FinTech

India’s Vance raises $5.8M seed round led by Hummingbird Ventures

India-based neo-banking platform Vance has raised $5.8 million in a seed round led by Hummingbird Ventures. The round also saw participation from Global Founders Capital,…

Malaysia’s Instapay Technologies raises $4.75M Series A funding led by Daiwa Securities-backed fund

Malaysia-based payments fintech firm Instapay Technologies Sdn Bhd, has raised $4.75 million Series A funding round, to fuel its growth in ASEAN and Middle East markets. Instapay…

Malaysia’s Revenue Monster clinches $6.6M funding from SEA Capital

Revenue Monster Group, a Malaysian financial technology company, has announced a successful private equity funding round and the signing of a memorandum of understanding (MoU)…

PPRO makes moves in Malaysia with integration of Grabpay and Touch ‘N Go

PPRO, the global provider of digital payments infrastructure, has strengthened its market coverage of Malaysia with the integration of major e-wallets GrabPay and Touch ‘n Go on…

China’s Weixin Pay offers digital payment to nearly 10,000 hawkers in Singapore

Weixin Pay, the mobile payment function of Tencent's popular social platform Weixin, has increased access for Weixin Pay travellers exploring Singapore to the nation’s unique…

WeLab and Astra complete Bank Jasa Jakarta acquisition

WeLab, a Hong Kong-based fintech platform, announced Monday the completion of the acquisition of an Indonesian commercial bank, PT Bank Jasa Jakarta (BJJ), together with PT Astra…

Singapore and Indonesia-based Fazz secures $100M Series C funding

Singapore and Indonesia-based digital financial services group Fazz (previously known as Fazz Financial Group), announced Wednesday a $100 million Series C funding round. This…

Singapore digital bank Trust reaches 100,000 customers

Singapore digital bank Trust announced Tuesday that its community of customers has reached 100,000 following its launch on 1 September. Sign-ups were received from a diverse…

Singapore’s M-DAQ Global opens Japan office as part of international expansion

M-DAQ Global, a Singapore-headquartered fintech company, announced Monday that it has expanded its global footprint with the opening of its Japanese office through its…

Higher interest rates challenge APAC digital banks, says Fitch

Fitch Ratings said Wednesday that it believes that many new digital banks in the Asia-Pacific (APAC) region will find it more challenging to achieve financial viability as…