FinTech
Singapore’s iLex closes $4.5M Pre-Series A round led by QBN Capital
ILex, a Singapore-based market infrastructure provider for syndicated loan and private debt markets, has on Thursday announced it has raised $4.5 million in new capital. The round was led by QBN Capital, with participation from existing and new investors.
Grab has liquidity to drive operations, says S&P Global Ratings
The stable rating outlook on Grab reflects S&P Global Ratings' view that the company will maintain sufficient liquidity to tide it through until it reaches positive EBITDA and cash flow by 2025.
SoftBank, Ant Group seek to sell Paytm stake to reduce holding in payments firm – report
Ant Group and SoftBank have discussed selling shares in the company through a secondary stock deal, according to the report.
Southeast Asia & South Asia see 83% drop in fintech startups; investors opt for risk-averse strategies
The countries of South and Southeast Asia saw a year on year decline of 83 percent in new fintechs in 2022, with only 349 startups emerging in the region, says Robocash Group.
DBS to apply for crypto licence in Hong Kong – report
When the regulations in Hong Kong are clear, and the bank “understands exactly the framework,” DBS will be one of the lenders interested in participating, said Paredes.
PPRO extends global cross-border payments infrastructure into South Korea
United Kingdom-based FinTech firm PPRO has extended its infrastructure to the South Korean market through integrating South Korean local cards and Toss Pay, one of the most popular e-wallets in South Korea onto its platform.
Australia’s Airwallex strengthens global leadership team in Singapore
Australian FinTech firm Airwallex has on Thursday announced senior appointments to its global leadership team as the global payments and financial platform focuses on its expansion into 2023.
India’s PhonePe raises $100M additional funding at $12 billion valuation
PhonePe, one of India’s largest fintech platforms, has on Tuesday announced it has raised another $100 million in primary capital from Ribbit Capital, Tiger Global and TVS Capital Funds, at a pre-money valuation of $12 billion.
Vietnamese FinTech startup GIMO hits first close of Series A at $5.1M
Vietnam’s fintech start-up GIMO has on Tuesday announced the first close of its Series A funding with a $5.1 million investment led by TNB Aura. Other investment firms joining the round are returning investors including Integra Partners, Resolution Ventures, Blauwpark Partners, ThinkZone Ventures, and Y Combinator.
Singapore’s Aspire closes $100M Series C round
Aspire, a Singapore-based FinTech firm, has on Tuesday announced that it has closed an oversubscribed Series C round at $100 milion. Lightspeed and Sequoia Capital SEA, Paypal Ventures, LGT Capital Partners and existing backers Picus Capital and Mass Mutual Ventures have participated in the round,
