FinTech

Anti-Money Laundering guidance for FinTech

Though it’s true that FinTech has made our lives much more convenient, it’s also true that the delay in its maturity can and has led to its exploitation. And with the adoption and promotion of cryptocurrency by an increasing number of businesses, Bitcoin and altcoins (cryptocurrencies other than Bitcoin) have become the hottest new vessel for criminals to…

Indonesian P2P FinTech startup Amartha secures $28M investment led by Women’s World Banking fund

The company plans to use the investment to continue empowering rural Indonesian women with proper working capital and further develop its products and offerings. 

Why DeFi is disrupting the lending landscape

Decentralized lending has many advantages over bank-based lending, all of which result in increased trust and accessibility. This is why DeFi lending has the potential to become the next big thing in the DeFi space, especially when consumers realize that they are more attractive than traditional financial institutions. 

StashAway secures $25M Series D led by Sequoia Capital India to accelerate growth and regional expansion

StashAway plans to double down on investment offerings and buy back a maximum of $3 million in stock options from its employees. It also plans to launch in Thailand within the next few months, according to CEO Michele Ferrario.

Philippines ‘buy now, pay later’ platform Plentina raises $2.2M in Seed funding round to accelerate credit access to the underbanked

The FinTech startup plans to use its fresh capital to grow its data science, business development, and customer operations teams.

Indonesian FinTech startup Pluang secures $20M in pre-Series B led by Openspace Ventures

Pluang plans to utilize its fresh capital by investing in developing unique and proprietary financial products including new asset classes.

Oi Yee Choo, Chief Commercial Officer, iSTOX

After $50M Series A, iSTOX tokenizes Temasek-backed Astrea VI private equity bonds for enhanced access and automation

Through tokenization, securities such as bonds, equity, and funds will be available on blockchain networks through smart contracts.

UNObank to pilot in the Philippines as Xebia partners with Singapore-based DigibankASIA to launch the full-service digital bank

It will be a full-service digital bank that will have its pilot launch in the Philippines with a target to expand across the region.

P2P lending platform Amartha secures $50M debt financing to empower rural female entrepreneurs in Indonesia

with Lendable’s support, Amartha can take their business a step further and help empower Indonesia’s 22 million female micro-entrepreneurs to develop or start their businesses as the company tries to help the country recover economically post-pandemic. 

ErudiFi team

ErudiFi secures $5M Series A to expand its education-focused FinTech platform in Indonesia, Philippines

plans to utilize the fresh capital by investing in its manpower. It also plans to invest in product innovation and expand its operations in its existing markets.