FinTech
Omise targets to triple transactional processing volume in Malaysia as it launches operations in the country
Businesses operating online in Malaysia now have access to the full strength of Omise’s modern payment gateway to accept payments securely, manage transactions, send payouts, and expand operations regionally to capture more sales and grow revenue. Meanwhile, businesses using Omise in Thailand, Japan, and Singapore can seamlessly expand their business and…
India FinTech SaaS firm Clear raises $75M Series C to accelerate B2B and international expansion
The funds will be used to accelerate Clear’s expansion into Business to Business (B2B) credit and payments plus expansion into international markets.
Stripe to buy India-based payments reconciliation software provider Recko
Stripe has entered into an agreement to acquire Recko to help its internet businesses automate payments reconciliation.
The future of banking: Immersive banking – the holy grail (part 3 of 3)
In this new paradigm, key services such as deposit-taking service, asset-custodian, insurance, lending services, risk management, and the offer of securities, etc. will be redistributed between different tech layers and service providers. New capabilities, such as smart contract audit or underwriting (for non-crypto assets) could also be created along the…
Grab expands merchant services for SMEs across Southeast Asia
This is in line with Grab Financial Group’s move to be more merchant-centric in its offerings and support its merchants’ business growth across the region.
ASX-listed Novatti acquires Malaysia FinTech firm ATX Group for up to $7.4M
The acquisition enables Novatti to scale existing ATX businesses while looking to introduce additional Novatti services to the Malaysian market, such as billing.
Singapore-headquartered trading app MarketWolf secures $5.5M Seed funding
MarketWolf had raised $1.7 million during its angel round and has raised a total of $7.2 million to date. This fresh funding will be utilized to build new products, expand the user base and attract top talent
Bezos-backed Ula to scale up ‘pay later’ options for underserved small retailers in Indonesia
Indonesia’s retail market is estimated to be around $300 billion, of which 70-80 percent is traditional retail--with this market growing 8 percent year on year, the potential is enormous.
Standard Chartered to provide $500M financing to BNPL firm Atome for its expansion
This funding will enable Atome Financial to grow and connect a wider ecosystem of merchants to a larger customer base, improving product access and financial inclusion for consumers across the region.
Credit Suisse recognizes AirAsia Digital as tech unicorn alongside Carsome, Axiata’s Edotco
AirAsia Digital is valued at around $1 billion based on all-share transaction in July 2021, as reported by the company, Credit Suisse said in the report dated Oct 5.
