FinTech
Fave appoints ex-Touch ‘n Go executive as Chief Product Officer
Fave has appointed former Touch 'n Go (TNG) executive Arvindd Selvaratnam as its Regional Chief Product Officer (CPO). Arvindd will be overseeing the company’s regional product roadmap and strategic planning, and will be leveraging various emerging opportunities for Fave in their next phase of growth. As CPO, Arvindd will also be leading product design and…
Japan’s Mizuho Bank leads neobank Tonik’s $131M Series B
Mizuho Bank, one of Japan's largest banking groups, is the latest big backer of Philippine digital bank Tonik, leading its $131 million Series B round of funding.
Singapore’s fintech investment tops $3.94B in 2021 as interest in crypto and blockchain surges, says KPMG
Singapore’s fintech industry hit a five-year high at 191 deals transacted in 2021, a 37 percent increase compared to 2020’s deal count (139 deals) and a 91 percent increase from 2019’s figures (100 deals), said a KPMG report on Tuesday.Total transaction value in Singapore also surged by 59 percent year-on-year at $3.94 billion, across venture capital (VC),…
Malaysian fintech startup IIMMPACT raises $2 million funding from Sequoia India’s Surge
IIMMPACT announced Wednesday $2 million in seed funding by Sequoia India’s Surge. IIMMPACT is Surge’s first startup founded and based in Malaysia. The funding will be used to accelerate product development and expand hiring.
Indian payment platform Razorpay buys majority stake in Malaysian fintech firm Curlec
Razorpay announced Tuesday its first international expansion into South-East Asia with the acquisition of a majority stake in Curlec for an undisclosed amount. This marks Razorpay’s fourth acquisition overall and its first in international waters, taking one step closer to becoming a fintech leader in emerging markets.
Vietnamese investing app Infina closes $6M in seed funding from Sequoia India’s Surge, Y Combinator, Saison Capital and more
Infina has closed $6 million in seed funding from investors such as Sequoia Capital India’s Surge, Y Combinator, Saison Capital, Starling Ventures, Alpha JWC, and AppWorks. Additional investors who have backed Robinhood, Coinbase, and similar models in other markets also participated in the funding.
Indonesian open finance fintech Ayoconnect raises $15M led by Tiger Global
Ayoconnect has closed a $15 million series B financing round led by Tiger Global. The round was joined by PayU, the payments and fintech business of Prosus, and Alto Partners, as well as individual strategic investors, including Plaid Co-Founder William Hockey and Jerry Ng, President Commissioner of Bank Jago, It will use the funds to satisfy increasing…
Malaysia’s MDEC to partner with Asean Fintech Group to facilitate funding opportunities to Malaysian tech companies
The Malaysia Digital Economy Corporation (MDEC) in collaboration with ASEAN Fintech Group (AFG), announced Wednesday a strategic partnership to enhance initiatives aimed at scaling up Malaysian fintech companies. Their collaborative efforts will focus on three key areas, namely deal flows, fintech ecosystem support and joint amplification. MDEC will curate…
Malaysia launches Financial Sector Blueprint 2022-2026, advancing digitalization of the financial sector’s among the strategic thrusts
Advancing digitalization of the financial sector is among the five strategic thrusts stated in the Blueprint. Among the initiatives include future-proofing key digital infrastructures, supporting a vibrant digital financial services landscape, strengthening cyber security readiness and responsiveness, and supporting greater use of technology for regulation…
Tookitaki’s Abhishek Chatterjee on enhancing trust and security in FinTech through RegTech driven by AI and collaboration [ORIGIN Innovation Awards Q&A]
Tookitaki’s AML compliance platform harnesses artificial intelligence (AI) to support a family of intelligent specialist compliance applications that set new standards in accuracy, speed, and resilience.
