FinTech

Singapore cross-border payment firm Thunes kicks off expansion into Greater China

Thunes plans to significantly accelerate the expansion of its operations in Greater China, spanning mainland China, Hong Kong, Taiwan, and Macau. This news follows the recent appointment of Daphne Huang, Senior Vice President (SVP) for Greater China, who will leverage her deep market expertise to spearhead Thunes' growth strategy.

Australian fintech startup Airwallex launches global payment services in Singapore

Airwallex announced Thursday its official launch in Singapore, following its grant of a Major Payment Institution (MPI) license by the Monetary Authority of Singapore and a beta launch in November last year. Singapore businesses can now benefit from Airwallex’s suite of global payments services including global account issuance, domestic and cross-border…

Southeast Asia neobank Crowdo closes $5.9M pre-Series B convertible bridge round from Gobi, Ivest

The funds will be used to expand Crowdo’s neobank platform in Singapore and Indonesia and scale its ESG financing portfolio. Crowdo is headquartered in Singapore but fully licensed by the Indonesian financial authority Otoritas Jasa Keuangan for digital lending in since 2017. The fintech is also registered with the Securities Commission Malaysia.

Fintech startup Paywatch raises $5.23M in seed funding round led by Third Prime and others

Paywatch has raised MYR21.9 million ($5.23 million) in a seed funding round led by US venture capital firm Third Prime and prominent family offices in Singapore and Hong Kong. SparkLabs, Won & Partners and CTK Investments also participated in this round. Operating in South Korea, Malaysia and Hong Kong, the company plans to use the fresh funds to…

Indonesian Fintech player KoinWorks raises $108M in Series C funding led by MDI Ventures

KoinWorks has raised $108 million Series C funding round led by MDI Ventures, Previous equity investors such as Quona Capital, Triodos Investment Management, Saison Capital, ACV and East Ventures also participated in the round. The funding, which consists of $43 million in equity and $65 million in debt capital, will be used to scale KoinWorks’ solutions…

CT Corp, Salim, Bukalapak, Grab, Carro and Growtheum Capital Partners to buy into Indonesia’s Allo Bank right issue

Indonesian conglomerates CT Corp, Salim Group, e-commerce marketplace Bukalapak, ride-hailling firm Grab, used car marketplace Carro, and private equity firm Growtheum Capital Partners have jointly participated in the rights issue of Bank Allo to accelerate the expansion of credit services across Indonesia. Bank Allo is a fully licensed bank offering…

Vietnam digital bank Timo secures $20M fresh funding led by Square Peg

Timo has raised $20 million fresh funding led by Square Peg. .Other participants are Jungle Ventures, Granite Oak, FinAccel, Phoenix Holdings (existing investor) and other super angels.

Singapore fintech firm Brankas raises $20M from Insignia Ventures, Visa to expand open finance platform

Brankas announced the close of its $20 million Series B investment round led by Insignia Ventures Partners, Visa, AFG Partners and Treasury International. Its existing investors Beenext and Integra Partners also joined the round, Brankas. With this round, Brankas aims to scale its network of more than 40 financial institutions and 100+ technology companies,…

Vietnam fintech firm Anfin raises $1.2M seed round led by Goodwater Capital and Global Founders Capital

Anfin has raised $1.2 million in a seed round led by Goodwater Capital and Global Founders Capital (GFC). New investor XA Network as well as existing investor First Check Ventures also joined the round . The fresh injection will be channelled into doubling down efforts to further develop Anfin’s platform to provide its retail investors real-time fractional…

Winning in a volatile crypto market: Top trading and DeFi strategies to consider [Panel discussion podcast]

Down to the fundamentals, the best strategy is to first understand what you want to achieve from crypto. After clarifying what your goals are, finding which strategy works best is easier to accomplish.