FinTech
Funding Societies Malaysia appoints Chai Kien Poon as Malaysia Country Head
Funding Societies Malaysia has announced the appointment of Chai Kien Poon as Country Head of Malaysia. In his new role, he will be responsible for managing day-to-day operations of Funding Societies in Malaysia, as well asdriving strategic business partnerships and initiatives for the largest and leading small and medium-sized enterprise (SME) digital…
India’s Drivetrain raises $15M from Elevation Capital, Jungle Ventures, and Venture Highway
Drivetrain AI, Inc., an India-based financial planning, monitoring and decision-making platform, announced Wednesday that it has raised $15 million in funding from Elevation Capital, Jungle Ventures, and Venture Highway.
Wise Singapore doubles headcount in 2022, to hit over 400 employees by year end
Wise, the global tech company building the best way to move money around the world, announced Wednesday it is bolstering its Asia ambitions, with the company on track to hit over 400 employees in Singapore by the end of 2022, doubling its team here since the start of the year.
Indonesian financial management platform Pocket raises pre-seed funding led by East Ventures
Pocket, an Indonesia-based fintech startup providing a holistic financial health platform for families, announced Monday the completion of an undisclosed amount of pre-seed funding led by East Ventures.
Singapore’s Endowus acquires Hong Kong’s Carret Private Investments to boost wealth management business
Endowus, the Singapore-based digital wealth advisory platform, announced Monday that it has completed its acquisition of a majority stake in Carret Private Investments Limited, a Hong Kong-based wealth manager and multi-family office that serves ultra-high-net-worth individuals, families, trusts and charitable organisations.
Indonesia’s Ayoconnect raises $13M Series B+ led by SIG Venture Capital
Ayoconnect, an Indonesia-based open finance platform, has closed $13 million for its Series B+ financing round led by SIG Venture Capital with participation from CE Innovation Capital.
Airwallex sustains $5.5B valuation with $100M Series E extension
Airwallex, the Australia-based global fintech platform, announced Tuesday that it recently closed its Series E extension (Series E2) of $100 million with the same $5.5 billion valuation.
Indonesia’s ALAMI closes pre-series B round led by East Ventures
ALAMI Group, an Indonesia-based Shariah-compliant small and medium-sized enterprise (SME) lending platform, announced Monday that it has successfully closed pre-series B round led by East Ventures (Growth fund) alongside returning investors namely AC Ventures, Quona Capital and FEBE Ventures.
Malaysia’s Carsome banks on digital banking to complement existing car business
In the interview, Kee also shared the opportunities Carsome sees in building a digital bank in Malaysia and the competitive edge it has against others. He, however, declined to comment on the launching timeline of the digital bank.
India’s Vance raises $5.8M seed round led by Hummingbird Ventures
India-based neo-banking platform Vance has raised $5.8 million in a seed round led by Hummingbird Ventures. The round also saw participation from Global Founders Capital, YCombinator, Soma Capital and seasoned angels such as Alan Rutledge and Gokul Rajaram.
