Tagged: southeast asia

September 21, 2021 @ 8:45 am By Omar Faridi  |  

bolttech, one of the fastest-growing global Insurtech unicorns, reveals that it has completed an extension of its $180 million series A round that was led by Activant Capital Group, bringing the series total to $210 million. As mentioned in a release, this is the largest… Read More

September 20, 2021 @ 8:37 pm By Omar Faridi  |  

Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, and the Agence Française de Développement (AFD), the French Development Agency, have committed to a grant facility agreement of 700,000 Euros (appr. PHP 41.3 million) in order to support the Philippines’ financial inclusion efforts,… Read More

September 20, 2021 @ 7:35 pm By Omar Faridi  |  

NTUC Income, an insurance cooperative based in Singapore, recently revealed that it has introduced a micro investment-related plan (ILP) via the SNACK by Income mobile app. SNACK Investment has reportedly taken a stackable approach that enables clients to create their investment portfolios with bite-sized premiums… Read More

September 20, 2021 @ 7:18 pm By Omar Faridi  |  

XM Studios, a firm that’s backed by Heliconia Capital, reveals a new listing of exchangeable notes on digital securities investment platform ADDX – previously doing business as iSTOX. As mentioned in an update shared with CI, the deal secures SGD 4.5 million in additional capital… Read More

September 19, 2021 @ 4:55 pm By Omar Faridi  |  

Axiata Digital’s digital wallet Boost revealed earlier this week that it has further expanded its insurance offerings with the introduction of automobile insurance, called “CarProtect,” which has been underwritten by Great Eastern General Insurance (Malaysia) Berhad. The digital wallet provider stated that CarProtect provides clients… Read More

September 16, 2021 @ 6:22 pm By Omar Faridi  |  

The Infocomm Media Development Authority (IMDA), Monetary Authority of Singapore (MAS), and Singapore Police Force (SPF) recently revealed that malicious actors overseas had been able to divert and use SMS one-time passwords (OTPs) to carry out fraudulent credit card transfers impacting 75 banking clients based… Read More

September 15, 2021 @ 9:00 am By Omar Faridi  |  

HaloDAO is collaborating with YGG for “local” stablecoin support “for simpler cash out,” according to an update shared with Crowdfund Insider. HaloDAO, a stablecoin marketplace protocol, is working cooperatively with Yield Guild Games (YGG) to “enable YGG community members to support simpler cash outs in… Read More

September 14, 2021 @ 6:04 pm By Tony Zerucha  |  

Xendit, a payments infrastructure provider serving Southeast Asia, this week announced a $150 million Series C that added it to the list of Southeast Asia unicorns. The round was led by Tiger Global Management with participation from existing investors Accel, Amasia, and Justin Kan’s Goat… Read More

September 14, 2021 @ 10:40 am By Omar Faridi  |  

The Coronavirus crisis has led to an international surge in digital commerce sales and online or all-digital businesses, as nationwide lockdowns have forced customers to engage with e-commerce platforms. As consumers continue to use digital commerce platforms and make cashless payments with virtual cards and… Read More

September 13, 2021 @ 10:40 pm By Omar Faridi  |  

NPCI International Payments Ltd (NIPL), the global division of the National Payment Corporation of India, has teamed up with Liquid Group Pte. Ltd., a cross border payments provider, in order to support UPI QR-enabled payments acceptance in 10 different markets across North Asia and Southeast… Read More

September 13, 2021 @ 8:39 pm By Omar Faridi  |  

AXA Affin General Insurance and Malaysia’s Finology, a Fintech firm focused on supporting efficient lending and insurance for individual consumers and businesses, have teamed up to allow clients to buy or renew car and motorcycle insurance and settle road taxes via online platforms. As noted… Read More

September 8, 2021 @ 7:34 am By Omar Faridi  |  

Jeff App, the Latvian Fintech company offering a data-powered loan brokerage platform for unbanked or financially underserved consumers in Asia, has finalized a $1.5 million seed extension round, which was led by J12 Ventures. Jeff App has now secured a total of $2.5 million. Other… Read More

September 7, 2021 @ 8:34 am By Omar Faridi  |  

Standard Chartered (LON: STAN) is partnering with Singapore-based National Trades Union Congress (NTUC) in order to establish an all-digital banking platform. Standard Chartered subsidiary SCBSL will reportedly be providing SGD 144 million for 60% of the joint initiative, with NTCU-controlled BetaPlus retaining the other 40%… Read More

September 6, 2021 @ 11:37 pm By Omar Faridi  |  

Singapore Exchange (SGX) recently revealed that they’ve created updated rules that will allow Special Purpose Acquisition Companies (SPACs) to list on its Mainboard “effective 3 September 2021.” Tan Boon Gin, CEO of Singapore Exchange Regulation (SGX RegCo), noted that SGX’s SPAC framework should give firms… Read More

September 6, 2021 @ 10:52 pm By Omar Faridi  |  

Kadence International Indonesia has shared the findings of a new research study, titled Digital Payments and Financial Services Usage and Behavior in Indonesia. The extensive report is reportedly based on an online survey of 1,000 respondents carried out in July of this year in large… Read More

September 5, 2021 @ 6:32 pm By Omar Faridi  |  

StashAway, a digital wealth management platform, has officially launched in Thailand, which marks a completely new overseas market for the Singapore-headquartered Fintech firm. StashAway, which mainly offers Robo-advisory services, has already established operations in Dubai, Hong Kong, and Malaysia. The StashAway platform, currently accessible to… Read More

September 2, 2021 @ 7:57 pm By Omar Faridi  |  

Digital securities exchange ADDX – previously doing business as iSTOX – expects to “enlarge its business in China significantly, after concluding a $200-million agreement tied to a government-granted quota for Chinese offshore investments,” according to an update shared with Crowdfund Insider. The Qualified Domestic Limited… Read More

September 2, 2021 @ 7:04 am By Omar Faridi  |  

The London Stock Exchange Group (LSEG) has introduced a dedicated sustainable finance innovation division in Singapore as a key part of its new LSEG Labs network. As noted by the LSEG, the division will mainly focus on offering sustainable finance solutions and capabilities in order… Read More

August 31, 2021 @ 11:28 pm By Omar Faridi  |  

Singapore-based Zipmex, a digital assets platform, has secured $41 million through a Series B round which was led by Bank of Ayudhya’s VC division, Krungsri Finnovate. Zipmex‘s latest investment round is joined by Plan B Media Public Company Ltd, Master Ad Public Company Ltd, MindWorks… Read More

August 31, 2021 @ 9:01 pm By Omar Faridi  |  

Standard Chartered (LON: STAN) has launched a joint initiative with Linklogis, a supply chain finance tech solution provider from China, in order to provide a blockchain or DLT-powered trade finance platform, called Olea. Standard Chartered stated that Olea is an all-digital trade finance origination and… Read More