Tagged: investment

July 28, 2024 @ 5:33 pm By Michael Wong  |  

Global financial services firm Cantor Fitzgerald has announced plans to launch a Bitcoin financing business designed to provide leverage to investors holding Bitcoin. The new initiative will commence with $2 billion in initial financing and is set to expand significantly over time. The firm, known… Read More

June 20, 2024 @ 9:09 am By Omar Faridi  |  

Circle is introducing the Circle Credits Program, their latest investment in developers using Circle’s platform. Early in 2024, they revealed Circle’s intentions “to empower early-stage, high-impact builders with grants and bounties that help them build on their platform.” As they seek to remove barriers in… Read More

June 12, 2024 @ 3:57 am By Tony Zerucha  |  

Investment bank DAI Magister said Africa’s remittance market, which is poised to reach $500 billion by 2035, makes it a prime investment opportunity. Remittances comprise a significant portion of African GDP, with the total value of remittances across the continent reaching nearly $100 billion in… Read More

June 9, 2024 @ 4:13 pm By Omar Faridi  |  

Alloy, a firm focused on digital asset investment technology, and Obligate are entering a strategic partnership that will integrate Obligate’s tokenized bonds into Alloy’s comprehensive digital asset portfolio management and execution system. This collaboration aims to lead the way in “shaping how institutional asset managers… Read More

April 7, 2024 @ 9:14 am By Michael Wong  |  

Financial inclusion data provider Smile API has successfully closed a funding round with DEG‘s Up-Scaling program, a venture supported by the German Development Finance Institution. This initiative, co-financed by the German Ministry for Economic Cooperation and Development, channels investments into innovative Fintech and greentech ventures… Read More

March 13, 2024 @ 12:34 pm By Omar Faridi  |  

In a significant leap forward for the cybersecurity sector, Eye Security has announced a €36 million Series B investment led by J.P. Morgan Growth Equity Partners with participation from existing investors Bessemer Venture Partners and TIN Capital. The funding round marks “a new chapter in… Read More

January 13, 2024 @ 10:41 am By Omar Faridi  |  

Lendable is pleased to announce a $10 million debt investment in Validus, an SME lending platform with operations in Indonesia, Singapore, Thailand, and Vietnam. Validus drives SME financial inclusion “across Southeast Asia by leveraging proprietary data to provide supply-chain financing to under-served SMEs, thereby empowering… Read More

December 17, 2023 @ 10:02 pm By Tony Zerucha  |  

An industry watcher believes 2024 will be a better year for Latin American companies seeking investment. Andrew Seiz is the vice president of capital markets and investor relations for Kueski, a large Latin American BNPL and online consumer lending provider. He has extensive experience in… Read More

November 9, 2023 @ 12:45 pm By Omar Faridi  |  

Oak View Group (OVG), the global venue development, advisory, and investment company for the sports and live entertainment industries, and DailyPay, a financial technology company, announced it has expanded the rollout of a first-of-its-kind OVG integration into venues across the U.S. The partnership will reach… Read More

October 21, 2023 @ 1:31 pm By Michael Wong  |  

PayPal Holdings, Inc. announced its investment in the Southeast Asia Women’s Economic Empowerment Fund (SWEEF) by Sweef Capital and Quona Opportunity Fund. This collaboration aims to propel women’s participation in global economics and finance. This strategic move is a part of PayPal’s pledge to support… Read More

October 13, 2023 @ 11:17 am By Michael Wong  |  

Global cryptocurrency exchange BingX has announced the launch of BingX Wealth, its latest suite of financial products tailored for asset management. This new endeavor by BingX seeks to address a broad spectrum of users’ asset management needs, enhancing their platform’s user experience and diversifying strategies…. Read More

October 10, 2023 @ 9:49 pm By Michael Wong  |  

Indonesia- and Southeast Asia-focused venture capital investor East Ventures has partnered with Seoul-based SV Investment to launch the “East Ventures South Korea fund in partnership with SV Investment” with a target corpus of $100 million. The initiative’s primary goal is to bridge the investment avenues… Read More

October 8, 2023 @ 1:50 pm By Michael Wong  |  

The Asian Development Bank (ADB) has approved a $300 million policy-based loan to support the Philippines government in creating a stronger institutional and policy environment to help expand Filipinos’ access to financial services, particularly the vulnerable segment of the population, and to promote economic growth…. Read More

September 27, 2023 @ 10:58 pm By Michael Wong  |  

A survey jointly conducted by the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) showed money market funds were the top-selling collective investment schemes (CIS) as reported by the city’s licensed corporations (LCs) in 2022. It accounted for 61% of the… Read More

September 17, 2023 @ 2:46 pm By Michael Wong  |  

In a landmark move to fortify commercial ties between Hong Kong and Saudi Arabia, the Saudi Arabia-China Entrepreneurs Association (SCEA) signed a Memorandum of Understanding (MoU) with the Hong Kong Trade Development Council (HKTDC). The MoU was inked during the eighth Belt and Road Summit…. Read More

September 16, 2023 @ 9:47 am By Michael Wong  |  

Defense AI firm Helsing has announced raising €209 million in its Series B funding round anchored by General Catalyst and backed by strategic investment from the renowned Swedish group, Saab. Established in 2021, Helsing’s identity is carved as a contemporary defense firm, primarily focusing on… Read More

September 9, 2023 @ 4:35 pm By Michael Wong  |  

In a notable demonstration of faith in Central Asia’s growth potential, the International Finance Corporation (IFC), a member of the World Bank Group, has invested and mobilized a staggering $1.6 billion in the region during fiscal year 2023 (FY23). This investment, the highest ever for… Read More

August 24, 2023 @ 8:03 am By Omar Faridi  |  

After the start of a successful collaboration in 2022, the Germany-based auxmoney invests in the Dutch credit platform Lender & Spender. With this investment, Lender & Spender is part of the European “success story” of auxmoney. Robert Leclercq, CEO and co-founder of Lender & Spender, … Read More

February 27, 2023 @ 10:47 pm By Omar Faridi  |  

Northern Ireland (NI) Office Minister of State Steve Baker has announced £18.9 million investment in NI’s cyber security industry at Queen’s University Belfast’s (QUB) Centre for Secure Information Technologies (CSIT). This includes £11 million funding from the New Deal for NI. The investment will “see… Read More

July 26, 2022 @ 8:37 am By Omar Faridi  |  

London-headquartered social and community-focused investing app Shares is looking to expand operations in European markets and also move into crypto after securing $40 million via a Series B round that was led by Valar Ventures. The investment round, which brings Shares’ total funding to $90… Read More