FinTech
The future of MSME financing will be collaborative, says IFS Capital’s Renchun Zeng [Q&A]
The future of SME financing will be increasingly tech-driven, inclusive, and accessible. Innovative financial solutions by traditional financial institutions and fintech firms will emerge.
SGX-listed iFAST Corp to continue digital bank ambition in Malaysia [Q&A]
It will target B40 segment while eyeing low-cost deposits globally.
Central banks of Australia, Malaysia, Singapore, South Africa to test central bank digital currencies for international settlements
Led by BIS Innovation Hub’s Singapore Centre, the project, dubbed Project Dunbar, aims to develop prototype shared platforms for cross-border transactions using multiple CBDCs.
ADDX, ICHAM ink $200M agreement linked to China government-granted quota for offshore investments
ADDX has reached an agreement with the Singapore-regulated wealth and fund management company ICHAM, which has received a $200 million allocation as part of the Chongqing government’s overall $5 billion QDLP quota. ADDX will be the primary venue for investments from the ICHAM fund in China authorized to raise capital from Chinese institutions and…
Airwallex secures money services business license in Malaysia, now positioned for growth in Southeast Asia
From early next year, businesses in Malaysia can enjoy "fast, transparent and cost-effective" international payments in multiple currencies, empowering them to operate and grow globally.
Indonesia’s Ayoconnect raises $10M in Pre-Series B funding round
Pre-Series B funding allows Ayoconnect to continue to focus on growth, recruitment, and product development - particularly in building the API economy in Indonesia with full-stack API solutions.
Singapore’s Zipmex bags over $41M in Series B funding round
Bank of Ayudhya’s corporate venture capital arm, Krungsi Finnovate, has joined as an investor. Plan B Media Public Company Ltd and Master Ad Public Company Ltd have also announced their commitment to the company in the Series B fundraising.
Malaysia’s Islamic crowdfunding platform Ethis Group raises $1.7M in pre-Series A round
This ‘Super Angel’ round included leaders and executives from Islamic finance and fund management across various jurisdictions.
Taiwan’s XREX raises $17M in Pre-Series A funding round led by CDIB Capital
XREX will use the funding to expand its fiat currency portfolio, acquire additional licenses, and forge partnerships with more financial institutions and digital wallets.
3 Ways cryptocurrency is innovating finance in the APAC region
Cryptocurrency is one of the most innovative ideas of the 21st Century. It is not only disrupting the financial system. More importantly, it has created new ecosystems not only in the finance sector but in many other markets that are now pursuing more innovations in response to the increasing use of crypto and blockchain.
