FinTech
Rently launches Singapore’s property management platform
Rently, a Singapore based fintech startup with a mission to redefine the property industry, has officially announced its launch in Singapore. The firm is currently in the seed stage and will execute a Series A funding in the first quarter of 2024 to scale its operations, grow its footprint in the Singaporean rental market, and expand to other geographies.
TrueMoney Malaysia now supports DuitNow QR
TrueMoney, a Malaysia-based e-wallet and digital payment platform under Ascend Money, a joint venture between The Charoen Pokphand Group (C.P. Group) and Ant Financial (Alibaba), has on Tuesday announced its enablement to pay with DuitNow QR.
Tracxn : Investments into Vietnam FinTech startups sinks to $35.3M in 2023
Total funding into Vietnamese FinTech startups plunged 84 percent to $35.3 million in 2023, from $227 million in 2022, Tracxn Technologies Ltd. said on Thursday. The FinTech sector in Vietnam secured funding worth $35.3 million in 2023 with only eight funding rounds, the least funded year since 2021.
India’s Grip Invest secures $10M in Series B funding led by Stride Ventures
Grip Invest, a direct to consumer (D2C) investment platform for retail investors, has raised $10 million in a Series B funding. The round consisted of $8.5 million via fresh equity and convertible note as well as $1.5 million in venture debt.
India’s Paytm parent firm to invest $12M in GIFT City to build global financial ecosystem
One97 Communications Limited (OCL) that owns the brand Paytm, has on Wednesday announced an investment of Rs 100 crore ($12 million) in Gujarat International Finance Tec-City (GIFT City) to build a global financial ecosystem in Gandhinagar in India.
Empowering investors: How AI and social investing forge sustainable financial ecosystems
The rise of #AI in #finance signifies a paradigm shift, providing unprecedented opportunities for investors to navigate and thrive in an ever-evolving market.
Funding into Indonesian FinTech startups falls 51 percent to $765 million in 2023
Total funding into Indonesian FinTech startups fell 51 percent to $765 million in 2023, from $1.6 billion in 2022, Tracxn Technologies Ltd. said Tuesday. The Indonesian startup ecosystem is the second highest-funded startup ecosystem in the Southeast Asian (SEA) region in terms of overall funding and also the second largest economy in the SEA region.
Consumer Fintech firm Salmon becomes a licensed bank in the Philippines
Salmon, a financial technology company based in the Philippines, announced Tuesday that it has become a licensed bank in the Philippines. The firm has received regulatory approval from the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) to acquire the controlling interest in Rural Bank of Sta. Rosa (Laguna), a licensed financial institution serving…
Tracxn : Total funding into SEA FinTech startups plunge 65 percent to $2B in 2023
South East Asian (SEA) countries took the most hit in 2023 following the global economic crisis as the total funding for FinTech fell to $2 billion, the lowest in comparison to the last five years in this region, said Tracxn Technologies Ltd. on Tuesday.
Indonesia’s KOMUNAL raises $5.5M in Series A+ funding round led by Sumitomo Corporation Equity Asia
KOMUNAL, an Indonesian fintech firm focused on driving financial inclusion through the digitalization of rural banks (BPR), has closed the year 2023 by raising $5.5 million in a Series A+ funding round led by Sumitomo Corporation Equity Asia.The funding round also saw participation from notableventure capital firms including Jafco Asia, Skystar Capital,…
