Tagged: fintech

January 12, 2025 @ 8:14 pm By Michael Wong  |  

The Central Bank of Ireland has launched its first “innovation sandbox programme,” introducing seven private-sector ventures focused on tackling financial crime. The initiative provides a controlled environment for testing new technologies, enhancing collaboration between the central bank and the fintech sector, and advancing solutions to… Read More

January 12, 2025 @ 7:17 pm By Michael Wong  |  

The digital lending market in the Philippines, which includes registered non-bank digital lenders and digital banks, is projected to surpass $1 billion by the second half of 2025, according to a new analysis by Digido. The growth reflects strong consumer demand for online financial services… Read More

December 29, 2024 @ 6:13 pm By Michael Wong  |  

Fintech firm Alif has announced securing a $20 million debt investment from Accial Capital, a U.S.-based impact private credit fund manager, to strengthen its Nasiya installment service and expand financial inclusion in Uzbekistan. The transaction was facilitated with advisory support from Nairang Capital and TMT… Read More

December 23, 2024 @ 4:00 pm By Michael Wong  |  

Crypto casino platform Winna.com has raised $15 million in a seed funding round, according to Crunchbase. The funds will fuel the platform’s growth and expansion, aiming to revolutionize online gambling through crypto. Since its launch in mid-2024, Winna.com has attracted over 10,000 active players, signaling… Read More

December 22, 2024 @ 5:22 pm By Michael Wong  |  

Global alternative investment firm Arcapita and financial infrastructure technology provider Dgpays have acquired a majority stake in NEOPAY, a UAE-based financial institution, in a deal valued at $385 million, according to an announcement. Mashreq Bank, NEOPAY’s founding entity, retains a substantial minority stake, signaling its… Read More

November 17, 2024 @ 6:06 pm By Michael Wong  |  

FortiCard, a Singapore-based global Fintech firm, has announced the establishment of its subsidiary in the United States and the acquisition of a Money Services Business (MSB) license issued by the Financial Crimes Enforcement Network (FinCEN) under the U.S. Department of the Treasury. This development marks… Read More

November 17, 2024 @ 6:04 pm By Michael Wong  |  

Dubai-based spend management platform Pemo announced raising $7 million in a Pre-Series A funding round. The investment comes as the company seeks to accelerate its growth in the Gulf Cooperation Council (GCC) region, including plans to expand into Saudi Arabia. The funding round was co-led… Read More

November 10, 2024 @ 5:05 pm By Michael Wong  |  

Fintech companies from mainland China are increasingly choosing Hong Kong as the base for their headquarters, attracted by the city’s capital accessibility and a strong talent pool. These firms are leveraging Hong Kong’s strategic position to expand their operations into ASEAN markets. KN Group, a… Read More

November 10, 2024 @ 1:08 pm By Michael Wong  |  

Pharos, a layer-1 blockchain network focused on hyper-parallelism, has completed an $8 million seed investment round. The funding was co-led by Lightspeed Faction and Hack VC, with SNZ Capital participating as a strategic anchor investor. Additional support came from Reforge, Dispersion Capital, Hash Global, Generative… Read More

November 2, 2024 @ 4:18 pm By Michael Wong  |  

Listed firm CryptoBlox Technologies Inc. has announced its acquisition of Blockchain Fintech Unipessoal LDA, a Portuguese company specializing in blockchain-based financial technologies. The announcement was part of the amended agreement that revises the initial acquisition terms disclosed on March 5, 2024, reflecting the latest developments… Read More

November 2, 2024 @ 5:26 am By Michael Wong  |  

NYSE-listed global Fintech player Broadridge Financial Solutions, Inc. has finalized its acquisition of Kyndryl’s Securities Industry Services (SIS) platform, a move aimed at strengthening its position in the Canadian financial services market. The SIS platform, known for providing wealth management and capital markets software solutions,… Read More

October 27, 2024 @ 4:42 pm By Michael Wong  |  

SEPA Cyber Tech Group Holding Ltd., a prominent technology developer and venture capital firm based in London, has rebranded its financial technology division as FinHub and unveiled an ambitious financial super platform under the same name. FinHub’s newly launched platform is designed to meet the… Read More

October 23, 2024 @ 10:20 am By Michael Wong  |  

Fintech companies are facing a challenging environment in 2024 due to high interest rates and heightened regulatory scrutiny, but they are also discovering new opportunities, according to the latest Future of Fintech Report from Silicon Valley Bank (SVB), a division of First Citizens Bank. Despite… Read More

October 20, 2024 @ 9:47 pm By Michael Wong  |  

Mitsubishi Corporation, backed by Warrent Buffett, is set to acquire approximately 6.5% of Global Fintech Innovations Inc (Mynt), the parent company of the Philippines’ major finance super app GCash, according to regulatory filings. In a disclosure to The Philippine Stock Exchange, conglomerate Ayala Corporation announced… Read More

October 13, 2024 @ 2:25 pm By Michael Wong  |  

Bahrain Fintech Bay (BFB), a financial technology hub, announced the establishment of the MENA Innovation Academy (MENA-IA) to enhance Fintech expertise and career readiness across the Middle East and North Africa region. The academy is launched in partnership with Reboot Coding Institute (Reboot01), an academic… Read More

October 6, 2024 @ 2:32 pm By Michael Wong  |  

SBI Holdings Inc., a prominent Tokyo-based financial services conglomerate, has acquired a stake in UBX, a key player in digital transformation within the Philippines. This strategic investment aims to foster collaboration between the two firms to develop impactful digital solutions tailored to the specific needs… Read More

October 6, 2024 @ 2:01 pm By Michael Wong  |  

HSBC Holdings plc has unveiled SemFi by HSBC, a new joint venture with Tradeshift, a global B2B trade network, aimed at delivering seamless embedded finance solutions to business clients. SemFi will integrate HSBC’s payment, trade, and financing services across various e-commerce and marketplace platforms, including… Read More

October 5, 2024 @ 6:15 pm By Michael Wong  |  

Barte, a Brazilian Fintech firm, has announced raising $8 million in its Series A funding round that will help it scale its modular payment solutions. The latest funding round was led by AlleyCorp, a New York-based venture capital firm founded by serial entrepreneur Kevin Ryan,… Read More

October 5, 2024 @ 9:01 am By Michael Wong  |  

Southeast Asia’s technology startup sector experienced a significant downturn in funding during the first nine months of 2024, plunging 59% compared to the same period last year, a report released by Tracxn revealed. The report highlighted that Southeast Asian (SEA) tech startups secured a total… Read More

October 4, 2024 @ 8:33 am By Omar Faridi  |  

According to an extensive update by Finch Capital, 2024 continued to be a turbulent year for European Fintech. While funding levels continued to decline, the sector is now said to be more resilient, with certain “green shoots” now emerging. As noted in the latest research… Read More