Tagged: southeast asia

November 22, 2021 @ 7:30 pm By Omar Faridi  |  

MCIS Insurance (MCIS Life) has reportedly acquired a 4.99% stake in Merchantrade Asia, which is a Malaysian money services solution provider (for an undisclosed amount). The acquisition is expected to support MCIS Life’s digital transformation efforts while leveraging Merchantrade’s all-digital capabilities, access to a vast… Read More

November 21, 2021 @ 9:32 pm By Omar Faridi  |  

Southeast Asia-based online financing platform Funding Societies announced earlier this week that it teamed up with MUFG Bank Malaysia, which operates as a subsidiary of Mitsubishi UFJ Financial Group, in order to introduce a Referral Scheme Program exclusively for the banking institution’s corporate customers in… Read More

November 18, 2021 @ 10:48 pm By Omar Faridi  |  

Indonesia-based digital wallet OVO is teaming up with financial marketplace Bareksa and Bahana TCW Investment Management in order to introduce a fixed-income product. The Bahana MES Syariah Fund Kelas O is reportedly being offered only via the OVO app as part of the digital wallet’s… Read More

November 16, 2021 @ 4:14 pm By Tony Zerucha  |  

Southeast Asian “super-app” Grab is working to restore service today, the company said. Customers across Singapore, Thailand, Malaysia, and Indonesia have reported trouble using the super-app, with some voicing their frustrations on social media. “We experienced a service disruption this morning that impacted a number… Read More

November 15, 2021 @ 5:58 pm By Omar Faridi  |  

Sparrow, a crypto-assets trading platform with head offices in Singapore, recently acquired $4.4 million in capital via a Series A round that was led by Gain Loyal Pte Ltd. As mentioned in the announcement, Gain Loyal Pte Ltd is an established investment firm that focuses… Read More

November 14, 2021 @ 8:09 pm By Omar Faridi  |  

Bank Negara Malaysia (BNM) and Payments Network Malaysia (PayNet) will reportedly be taking part in Project Nexus by working cooperatively with various partners on a proof-of-concept (PoC) to enhance the cost and speed of performing international payments. Project Nexus will aim to look into the… Read More

November 14, 2021 @ 7:06 pm By Omar Faridi  |  

Lista, a bookkeeping app for small businesses operating in the Philippines, has secured an undisclosed amount of funding via an oversubscribed round that included contributions from 1982 Ventures, East Ventures, Saison Capital, Alternate Ventures, and various angel investors. The angel investors reportedly include ex- Grab… Read More

November 13, 2021 @ 10:37 am By Omar Faridi  |  

Standard Chartered (LON: STAN) has reportedy tapped the SAP Multi-Bank Connectivity solution and has also joined as a member bank, “aiming to offer an enhanced experience to corporate clients in meeting their transactional banking needs, simplifying the onboarding process, and delivering both traditional and new… Read More

November 8, 2021 @ 8:15 pm By Omar Faridi  |  

DataBP, the market data administration platform and service provider for exchanges, index and data providers, has announced that it is teaming up with the Singapore Exchange (SGX). SGX is reportedly joining a community of exchanges that will be leveraging DataBP’s platform and managed services to… Read More

November 8, 2021 @ 10:36 am By JD Alois  |  

Insurtech Igloo has partnered with HD to provide health-related micro-insurance products via the HDmall healthcare marketplace platform in Thailand. Muang Thai Insurance (MTI), a non-life insurance company, will be underwriting the health insurance products such as cancer and mobile syndrome insurance, and more, according to… Read More

November 7, 2021 @ 11:51 pm By Omar Faridi  |  

Krungsri (Bank of Ayudhya (PCL), one of Thailand’s biggest banks, has teamed up with global payments platform Nium in order to streamline their international transfer offerings for corporate and individual Krungsri clients. The partnership comes as research reveals that 82% of consumers in Thailand have… Read More

November 7, 2021 @ 10:52 pm By Omar Faridi  |  

Fintech app Plentina, a Buy-Now-Pay-Later (BNPL) platform for consumers residing in the Philippines, has reportedly teamed up with Shopee. Residents of the Philippines are able to download the Plentina app and acquire loans for vouchers to buy products via the Shopee app. Plentina’s management noted… Read More

November 7, 2021 @ 1:21 pm By Omar Faridi  |  

Croatian P2P lender Robo.cash has shared the performance of its loan originators for Q3 2021. The Robo.cash team writes in a blog post, dated November 2, 2021, that today, they’re updating clients on the results of the Robo.cash loan originators in Q3. UnaPay, the Philippines… Read More

November 5, 2021 @ 8:28 pm By Omar Faridi  |  

Mynt, the Philippines-based digital financial solutions provider and the firm behind the GCash payment services app, has secured more than $300 million in capital, valuing Mynt at more than $2 billion. As mentioned in a release, this solidifies the firm’s status as the Philippines‘ only… Read More

November 4, 2021 @ 10:23 pm By Omar Faridi  |  

Kenanga Investors Bhd has confirmed the launch of the Kenanga Sustainability Series: Frontier Fund. The fund will reportedly focus on making investments in equity securities of international firms that exhibit long-term sustainable growth potential, are getting ready for initial public offerings (IPOs), and have created… Read More

November 4, 2021 @ 10:20 pm By Omar Faridi  |  

Thailand’s Siam Commercial Bank (BKK: SCB) revealed that it has acquired a 51% controlling interest in crypto exchange Bitkub for $537 million. As mentioned in the announcement, the acquisition has been finalized with assistance from SCBX. The details were confirmed in October 2021 and Bitkub… Read More

November 4, 2021 @ 9:20 pm By Tony Zerucha  |  

Lynx Global has partnered with cryptoasset custody and trading solutions provider Copper.co to improve financial inclusion to the underserved population in Southeast Asia. The process begins with the digital hotbed of the Philippines. Under this association, Copper.co will provide custody and complete institutional cryptoasset trading… Read More

November 3, 2021 @ 9:05 pm By Omar Faridi  |  

Shopping and rewards platform ShopBack announced on November 2, 2021 that it has obtained consent from shareholders of hoolah, a Buy Now, Now Later (BNPL) platform, for a 100% acquisition of the firm by ShopBack. hoolah, combined with ShopBack’s position as the publisher and shopping… Read More

November 3, 2021 @ 6:02 pm By Omar Faridi  |  

International provider of Cloud-enabled data automation and reconciliation services, Duco, confirms that digital currency platform, Coinhako, has adopted Duco’s services in order to automate and control its data management, supporting the firm’s growth objectives. Established in 2014, Coinhako is a platform for access to digital… Read More

November 2, 2021 @ 11:23 pm By Omar Faridi  |  

Singapore-headquartered payments platform FOMO Pay has entered into a partnership with Merkle Science, a predictive blockchain monitoring and investigative platform, in order to improve its compliance, risk management and threat detection processes. Last month, FOMO Pay had been issued the Digital Payment Token (DPT) Service… Read More