Author: TechNode Global Staff

Khyaal, an Indian app for senior citizens, has raised $4.2 million in a seed funding round. The round was co-led by 62Ventures, SVQuad, and Inventus Capital. Glen Tullman, Kanwal Rekhi, Raju Reddy, and Raj-Ann Gill, were also among the distinguished entrepreneurs and investors who participated in this round.

Singapore's fintech sector has witnessed an extraordinary surge in funding for artificial intelligence (AI) technologies, despite a global downturn in fintech investments, KPMG said Tuesday. The AI fintech funding in Singapore skyrocketed to an impressive $333.13 million in the second half of 2023, marking a significant 77 percent increase from the $148.08…

Malaysia Venture Capital Management Berhad (MAVCAP), has appointed Ter Leong Yap as its new Chairman, effective December 15, 2023. Ter joins its family with a wealth of experience through his current roles as the Founder and Executive Chairman, Sunsuria Group.

It was a challenging year for fintech investment in theAsia Pacific (ASPAC) region, as it sees its fintech investment fall more than 75 percent, KPMG said Tuesday. According to its Pulse of Fintech report, the region saw $10.8 billion in investment across 882 deals in 2023, compared to $51.3 billion across 1,537 deals in 2022.

Indian live commerce software as a service (SaaS) Swirl has raised $1.1 million in a seed round led by Shastra VC and other renowned Angel Investors. The round also saw participation from accomplished angel investors spanning India, Middle East, and United States.

Japanese information technology firm Reazon Holdings has announced the successful closing of its investment in VGrowth Development Co. Ltd. (Validus Vietnam), which is the Vietnamese subsidiary of Validus Investment Holdings Pte. Ltd. (Validus Group).

Nium, the Singapore-based real-time global payments firm, has received in principle approval from the Reserve Bank of India for two prestigious payment licenses – the Prepaid Payment Instrument (PPI) License and the Payment Aggregator (PA) License.

To help increase access to finance for smaller businesses in Nepal, including women-owned firms, and foster climate-friendly projects, International Finance Corporation (IFC) is investing $56 million in Global IME Bank Limited (GIBL), the largest commercial bank in the country.

Pyxis, a maritime electrification startup headquartered in Singapore, has raised SGD 4.5 million ($3.35m) in its seed funding round co-led by maritime innovation focused fund Motion Ventures and impact fund Shift4Good.

Asia United Bank (AUB), a publicly listed banks in the Philippines, has partnered with Alipay+, a China-based cross-border mobile payments and marketing platform by Ant International, to enable scan-to-pay feature for cross-border payments in South Korea, Malaysia, Hong Kong.