FinTech
Bank Negara Malaysia working with ‘relevant authorities’ to address concerns over BNPL
It is important for individuals to understand the terms and conditions of the BNPL schemes, and to not take debt that they cannot afford, the regulator warned.
Singapore-based Funding Societies raises $18M in debt, on track to raise $120M
It is on track to raise $120 million in institutional debt for funding the growth needs of MSMEs in Southeast Asia.
Atome partners Softbank-backed travel tech firm Klook to expand BNPL services
The partnership will start in Singapore before rolling out to Hong Kong, Malaysia, and the Philippines in the coming months.
UOB, SGX-backed ADDX collaborate on $36.8M sustainability-linked digital bond
UOB was appointed as a joint lead manager for the S$675-million ($496.56 million) sustainability-linked bond issued by Sembcorp, through its wholly-owned subsidiary Sembcorp Financial Services. The bank partnered with ADDX to custodise and manage a S$50-million ($36.78 million) portion of the bond.
Singapore-based Qapita raises $15M Series A co-led by East Ventures & Vulcan Capital
Qapita plans to add more products to its platform that will not only provide solutions for private companies and startups but also to investors, shareholders and employees.
The future of banking: An open and programmable money infrastructure (part 2 of 3)
As we can see, the old banking world and the new blockchain-based money world are converging towards a common direction: a digitally open and easy programmable money infrastructure.
Online brokerage Ajaib becomes Indonesia’s latest unicorn after raising $153M Series B round
The Jakarta-based startup has reached a valuation of $1 billion after raising $153 million in a financing round led by DST Global.
Grab to increase stakes in Indonesia-based e-wallet OVO to 90% – report
Grab has increased its holding in Ovo's parent company PT Bumi Cakrawala Perkasa from about 39 percent.
Malaysia-based PayHalal partners Atome to offer ‘Shariah-compliant’ BNPL options in Malaysia, Indonesia
The partnership further enhances the shopping and payment experience of shoppers and supports Muslim retailers and businesses with increased sales amid the pandemic.
Improving the financial literacy of Singapore’s migrant workers
Much of our economy and society is built on the backs of migrant workers. They are equally valuable members of our community and deserve to be treated fairly. The first step to addressing economic and social inequality is to help them improve financial literacy, which will enable them to make more informed choices and open up access to essential financial…
