FinTech
Blackstone inks deal to acquire Sony Payment Services
American alternative investment management company Blackstone has on Friday announced that it has inked deal to acquire a majority stake in Sony Payment Services Inc. (SPSV), one of Japan’s leading payment service providers. The private equity funds managed by Blackstone have entered into a definitive agreement to acquire the stake with Sony Bank, a…
Thailand’s Kasikornbank paves way for firms to tap tokens for funding – report
“We’re advising some clients to issue tokens for fundraising,” Kasikornbank’s co-president Pipit Aneaknithi said in an interview with Bloomberg on Monday.
JCB, IDEMIA and Soft Space launch “JCBDC” phase 2 pilot to trial CBDC offline P2P payments
Japan's international payment brand JCB Co., Ltd. (JCB) has launched the JCB Digital Currency (JCBDC) phase 2 pilot project with France-based identity technologies firm, IDEMIA, and Malaysia-based fintech company Soft Space Sdn Bhd.
GoTo Group, TikTok, and University Gadjah Mada to collaborate to develop Indonesia’s digital talent
PT GoTo Gojek Tokopedia Tbk (GoTo), Indonesia’s largest digital ecosystem, and TikTok, the global entertainment platform, have partnered Gadjah Mada University (UGM) to develop Indonesia’s digital talent. The duo have signed a memorandum of understanding with UGM to partner in the establishment of the GoTo x TikTok x UGM Technology Center - a digital talent…
GoTo receives validation from SBTi on its net-zero target
PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, has on Thursday announced that its near and long-term greenhouse gas emissions reduction targets across all the countries it is present in have been validated by the Science Based Targets initiative (SBTi).
India’s Aye Finance raises $37M in Series F funding led by British International Investment
Aye Finance, an India-based micro-enterprise lender, has entered into definitive agreements for INR 310 crores ($37 million) in Series F funding, led by United Kingdom's development finance institution and impact investor British International Investment (BII).
Indonesia Fintech JULO adds insurance inclusion to financial inclusion with JULO Cares
JULO, an Indonesian peer-to-peer financial technology company, has launched JULO Cares on Friday, an insurance cover embedded within the core JULO digital credit solution. This benefit launched under the JULO Cares platform provides ongoing device protection to users when they avail of JULO’s digital credit.
Singapore’s Pave Bank launches with $5.2M funding round for programmable money
Singapore-based multi-asset and programmable bank Pave Bank has been launched with $5.2 million seed money. The seed funding round was led by 468 Capital with participation from Quona Capital, Financial Technology Partners, BR Capital, w3.fund, Daedalus and angel investors.
01Fintech invests $20M in Validus to drive SME financing in the Southeast Asia region
01Fintech, a growth stage private equity firm founded by former Ant-Group executive and specializing in financial technology in Southeast Asia, has on Wednesday announced a significant $20-million investment in Validus, a small-and-medium-enterprises (SME) supply-chain financing platform with operations in Indonesia, Singapore, Thailand and Vietnam.
Asia fintech scene gives VC investors confidence about their profits
Venture capital investors aim to protect their investments for a duration ranging from 3 to 10 years. The sooner they invest, the longer they have to wait for a return on their investment. The current investment sentiment in Asia seems to suggest that investors believe this market carries fewer long-term risks compared to other regions. As such, investing…
