Tagged: singapore

March 14, 2022 @ 11:17 pm By Omar Faridi  |  

Malaysia Debt Ventures (MDV), a subsidiary of the Minister of Finance (MOF) and dedicated tech financier, is reportedly establishing a pilot fund valued at RM500,000 to be invested through Funding Societies, a Southeast Asia-based SME digital financing platform. This move intends to reach underserved companies,… Read More

March 10, 2022 @ 10:44 pm By Omar Faridi  |  

Zai, an international Fintech firm offering embedded finance orchestration, has confirmed the appointment of Sanjeev Kumar as the new Global Chief Product Officer. Based in Zai’s Singapore business offices, Sanjeev will responsible for supporting Zai’s product strategy internationally, including market expansion, research and design. He… Read More

March 10, 2022 @ 2:43 pm By Tony Zerucha  |  

Paxos, a blockchain infrastructure platform, announced it has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate digital payments token services under the Payment Services Act 2019. With this license, Paxos becomes one of the first blockchain services providers to meet the highest standard… Read More

March 8, 2022 @ 8:05 pm By Omar Faridi  |  

Bit.com, the “high-performance” digital currency exchange, will be partnering with TON (The Open Network) to form a “strategic” partnership to “develop, enhance and expand the TON Ecosystem.” The platform will be “utilizing its trusted security partner, Cactus Custody, to support TON’s native token custody by… Read More

March 7, 2022 @ 9:17 pm By Omar Faridi  |  

Singapore-based virtual bank IN Financial Technology (INFT) has now acquired MyCash Money, which is a money transfer company that is mainly focused on migrant workers (for an undisclosed amount). INFT is an end-to-end, employer-to-employee Fintech platform that supports MSMEs operating in Asian markets in order… Read More

March 7, 2022 @ 6:59 pm By Omar Faridi  |  

Luna Foundation Guard, which secured $1 billion to establish a Bitcoin reserve for the UST stablecoin, has confirmed that the funding would be channeled towards creating a new reserve that may serve as a release valve for UST redemptions at the time of selloffs in… Read More

March 7, 2022 @ 4:02 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued a statement pertaining to EQONEX Limited and the Binance Group stating that Bifinity will advance a USD $36 million in a convertible loan to EQONEX. EQONEX is a firm based in Singapore that is listed on the NASDAQ… Read More

March 2, 2022 @ 11:29 pm By JD Alois  |  

Singapore-based Volopay, a Y Combinator-backed neobank that offers corporate cards, payable management, business accounts, payments and more, has raised $20 million in a Series A funding round with a combination of debt and equity. The company did not share the details on the funding beyond… Read More

February 27, 2022 @ 11:37 pm By Omar Faridi  |  

Since the start of the Coronavirus crisis, both digital-service use and the digital market have grown significantly in Southeast Asia. According to the e-Conomy SEA 2021 Report by Google, Temasek, and Bain & Company, there are now around 350 million digital consumers in the region… Read More

February 23, 2022 @ 1:37 am By JD Alois  |  

Singapore-based Thunes is opening an office in Miami to expand into Latin American markets. Thunes is a payments Fintech that currently supports 79 currencies and 126 countries. Thunes also has established regional offices in London, Paris, Shanghai, New York, Dubai, and Nairobi. Thunes recently boosted its… Read More

February 21, 2022 @ 11:18 pm By JD Alois  |  

Amber Group, a digital asset platform based in Singapore, has raised $200 million in Series B funding at a $3 billion valuation. The funding was led by Temasek with participation from existing shareholders including Sequoia China, Pantera Capital, Tiger Global Management, Tru Arrow Partners, Coinbase… Read More

February 20, 2022 @ 10:17 pm By Omar Faridi  |  

Cross-border payments Fintech Wise (LSE:WISE) intends to hire around 150 professionals for its Singapore business offices in 2022. Wise‘s management noted that this includes key roles focused on engineering, product development, design, analytics, compliance, payments and various other operations in order to support ongoing product… Read More

February 19, 2022 @ 6:43 pm By JD Alois  |  

True Global Ventures 4 Plus (TGV4 Plus) Fund has invested US$8.3 million into Chronicled. Chronicled is a firm that leverages blockchain technology to enable automation, trust, and automatic settlement for inter-company transactions specifically in the Life Sciences and Healthcare industry. Chronicled aims to solve challenges… Read More

February 18, 2022 @ 3:07 am By Omar Faridi  |  

The VeChain Foundation claims that 2021 “proved to be a significant year” for them with many developments taking place — some of which are “fundamentally game-changing” and others that “greatly benefit” their ability to serve the global economy with blockchain-based services. One such change that… Read More

February 17, 2022 @ 9:14 am By JD Alois  |  

Propine, a licensed and regulated digital asset platform, is partnering with Watiga to provide digital asset services. Watiga is an independent professional services group of companies located in Singapore, providing trust, funds, corporate and legal services focusing on private equity, venture capital, mezzanine, and other… Read More

February 16, 2022 @ 9:39 pm By Tony Zerucha  |  

The Monetary Authority of Singapore(MAS) has laid the hammer down on DBS Bank after its digital banking services were widely unavailable for three days toward the end of last November. In a public statement, the Monetary Authority of Singapore said it has imposed an additional… Read More

February 16, 2022 @ 11:30 am By JD Alois  |  

Funding Societies, an online capital formation platform serving Asia, has announced $294 million in funding led by SoftBank. According to a statement by the company, USD $144 million was raised in an oversubscribed Series C+ equity round led by SoftBank Vision Fund 2, with new… Read More

February 6, 2022 @ 4:57 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) recently noted that banks in the Southeast Asian country have “substantially” implemented the additional measures to enhance the security of virtual banking announced on 19 January 2022. The measures, taken together, offer a “significant” added layer of security to… Read More

February 1, 2022 @ 11:38 am By JD Alois  |  

Amber Group has acquired DeCurret Inc., a crypto exchange subsidiary of DeCurret Holdings Inc. The transaction was completed by Amber Group subsidiary WhaleFin Holdings Japan K.K (WhaleFin Japan). The transaction enables Amber Group’s entry into Japan, having acquired a Crypto-Asset Exchange Service Provider (CAESP)  registered… Read More

January 31, 2022 @ 11:10 pm By Omar Faridi  |  

Singapore-headquartered Insurtech firm 360F and AXA recently announced that they will be introducing a full-scale production of their advisory tool, called “My FinScore.” 360F had supported the launch of My FinScore with AXA Singapore earlier in January. The product was made available to AXA’s 700-strong… Read More