FinTech
Indonesia’s Xendit makes strategic investment in Bank Sahabat Sampoerna
Xendit, an Indonesia-based financial technology company that provides payment solutions, said Thursday it has made a strategic investment in Bank Sahabat Sampoerna, an Indonesian private bank that focuses on micro, small and medium-sized enterprise (SME) businesses, as well as banking-as-a-service for technology-enabled businesses.
Hong Kong’s FundPark secures $250M debt facility with Goldman Sachs as senior facility provider
FundPark, a Hong Kong-based eCommerce liquidity solution and technology provider, announced Wednesday the closing of an asset-backed securitization (ABS) facility of up to $250 million with Goldman Sachs as senior facility provider. Through this ABS facility, FundPark proprietary platform will serve to bridge the working capital finance needs of small to…
Singapore’s TechCreate and Diginius to merge and combine into an integrated FinTech enterprise
TechCreate Solutions Private Limited (TechCreate), a Singapore-based technology services group specialising in digital payment and digitalisation solutions, and Diginius Pte. Ltd. (Diginius), a provider for information technology (IT) security and infrastructure solutions, on Tuesday announced a merger between both companies via a share swap transaction…
Singapore FinTech platform Recur Club raises $30M seed round led by InfoEdge Ventures and Village Global
Recur Club, a Singapore-based FinTech platform facilitating non-dilutive growth capital for companies with recurring revenues, said Tuesday it has closed its $30 million seed funding round, as a combination of equity and debt allocation. The funding round was led by InfoEdge Ventures and Village Global, with financing for the platform from marquee…
Singapore FinTech startup Doxa secures $2M in pre-series A round
Doxa Holdings International Pte. Ltd. (Doxa), a Singapore-based fintech startup, said Monday it has successfully concluded its S$3 million ($2.21 million) pre-series A funding round from financial institutions including venture capitals, public listed and logistics corporations. Doxa plans to use the incoming funds to accelerate its traction in the built…
India’s Pine Labs makes significant investment in Mosambee, boosting latter’s valuation to $100M
India-based merchant commerce platform Pine Labs announced Wednesday that it has made a significant majority investment into Mosambee, a end-to-end payment solution provider in India. This investment will now value Mosambee at upwards of $100 million.
DBS/POSB partners Singaporean government to offer digital payment in schools
Singapore financial services group DBS/POSB and the Ministry of Education (MOE) in Singapore announced Wednesday a three-year Memorandum of Understanding (MOU) to widen the access to contactless and digital payments, in all junior colleges/Millennia Institute, secondary and primary schools in Singapore. The three-year MOU will expand the POSB Smart Buddy…
FOMO Pay unveils first cryptocurrency payment solution for retailers in Singapore
Singapore-based FinTech firm FOMO Pay said Wednesday it has rolled out a new cryptocurrency (crypto) payment solution for retailers in Singapore, which allowed them to accept digital payment tokens (DPT). The new payment method targetted at retailers is the first such to be developed by a DPT licensee in Singapore.
Indonesian digital lender JULO secures $80M from Credit Saison
JULO, an Indonesia-based FinTech firm, said Wednesday it has secured $80 million funding from Credit Saison, a Japanese financial services company affiliated to Mizuho Financial Group. This funding includes a mix of $30 million equity and $50 million debt fully funded by Credit Saison.
Malaysia-listed MYEG’s Zetrix blockchain to launch mainnet
Zetrix is the international extension of Xinghuo BIF, China’s largest national-level blockchain network supported by all levels of the Chinese government and running both governmental and commercial applications.
