FinTech
Ant-backed Ascend Money hits $1.5B valuation with $150M new funding, becomes Thailand’s first tech unicorn
The funds will be used to grow the user base of its e-wallet application - TrueMoney Wallet - and to expand digital financial services, including digital lending, digital investment, and cross-border remittances across Southeast Asia.
Malaysia & Singapore to link real-time payment systems in Q4 2022
The first phase of the DuitNow-PayNow linkage will be launched in the fourth quarter of 2022 and will allow customers of participating financial institutions to make real-time fund transfers between Malaysia and Singapore using just a mobile number.
SoftBank Ventures Asia leads FinTech startup OY! Indonesia’s $30M Series A funding round
Other investors include MDI, Pavilion Capital, AC Venture, CCV, Wavemaker, PT SAT, Saison Capital, Orion Advisors (DST Founders).
Singapore payments firm Spenmo secures $34M Series A led by Insight Partners
Led by Insights Partners, Spenmo has clinched one of Singapore’s largest Series A funding rounds to date.
The future of banking: Money redefined in a financialized world (part 1 of 3)
Alternative assets are going mainstream and this expands the asset space dramatically. All types of assets will be increasingly digitized, fractionalized, and tokenized--along with the liquidity built around it.
Fave partners Google Pay to offer cashback to Singaporean users
The partnership reinforces the alignment between Fave's and Google Pay’s visions in providing a seamless mode of payment while rewarding a new generation of savvy consumers in their day-to-day transactions.
Malaysia finance minister says Indonesian FinTech unicorn Xendit to relocate financial hub to Malaysia – report
Xendit will relocate its financial hub to Malaysia, following an investment from the Malaysian government’s venture capital investment fund.
Airwallex raises $200M in Series E led by Lone Pine Capital, reaches $4B valuation
The investment will support Airwallex's global expansion and enable the company to accelerate multiple product development initiatives across its engineering hubs, grow its sales teams and increase its breadth of offerings for SMEs and larger enterprises.
Digital payments are no longer just ‘nice-to-have’ but are now ‘must-have’ in business strategy, says 2C2P’s Aung Kyaw Moe [Q&A]
As the world becomes increasingly digital, there is an opportunity to ride on the growth of digital payments and provide secure and reliable financial services to meet the ever-changing needs of consumers here in the region. We expect to see a further acceleration in the adoption of digital payments in Southeast Asia as digital payments are no longer a…
Indonesia’s Indepay launches tara.app, an open transfer platform aimed at accelerating digital payments for consumers and MSMEs
The tara.app framework relies on open APIs with deep integration with major banks, financial institutions, and technology partners. Indepay says that nine major banks are in the process of enabling this open transfer platform.
