FinTech
News,FinTech,Singapore,Investments
Singapore-headquartered trading app MarketWolf secures $5.5M Seed funding
MarketWolf had raised $1.7 million during its angel round and has raised a total of $7.2 million to date. This fresh funding will be utilized to build new products, expand the user base and attract top talent
October 20, 2021
SEA,eCommerce,Startup Profiles,FinTech,Indonesia,TNGlobal Q&A and Interviews
Bezos-backed Ula to scale up ‘pay later’ options for underserved small retailers in Indonesia
Indonesia’s retail market is estimated to be around $300 billion, of which 70-80 percent is traditional retail--with this market growing 8 percent year on year, the potential is enormous.
October 14, 2021
News,SEA,Investments,Singapore,FinTech
Standard Chartered to provide $500M financing to BNPL firm Atome for its expansion
This funding will enable Atome Financial to grow and connect a wider ecosystem of merchants to a larger customer base, improving product access and financial inclusion for consumers across the region.
October 13, 2021
News,FinTech,Digital Transformation,SEA,Transportation,Logistics
Credit Suisse recognizes AirAsia Digital as tech unicorn alongside Carsome, Axiata’s Edotco
AirAsia Digital is valued at around $1 billion based on all-share transaction in July 2021, as reported by the company, Credit Suisse said in the report dated Oct 5.
October 12, 2021
News,SEA,Blockchain / Crypto,Singapore,FinTech
Xfers’ digital assets platform StraitsX hits $1.48B in transactions in 2021
Adding on to this announcement is the unveiling of StraitsX’s new platform and identity. The new StraitsX platform features a redesigned and streamlined user interface to enable faster and more efficient navigation.
October 11, 2021
News,Malaysia,Sustainability,FinTech,Venture Capital,Corporate Innovation
Malaysia-based Solarvest launches startup program focusing on RE, green tech, FinTech
Solarvest will assist in further fundraising and other grant applications that are relevant and help the company get connected by leveraging its extensive business network.
October 11, 2021
News,FinTech,Malaysia,Singapore
Bank Negara Malaysia working with ‘relevant authorities’ to address concerns over BNPL
It is important for individuals to understand the terms and conditions of the BNPL schemes, and to not take debt that they cannot afford, the regulator warned.
October 8, 2021
Singapore-based Funding Societies raises $18M in debt, on track to raise $120M
It is on track to raise $120 million in institutional debt for funding the growth needs of MSMEs in Southeast Asia.
October 8, 2021
Atome partners Softbank-backed travel tech firm Klook to expand BNPL services
The partnership will start in Singapore before rolling out to Hong Kong, Malaysia, and the Philippines in the coming months.
October 7, 2021
News,FinTech,Sustainability,Singapore,Blockchain / Crypto
UOB, SGX-backed ADDX collaborate on $36.8M sustainability-linked digital bond
UOB was appointed as a joint lead manager for the S$675-million ($496.56 million) sustainability-linked bond issued by Sembcorp, through its wholly-owned subsidiary Sembcorp Financial Services. The bank partnered with ADDX to custodise and manage a S$50-million ($36.78 million) portion of the bond.
October 7, 2021