FinTech
Singapore’s Matchmove acquires Shopmatic for $200M
MatchMove, Singapore-based embedded finance firm, said Monday it has acquired e-commerce specialist Shopmatic in a $200 million deal, creating an end-to-end embedded finance and ecommerce powerhouse. The combined company will enable MatchMove to provide its Banking-as-a-Service capabilities to Shopmatic’s ecosystem of over a million e-commerce small and…
Singapore money transfer firm Nium secures license to expand payment services to Malaysia
Nium, a Singapore-based platform for modern money movement, announced Thursday the availability of real-time payments into Malaysia, further strengthening the company’s real-time payments capabilities across the globe. With the addition of Malaysia, it now processes over 75 percent of transactions globally in real-time, and increases its total real-time…
Indonesian FinTech firm Xendit raises $300M Series D funding co-led by Coatue and Insight Partners
Xendit, an Indonesia-based payments infrastructure platform, announced Thursday it closed $300 million in Series D funding, taking the total amount raised to $538 million to power the world’s fastest-growing digital economy. Coatue and Insight Partners co-led the round with additional investment from Accel, Tiger Global, Kleiner Perkins, EV Growth, Amasia,…
Zipmex invests in Thailand’s Fintech firm Forward
The investment, made by Zipmex Labs, a unit under Zipmex Group, is part of a series of investments aimed at promoting and supporting blockchain projects and entrepreneurs looking to transform the crypto ecosystem through innovative business ideas, Zipmex said.
Finku secures $2.8M Seed funding led by B Capital, Trihill & Global Founders Capital to boost its Indonesian expansion
Finku, an Indonesia-based financial services application platform that streamlines and automates budgeting and expense tracking, has raised $2.8 million in its latest seed funding round. The round was led by B Capital Group, a multi-stage global investment firm and co-led by Global Founders Capital and Trihill Capital. Other participants in the round…
Singapore’s Volopay partners with Visa to offer financial management solutions in Australia
Volopay, a Singapore-based corporate cards and payable management fintech firm backed by Y-Combinator, announced Thursday it has signed a partnership with Visa to be part of Visa’s Fintech Fast Track Program which will significantly expand Volopay’s offering of financial management solutions in the Australian market.
Investree to acquire 18.4 percent stake in Indonesian digital bank Amar Bank
Investree Singapore Pte Ltd (Investree Group), a holding company of Southeast Asian fintech lending platforms for micro, small, and medium enterprises (MSMEs), is set to acquire 18.4 percent minority stake in PT Bank Amar Indonesia Tbk (Amar Bank), a licensed commercial bank and digital banking pioneer in Indonesia. Investree has signed a transaction…
YouTrip & Mastercard launch YouBiz smart corporate card for SMEs to earn unlimited cashback and save on FX fees
The development follows YouTrip’s recent $30 million Series A funding.
Singapore’s Sea Ltd prepares move into Indonesia’s insurance sector – report
The US-listed tech firm has prepared plans to acquire an insurance company in Indonesia, Financial Times reported on Wednesday, quoting two people close to the discussions.
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…
