SEA

Singapore’s Funding Societies steps into Vietnam in fifth market expansion

Funding Societies, a Singapore-based small and medium-sized enterprise (SME) digital financing platform, has officially launched in Vietnam on Tuesday, marking its fifth market expansion .Addressing the SME financing gap in Vietnam, where the SME landscape is growing yet financially underserved, is a natural next step for the fintech company as it pushes…

Grab said to be eyeing stake in Malaysia’s sixth largest banking group AmBank – report

When contacted about the potential acquisition, Grab's communications team said the company "will not comment on rumors and speculation".

Malaysia has no plans for more digital banking licenses – report

In deciding to award five licenses, Nor Shamsiah said the central bank considered many factors, such as the size of the country’s banking system relative to the economy. “This isn't a case of ‘the more the merrier!’” she added.

Funding Societies co-invests with Carro in Indonesia’s Bank Index

Funding Societies (also known as Modalku in Indonesia), a Singapore-based small and medium enterprises (SME) digital financing platform, on Tuesday officially announced its investment into Bank Index (PT. Bank Index Selindo), an Indonesian national Bank, alongside Carro, a Southeast Asian automotive marketplace platform.

Singapore’s The GrowHub partners Vietnam’s Society Pass to provide Australian food products

Singapore-based food and agri-tech company The GrowHub Innovations Company (The GrowHub), announced Friday that it has signed a strategic marketing partnership Memorandum of Understanding (MOU) with Vietnam-based loyalty platform Society Pass to provide agri-food products from producers in Western Australia.

Vietnam’s Society Pass spins-off lifestyle e-commerce arm Leflair into Leflair Group

Society Pass Inc (SoPa), a Vietnam-based loyalty and ecommerce firm, announced Friday the completion of restructuring Leflair's Vietnam operations with the spin-off of Leflair Group (LFGroup). Along with this restructuring, SoPa has appointed Loic Gautier as Chief Executive Officer of the new Leflair Group.