FinTech

Indonesian conglomerates CT Corp, Salim Group, e-commerce marketplace Bukalapak, ride-hailling firm Grab, used car marketplace Carro, and private equity firm Growtheum Capital Partners have jointly participated in the rights issue of Bank Allo to accelerate the expansion of credit services across Indonesia. Bank Allo is a fully licensed bank offering…

Timo has raised $20 million fresh funding led by Square Peg. .Other participants are Jungle Ventures, Granite Oak, FinAccel, Phoenix Holdings (existing investor) and other super angels.

Brankas announced the close of its $20 million Series B investment round led by Insignia Ventures Partners, Visa, AFG Partners and Treasury International. Its existing investors Beenext and Integra Partners also joined the round, Brankas. With this round, Brankas aims to scale its network of more than 40 financial institutions and 100+ technology companies,…

Anfin has raised $1.2 million in a seed round led by Goodwater Capital and Global Founders Capital (GFC). New investor XA Network as well as existing investor First Check Ventures also joined the round . The fresh injection will be channelled into doubling down efforts to further develop Anfin’s platform to provide its retail investors real-time fractional…

Down to the fundamentals, the best strategy is to first understand what you want to achieve from crypto. After clarifying what your goals are, finding which strategy works best is easier to accomplish.

Almond Finance has closed a seed funding round of $2 million. The fundraising, led by Morningside Group, will drive hiring, product development and compliance requirements for multiple markets.

Following the acquisition, the combined SWAG and GEKO group plan to hold a pre-Series A funding round, with a combined entity value of $25 million in early 2022.

The company will also expand and strengthen its services in tier 2 and tier 3 cities as well as rural areas.

CapBay, a Malaysian multi-bank supply chain finance and peer-to-peer financing (P2P) platform, has secured MYR30 million ($7.1 million) investment from Kenanga Capital Islamic Sdn Bhd (KCI), a subsidiary of Kenanga Investment Bank Berhad (KIBB). The investment is a step forward to growing CapBay’s Shariah-compliant Supply Chain Finance arm, CapBay Islamic,…

GoTo Group has picked PT Mandiri Sekuritas and PT Indo Premier Sekuritas as underwriters for a local IPO that could happen as soon as next quarter, Bloomberg reported.