Tagged: fintech

November 18, 2023 @ 5:46 pm By Michael Wong  |  

BC Technology Group, the digital asset and fintech-focused parent of digital asset platform OSL, has announced raising approximately HK$710 million from crypto group BGX. The deal, which still requires the approval of BC Group’s shareholders, will give BGX a 30% stake in the company. OSL… Read More

November 18, 2023 @ 12:39 pm By Michael Wong  |  

Silverflow, a could-based payments processing startup, announced raising €15 million ($16.4 million) in a funding round anchored by industry veterans and payments experts at Global Paytech Ventures. The round was also backed by Picus Capital, Coatue, Crane Venture Partners, Inkef, and several angel investors, with… Read More

November 12, 2023 @ 7:42 pm By Michael Wong  |  

Arab Financial Services (AFS), a digital payment solutions provider in the Middle East and Africa, recently hosted a high-level economic delegation from Brussels and discussed potential partnerships within the fintech and financial services sector, highlighting a significant move towards international collaboration in this rapidly evolving… Read More

November 12, 2023 @ 5:28 pm By Michael Wong  |  

A landmark agreement has been reached between the Hong Kong Monetary Authority (HKMA), the People’s Bank of China (PBoC), and the Monetary Authority of Macao (AMCM), promising to revolutionize fintech cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). The “Memorandum of Understanding on Deepening… Read More

November 11, 2023 @ 5:40 pm By Michael Wong  |  

BonEvalue Pte Ltd (BondbloX), a Singapore-based fintech startup that provides easy access to bonds for investors, has secured $6 million in a Series B round. The funding round was backed by Beacon Venture Capital, the corporate venture arm of Thailand’s Kasikornbank. Existing shareholders MassMutual Ventures… Read More

November 5, 2023 @ 8:22 pm By Michael Wong  |  

A recent study conducted by the United Overseas Bank (OUB) suggests that Vietnamese consumers are increasingly turning to digital banking and modern payment methods, with convenience and speed as among the major factors cited for the preference. The report, “ASEAN Consumer Sentiment Study”, indicates a significant… Read More

November 4, 2023 @ 2:46 pm By Michael Wong  |  

Hong Kong and Thailand aims to revolutionize the way travelers handle currency exchange with the launch of interoperable digital payment systems. From December 4, residents from both regions will be able to make transactions using their local digital payment platforms, thanks to a landmark agreement… Read More

November 3, 2023 @ 9:50 pm By Michael Wong  |  

The Dubai Integrated Economic Zone (DIEZ) has announced the official launch of Oraseya Capital, a venture capital fund that will invest in financial technology (fintech) startups in the gulf nation. This strategic initiative, announced during the Dubai Business Forum, aligns with the Dubai Economic Agenda… Read More

November 3, 2023 @ 1:47 pm By Michael Wong  |  

Venture capital (VC) investment in Fintech companies dropped 36% to $6 billion in the third quarter of 2023, with deal volume down 39% to 484, according to data released by S&P Global Market Intelligence. However, despite the overall decline, late-stage startups saw a 30% increase… Read More

November 3, 2023 @ 11:27 am By Michael Wong  |  

Treehouse, a Web3 data and analytics company, has acquired advanced NFT analytics firm Origins Analytics to boost its non-fungible token (NFT) capabilities. Financial details of the acquisition were not disclosed. Following the acquisition, Origins’ founding team will join Treehouse to integrate Origins’ technology into its… Read More

November 2, 2023 @ 11:11 pm By Michael Wong  |  

The Financial Services and the Treasury Bureau (FSTB) of Hong Kong has announced a set of groundbreaking initiatives during the Hong Kong FinTech Week 2023, aimed at integrating fintech developments with the real economy. The comprehensive plan includes the launch of an Integrated Fund Platform… Read More

November 2, 2023 @ 9:56 pm By Michael Wong  |  

Funding Societies (Modalku), a unified small and medium enterprises (SME) digital finance platform in Southeast Asia, has announced raising $7.5 million in debt from Norfund, Development Financial Institution (DFI) operated by the Norwegian government. DFIs have played a significant role in impact investments in Southeast… Read More

November 2, 2023 @ 9:53 pm By Michael Wong  |  

Abu Dhabi Securities Exchange (ADX) is working with HSBC Bank Middle East (HSBC) to develop digital fixed-income securities, paving the way for the introduction of a broader array of capital market use cases in the Middle East. The partnership leverages the investment product knowledge of… Read More

November 2, 2023 @ 11:01 am By Michael Wong  |  

The Swiss National Bank said on Thursday it will start a pilot project next month using central bank digital currency (CBDC) for financial institutions. The project, named Helvetia Phase III, will involve the use of wholesale CBDC on the SIX Digital Exchange (SDX) platform, a… Read More

November 2, 2023 @ 10:37 am By Michael Wong  |  

Italian financial services firm Generali has officially launched Generali Ventures, a venture capital initiative aimed at driving innovation, breaking into new markets, and bolstering operational efficiency throughout the group. With a substantial €250 million commitment, Generali Ventures sets its sights on unearthing the most promising… Read More

October 12, 2023 @ 1:19 am By Michael Wong  |  

Indonesian fintech lending platform Investree has announced raising about $231 million in its Series D funding round anchored by Qatar’s JTA International Holdings with participation from SBI Holding. Following the investment, JTA International Holding and Investree have completed the setup of a joint venture company… Read More

October 11, 2023 @ 10:18 pm By Michael Wong  |  

Greylock, a global venture capital investor well known for backing major tech firms such as Airbnb, Coinbase, and Meta, has announced the launch of its 17th fund, with $1 billion in total corpus. The fund, Greylock 17, will focus on Pre-Seed, Seed, and Series A… Read More

October 2, 2023 @ 6:22 am By Michael Wong  |  

Globe Fintech Innovations, Inc (Mynt), the parent company of the most popular e-wallet in the Philippines GCash, is acquiring Electronic Commerce Payments Inc (ECPay) for about $40 million, according to a disclosure Monday. In a statement, Globe Telecom, the parent company of Mynt, said it… Read More

September 30, 2023 @ 4:21 pm By Michael Wong  |  

d1g1t, a Canadian institutional-grade wealth management platform for Financial Advisors, RIAs, and Multi-Family Offices, announced that it has closed a combined equity and debt financing round. U.S. based existing investor MissionOG led the equity investment, which included participation of other top existing institutional investors: CI… Read More

September 29, 2023 @ 1:54 pm By Michael Wong  |  

Hispanics, which currently represent nearly 20% of the US population, are on track to reach $113 trillion in collective wealth by 2025, according to a new report released by Fintech platform Finhabits. By comparison, the total household wealth in the US in 2022 was $140… Read More