Tagged: singapore

March 31, 2021 @ 10:11 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) revealed on March 31, 2021, that Singapore plans to take part in global efforts to improve the overall capacity of the International Monetary Fund (IMF) to provide assistance to “vulnerable” low-income nations in “dealing with the economic fallout from… Read More

March 31, 2021 @ 12:57 pm By Samantha Hurst  |  

  imToken, a Singapore-based blockchain technology company, announced on Tuesday it raised $30 million through its Series B financing round, which was led by Qiming Venture Partners, with participation from its lead Series A investor IDG Capital and new investors including Breyer Capital, HashKey, Signum… Read More

March 29, 2021 @ 10:08 pm By Omar Faridi  |  

Singapore-based #dltledgers, a blockchain or distributed ledger technology (DLT) platform for conducting cross-border trade, trade finance, and handling supply chain digitization, has secured $7 million in capital through a Series A round. The firm’s investment round was led by Regis and Savoy Capital, Vittal, Walden… Read More

March 24, 2021 @ 11:47 pm By Omar Faridi  |  

Supported by an upcoming generation of talented tech professionals, the Fintech industry is evolving rapidly in Pakistan. Fintechs could begin to make major contributions to the Asian country’s nearly $400 billion GDP. Professionals leading the country’s finance ministry and its reserve bank (the State Bank… Read More

March 22, 2021 @ 9:45 am By JD Alois  |  

iSTOX, a tokenization platform regulated by the Monetary Authority of Singapore (MAS), says it has tokenized Astrea VI private equity bonds which were issued earlier this month by Astrea VI Pte. Ltd. iSTOX claims this is the first time digital tokens with exposure to bonds… Read More

March 18, 2021 @ 10:01 am By JD Alois  |  

Zilliqa, a blockchain ecosystem that seeks to offer services to enterprises, has announced an annual investment fund of up to USD$ 5 million for 15 companies building on the Zilliqa blockchain. Zilliqa strives to address the shortcomings of some established blockchains by providing a robust… Read More

March 15, 2021 @ 10:20 pm By Omar Faridi  |  

After the rollout of Trusple, which is AntChain’s global trade and financial services platform, DBS (SGX:D05) has confirmed that it’s the first major Asian banking institution to finalize a trade financing transaction via the platform. The digital transaction was valued at more than $40,000. The… Read More

March 14, 2021 @ 2:10 pm By Omar Faridi  |  

The third edition of Startupbootcamp Fintech Dubai’s accelerator program has now concluded. During the Demo Day, there were 11 startups that pitched their ideas to potential investors, corporate partners, industry experts, mentors, and the general public. Startupbootcamp Fintech Dubai was introduced in 2018 through a… Read More

March 5, 2021 @ 11:12 pm By Omar Faridi  |  

  Singapore-based Symbo Platform Holdings, an Insurtech platform, has finalized a $9.4 million funding round that was led by the CreditEase Fintech Investment Fund. Symbo’s investment round included contributions from San Francisco’s investment company Think Investments along with investments from existing investors AJ Capital, Insignia… Read More

March 5, 2021 @ 8:15 pm By Omar Faridi  |  

Indonesia-based Fintech firm PAYFAZZ has revealed that it invested $30 million in Xfers, a Singapore-headquartered business. The investment was made to establish a new financial entity, known as the Fazz Financial Group (FFG). PAYFAZZ stated that the companies will be keeping their respective names while… Read More

March 5, 2021 @ 6:21 pm By Omar Faridi  |  

When discussing wealth management strategies and how Fintech solutions can help investors better manage their portfolios, analysts often talk about how to create new wealth. They may discuss goal setting, risk profile management, and investment management. Dr. Sekar Jaganathan, Director of Digital Strategy at Kenanga… Read More

March 3, 2021 @ 6:30 am By Milena Naitoh  |  

The ASEAN economy is expected to become the fourth-largest economy in the world by 2030, growing at a pace of over 5% per year. Small and medium enterprises (SMEs) are the biggest contributors to this regional growth — they account for between 89% and 99%… Read More

March 1, 2021 @ 10:55 pm By Omar Faridi  |  

Buy Now, Pay Later or BNPL adoption is on track to grow significantly in the next few years with the Asia-Pacific region being one of the main drivers. A study performed by Coherent Market Insights reveals that the international BNPL market had been valued at… Read More

February 26, 2021 @ 9:52 pm By Omar Faridi  |  

Bursa Malaysia, the nation’s stock exchange, is reportedly planning to work closely with Fintech firms or other strategic business partners in order to enhance its value proposition and improve its operational efficiency. Bursa Malaysia stated that these efforts should help the exchange grow and take… Read More

February 26, 2021 @ 8:34 pm By Omar Faridi  |  

Southeast Asian Fintech firm Grab has revealed that it will be creating about 350 new jobs in Singapore during 2021 in order to support its ongoing growth and development plans. These new roles and requirements aim to support the Fintech company’s expansion of products and… Read More

February 24, 2021 @ 8:54 pm By Omar Faridi  |  

Singapore-based DBS Bank Ltd (SGX:D05), a multinational banking and financial services corporation with over $330 billion in assets, is reportedly using facial biometrics for handling online corporate account opening processes for small businesses. This should help the bank with speeding up information authentication and verification…. Read More

February 24, 2021 @ 8:02 pm By Omar Faridi  |  

MC Payment Limited has revealed that it’s now listed on the Singapore Exchange’s (SGX) Catalist. The company claims that it’s the first digital payments platform to be listed on Catalist. With a market cap of around S$139 million (appr. $105.4 million), the listing of MC… Read More

February 19, 2021 @ 7:51 pm By Omar Faridi  |  

Southeast Asia-based Funding Societies, a digital financing platform, has revealed that it has made S$2 billion (appr. $1.5 billion) in disbursals of business financing to SMEs across the region as the company enters its sixth year of offering loans. Funding Societies’ management noted that the… Read More

February 19, 2021 @ 12:29 pm By JD Alois  |  

High-performance blockchain ecosystem Zilliqa has invested in XCADEMY, described as an online and mobile YouTube academy. The investment is part of a partnership where Zilliqa and XCADEMY plan a blockchain-based influencer economy, allowing content creators to monetize their content and incentivize user engagement by tokenization…. Read More

February 17, 2021 @ 10:41 pm By Omar Faridi  |  

Blockchain startup Lightnet has teamed up with MoneyGram, a leading provider of cross-border peer to peer payments and money transfer services. MoneyGram will be integrating Lightnet’s technology with its fund transfer services so that customers can access a wide range of payout services across the… Read More