Most digital banks are not profitable, Simon-Kucher study shows
Simon-Kucher said Thursday that it estimates there are currently close to 400 neobanks around the world, together serving nearly one billion client accounts. However, despite…
Indonesian agritech startup Eratani gets $1.6M fresh funding led by Trihill Capital
Eratani, an Indonesia-based agri-tech start-up company, said Thursday it has officially received initial funding of 23 billion Rupiah ($1.6 million) from 29 investors led by…
Climate financing: A failure of current systems of accountability?
As we seek better and tighter structures to dish out climate finance, there is increasing rhetoric on both the good and bad that blockchain technology brings. It is up to us as…
Allianz Insurance Singapore expands its digital capabilities with Fermion’s SaaS claims platform and enters the Singapore Motor Insurance ecosystem
The digital claims platform helps deliver a better customer experience and enables the insurer to attain robust claims management and cost control capabilities.
NEA leads $70M Series C round in Indonesian social commerce platform Super
Super, an Indonesia-based social commerce platform serving tier-2 and tier-3 cities and Indonesian rural areas, announced Thursday that it has completed a $70 million…
India’s Gupshup acquires omnichannel customer service platform OneDirect for global businesses
Gupshup, an India-based conversational engagement firm, announced Thursday the acquisition of OneDirect, the omnichannel, artificial intelligence (AI)-enabled customer service…
Malaysia’s home services platform Kaodim to cease operations next month
The prolonged COVID lockdowns and their “knock on” effects in the form of operational disruptions, labor shortages and higher running costs have significantly impacted its…
Binance Labs closes $500M investment fund to boost blockchain, Web3, and value-building technologies
Binance Labs, the venture capital and incubation arm of Binance, announced Wednesday the closing of a new $500 million investment fund with support from leading global…
Singapore FinTech firm HitPay raises $15.75M Series A funding led by Tiger Global
HitPay, a Singapore-based one-stop payments platform for small and medium-sized businesses, announced Tuesday its $15.75 million Series A funding round led by Tiger Global and…
500 Global, Taiwan Tech Arena join forces again to fuel early-stage startup growth on a global scale
500 Global, a United States-based venture capital firm and Taiwan Tech Arena, a deep tech startup ecosystem-building program, have renewed their partnership to bring back 500…
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