FinTech

Grab financial arm Grab Financial Group (GFG) Malaysia and Sedania Innovator Bhd’s fintech subsidiary Sedania As Salam Capital Sdn Bhd (SASC) announced Friday they are partnering to officially offer Grab Cash Financing-i, a Shariah compliant* financing product, to eligible Grab driver- and delivery-partners in Malaysia. Grab Cash Financing-i aims to provide…

Airwallex, announced Thursday its partnership with Choco Up to support the future growth of cross-border ecommerce. By combining Airwallex’s proprietary global payments infrastructure with Choco Up’s flexible recurring funding solutions, the partnership enables a comprehensive and integrated finance solution for e-commerce companies across Asia.

Wagely has raised $8.3 million in an oversubscribed pre-series A funding as the company scales its platform to help workers access their earned salaries on demand in Indonesia and Bangladesh. The funding comes in just seven months after the company securing its seed funding. The oversubscribed round was led by East Ventures (Growth Fund) with participation…

Malaysia Aviation Group (MAG) announced Tuesday a regional partnership with hoolah to provide a seamless and convenient payment option for travellers. Through this collaboration, travellers in Malaysia, Singapore and soon Hong Kong, can now book their getaway with MAG’s main airline, Malaysia Airlines online and pay for their flights via hoolah’s flexible…

Two super apps Vietnam's MoMo and Indonesia's Gojek, announced Monday a strategic partnership, which will see MoMo become the first e-wallet to be integrated in the Gojek app in Vietnam. Gojek and MoMo will combine the technological strengths and wide-reaching ecosystems of the two platforms, aiming to accelerate the use of cashless payments and provide a…

MUFG Bank plans to invest $300 million in Indian startups through the new MUFG Ganesha Fund. Through this fund, MUFG Bank will invest in middle- to late-stage Indian startups. In the future, the bank will aim to leverage its group strengths to provide a wide range of financial services to its portfolio companies.

Cake DeFi has launched Cake DeFi Ventures (CDV), its venture capital arm with $100 million in earmarked capital. CDV is looking to invest in technology startups in Web3, gaming and fintech – especially those in the metaverse, non-fungible token (NFT), blockchain and esports industries, that will bring synergistic value to Cake DeFi’s core business.

Funding Societies has selected banking-as-a-service (BaaS) provider MatchMove to offer virtual card solutions to their micro, small, and medium-size enterprises (MSME) clients in addition to their approved loans at affordable interest rates. This partnership would solve the growing need for MSMEs to manage their digital business expenses.

"Ultimately, the benefits of technology to businesses boil down to two simple things: optimized operational processes and a better, more personalized customer experience."

Malaysia-based ethical investment and social finance platform operator Ethis Group said Monday it will be launching EthisX as part of its global expansion plan. Approved by the Capital Market Authority (CMA) – the Sultanate of Oman’s regulator and supervisor of the capital market and insurance sector – EthisX is managed by Ethis Investment Platform LLC…