Tagged: southeast asia

September 8, 2022 @ 10:22 pm By Omar Faridi  |  

Investment platform PeerBerry reported that it will be listing CashXpress loans from the Philippines again. CashXpress will reportedly “offer double guaranteed 180 days term loans with a 12% ROI.” PeerBerry pointed out that you may review “the term and the loan type of CashXpress loans,… Read More

September 7, 2022 @ 11:58 pm By Omar Faridi  |  

With financial services globally and in Singapore shifting towards embedded finance, KPMG announced the launch of Singapore’s first Embedded Finance Hub with ambitions “to accelerate the adoption of embedded finance in the country.” The Hub, set to run for at least 2 years is expected… Read More

September 6, 2022 @ 11:39 pm By Omar Faridi  |  

Calastone, which claims to be one of the largest global funds networks, announced the opening of their regional headquarters in Singapore, “underpinning their aggressive growth strategy to expand product offerings and footprint across the Asia-Pacific (APAC) region.” Calastone claims it has been “disrupting the investment… Read More

September 6, 2022 @ 10:35 pm By Omar Faridi  |  

Versa Asia, a Malaysia-based digital cash management platform, recently revealed that they have finalized an “8-figure” investment round. Details of the funding have not been shared publicly. This latest investment round has reportedly been led by Hibiscus Fund, a VC fund that is being managed… Read More

September 6, 2022 @ 9:57 pm By Omar Faridi  |  

Maybank has designed its own Sustainable Product Framework (SPF) – the “first” by a Malaysian bank – “to enable greater development of green, social and sustainable products.” The framework, which will support the Group’s commitment of ‘Mobilizing RM50 billion in Sustainable Finance by 2025’, will… Read More

September 6, 2022 @ 9:24 pm By Omar Faridi  |  

Indonesia’s “first” public-listed technology company, Bukalapak, and Standard Chartered officially launched BukaTabungan, a digital banking service that “leverages the reach of Bukalapak’s all-commerce platform and the technology of nexus, a Banking-as-a-Service (BaaS) solution powered by Standard Chartered.” This follows from an earlier announcement on their… Read More

September 5, 2022 @ 10:59 pm By Omar Faridi  |  

GXS Bank, the virtual bank joint initiative of ride-hailing company Grab Holdings and Singapore Telecommunications, have reportedly introduced a digital bank in Singapore. Nasdaq-listed Grab’s financial services have become a vital part of its business expansion strategy as it aims to provide banking, virtual payments,… Read More

September 5, 2022 @ 9:07 pm By Omar Faridi  |  

The virtual banking sector in Singapore has grown significantly in the past few years. Recently, the launch of Trust Bank was announced via a partnership between Standard Chartered and retailer FairPrice. The Southeast Asian challenger bank platform provides the typical retail banking service, along with… Read More

September 5, 2022 @ 4:13 pm By Omar Faridi  |  

Real-time fund transfer service provider InstaPay (in the Philippines) has reportedly processed around 300 million transfers with an aggregate value of about PHP 5.49 trillion during the first seven months of 2022. The average daily volume was reported to be around 1.37 million transactions. InstaPay… Read More

September 5, 2022 @ 12:17 pm By Omar Faridi  |  

Southeast Asia’s wealth management company StashAway has teamed up with the world’s largest asset manager BlackRock (NYSE: BLK) in order to provide a suite of diversified multi-asset model portfolios. Developed from BlackRock’s analytics and ETFs (exchange-traded-funds), the portfolios will reportedly be managed by StashAway. Via… Read More

September 5, 2022 @ 8:39 am By Omar Faridi  |  

Amazon Web Services (AWS), an Amazon.com company, announced international insurtech bolttech has built a new customer support platform on AWS “to enhance services for more than eight million customers in 30 markets globally.” Singapore-based bolttech “connects insurers, distributors, and customers to make it easier to… Read More

August 31, 2022 @ 8:42 pm By Omar Faridi  |  

Surecomp announced that the Joint Stock Commercial Bank for Investment and Development of Vietnam, commonly known as BIDV, has “gone live with its DOKA-NG™ and allNETT™ solutions to fully digitize trade finance processing.” Supported by local partner, CMC Technology and Solution (CMC TS) in Vietnam,… Read More

August 30, 2022 @ 11:19 pm By Omar Faridi  |  

The Lightnet Group announced that it has secured a $50 million capital commitment from LDA Capital Ltd “to grow its infrastructure, operations, and expand its technological partner’s (Velo Labs Technology) blockchain technology.” Lightnet will “have the option to increase the $50 million to a total… Read More

August 28, 2022 @ 11:51 pm By Omar Faridi  |  

Fintech Revolut, the global financial superapp with over 20 million customers, has appointed Raymond Ng as Singapore CEO “as it continues to grow in Singapore.” The new appointment “follows Revolut recently announcing the launch of its crypto products in Singapore.” Revolut‘s customer base in Singapore… Read More

August 28, 2022 @ 7:23 pm By Omar Faridi  |  

On August 17, 2022, Binance and the Securities and Exchange Regulator of Cambodia (SERC) held a workshop designed “to deepen SERC officials’ understanding of the digital asset space.” Binance has once again “reaffirmed its commitment to establishing productive collaborations with SERC and sharing its vast… Read More

August 28, 2022 @ 6:58 pm By Omar Faridi  |  

Fintech company DongPlus launched by Aventus Group in Vietnam in 2021 joins the PeerBerry platform. DongPlus will “offer PeerBerry investors to invest in short-term loans with a 12% annual return.” Vietnamese loans are “backed by a buyback and a group guarantee.” Arūnas Lekavičius, CEO of… Read More

August 22, 2022 @ 9:54 pm By Omar Faridi  |  

UnionBank continues the digital transformation of its wealth management business with the Avaloq Core Platform. This will “help the bank to stay ahead of the technology curve as the financial industry continues to digitalize in the pursuit of greater efficiency and innovation.” Avaloq is “implementing… Read More

August 22, 2022 @ 10:02 am By JD Alois  |  

Funding Societies, a Southeast Asian SME finance provider, has gained a USD $50 million credit facility from HSBC Singapore. The additional capital will be utilized to provide financing to underserved SMEs in the region. Funding Societies reports that commercial lending in Asia Pacific is expected… Read More

August 18, 2022 @ 11:52 am By Omar Faridi  |  

  We recently connected Mohammad Raafi Hossain, CEO & Co-Founder at Fasset, an international digital asset gateway. Fasset Technologies Limited recently partnered with Mastercard to expand financial services in Indonesia and create opportunities for underserved consumers The announcement follows Fasset’s $22 million Series A from… Read More

August 17, 2022 @ 5:07 pm By Omar Faridi  |  

Pomelo has announced a $20 million round in venture capital and $50 million in warehouse facility for a total of $70 million in seed financing, and claims to be “the first company to combine credit and international money transfer.” Pomelo also “announced its official launch… Read More