FinTech
Carsome reports first quarterly profit, “on track” to achieve first full-year profitability this year
Carsome has also marked another achievement in its growth trajectory, surpassing the sale of 500,000 cars since its inception in 2015. This milestone was achieved in just two years after crossing 100,000 cars in 2021. Last year, the group sold over 150,000 cars.
Ant International to expand business in Saudi Arabia
Ant International has inked a Memorandum of Understanding (MoU) with the Ministry of Investment of Saudi Arabia (MISA) to expand its business into the Kingdom.
AEON partners Visa to boost digital payment in Malaysia
AEON Bank, a Malaysia-based Islamic digital bank, has announced a strategic partnership with Visa, a world leader in digital payments. This new synergy marks a significant milestone in their commitment towards transforming local consumers' experience in digital payments and cashless transactions in Malaysia.
IFC Invests $6M in Türkiye digital brokerage company Midas
The International Finance Corporation (IFC)has on Thursday announced an investment of $6 million in Midas, a digital brokerage company in Türkiye, to accelerate digitalization in the country's brokerage industry, strengthen its competitiveness, and empower people to protect their wealth.
Direct Lending partners Tan Chong Motor to introduce Shariah-compliant auto service financing plan in Malaysia
Direct Lending, a Malaysian digital lending platform, has on Thursday announced its partnership with Malaysian automotive firm Tan Chong Motor Holdings Berhad, to introduce a Shariah-compliant, fully digital auto service financing plan at their Nissan Service Centers nationwide.
Indonesia’s GoTo says on track to meet full-year adjusted EBITDA break even target
Indonesia's largest technology firm PT GoTo Gojek Tokopedia Tbk (GoTo) says it is on track to meet full-year adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) break even target after its adjusted EBITDA fell in the first quarter.
AirAsia MOVE’s monthly active users up 19 percent year on year to 15.34 million
Asia MOVE, formerly known as airasia Superapp, has seen its monthly active users (MAU) grow 19 percent year on year growth to 15.34 million in the first quarter.
IFC partners KB Kookmin Card to launch $150M financing initiative in Indonesia, Thailand
The International Finance Corporation (IFC) has partnered South Korean credit card-issuing company KB Kookmin Card Co. (KBC) to launch $150 million financing package in Indonesia, Thailand.
Alipay+ inks agreement with Korea Easy Payment Foundation, Jeju Tourism Organization
Alipay+, a global cross-border mobile payment and digitalization technology platform operated by Ant International, has on Monday announced it signed a business agreement with the Korea Easy Payment Foundation (KEPF) and Jeju Tourism Organization (JTO).
IFC invests $7M in Philippine consumer fintech firm Salmon
To help expand financial inclusion in the Philippines, the International Finance Corporation (IFC), a member of the World Bank Group, is investing $7 million in the country's fintech firm Salmon Group Ltd. (Salmon).
