FinTech
Filipinos spent 4.4 million hours using e-wallet apps in 2022, says Digido
2022 saw over 58 million active users in the Philippines spending a total of 4.4 million hours in using e-wallet applications, according to a new report revealed by the Philippines-based consumer credit service Digido on Monday.
Malaysia’s Soft Space raises $31.5M Series B1 funding led by Southern Capital Group
Soft Space Sdn. Bhd., a Malaysia-based financial technology (Fintech) player, has on Thursday announced it has raised $31.5 million in its latest funding round. Southern Capital Group (SCG) Pte. Ltd, led the funding round.
Funding Societies partners Food Market Hub, Supply Bunny to launch financing program for F&B in Malaysia
Funding Societies, the Singapore-based small and medium enterprise (SME) digital financing platform, has partnered with Food Market Hub and Supply Bunny, two solution providers for food and beverage (F&B) supplies in Malaysia, to launch a new business-to-business (B2B) embedded financing program.
India’s DMI Finance raises $400M equity investment led by Mitsubishi UFJ Financial Group
Indian fintech firm DMI Finance Private Limited has on Tuesday announced the closure of a $400 million equity investment round led by Mitsubishi UFJ Financial Group, Inc. through its consolidated subsidiary MUFG Bank, Ltd (MUFG).
Apple launches ‘Buy Now, Pay Later’ service in US
Apple's launch of BNPL service came at a time when some see the hype around BNPL is fading. During or even before the pandemic, BNPL has seen strong growth in Europe, United States, Australia and Southeast Asia, although it is starting to stir concerns among regulators that it could cause youngsters, who are often seen as financially naive, to overspend and…
Filipino fintech Advance secures $16M in a pre-Series A funding led by Do Ventures, Lendable
Filipino fintech Advance has successfully secured $16 million in a pre-Series A funding led by Do Ventures out of Vietnam and Lendable, a technology-enabled investment and debt provider to fintechs in emerging markets.
Advisonomics partners Kakitangan.com to provide financial planning app in Malaysia
Malaysia-based financial planning firm Advisonomics has joined hands with cloud payroll and human resource software provider Kakitangan.com to work together in making the CashKu digital financial planning app accessible to more people.
Vemanti partners Finastra to build SME-focused neobank in Southeast Asia
United States-based fintech firm Vemanti Group has chosen United Kingdom-based financial software company Finastra to help build Southeast Asia’s first small and medium-sized enterprise-focused neobank.
Singapore’s Kredivo raises $270M in Series D equity round led by Mizuho Bank
Kredivo Holdings (formerly known as FinAccel), the parent company of Kredivo and Krom Bank Indonesia, has on Thursday announced that it has raised $270 million in equity financing in a significantly oversubscribed round, bringing its Series D fundraise to a successful close.
UNO Digital Bank partners GCash to offer saving products
Philippine-based UNO Digital Bank has partnered with Philippine mobile wallet app GCash to integrate its services in GSave.
