FinTech

Akulaku, an Indonesia-based banking and digital finance platform, announced Monday a $200 million investment from Japanese megabank Mitsubishi UFJ Financial Group (MUFG).

Malaysia-listed conglomerate Berjaya Corporation Berhad (BCorp) and Indonesian conglomerate MNC Group arm PT MNC Kapital Indonesia TBK (BCAP) have signed a preliminary nonbinding term sheet to enable both parƟes to explore e-money business in Malaysia.

Singapore-based fintech firms UNO Digital Bank and Trusting Social have on Monday announced a strategic partnership to unlock access to consumer lending for Filipino consumers across wide sections of society.

Payoneer, the United States-listed payments firm, has received in-principle approval as a Major Payment Institution License holder from the Monetary Authority of Singapore (MAS). The license, once received, will allow Payoneer to offer additional payments services.

Validus, the Singapore-based financing platform, has on Friday announced that it has secured its first tranche of funds in a Series C-1 round with new, key strategic investors NongHyup Financial Group, NorinChukin Bank, Aizawa Asset Management and Lotte F&L Singapore.

South Korean artificial intelligence (AI)-driven fintech start-up Akros Technologies announced on Friday the that it has raised $2.3 milion in a strategic funding round prior to the scheduled Series A funding round next year.The strategic investment was led by ZVC, the corporate venture capital (CVC) of Z Holdings which has global mobile platform LINE…

Singapore-based wealthcare and savings app Hugosave officially announced on Tuesday that it has become a Visa Principal Member Issuing Licensee under its parent company, Atlas Consolidated Pte Ltd. As a principal licence holder, Hugosave will now be able to issue Visa cards directly, as well as sponsor associate licences under Visa,

Australia-based global fintech platform Airwallex has on Tuesday announced that Kai Wu has been jointly appointed as the company’s Chief Revenue Officer (CRO) and Asia-Pacific General Manager (APAC GM). Kai has held a number of senior positions at Airwallex for close to five years, including as Chief Financial Officer and Greater China Chief Executive…

Singapore listed enterprise technology, software and services company Silverlake Axis Ltd (SAL) has on Tuesday announced its agreement with Siam Commercial Bank (SCB) - one of Thailand’s top five banks, to power SCB’s innovative strategy of building new propositions outside of the traditional bank.

As the financial technology ecosystem, ALAMI has a bold mission to spread the positive impact and build a more equitable society using technology based on sharia principles, so we committed to establish truly sharia digital financial products and services that drive the social impact and provide the best experience to the user.