FinTech

Fasset partners MBSB to explore blockchain-powered Shariah-compliant banking solutions in Malaysia

United Arab Emirates (UAE)'s digital asset infrastructure provider Fasset has inked deal with Malaysian lender Malaysia Building Society Berhad (MBSB) to explore blockchain-powered Shariah-compliant banking solutions in Malaysia.

Ant International to establish new digital business center in Malaysia

Ant International, a Singapore-headquartered digital payment and financial technology firm, has announced that it will establish a new digital business center in Malaysia, with a focus on tapping local tech talent to drive its global businesses.

Singaporean fintech firm Seedflex raises seed funding from 500 Global

Seedflex Technologies (Seedflex), a Singapore-based fintech company, has raised seed funding from 500 Global to launch its proprietary shariah-compliant digital financing solution “Pay-As-You-Sell Advance™” (PAYS Advance) across Southeast Asia, starting first in Malaysia.

Tencent-backed Primer on track to hit 200 percent year-on-year revenue growth

Tencent-backed Primer, the unified infrastructure for global payments and commerce, has on Tuesday announced it's on track for 200 percent year-on-year revenue growth, as demand for unified payments continues to grow worldwide.

Tracxn : SEA FinTech startups see 13 percent decline in funding in first quarter amid slowdown in economic activity

The Southeast Asia (SEA) finTech sector secured funding worth $530 million in the first quarter of 2024, a 13 percent lower than the $607 million raised in the corresponding quarter last year, Tracxn said in a a report on Tuesday.

Thailand’s 9Basil acquires Singapore private credit platform AlteriQ Global

9Basil Group, a Thailand-based alternative investments firm, has on Thursday announced its acquisition of AlteriQ Global (AlteriQ), a boutique Asia-Pacific private credit platform based in Singapore.

Metalpha and Algos Electronics jointly set up NOWLIT fintech solutions

Metalpha Technology Holding Limited, a Hong Kong-based digital asset-focused wealth management company, together with global chips provider Algos Electronics Corp., have established NOWLIT FinTech Solutions Corp.

Ant partners global e-wallets, card organizations for International Consumer Friendly Zones Program in China

Chinese fintech firm Ant Group, along with 11 overseas payment partners of Alipay+ and major international card organizations, have launched in Beijing a nation-wide Program to build International Consumer Friendly Zones across major Chinese tourist and commercial cities, with the support of relevant authorities and local governments.

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.

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).