FinTech
Singapore and Boston based fintech startup Almond Finance closes funding round of $2M
Almond Finance has closed a seed funding round of $2 million. The fundraising, led by Morningside Group, will drive hiring, product development and compliance requirements for multiple markets.
Singaporean fintech GEKO acquires EV bike-maker SWAG, plans pre-Series A round in early 2022
Following the acquisition, the combined SWAG and GEKO group plan to hold a pre-Series A funding round, with a combined entity value of $25 million in early 2022.
Vietnam’s e-wallet firm MoMo raises $200M, now a unicorn valued above $2B
The company will also expand and strengthen its services in tier 2 and tier 3 cities as well as rural areas.
Malaysian fintech firm CapBay secures $7.1M from Kenanga Investment Bank
CapBay, a Malaysian multi-bank supply chain finance and peer-to-peer financing (P2P) platform, has secured MYR30 million ($7.1 million) investment from Kenanga Capital Islamic Sdn Bhd (KCI), a subsidiary of Kenanga Investment Bank Berhad (KIBB). The investment is a step forward to growing CapBay’s Shariah-compliant Supply Chain Finance arm, CapBay Islamic,…
Indonesia’s GoTo said to appoint banks for $1B local IPO – report
GoTo Group has picked PT Mandiri Sekuritas and PT Indo Premier Sekuritas as underwriters for a local IPO that could happen as soon as next quarter, Bloomberg reported.
Singapore fintech firm Sleek extends Series A round to $25M
Sleek has extended its Series A round to $25 million, with the participation of Singapore-based global investor EDBI and existing investors, in a mix of equity and debt. The startup, which announced a first closing led by White Star Capital and Jungle Ventures in November, will use the fresh funds to bolster tech and product development, hire new talent,…
Singapore insurtech Igloo extends footprint in Malaysia with Pine Labs partnership
Igloo has partnered with Pine Labs to extend of its regional footprint in Malaysia. Through the partnership, Pine Labs will offer shoppers hassle-free and easy mobile phone protection solutions under the IglooCare Program.
India payment technology platform Juspay raises $60M in Series C funding led by SoftBank
Juspay has announced $60 million in Series C funding led by SoftBank Vision Fund 2 with participation from existing investors VEF and Wellington Management.
Malaysia fintech and e-wallet provider MyMy set for beta testing and reveals Malaysian-inspired product innovations
MyMy has released its wave of leading-edge card and app features as it gears up for targeted beta testing this January, 2022. Backed by demands from in-depth market studies, MyMy’s frontline offerings include a numberless prepaid card that enhances the security of physical payment transactions. As for online transactions, it introduces a seamless biometric…
Australia’s Finder secures first external equity of $21.5M to accelerate global growth
Finder has secured its first external funding of A$30 million ($21.52 million) since its inception in 2006. The specialist technology growth investor Future Now Capital has committed the fund which kicks off the capital raise process for Finder after 15 years of being bootstrapped.
