Tagged: asia

Thailand Insurtech Sunday Secures $9 Million Through Series B Bridge Round Led By SCB 10X

Sunday, a Thailand-based insurtech startup, has reportedly raised $9 million through its Series B bridge investment round. According to KrAsia, the investment round was led by SCB 10X, the venture capital arm of the Siam Commercial Bank PCL (SCB), with participation from Vertex Ventures Southeast… Read More

Crypto-to-Fiat Gateway XanPool Secures $4.3 Million Through Pre Series A Funding Round Led By OK Group

Hong Kong-based crypto-to-fiat gateway XanPool announced on Friday it secured $4.3 million through its Pre-Series A funding round, which was led by blockchain technology and service provider OK Group with participation from Hashkey and Gumi Cryptos. Founded in 2019, XanPool explained that its software allows… Read More

Bitgate Picks BitGo For Self-Managed Custody Solution to Meet FSA Regulations in Japan

BitGo, a digital asset financial services provider, announced on Wednesday that Bitgate, a Financial Services Agency (FSA) regulated exchange based in Japan, has selected its Self-Managed Custody solution to hold Bitgate customers’ digital assets securely and meet new regulations. According to BitGo, The regulations came… Read More

Singapore Exchange Completes First Pilot Digital Asset Issuance for Bond Offering

The Singapore Exchange (SGX) has completed a digital bond issuance in partnership with Temasek and HSBC. The security was issued via SGX’s digital asset issuance, depository, and servicing platform and is the first type of offering completed by the exchange. According to a note posted… Read More

Hong Kong Digital Bank Neat Announces $4 Million Extension of $11 Million Series A Funding Round

Neat, a digital bank based in Hong Kong, announced on Wednesday a $4 million extension to its $11 million Series A investment round, which originally closed in April 2020. MassMutual Ventures, Pacific Century Group, Linear Capital, and Robby Hilkowitz as well as new investor Vectr Fintech… Read More

Chinese P2P Lender Hexindai Announces New Upgrade to Social E-commerce Platform Xiaobai Maimi

  Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) recently announced it has launched an upgraded version of its new form of social e-commerce platform Xiaobai Maimai, offering high-quality and affordable branded products. According to Hexindai, Xiaobai Maimai uses its cooperation with domestic e-commerce platforms and… Read More

Asian Finance Service GoBear Teams Up With UnionBank to launch Lending As A Service Offering in the Philippines

GoBear, a Singapore-based finance services and data platform, announced on Thursday it has formed a partnership with Southeast Asian digital bank UnionBank to launch a lending as a service offering in the Philippines. The launch of the partnership comes just a few months after GoBear… Read More

Indonesian Fintech Ayoconnect Raises $5 Million Through Pre-Series B Funding Round

Indonesia-based fintech Ayoconnect announced on Wednesday it raised $5 million through its pre-Series B financing round, which included participation from BRI Ventures, Tokyo Exchange-listed internet company Kakaku.com, Inc., and Brama one Ventures. Existing investors that also participated in the round were Finch Capital and Amand… Read More

TradingScreen Subsidiary MARKTS Teams Up With OSL to Open Asia’s Digital Asset Market to Global Investors

TradingScreen Inc. (TS) subsidiary MARKTS, a digital asset order and execution management system (OEMS), announced on Wednesday it has teamed up with OSL, an Asian digital asset platform, to launch OSL Exchange and OSL intelligent Request for Quote (iRFQ) trading services on MARKTS. According to… Read More

Mastercard Collaborates With Bank of Shanghai to Enable Better Cross-Border Business Payments in China

Mastercard recently announced it has partnered with Bank of Shanghai to enable better cross-border business payments in China. Mastercard reported that with its cross-border services, businesses will be able to transfer funds to local banks in China. The service will also reduce transaction costs and… Read More

Japanese Payments & E-Commerce Platform hey Secures Growth Investment Through Series E Funding Round Led By Bain Capital Tech Opportunities

    hey, a payments and e-commerce platform in Japan that helps businesses easily create bespoke online stores and process in-store cashless payments, announced on Tuesday it secured a Series E investment, which was led by Bain Capital Tech Opportunities with participation from PayPal Ventures, Goldman Sachs, YJ Capital, Anatole,… Read More

Singapore Robo-Advisor StashAway Secures $16 million Through Series C Funding Round Led By Square Peg

StashAway, a company that claims to be the first robo-adviser to receive a retail license in Singapore, announced on Monday it secured $22.3 million SGD ($16 million USD) Series C fundraising round led by Square Peg. This investment round comes one year after StashAway raised… Read More

Pundi X Now Offering Support For Wanchain’s Cross-Chain Assets

  Singapore-based blockchain developer Pundi X announced on Thursday its support for Wanchain’s cross-chain assets into all XPOS devices. According to Pundi X, coins such as WAN, the Wanchain native coin, WBTC, WEOS, and WETH will be added as cryptocurrencies to the XPOS point-of-sale systems… Read More

Trulioo Announces Expansion of Identity Verification Capabilities to Vietnam

Trulioo, an on-demand global identity verification company, announced on Tuesday it has expanded its identity verification capabilities to Vietnam through GlobalGateway, an identity verification marketplace. According to Trulioo, the extended GlobalGateway coverage will help organizations accurately and efficiently verify consumers and business entities throughout Vietnam…. Read More

Adyen Announces Expansion of Acquiring Capabilities to Malaysia

Payments platform Adyen (AMS: ADYEN) announced on Monday it is expanding its acquiring capabilities to Malaysia. According to Adyen, the expansion helps businesses achieve higher authorization rates, better customer experience, and deeper data insights as the Malaysian market transitions to online payments. “Adyen acquiring complements… Read More

Singapore Fintech Lightnet Expands Reach Throughout Asia Pacific

Lightnet, a Singapore headquartered fintech company, announced on Wednesday its now expanding its reach throughout the Asia Pacific region. This news comes less than six months after Lightnet secured $31.2 million through its Series A financing round.  Founded in 2018, Lightnet is dedicated to improving the… Read More

MoneyGram Teams Up With Korean Fintech Global Money Express to Further Accelerate Digital Growth

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Tuesday it has formed a partnership with Korean fintech, Global Money Express (GME). According to MoneyGram, the partnership enables GME customers to connect to the MoneyGram platform and distribution network in more than 200 countries and… Read More

Lufax Holding’s Subsidiary LUI HK Secures Three Financial Business Licenses in Hong Kong

Ping An Insurance (Group) Company of China, Ltd. (HKEx:2318; SSE:601318) announced on Tuesday that Hong Kong Securities and Futures Commission (SFC) has granted Lu International (Hong Kong) Limited (LUI HK), a subsidiary of Lufax Holding (“Lufax“), a Type 1 (Dealing in Securities) license. Ping An Insurance… Read More

5G Predicted to Boost Financial Inclusion in Asia

The new 5G mobile technology stands to boost financial inclusion in Asia, according to a prediction distributed by Robocash Group. The online lender says that about 3 million of the unbanked and underbanked will gain access to financial services in both Vietnam and the Philippines… Read More

Singapore Fintech GoBear Secures $17 Million Through Latest Investment Round to Expand Financial Services For Asian Markets

GoBear, a Singapore-based fintech, has reportedly secured $17 million through its latest investment round. The investment brings GoBear’s total funding to $97 million. Founded in 2014, GoBear claims to be Asia’s leading financial supermarket whose purpose is to improve financial health. The platform empowers consumers… Read More

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