FinTech
Indonesia’s Mapan secures $15M Series A funding co-led by Patamar Capital and PT Astra Digital Internasional
Mapan, an Indonesia-based FinTech startup, announced Tuesday it has closed a successful Series A round of $15 million co-led by Patamar Capital and PT Astra Digital Internasional, a subsidiary of PT Astra International Tbk (Astra). The round also saw participation from Indonesian giants BRI Ventures, SMDV, Blibli, Prasetia Dwidharma, and global venture…
Unlimint powers direct in-app purchases for Telegram
With the integration, Unlimint’s clients will be able to use the fintech’s solution straight from the messenger as well as their website or app, creating a seamless experience for end-users.
Franklin Templeton launches first Asian FinTech incubator in Singapore
Franklin Templeton, one of the world’s largest independent asset managers, on Tuesday officially opened its first Asian FinTech incubator in the heart of Singapore. The new Franklin Templeton Singapore FinTech Incubator is a joint incubation program for early-stage FinTech startups in partnership with F10 Global Innovation Network Singapore Pte. Ltd.……
Funding Societies acquires CardUp to drive payments expansion
Funding Societies, Southeast Asia's largest Small and Medium Enterprises (SME) digital financing platform, announced Wednesday that it is acquiring regional payments solution CardUp, for an undisclosed amount. CardUp's payment services will complement its lending products, to offer a unified financial experience for small and medium-sized enterprises (SMEs)…
India’s Progcap raises $40M from Creation Investments, Tiger Global and Google
Progcap, a pioneer in corporate-led financing solutions for small and mid-size businesses (SMBs) in India, said Tuesday it has raised $40 million in private equity capital at $600 million valuation as part of its Series C extension, taking the total Series C round to $70 million. The funding was led by Creation Investments and Tiger Global Management, with…
2C2P and Ikano Retail extend online localized payments for IKEA in Singapore, Malaysia, Philippines, Thailand
Global payments platform 2C2P announced on Tuesday that they had been appointed by IKEA franchisee Ikano Retail as its official payments partner to create a seamless and localised online payment experience for IKEA customers in Singapore, Malaysia, the Philippines, and Thailand.
Singapore’s ShopBack raises $80M Series F investment led by Asia Partners
ShopBack, a Singapore-based shopping and rewards platform, announced Friday that it has raised $80 million of new capital in a funding round led by Asia Partners. The raise is to support the group’s vision to build the leading shopping and rewards platform across the Asia Pacific region, ShopBack said in a statement. Existing investor January Capital also…
ADDX partners China Construction Bank on $200M allocation under China’s offshore investment scheme
Singapore's private market exchange ADDX and China Construction Bank (Chongqing and Singapore branches) have entered a partnership to help domestic investors in China participate in the country’s official offshore investment scheme. The financial institutions announced on Thursday the signing of a memorandum of understanding (MOU) that paves the way for…
Singapore’s Helicap raises $5M from Tikehau Capital and PhillipCapital
Helicap, a Singapore-based FinTech platform, said Wednesday it has raised $5 million in a strategic funding round from two global asset management powerhouses. The round was led by Temasek-backed international alternative asset management group Tikehau Capital, and integrated Asian financial house PhillipCapital, each with over $35 billion in Assets Under…
Vietnam’s Finhay raises $25M Series B co-led by Openspace Ventures and VIG
Finhay, Vietnam-based digital investment platform, said Wednesday it has secured a $25 million Series B round co-led by Openspace Ventures and VIG, along with Insignia, TVS, Headline, TNBAura and IVC.
