FinTech

Finbots.AI, a Singapore-based FinTech firm, announced Thursday it has raised $3 million in a Series A round from Accel. The funds will be used towards accelerating product enhancement, marketing and sales, and customer support besides recruiting of senior talent and team expansion across its offices.

Nium, a Singapore-based platform for modern money movement, announced Tuesday a definitive agreement to acquire Socash, a Singapore-based alternative payments network platform. The acquisition provides Nium with the team and technology to enable multiple forms of local payment acceptance for digital commerce, especially in emerging markets.

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.

WeLab Bank, the virtual bank of Hong Kong's FinTech firm WeLab Holdings Limited (WeLab), said Monday it has become the first virtual bank in Hong Kong licensed to offer digital wealth advisory services. Having obtained the Type 1 (dealing in securities) and Type 4 (advising on securities) licenses from the Hong Kong Securities and Futures Commission…

Al Rajhi Bank Malaysia (ARBM), a subsidiary of Al Rajhi Bank of the Kingdom of Saudi Arabia (KSA), said Monday it has selected Moneythor, a digital banking solution provider in Singapore, to implement innovative personal financial management (PFM) features in its upcoming digital bank in Malaysia.

Singapore's OCBC Bank and MetaVerse Green Exchange (MVGX), a digital green exchange licensed and regulated by the Monetary Authority of Singapore, on Monday announced a strategic partnership to develop new green financing solutions aimed at accelerating large corporates’ journey to carbon neutrality.

Xendit, an Indonesia-based financial technology company that provides payment solutions, said Thursday it has made a strategic investment in Bank Sahabat Sampoerna, an Indonesian private bank that focuses on micro, small and medium-sized enterprise (SME) businesses, as well as banking-as-a-service for technology-enabled businesses.

FundPark, a Hong Kong-based eCommerce liquidity solution and technology provider, announced Wednesday the closing of an asset-backed securitization (ABS) facility of up to $250 million with Goldman Sachs as senior facility provider. Through this ABS facility, FundPark proprietary platform will serve to bridge the working capital finance needs of small to…

TechCreate Solutions Private Limited (TechCreate), a Singapore-based technology services group specialising in digital payment and digitalisation solutions, and Diginius Pte. Ltd. (Diginius), a provider for information technology (IT) security and infrastructure solutions, on Tuesday announced a merger between both companies via a share swap transaction…