FinTech
Grab’s 3Q revenue up 143 percent year on year to $382M
Singapore-based super app Grab announced Thursday that its revenue surged 143 percent year on year to $382 million in the third quarter ended September 30, driven by strong growth in mobility and deliveries revenue. The firm has achieved segment adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) breakeven for overall…
Visa launches Google wallet for Visa cardholders in Malaysia
Visa has on Wednesday announced the launch of Google Wallet for Visa cardholders on both Android and WearOS devices in Malaysia. Visa cardholders from Hong Leong Bank (credit) and Public Bank (credit and debit cards) can now make fast and secure purchases in stores, online, and in apps, and store their Visa cards within Google Wallet. Cardholders of HSBC…
Thai startup Beam raises $2.5M seed funding led by Surge, Sequoia Capital India and Southeast Asia’s accelerator program
Beam, a Thailand-based payment firm, has on Wednesday raised $2.5 million in seed funding led by Surge, Sequoia Capital India and Southeast Asia’s rapid scale-up program, with participation from Partech Partners.
Funding Societies partners with Proton to provide dealer financing for used car dealers
Funding Societies, Southeast Asia’s largest small and medium-sized enterprise (SME) digital financing platform, is collaborating with Malaysia's national car maker Proton to provide credit facilities for Proton dealers to finance the purchase of cars for floor stocking.
Indian fintech startup Bold Finance raises $1.5M seed round led by Kae Capital
Fintech startup Bold Finance said Thursday it has raised a seed round of $1.5 million led by Kae Capital. The round also saw participation from existing investor Antler India and several angel investors such as Nitin Gupta (Uni Cards), Ishpreet Gandhi (Stride Ventures), Shashikant Dola (McKinsey & Company), Tushar Mehndiratta (Avail Finance), Vadiraj…
Quona Capital announces $332M fintech venture fund
Emerging markets venture capital firm Quona Capital announced Wednesday the final close of its Fund III at $332 million, significantly exceeding its $250 million target. This is the third fund from Quona Capital since its inception, bringing the firm’s aggregate committed capital to over $745 million.
Touch ‘n Go eWallet expands cross-border payment to China in collaboration with Alipay
Touch ‘n Go Group, via TNG Digital Sdn Bhd (TNG Digital), owner and operator of Touch ‘n Go eWallet, announced Monday it is expanding its cross-border payment capabilities to China through its collaboration with Alipay+, a suite of global cross-border digital payments and marketing solutions operated by Ant Group.
GHL partners Alipay+ to enable travelers to use mobile e-wallets
Foreign travelers visiting Malaysia can now pay using their domestic mobile e-wallets at over 40,000 retail outlets powered by GHL Systems Berhad (GHL), which is made possible through a partnership announced on Monday with Alipay+, a global cross-border digital payments and marketing solution.
ANEXT Bank launches new industry initiative to scale financial inclusion for SMEs
ANEXT Bank, a digital wholesale bank incorporated in Singapore and a wholly-owned subsidiary of Ant Group, on Wednesday unveiled its latest initiative to drive further industry collaboration as part of its mission to enable effortless and inclusive financing for small and medium-sized enterprises (SMEs).
HashKey Capital Singapore gets fund management service approval from MAS
HashKey Capital Singapore Pte. Ltd., together with its affiliates, announced Friday that it has received its in-principle approval for the Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS) as a licensed fund management company (LFMC).
