Series B+ funding round led by SoftBank Ventures Asia (SBVA) and B Capital. Other investors participating in the round include KT Investment, Conductive Ventures,… Read More

Transaction Network Services (TNS) Offers Essential Trading Services Connectivity to Asia

Transaction Network Services (TNS), a key service provider supporting capital markets client and counterpart connectivity and reportedly the first to market with a Layer 1 network solution, has invested considerably in its backbone to offer high-performance international connectivity for customers “tapping the plethora of opportunities… Read More

Airwallex Raises $100 Million at $5.5 Billion Valuation

Airwallex has raised an additional $100 million at a $5.5 billion valuation, according to a note from the company. The funding was an “E1” round and part of a wider $300 million Series E raise. Airwallex says the Series E1 round was oversubscribed, on the… Read More

Starter to Launch IDO for Asia-Focused DEX NASDEX

Multi-chain, community-oriented launchpad Starter this week announced it will host the launch of the IDO for NASDEX, an independently owned and operated decentralized exchange that allows users to trade tokenized stocks on the blockchain through a minting and trading mechanism.  NASDEX, which is designed to… Read More

Zwipe, ICPS Introduce Biometric Payment Card to Asian, African Banks

Biometric Fintech Zwipe and ICPS, an international card payment processor and card personalization bureau, together are bringing Zwipe Pay ONE-enabled biometric payment cards to African and Asian banks. They will be equipped with fingerprint sensors. Zwipe will contribute its biometric ISO contact plate module, passive… Read More

U.S. Fintech Taulia Announces New Footprint in China & Singapore

  Taulia, a U.S.-based working capital solutions provider, announced on Tuesday it has expanded its global footprint by growing its presence in both China and Singapore. Founded in 2009, Taulia claims to be a leading provider of working capital solutions. Through a combination of its… Read More

Airwallex Launches Online Card Payments Solution in Hong Kong

    Airwallex, a digital payments fintech, announced on Thursday the launch of its online card payment acceptance solution in Hong Kong. According to Airwallex, the solution will allow local merchants to accept online card payments made around the world using Visa and Mastercard. According… Read More

Wise Integrates With Google Pay to Allow U.S. Users to Transfer Funds to India & Singapore

  Fintech Unicorn and stealth bank Wise announced on Tuesday it has integrated with Google Pay to allow U.S. users to transfer funds to friends and family in India as well as Singapore. Wise reported that through the integration, all Android and iOS Google Pay users in the U.S. may send… Read More

Hong Kong-Based Crypto Financial Service Provider Babel Finance Secures $40 Million Through Series A Funding Round Led By Zoo Capital, Sequoia Capital China, Dragonfly Capital, BAI Capital, & Bertelsmann

  Babel Finance, a Hong Kong-based crypto financial service provider, announced on Monday it secured $40 million through its Series A funding round, which was led by Zoo Capital, Sequoia Capital China, Dragonfly Capital, BAI Capital and Bertelsmann, with participation from Tiger Global Management. Founded in 2018, Babel… Read More

Plug and Play Opens New Office in Seoul, Korea

  Global accelerator program Plug and Play announced on Tuesday the launch of its new office in Seoul, Korea. Plug and Play reported its Korea division will primarily focus on corporate innovation in the areas of Financial Services (Fintech, Insurtech, and Health) and Smart Cities (Mobility &… Read More

Asian Fintech BizBank Launches Corporate Expense Card in Singapore

  BizBank, an Asian fintech, has reportedly launched its corporate expense card in Singapore. Founded in 2020, BizBank revealed that it is building a ‘Bank-in-a-Box’ for SMBs.  “Using our end-to-end platform, small businesses can digitize operations and spend more time on their core activities — revenue… Read More

Singapore Wealthtech Endowus Secures $23 Million Through Series A Investment Round Led By Lightspeed Venture Partners

  Endowus, a Singapore-based wealthtech, announced on Thursday it raised $23 million through its Series A funding round, which was led by Lightspeed Venture Partners with participation from SoftBank Ventures Asia. Founded in 2017, Endowus stated it is seeking to empower people to “take control” of… Read More

Japanese Buy Now Pay Later Brand Paidy Raises $120 Million Through Series D Funding Round

  Paidy, a Japan-based buy now pay later brand, announced on Wednesday it raised $120 million through its Series D funding round, which included participation from JS Capital Management LLC, Soros Capital Management LLC,  Tybourne Capital Management Ltd, and Wellington Management. Paidy reported that since late… Read More

Singapore Blockchain Tech Company imToken Scores $30 Million Through Series B Financing Round Led By Qiming Venture Partners

  imToken, a Singapore-based blockchain technology company, announced on Tuesday it raised $30 million through its Series B financing round, which was led by Qiming Venture Partners, with participation from its lead Series A investor IDG Capital and new investors including Breyer Capital, HashKey, Signum… Read More

Ping An Collaborates With Zhongshan Hospital For “Healthcare + Finance + Technology” Innovations Initiative

        Ping An Insurance Group announced earlier this week it has teamed up with Zhongshan Hospital for healthcare service enhancements, medical research innovation, and talent incubation across the healthcare, finance and technology fields to help deliver on the national Healthy China initiative…. Read More

Standard Chartered Bank Joins Forces With BlackRock’s Aladdin Platform to Offer End-to-End Investment Solutions to Asia, Africa, & Middle East

  UK banking group Standard Chartered Bank announced on Thursday it has teamed up with BlackRock’s Aladdin platform to offer integrated end-to-end office investment management solutions to mutual clients across Asia, Africa, and the Middle East. According to BlackRock, Aladdin technology combines risk analytics and… Read More

India-Based Merchant Commerce Platform Pine Labs Announces Southeast Asia Expansion Through Mastercard Partnership

    Pine Labs, an India-based merchant commerce platform, announced on Thursday it is expanding its services to Southeast Asia, thanks to key organizational changes. As previously reported, Pine Labs notably offers a merchant platform that includes technology and financial solutions for merchants to help… Read More

Indonesia-Based Digital Payment Infrastructure Xendit Secures $64.6 Million Through Series B Investment Round Led By Accel

  Xendit, an Indonesia-based digital payment infrastructure, announced on Wednesday it secured $64.6 million through its Series B investment round, which was led by Accel with participation from YCombinator. Founded in 2014, Xendit is a fintech that provides payment solutions and simplifies the payment process… Read More

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