Tagged: fintech

June 8, 2025 @ 3:55 pm By Michael Wong  |  

The Philippines and India are accelerating efforts to strengthen collaboration in financial technology and broader development cooperation, as both nations seek to harness digital innovation to drive economic growth. Finance Secretary Ralph Recto recently held talks with Indian Ambassador Harsh Jain to identify new avenues… Read More

June 4, 2025 @ 5:13 am By Michael Wong  |  

Aspire, a Singapore-based finance platform for businesses, has integrated with global payment infrastructure provider Stripe to enhance its payment capabilities, allowing users across Asia to accept a wider range of payment methods and improve cash flow management. The integration enables Aspire users to receive payments… Read More

June 1, 2025 @ 11:22 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) and the School of Business and Management at the Hong Kong University of Science and Technology (HKUST Business School) have signed a memorandum of understanding (MoU) to jointly advance cybersecurity innovation tailored to the evolving needs of the financial… Read More

June 1, 2025 @ 6:16 pm By Michael Wong  |  

Kashable, a U.S.-based Fintech company offering employer-sponsored credit and financial wellness benefits, has secured a $250 million credit facility to expand its lending capacity and further its mission of delivering affordable financial solutions to working Americans. The credit facility, led by Nomura Corporate Funding Americas,… Read More

May 22, 2025 @ 11:20 am By Michael Wong  |  

Clair, a Fintech startup enabling bank-originated Earned Wage Access (EWA) for employees across the US, has raised $23.2 million in a Series B round led by Upfront Ventures, according to an announcement. The round, which was also backed by backer Thrive Capital and others, brings… Read More

May 22, 2025 @ 8:11 am By Michael Wong  |  

Airwallex, a global payments and financial platform, has secured $300 million in a Series F funding round, lifting its valuation to $6.2 billion and further solidifying its position as one of the world’s most valuable Fintechs. The round includes $150 million in secondary share sales… Read More

May 3, 2025 @ 10:22 am By Michael Wong  |  

Vietnam will begin a two-year regulatory sandbox for selected fintech services, including peer-to-peer (P2P) lending, credit scoring, and open banking data sharing, starting July 1, under a government decree issued earlier this week. Decree 94, released on April 29, establishes a controlled testing environment for… Read More

April 27, 2025 @ 5:40 pm By Michael Wong  |  

Ant Bank (Hong Kong), the digital banking arm of Ant International, has received a $100 million capital infusion from its parent company as it seeks to scale up its services and broaden its role in Hong Kong’s digital financial ecosystem. The funding, according to an… Read More

April 25, 2025 @ 4:37 am By Michael Wong  |  

LenderLink Philippines, a fintech startup building the Philippines’ first high-tech, real-time credit bureau, raised $1.25 million in an oversubscribed pre-seed funding round led by venture firms Iterative and Kaya Founders, the company said. The pre-seed round, the startup’s first external raise since its founding last… Read More

April 20, 2025 @ 12:16 pm By Michael Wong  |  

Zain Fintech, the financial services arm of Zain Group, launched its “Bede” Digital Wallet in Sudan, enabling customers to carry out financial transactions via mobile phones without a traditional bank account or card. The platform, designed for both basic feature and smart phones, offers services… Read More

March 24, 2025 @ 11:03 pm By Tony Zerucha  |  

Fintech is one of the best-funded sectors for female-led startups, research from Tracxn suggests. The global tech sector has over 69,000 women-founded tech companies, which have collectively raised $309 billion in funding to date. Despite a peak in 2021, when these companies secured $65 billion,… Read More

March 23, 2025 @ 10:30 pm By Michael Wong  |  

Fintech firm PayU, backed by global consumer internet group Prosus, has acquired a 43.5% strategic stake in India-based real-time payment technology provider Mindgate Solutions, bolstering its position in the country’s digital payments ecosystem. The transaction values Mindgate between $180 million and $250 million, depending on… Read More

March 23, 2025 @ 3:27 pm By Michael Wong  |  

Nayla Finance, a Saudi Arabia-based Fintech focused on improving access to capital for micro-businesses, has raised $4 million in seed funding to scale its operations and expand its digital lending platform, the company said. The round was led by Sanabil Venture Studio by Stryber and… Read More

March 4, 2025 @ 7:41 pm By Michael Wong  |  

UAE-based Fintech Flow48 has secured $69 million in a Series A funding round comprising debt and equity, as it seeks to scale its SME financing solutions in the Middle East and North Africa (MENA). The round was led by Breega and included participation from 212,… Read More

February 27, 2025 @ 11:18 am By Michael Wong  |  

Funding in Southeast Asia’s InsurTech sector slumped sharply in 2024 as investors adopted a more cautious stance amid global economic headwinds, according to a report by data intelligence platform Tracxn. Total investments fell 61 percent to $193 million from $495 million in 2023, reflecting a… Read More

February 16, 2025 @ 6:13 pm By Michael Wong  |  

Financial technology firms are emerging as alternative lenders for micro, small, and medium enterprises (MSMEs), including those in agriculture, amid banks’ continued hesitancy to extend loans to the sector. Bangko Sentral ng Pilipinas (BSP) Monetary Board member Romeo Bernardo said fintech firms are playing an… Read More

February 12, 2025 @ 9:58 pm By Michael Wong  |  

The Green and Sustainable Finance Cross-Agency Steering Group set out new priorities to bolster sustainable finance in Hong Kong, focusing on sustainability disclosures, transition finance, and green fintech development, the Hong Kong Monetary Authority (HKMA) said. The Steering Group, jointly led by the HKMA and… Read More

February 9, 2025 @ 12:09 pm By Michael Wong  |  

According to recent research by UnaFinancial, the total volume of Asian Fintech transactions reached $16.8 trillion in 2024, marking an increase of $2.1 trillion from the previous year. The report noted that Asia accounted for 48.2% of the global fintech volume, which totaled $34.8 trillion… Read More

February 3, 2025 @ 4:12 pm By Michael Wong  |  

TeamSec, a company that claims to be the world’s first AI-powered securitization platform, has raised $7.6 million through a joint investment led by Deniz Ventures, the venture capital arm of DenizBank, and Doha-based Rasmal Ventures. The funding round, executed under the Emirates NBD Innovation Fund—the… Read More

February 2, 2025 @ 5:44 pm By Michael Wong  |  

InfiniVAN Inc., a telecommunications arm of IPS, Inc., has joined forces with Maybank Philippines Inc. in a bid to upgrade the bank’s financial services and enhance its security framework through advanced internet solutions. The collaboration follows the successful completion of the Philippine Domestic Submarine Cable… Read More