FinTech
Australian FinTech firm Zeller doubles valuation to over $1B with $100M raise
Zeller has raised $100 million in Series B round at a valuation worth of $1 billion.The Series B, which saw Zeller more than double its valuation, was led by US-based Headline, with additional funds contributed by Australian industry superannuation fund Hostplus. Previous investors, including Square Peg, Addition, and Spark Capital, also returned to…
Saigon Asset Management invests in Vietnamese FinTech firm Anfin
Anfin Company Limited announced Thursday the signing of an investment and strategic partnership agreement with Saigon Asset Management (SAM), which will see SAM becoming an equity investor into Anfin as well as a strategic partner. Following this agreement, both firms will collaborate to leverage SAM’s diverse portfolio of investment funds to expand assets…
Singapore’s Funding Societies unveils virtual card Elevate, addressing 80 percent MSME corporate credit card gap
Funding Societies has launched Elevate, a virtual card solution for micro, small and medium enterprises (MSMEs) in Singapore. The card is available on a credit line on the FinTech platform’s website and mobile app, and entitles qualified MSMEs to interest free credit for a period of up to 55 days.
Binance & Cuscapi Bhd take strategic stakes in Malaysia FinTech firm MX Global
MX Global Sdn. Bhd announced Tuesday an equity investment into the company from Binance. It also landed another investment for Redeemable Convertible Preference Shares (RCPS) into the company by Cuscapi Berhad. These new capital injections will allow MX Global, a licensed fintech company, to build brand awareness, hire more high-quality talent and develop…
Singapore FinTech firm Volopay raises $29M for APAC and MENA expansion
Volopay has successfully raised $29 million in its Series A round through a mix of equity and debt. The investment round included participation from JAM Fund, Winklevoss Capital Management, Rapyd Ventures, Accial Capital, fintech veteran and angel investor Jeffrey Cruttenden (Chief Executive Officer of Acorns) along with Access Ventures, Antler Global, and…
Indian neobank platform Niyo nets $100M in Series C round led by Accel and Lightrock
Niyo has raised $100 million in its Series C round of funding led by Accel and Lightrock India. Beams Fintech Fund and its existing investors Prime Venture Partners, JS Capital are also participating in this round along with others. The company will be using the funds to accelerate its mission to transform banking in India, and to provide convenient and…
Fave launches Southeast Asia tech hub in Kuala Lumpur, Malaysia
Fave has launched tech hub in Kuala Lumpur, Malaysia. As a part of Fave’s efforts in evolving the fintech landscape, the new tech hub will serve as a platform to groom top class engineering talents and drive digital innovation in Southeast Asia.
Visa and VNPAY enter strategic partnership to drive digital payments in Vietnam
Visa has entered a strategic partnership with VNPAY to enhance the digital payments experience in Vietnam. Together, they will make cashless payment more accessible in Vietnam through expanding and strengthening the fintech company's affiliate network of accepting merchants, as well as rolling out new services including Visa’s Tap to Phone acceptance…
Pakistan FinTech firm NayaPay secures $13M led by Zayn Capital, MSA Novo and Graph Ventures
NayaPay has raised $13 million in one of the largest seed rounds in South Asia. Bringing together a diverse mix of leading global institutional and angel investors, the round was led by Zayn Capital, MSA Novo and Graph Ventures. Saison Capital, Maple Leaf Capital and Warren Hogarth, also participated in the round, alongside a major investment from the…
Singapore FinTech firm Thunes expands further into Latin America
Thunes is speeding up its global expansion with the setting up of a regional hub in Miami to expand into new Latin American markets. This development follows the company’s recent announcement ramping up its presence in Greater China.
