FinTech
ShopeePay partners Malaysia’s GHL to expand its digital payments in the Philippines
ShopeePay e-wallet users will now be able to pay at establishments such as Phoenix Petroleum, Family Mart, Three Sixty Pharmacy, Prince Retail, and more chains nationwide.
Validus acquires KlearCard’s business payments and expense management platform to bolster its upcoming SME Neobank offering
The acquisition of the KlearCard platform, an established player with a proven product-market fit in the region, will pave the way for Validus to accelerate its build-out of Southeast Asia’s first credit-led SME-focused Neobank, which will provide SMEs with a best-in-class experience through a fully integrated and holistic suite of financial tools and…
India neobank Zolve closes $40M Series A funding round at a valuation of $210M, will scale financial services for US-bound immgrants
With these additional funds, Zolve intends to enhance the user experience for global citizens, allowing them to open their U.S. accounts in minutes. Moreover, the funds will help speed expansion of the service to more nationalities, increasing the number of people who can start building their financial futures from the moment they arrive in the U.S.…
Angkasa-Boustead consortium banks on Islamic bank positioning, existing captive members to win a digital banking license in Malaysia [Q&A]
In the interview, Hudhaifa shared the opportunities the consortium sees in building a digital bank in Malaysia and what are the competitive advantages it has against other contenders vying for the digital banking licenses. He also shared his views on the profitability path for digital banks, citing examples from other countries.
Omise targets to triple transactional processing volume in Malaysia as it launches operations in the country
Businesses operating online in Malaysia now have access to the full strength of Omise’s modern payment gateway to accept payments securely, manage transactions, send payouts, and expand operations regionally to capture more sales and grow revenue. Meanwhile, businesses using Omise in Thailand, Japan, and Singapore can seamlessly expand their business and…
India FinTech SaaS firm Clear raises $75M Series C to accelerate B2B and international expansion
The funds will be used to accelerate Clear’s expansion into Business to Business (B2B) credit and payments plus expansion into international markets.
Stripe to buy India-based payments reconciliation software provider Recko
Stripe has entered into an agreement to acquire Recko to help its internet businesses automate payments reconciliation.
The future of banking: Immersive banking – the holy grail (part 3 of 3)
In this new paradigm, key services such as deposit-taking service, asset-custodian, insurance, lending services, risk management, and the offer of securities, etc. will be redistributed between different tech layers and service providers. New capabilities, such as smart contract audit or underwriting (for non-crypto assets) could also be created along the…
Grab expands merchant services for SMEs across Southeast Asia
This is in line with Grab Financial Group’s move to be more merchant-centric in its offerings and support its merchants’ business growth across the region.
ASX-listed Novatti acquires Malaysia FinTech firm ATX Group for up to $7.4M
The acquisition enables Novatti to scale existing ATX businesses while looking to introduce additional Novatti services to the Malaysian market, such as billing.
