FinTech
Philippine-based Zed secures license to operate as a standalone credit card issuer
Zed, a credit-led neobank, announced Wednesday it has received its certificate of authority to operate as a standalone credit card issuer from the Bangko Sentral ng Pilipinas (BSP).
IFC provides $150M to Vietnam’s SeABank to issue blue bond and boost climate finance
To catalyze a viable blue finance market while fostering green bonds and supporting smaller businesses in Vietnam, International Finance Corporation (IFC) is providing a financing package of $150 million to Southeast Asia Commercial Joint Stock Bank (SeABank).
Silverlake Axis ventures into Cambodia through strategic partnership with Chip Mong
Singapore-listed fintech and digital banking solutions provider Silverlake Axis Ltd. (SAL) has ventured into Cambodia through strategic partnership with Chip Mong Group, a Cambodian conglomerate.
Singapore’s Atome Financial secures up to $100M growth debt facility from EvolutionX to drive expansion in Southeast Asia
Singapore-based fintech firm Atome Financial has secured up to $100 million growth debt facility from EvolutionX to drive profitable expansion in Southeast Asia.
Hong Kong fintech firm FundPark secures $250M in loan led by HSBC
FundPark, a Hong Kong-based fintech company, has closed an asset-backed securitization (ABS) facility of up to $250 million, of which HSBC will provide up to $200 million as the senior lender.
Norfund grants $30M convertible loan to Vietnam’s SeABank
Norfund, the Norwegian Investment Fund for Developing Countries, has decided to invest $30 million to Vietnam-based Southeast Asia Commercial Joint Stock Bank (SeABank) in form of a convertible loan.
Airwallex for Startups debuts in Singapore to help drive local startup success
Amid increasing positive sentiment about the business climate , Airwallex has launched its ‘Airwallex for Startups’ program in Singapore to further empower the city- state's community of over 55,000 startups.
IFC partners Li & Fung and LFX to support SME growth and digitalization in Asia’s supply chains
International Finance Corporation (IFC) has partnered with Hong Kong-based supply-chain services provider in the apparel and general merchandise industry Li & Fung and its affiliate LFX to support small and medium-sized enterprise (SME) growth and digitalization in Asia's supply chains.
Singapore and Cambodia initiate Financial Transparency Corridor initiative
The Monetary Authority of Singapore (MAS) and the National Bank of Cambodia (NBC) have on Tuesday announced the start of the Financial Transparency Corridor (FTC) initiative between Singapore and Cambodia.
Accion Digital Transformation Fund invests $17.5M in Indonesian microfinance technology company Amartha
Global nonprofit Accion has on Tuesday announced a $17.5 million equity investment from the Accion Digital Transformation Fund in Indonesian microfinance technology company, Amartha.
