News
Japan’s Smartpay raises $7M in pre series A round led by SMBC Venture Capital
Japanese Fintech leader Smartpay was oversubscribed in raising $7 million in pre series A round led by Japanese technology investor SMBC Venture Capital.
Hyundai Motor, Kia inks deal with Exide Energy Solutions to produce electric vehicle battery in India
South Korean automakers Hyundai Motor Company (Hyundai Motor) and Kia Corporation (Kia) have inked deal with Indian battery manufacturer Exide Energy Solutions Ltd. (Exide Energy) to produce electric vehicle (EV) battery in India.
United Kingdom’s TerraPay receives Singapore license for money transfer services
TerraPay, a global money movement company based in the United Kingdom, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS).
Singapore’s myFirst, Fu Yu expand to North American kids tech market with $11M deal
Singapore’s kids-tech startup myFirst Tech Holdings Pte Ltd (myFirst) has appointed SGX Mainboard-listed Fu Yu Corporation Limited (Fu Yu) as its exclusive contract manufacturer to propel a major North American expansion of its kid-safe digital platform.
BuildMart PH Technologies invests in builders online marketplace for Hubware
BuildMart PH Technologies, Inc., the Philippines-based business to business (B2B) e-commerce platform that connects manufacturers with hardware stores, has invested an undisclosed amount to Hubware Corporation, an online marketplace for builders, hardware stores, and construction suppliers.
Brunei and Laos formally join regional payment connectivity initiative
Brunei Darussalam Central Bank (BDCB) and Bank of the Lao PDR (BOL) have officially joined the Regional Payment Connectivity (RPC) after previously expressing their interest in joining the initiative, the Monetary Authority of Singapore (MAS) said Wednesday.
MAS expands scope of regulated payment services
The Monetary Authority of Singapore (MAS) has on Tuesday introduced amendments to the Payment Services Act (PS Act) and its subsidiary legislation to expand the scope of payment services regulated by MAS, and to impose user protection and financial stability-related requirements on digital payment token (DPT) service providers.
ADB readies ASEAN Climate Finance Policy Platform
The Asian Development Bank (ADB) plans to launch an ASEAN Climate Finance Policy Platform, which will support Southeast Asian finance ministry leaders in advancing collective action in the battle against climate change, ADB President Masatsugu Asakawa announced Wednesday.
IFC and DBS launch $500M facility to promote trade flows in emerging markets
The World Bank's member International Finance Corporation (IFC) and Singapore-based lender DBS Bank Limited (DBS) have signed a $500 million facility under IFC’s Global Trade Liquidity Program (GTLP). 20 percent of the facility will be allocated to climate-eligible trade transactions
B Capital announces two appointments to expand climate investment platform
B Capital, a global multi-stage investment firm, has on Thursday announced two appointments to further expand its climate investment platform.
