Tagged: fintech

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

September 27, 2023 @ 11:16 am By Michael Wong  |  

Visa Inc announced that it will introduce Account-to-Account (A2A) payments in the UAE through a partnership agreement with fintech firms ABHI and YellowPepper. In a statement, Visa said the collaboration aims to revolutionize the financial landscape by driving innovation, promoting financial inclusion, and accelerating the… Read More

September 26, 2023 @ 9:23 pm By Michael Wong  |  

Funding Societies, also known as Modalku, Southeast Asia’s largest unified SME digital finance platform, has successfully secured $27 million in debt funding, led by private credit financier AlteriQ Global. Multi-family office Aument Capital Partners (ACP) and sustainability-focused fund Orange Bloom also contributed to this funding… Read More

September 26, 2023 @ 8:26 pm By Michael Wong  |  

Singapore multinational banking and financial services firm OCBC has announced that the OCBC Pay Anyone app will be retired in October, with the exact date to be confirmed soon. This is part of OCBC’s commitment to offer an enhanced app experience by integrating the features… Read More

September 25, 2023 @ 10:37 am By Michael Wong  |  

Financial wellbeing startup Mintago has announced raising $4.75 million in its latest funding round to augment its platform and expedite its expansion across the UK. Established in 2019 by former Perkbox co-founder, Chieu Cao, Mintago stands as a Financial Conduct Authority (FCA)-regulated company, rendering financial… Read More

September 24, 2023 @ 3:47 pm By Michael Wong  |  

Nagad, a Mobile Financial Service (MFS) provider in Bangladesh, is on the verge of launching a digital bank. The company expects to receive its license from the Bangladesh Bank, the country’s central bank, in the coming months. Sadaf Roksana, co-founder and executive director of Nagad… Read More

September 23, 2023 @ 11:06 am By Michael Wong  |  

Mesh, the financial operating system dedicated to seamless digital asset transfers and account aggregation, has announced raising $22 million in a Series A funding round, anchored by Money Forward Inc. The round was participated by a diverse group of new investors like Galaxy and Samsung… Read More

September 21, 2023 @ 6:17 am By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) unveiled the Green Fintech Competition today, aiming to foster the assimilation of green fintech solutions within the city’s banking realm. This competition aligns with HKMA’s commitment to buttressing the banking sector’s adaptability to climate risk. Green fintech enterprises, both… Read More

September 18, 2023 @ 8:22 am By Tony Zerucha  |  

FV Bank, the U.S. licensed global digital bank that offers a vertically integrated suite of traditional and digital asset banking and custody services, this week appointed Jennifer Yaris Rodríguez as its senior trust officer. The move is effective immediately. As senior trust officer, Rodriguez will… Read More

September 17, 2023 @ 5:15 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA), the city’s central bank, has released its Q2/2023 payment card statistics, revealing that the total number of credit cards in circulation in Hong Kong reached 19.71 million by the end of the second quarter. This indicates a marginal growth… Read More