FinTech

Thunes, the Singapore-based business to business (B2B) payment infrastructure platform, has on Monday announced it has extended its Series C funding to $72 million backed by three prominent investors Visa, a world leader in digital payments, EDBI, a Singapore-based global investor and Endeavor Catalyst, a San-Francisco co-investment fund of Endeavor, have…

Malaysia's financial service firm AEON Credit Service (M) Berhad has partnered Japan-listed financial institution Aeon Financial Service Co. Ltd. (AFS) to undertake the business of a digital Islamic bank in Malaysia.

CapBay said it has achieved a significant milestone by providing over MYR1 billion ($220.91 million) in funding to more than 400 underserved small and medium enterprises (SMEs) in Malaysia. This is the result of successful financing through 7,600 investment notes, underscoring CapBay's commitment to empowering SMEs and offering attractive investment…

FinTech investments in ASEAN clocked in at $4.3 billion in the first nine months of 2022 — higher than the combined sum from 2018 to 2020, said a report Friday. According to the report released by professional services firm PwC Singapore, the Singapore Fintech Association (SFA) and Singapore Economic Development Board (EDB), with emerging economies, an…

Annica Witschard, CEO of Home Credit Vietnam, outlined the company's strategic initiatives in expanding #financialinclusion, especially in marginalized communities. The company uses #AI and data-driven modeling to facilitate democratic #lending, particularly for those with no #credit history. She also underscored the importance of financial literacy,…

Home loans and online loans are the most popular in Southeast Asia, Robocash Group said on Thursday. Based on search requests related to lending, housing loans make up 46 percent of all queries over the past 12 months. The second place by popularity is taken by online loans (30 percent).

Orderfaz, an Indonesian fintech startup for social commerce sellers, has on Thursday announced the completion of a pre-seed round of financing led by 1982 Ventures. With this round of financing, the firm plans to bring on new hires across all functions to drive platform development and market expansion.

Indian Fintech Unicorn Razorpay has on Wednesday launched a full-stack payment gateway in Malaysia through Curtech, a Malaysian fintech firm it acquired last year. The Curlec Payment Gateway will serve more than 5,000 businesses with a target of MYR 10 billion ($2.15 billion) in annualized gross transaction value (GTV) by 2025.

Innovation in cross-border #payments has transformative potential for #SoutheastAsia’s #tourism industry. #Travel not only benefits those in the tourism sector but trickles down to the wider community, aiding local people, merchants, and businesses. It is a no-brainer that ease of payments yields ease of business.

In this Q&A with Donald Day, former Subject Matter Expert for #digitalassets at the Securities and Futures Commission of #HongKong and now COO of VDX, he shares how a stringent regulatory landscape is shaping the city into Asia's leading crypto hub.