FinTech
Malaysia to enact laws to better regulate ‘Buy Now Pay Later’ schemes
Southeast Asia super app Grab and Sea Ltd’s e-commerce platform Shopee have started providing BNPL options in Malaysia since last year. Advance Intelligence Group’s Atome, Pine Labs’ Fave, Allectus Capital-backed Hoolah, 500 Startup-backed Split are among the FinTech startups that provide such services in the country.
Consortiums partnering banks, e-wallets have an upper hand to bag Malaysia digital bank licenses
Consortiums partnering with financial institutions and e-wallet operators will have an upper hand in securing a digital banking license in Malaysia, according to analysts.
South Korean AI-driven FinTech firm Akros Technologies bags $3.75M funding led by PeopleFund
South Korea-based artificial intelligence (AI)-driven asset management fintech start-up Akros Technologies (Akros) announced on Tuesday that it has raised $3.75 million led by South Korea-based peer-to-peer lending platform PeopleFund.
FinTech continues to be a hot sector in Southeast Asia after a booming 2021
FinTech will continue to be one of the hottest sectors in Southeast Asia after investors pumped record amounts into the region’s FinTech firms last year.
2C2P partners with ShopeePay to boost digital payments in Southeast Asia
2C2P and ShopeePay announced Wednesday a new partnership to increase access to digital payments for consumers and merchants by enabling ShopeePay as a payment option to 2C2P’s extensive merchant network across five markets in Southeast Asia. The move will enhance connectivity to the digital economy, a key driver of regional economic development. With…
Singapore FinTech firm Validus acquires CitiBusiness loan portfolio in Singapore
Validus has entered into an agreement with Citi to acquire its CitiBusiness loan portfolio in Singapore, in a move that will bolster Validus’ top line revenue, customer base, and expand its growing loan book. This is the first time a FinTech in Southeast Asia is acquiring an established bank’s loan portfolio and customer base, and it underscores Validus’…
Malaysia’s Touch ‘n Go eWallet and Singapore’s Dotlines collaborate to include migrants into the cashless society
Touch ‘n Go eWallet announced Monday that it is collaborating with Singapore's Dotlines to provide digital solutions for migrants in Malaysia. A cashless society is now closer than before, and with this collaboration, the migrant community can fully embrace and be part of the cashless society.
Carsome and Public Bank sign MoU for car financing collaboration
Malaysian lender Public Bank said Friday the bank and Carsome has officially signed a Memorandum of Understanding (MoU) for greater business collaborations. With this MoU, the bank will be able to provide stock-financing and end-financing arrangement for the vehicles to its member Car Dealers and individual purchasers who have won the bids through Carsome…
Grab Financial Group partners Sedania to provide Shariah-compliant financing to Malaysian drivers
Grab financial arm Grab Financial Group (GFG) Malaysia and Sedania Innovator Bhd’s fintech subsidiary Sedania As Salam Capital Sdn Bhd (SASC) announced Friday they are partnering to officially offer Grab Cash Financing-i, a Shariah compliant* financing product, to eligible Grab driver- and delivery-partners in Malaysia. Grab Cash Financing-i aims to provide…
Airwallex partners with Choco Up to empower cross-border e-commerce
Airwallex, announced Thursday its partnership with Choco Up to support the future growth of cross-border ecommerce. By combining Airwallex’s proprietary global payments infrastructure with Choco Up’s flexible recurring funding solutions, the partnership enables a comprehensive and integrated finance solution for e-commerce companies across Asia.
