FinTech
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,…
AEON Bank gets nod to commence Islamic digital bank business in Malaysia
AEON Credit Service (M) Berhad (AEON Credit) has on Monday announced that its associated company - AEON Bank (M) Berhad (formerly known as ACS Digital Berhad) (AEON Bank) has obtained approval from the Bank Negara Malaysia (BNM) and the Minister of Finance to commence its digital banking operations in Malaysia.
Boost-RHB Digital Bank Consortium gets approval to commence operations in Malaysia
Boost, a regional fintech leader, and its consortium partner, RHB Banking Group (RHB), have received official approval from Bank Negara Malaysia (BNM) and the Ministry of Finance (MOF) to commence operations as a digital bank, with effect from January 15, 2024.
Khazanah and CGC Digital invest in Funding Societies to broaden financing access to MSMEs
Khazanah Nasional Berhad (Khazanah) and CGC Digital Sdn Bhd (CGC Digital) have on Wednesday announced an investment into the largest unified small and medium enterprise digital finance platform in Southeast Asia, Funding Societies | Modalku (Funding Societies), to broaden financing access to unserved and underserved businesses.
