FinTech

Malaysia and Cambodia central banks team up to strengthen regional cooperation in financial innovation and payments

Bank Negara Malaysia (BNM) and the National Bank of Cambodia (NBC) said Tuesday they have signed a Memorandum of Understanding (MoU) to strengthen cooperation in financial innovation and payments. The MoU will promote closer cooperation between BNM and NBC to drive financial innovation and foster more efficient and secure cross-border payments for the…

Singapore’s fintech firm Refy secures $525,000 pre-seed funding from Wavemaker Impact

Refy, a Singapore-based green asset fintech financier, has successfully secured a pre-seed investment of $525,000 from Wavemaker Impact (WMi) to accelerate its mission of unlocking the market for small- and mid-sized green assets within the commercial and industrial (C&I) sectors.

Singapore FinTech Association launches Project Tapir to connect Singapore’s FinTechs with Malaysian VCs

The Singapore FinTech Association (SFA) has launched Project Tapir, partnering with Malaysia-based venture capital (VC) firms, Artem Ventures and OSK Ventures International Berhad (OSKVI) to identify and showcase promising Singapore FinTech companies who are keen to launch in Malaysia.

Vietnamese FinTech firm 1Long raises $500,000 for technology development

Vietnam-based 1Long, a financial technology platform focused on helping individuals achieve financial goals, has on Monday announced securing a $500,000 investment in a pre-seed round. The funding is contributed by major investors including Iterative, Monk’s Hill Ventures, R2VP, and Orionis Capital.

Indonesian fintech firm JULO reports profitability in 2023

JULO, an Indonesia-based digital financial servicesplatform, has on Monday announced it has achieved an annual recurring revenue of over $120 million, with its total loan disbursement experiencing a 50 percent growth in 2023. The milestone comes alongside the company reporting operating profit breakeven in December 2023, underscoring its sustainable…

Philippines-based SME lender ProCredit secures $4.1M in Pre-Seed funding led by Integra Partners

ProCredit, a Philippines-based small and medium-sized enterprise (SME) lender, closed a $4.1 million pre-seed round, led by Integra Partners. The round also saw participation from the Menardo Jimenez Family Office, M Venture Partners (MVP), Cento Ventures, Gobi Partners (Gobi-Core Philippine Fund), and several local angels.

Navigating the digital wave: opportunities & growth explored in EBANX’s Beyond Borders 2024 report

For global companies, rising economies represent an enormous growth opportunity, especially for digital businesses. Digital industries across the world have reached a plateau, with high levels of competition and user penetration.

Helicap partners Bank Danamon to support alternative lending in Indonesia

Singaporean finTech firm Helicap Pte Ltd and Indonesian lender PT Bank Danamon Indonesia Tbk (Danamon) have on Thursday announced a strategic partnership to support fintech and alternative lending industry in Indonesia.

UNOAsia secures $32.1M pre-series B funding for expansion in Philippines

Singapore-headquartered fintech firm UNOAsia Pte Ltd has raised $32.1 million in a pre-Series B round to propel its mission to reshape the future of banking in the Philippines. This funding round represents a blend of equity and debt, which augurs well for UNOAsia as it seeks to solidify UNO Digital Bank’s presence in the Philippines and to accelerate its…

Singapore fintech platform Xalts acquires Contour Network from consortium of global banks

Accel and Citi Ventures-backed Singapore fintech firm Xalts has on Tuesday announced its acquisition of Contour Network, owned by a consortium of global banks, to accelerate digitization in trade and supply chain finance.