FinTech

Digido serves over one million Filipinos

Philippine consumer finance company Digido is has announced a significant milestone, having served over one million Filipinos through its safe, reliable and inclusive digital lending services.

Malaysia’s MOVE Digital sees revenue surge 72 pct in 2023

Malaysia-based MOVE Digital, digital arm of Capital-A which is formerly known as airasia Superapp, has achieved annual revenue of MYR 689 million ($145 million), marking a 72 percent year on year increase.

AirAsia MOVE partners HTS to integrate Fintech ancillaries

Hopper Technology Solutions (HTS) and AirAsia MOVE (formerly airasia Superapp) have announced partnership to integrate fintech ancillaries from HTS into AirAsia MOVE’s digital channels.

Singapore’s Nium secures payment license in Japan

Nium, a real-time cross-border payments firm based in the United States and Singapore, announced Wednesday that it has become the first non-Japanese company to have secured a Type 1 Funds Transfer Service Provider (FTSP) license from the Japanese Financial Services Agency (JFSA).

Thai bank SCBX acquires Home Credit Vietnam for $864M

Home Credit Vietnam Finance Company Limited (Home Credit Vietnam), the consumer finance business of Home Credit N.V. (Home Credit Group), for approximately VND 20,973 billion ($864 million).

Fintech penetration in Southeast Asia will double by 2027, says UnaFinancial

UnaFinancial said Wednesday that the number of fintech companies per one million people in Southeast Asia may double by 2027, reaching 100. This is supported by the growing super-platform economy, conducive regulatory frameworks and favorable economic conditions.

Tikehau Capital partners UOB-Kay Hian to launch new private credit strategy

Tikehau Capital, the global alternative asset management group, has joined forces with Singapore-based brokeragefirm UOB-Kay Hian (UOBKH), to launch a new private credit strategy. Both sponsors will be contributing $50 million each in capital commitments to the strategy, demonstrating strong alignment of interest with investor clients.

Singapore’s Fluid raises $5.2M in Series A funding led by by Insignia Ventures Partners

GoFluid.io (Fluid), a Singapore-based fintech enabling flexible business to business (B2B) purchase financing, has raised $5.2 million in an equity round led by Insignia Ventures Partners. With $1.8 million raised in a seed round from Iterative and New Stack Ventures, the company brings its total funding to $7 million.

StashAway expands HNW offering to Hong Kong, launches private credit access

StashAway, a Singapore-based regional investment platform, has expanded its wealth management offering for high-net-worth individuals, StashAway Reserve, to Hong Kong, extending the success that StashAway Reserve has seen in Singapore.

Malaysia and Cambodia central banks team up to strengthen regional cooperation in financial innovation and payments

Bank Negara Malaysia (BNM) and the National Bank of Cambodia (NBC) said Tuesday they have signed a Memorandum of Understanding (MoU) to strengthen cooperation in financial innovation and payments. The MoU will promote closer cooperation between BNM and NBC to drive financial innovation and foster more efficient and secure cross-border payments for the…