Singapore-based Pundi X announced on Wednesday that its blockchain-powered point-of-sale (POS) solution XPOS has received FCC, CE, KC and UAE TRA certifications. Pundi X claims that the XPOS is the first wireless point-of-sale solution that enables merchants and consumers to do secure digital transactions on… Read More
Earlier today, KAYA, the native token issued by LATTICE80, was delisted by COSS.io. In February, LATTICE 80 reported that it had “finished the ICO round 2 with $52 million committed” and planned a 3rd round. The Business Times reported that Rune Evensen, CEO of COSS.io,… Read More
GTR Ventures has taken an equity stake in supply chain management and finance platform Octet Europe. Details on the investment were not disclosed. GTR Ventures has offices in both Singapore and London and this is their 10th Fintech focused investment but first in Europe. Octet… Read More
Singapore based Huobi Global has announced the launch of Huobi Prime Lite, a launch platform for digital assets. As part of the launch, Huobi said that Prime Lite sold 33 million “Thunder Tokens” (TT), the native token of the ThunderCore project (Price Limit: 1 TT… Read More
Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Wednesday it has opened new international headquarters in Singapore, while also launching “SquirrelSave,” a new digital wealth management service developed by its Singapore-based venture, PIVOT Fintech Pte. Ltd (PIVOT). PINTEC reported its international headquarters in Singapore will… Read More
Crypto exchange Zebpay has opened up trading services to the Australian market with a new office in the Fintech hub of Melbourne. Zebpay currently claims over 3 million active users. The company is headquartered in Singapore. Zebpay is also extending its Lightning Network to Australia… Read More
Following the success of the state-sponsored Singapore Fintech Festival, the Monetary Authority of Singapore (MAS) has partnered with the Central Bank of Kenya (CBK) to launch a new event – the inaugural Afro-Asia Fintech Festival. The conference will take place in Nairobi this coming July…. Read More
Thunes (previously DBA as TransferTo), a cross-border payments Fintech, has completed a $10 million Series A financing led by GGV Capital. Thunes is a Licensed Payments Service Provider in the UK. Headquartered in Singapore, Thunes connects mobile wallet operators, corporates, merchants, money transfer operators, payment… Read More
Singapore-based Pundi X announced on Thursday it is planning to launch its platform called Open Platform for developers and companies to list digital tokens within XPOS, XWallet, and XPASS. According to Pundi X, the platform will also allow the creation of customized XPASS cards within… Read More
Binance, the world’s largest cryptocurrency exchange by volume, has officially launched its services in Singapore. According to TechCrunch, the launch of the service comes just six months after the crypto exchange received an investment from Vertex, a VC firm that is backed by Singapore-based sovereign… Read More
Two unnamed individuals were charged with fraud April 10th for their involvement with OneCoin, a multibillion-dollar global cryptocurrency pyramid scheme of started by a brother and sister team in Bulgaria. Business Times reports that an investigation by the Singapore Commercial Affairs Department and the Singapore Police… Read More
Singapore based online lender Validus announced this week that following its $15.2 million fundraise the lending platform has formally launched in Indonesia through its domestic business entity, Batumbu, in partnership with Indonesia’s Triputra Group. As previously reported, Validus was launched in 2015 and claims to… Read More
An on-the-ground investigation by London news outlet Financial Times has shown that several payment referral partnerships maintained by German payments giant Wirecard in the Philippines are either insubstantial or dubious. On Friday, it was revealed that a top accounting executive with the firm had departed…. Read More
Amit Bhardwaj, accused of masterminding an elaborate Bitcoin-based $300 million Ponzi scam that spanned 90 countries, has been granted interim bail in India, Inc42 reports. Bhardwaj’s lawyer, Deepak Prakash told the outlet, “… Amit Bhardwaj has been granted interim bail based on…health ground(s).” The accused reportedly… Read More
Singapore-based Fintech Koku has raised $2 million in a pre-series A round backed by Jason Zeng, co-founder of Tencent Holdings and founder of Chinese angel investment company Decent Capital. Kokue said it expects to raise USD $10 million in a series A round during the… Read More
PIVOT Fintech Pte. Ltd., the digital wealth management technology services venture backed by Pintec Technology Holdings Ltd. (NASDAQ: PT) and FWD Group, announced last week it has been granted a Capital Markets Services (CMS) license by the Monetary Authority of Singapore (MAS). Launched in 2017 by… Read More
Singapore based Fintech InstaReM has announced a partnership with First Data (NYSE: FDC), a global leader in commerce-enabling technology and solutions. The new partnership will combine InstaReM’s digital payments and remittance solution with First Data’s debit processing solution. InstaReM said that by leveraging First Data’s… Read More
InstaReM, a payments platform operating in over 50 countries, has closed on a USD $ 41 million Series C funding round led by Vertex Growth Fund, their first investment in Southeast Asia. James Lee, MD of Vertex Growth Fund, will be joining the Board of… Read More
Katipult Technology Corp. (TSXV:FUND and FRA:K10) a software provider for online investment platforms has helped to launch a new crowdfunding platform Carrington RHT Wealth. The platform is a joint venture (JV) between Singapore based RHT Wealth, an advisory firm, and US-based Carrington Group. RHT Group offers professional… Read More
The Singapore International Commercial Court (SICC) has ruled that cryptocurrency trade platform Quoine must compensate “electronic market maker” B2C2 for reversing highly advantageous trades that resulted from a software glitch, Business Times reports. The decision was issued Thursday in what is reportedly the first legal… Read More
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