FinTech

Google India Digital Services (P) Limited and NPCI International Payments Ltd (NIPL), a wholly-owned subsidiary of the National Payments Corporation of India (NPCI) have signed a Memorandum of Understanding (MoU) to expand the transformative impact of unified payments interface (UPI) to countries beyond India.

As fund sufficiency remains a major challenge for MSMEs , particularly in emerging markets, 917Ventures’s loan aggregator Fundspace is offering MSMEs and local entrepreneurs a swift, user-friendly, and easily accessible digital solution tobridge the financing gap in the Philippines.

Higlobe, a payment solution for global businesses and remote professionals, has on Monday announced a partnership with Triple-A, the digital currency payment institution, aimed at transforming the landscape for remote workers in the Philippines by providing instant, free payment transfers from the United States.

Projected to generate a revenue of $26.2 billion this year, the #DeFi market is surging ahead despite its inherent complexities and security challenges. In the ever-evolving landscape of #FinTech, continuous innovation is crucial; however, this evolution must be accompanied by a rigorous commitment to #security measures. 

Qupital, a Hong Kong-based data-driven financing platform for small and medium-sized enterprises (SMEs) in the new economy, has on Thursday announced its new Series B2 financing round funded by a consortium of new and existing investors from Hong Kong and Southeast Asia.

NayaPay, a Pakistan-based financial platform, has partnered with Alipay+, a cross-border digital payments and marketing platform operated by Ant International, to boost global payments into Pakistan.

FundPark, a Hong Kong-based fintech company, has announced the closing of a landmark asset-backed securitization facility of up to $500 million. Goldman Sachs acted as the arranger and senior lender.

Philippine-based consumer finance app BillEase has announced its collaboration with Razer Merchant Services (RMS), a division of Razer Fintech. This strategic alliance aims to revolutionize the Buy Now, Pay Later (BNPL) landscape by integrating BillEase's flexible payment solutions into RMS's extensive merchant network.

FinAGG Technologies, an India-based fintech firm, has successfully raised $11 million in its Series A funding round. This financing was co-led by global impact investment manager BlueOrchard and Tata Capital Limited, with participation from the Small Industries Development Bank of India (SIDBI) and existing investor Prime Venture Partners.

Mantle EcoFund, promulgated through a Mantle Governance vote, MIP-24, in July 2023 as one of the largest ecosystem funds of its kind with a catalyzed capital pool of $200 million and operated by Mirana Ventures, has on Thursday announced it has completed deploying $10 million in investments from its initial capital call.