FinTech

Ant International, a Singapore-headquartered digital payment and financial technology firm, has announced that it will establish a new digital business center in Malaysia, with a focus on tapping local tech talent to drive its global businesses.

Seedflex Technologies (Seedflex), a Singapore-based fintech company, has raised seed funding from 500 Global to launch its proprietary shariah-compliant digital financing solution “Pay-As-You-Sell Advance™” (PAYS Advance) across Southeast Asia, starting first in Malaysia.

Tencent-backed Primer, the unified infrastructure for global payments and commerce, has on Tuesday announced it's on track for 200 percent year-on-year revenue growth, as demand for unified payments continues to grow worldwide.

The Southeast Asia (SEA) finTech sector secured funding worth $530 million in the first quarter of 2024, a 13 percent lower than the $607 million raised in the corresponding quarter last year, Tracxn said in a a report on Tuesday.

9Basil Group, a Thailand-based alternative investments firm, has on Thursday announced its acquisition of AlteriQ Global (AlteriQ), a boutique Asia-Pacific private credit platform based in Singapore.

Metalpha Technology Holding Limited, a Hong Kong-based digital asset-focused wealth management company, together with global chips provider Algos Electronics Corp., have established NOWLIT FinTech Solutions Corp.

Chinese fintech firm Ant Group, along with 11 overseas payment partners of Alipay+ and major international card organizations, have launched in Beijing a nation-wide Program to build International Consumer Friendly Zones across major Chinese tourist and commercial cities, with the support of relevant authorities and local governments.

Japanese Fintech leader Smartpay was oversubscribed in raising $7 million in pre series A round led by Japanese technology investor SMBC Venture Capital.

TerraPay, a global money movement company based in the United Kingdom, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS).

Brunei Darussalam Central Bank (BDCB) and Bank of the Lao PDR (BOL) have officially joined the Regional Payment Connectivity (RPC) after previously expressing their interest in joining the initiative, the Monetary Authority of Singapore (MAS) said Wednesday.