Tagged: southeast asia

SoftBank Turns SE’s Auto Marketplace Carro into Unicorn with $360 Million Funding

South-East Asia’s largest automotive marketplace Carro is the newest Unicorn in the region. A full-stack service for all aspects of car ownership, Carro has raised USD $360 million in a Series C funding round led by SoftBank Vision Fund.  Indonesian fund EV Growth and insurance… Read More

Nomura has Chosen Refinitv, a Financial Market Solution Provider, to Support Wealth Management in Singapore, Hong Kong

Nomura has reportedly chosen Refintiv, a multinational provider of financial market data and infrastructure, in order to leverage the Fintech firm’s wealth management solutions across Hong Kong and Singapore. The Refinitiv Workspace for Wealth Advisors will be used as the main platform to provide up-to-date… Read More

Digital Asset and Fintech focused BC Technology Group Receives $70M Investment from Singapore Sovereign Wealth Fund

BC Technology Group, a digital asset and Fintech-focused firm as well as the parent of OSL, has acquired a $70 million (appr. HKD 543.19 million) investment from Singapore’s GIC, the city-state’s sovereign wealth fund. BC Technology Group says it’s planning to further develop and improve… Read More

Digital Money Firm Merchantrade Asia Partners LintraMax to Offer Digitized Payroll to Malaysian Plantation Workers

Earlier this week, Merchantrade Asia, a digital money services business operator and e-money issuer, teamed up with palm plantation management services provider LintraMax in order to digitize the payroll system for underserved plantations workers in Malaysia. Through the partnership, Merchantrade Asia and LintraMax plan to… Read More

Insurtech: Malaysia’s myTukar, a Car Purchasing, Selling Service Partners PolicyStreet.com to Offer Insurance for Pre-Owned Cars

Malaysia-based myTukar, a pre-owned car purchasing and selling platform, has teamed up with Insurtech company PolicyStreet.com in order to provide insurance policies for pre-owned automobile purchases. Through the partnership, myTukar’s wholesale and retail clients may get timely insurance quotations along with convenient access to most… Read More

Digital Banking: Line Introduces Virtual Bank Platform via Partnership with PT Bank KEB Hana Indonesia

Line has reportedly introduced its third digital banking platform in Southeast Asia through a partnership with PT Bank KEB Hana Indonesia. The introduction of the smartphone-only bank in Indonesia has come after similar launches in Taiwan and Thailand. The partnership between Line and Hana Bank… Read More

Chamber of Digital Commerce Welcomes Zilliqa and Newly Formed Zilliqa Capital as New Members

Singapore-based Zilliqa Research Pte. Ltd., the “high” security, high speed, and low fee Layer 1 blockchain protocol firm, and its sister company Zilliqa Capital Pte. Ltd, the tech firm whose goal is to become the “central business and investment hub” for Zilliqa, recently announced that… Read More

GrabPay, the In-App Digital Wallet of Super App Grab, Introduces DuitNow QR Feature in Malaysia

GrabPay, the in-app wallet of Super app Grab, recently announced that it has introduced the GrabPay DuitNow QR feature across Malaysia. The GrabPay digital wallet was reportedly the first in Malaysia to sign-up with PayNet and offer this feature which is now available across the… Read More

Southeast Asia’s Funding Societies, an Online Capital Formation Platform, Partners with Foodpanda, Helps Disburse RM1 Million in Financing

Southeast Asia-based Funding Societies, an established digital financing platform, has teamed up with Foodpanda in order to provide short-term online financing services for registered merchants (via Foodpanda’s network). Through the partnership, the companies have collectively disbursed RM1 million (appr. $240,000) in financing, which enables local… Read More

Singapore Fintech BondEvalue Acquires $6M via Series A from Citigroup, MassMutual Ventures SE Asia, Others

Singapore-headquartered Fintech firm BondEvalue has secured $6 million in capital through its Series A round. The company has raised $10 million in total (to date). MassMutual Ventures Southeast Asia and Citigroup were the new investors in BondEvalue’s latest investment round and are now expected to… Read More

E-Signatures: Singapore’s UOB Is Piloting Government Technology Agency or GovTech Sign with Singpass

Singapore‘s United Overseas Bank (UOB), a multinational banking organization with branches mostly based in Southeast Asian countries, has announced that it’s piloting the use of Government Technology Agency’s (GovTech) “Sign with Singpass” where a client’s digital signature is used to complete transactions or access product… Read More

Digital Banking: Philippines based Tonik Acquires Virtual Bank License from Bangko Sentral ng Pilipinas

Philippines-based virtual bank Tonik recently revealed that it has managed to acquire a digital banking license from the Bangko Sentral ng Pilipinas (BSP), the nation’s central bank. Before receiving this license, Tonik had been offering services under a rural banking license (since 2019). BSP has… Read More

Supply Chain Fintech Stemly, Incubated by ING Labs, Now Operating Independently with $2.5M Investment

Stemly, a supply chain inventory management and finance firm that was incubated by ING Labs in Singapore, has decided to now operate as a separate, independent initiative. VC fund Elev8, ING Ventures and EDB New Ventures, the corporate venture building division of EDB, along with… Read More

BaaS Fintech Netbank Launches in Philippines, Platform Is Fully Regulated with Rural Banking License

Earlier this week, Philippines-based Netbank, a banking as a service (BaaS) platform, went live in the Southeast Asian country. Netbank has reportedly been developed by an experienced team of international and local banking professionals. Like the country’s digital bank Tonik, Netbank is a fully regulated banking… Read More

Financial Inclusion Super App DiskarTech Is Being Widely-Used in Philippines for Social Aid Disbursement, Payments

Rizal Commercial Banking Corporation’s (RCBC) in the Philippines has revealed that its financial inclusion super app DiskarTech has been used widely as a disbursement platform for social aid, loans proceeds, dividends, and for making virtual payments. Since the community quarantines began (following the COVID-19 outbreak)… Read More

Equity Crowdfunding Platform Ata Plus in Malaysia Appoints Karen Puah as COO

Ata Plus, an equity crowdfunding platform and Recognized Market Operator (RMO) that has been registered with the Securities Commission Malaysia, recently revealed that it has appointed Karen Puah to serve as its Chief Operating Officer. Ata Plus is a blockchain enhanced Equity Crowdfunding online platform,… Read More

Securities Commission Malaysia and UN Capital Dev Fund to Support Islamic Fintech Innovation with Accelerator

Earlier this week, the Securities Commission Malaysia (SC) and the United Nations Capital Development Fund (UNCDF), through its Center for Financial Health program, introduced an accelerator to support the Islamic Fintech innovation ecosystem in the Southeast Asian country. The program, known as the FIKRA Islamic… Read More

Indonesia’s BRI Argo Partners Fintech PayFazz to Expand Digital Banking Services

PT. Bank Rakyat Indonesia Agroniaga (BRI Agro) has teamed up with local agent-based Fintech firm Payfazz. Using the API of its digital lending app Pinang, BRI Agro’s online savings and lending solutions will be offered to 250,000+ Payfazz agents. Agents can provide the same service… Read More

Financial Technology Firms UP Fintech, Sea, Huobi, Razer Added to MSCI Global Index

Financial technology companies UP Fintech (NASDAQ:TIGR), an Asian online brokerage firm focusing on global investors; Sea, a digital commerce business; Huobi Technology, a blockchain-focused company; and Razer, a multinational gaming and financial services provider, were among the firms that have been added to the MSCI global indexes… Read More

Croatia’s P2P Lending Marketplace Robo.cash Is Preparing for $5M Bond Placement in Singapore

Croatia’s Robo.cash, a peer-to-peer lending marketplace, reveals that its parent holding company, the Robocash Group, is getting ready for a $5 million bond placement in the coming days. As noted in an update, dated May 27, 2021, by Robo.cash, the Group intends to issue bonds… Read More

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