FinTech

Choco Up, an Asia-based growth financing platform, has entered into a strategic partnership with Wonder Capital Group Limited, a Hong Kong-based independent investment management firm, to begin a series of private credit funds projected to raise $50 million, to fund Asia Pacific (APAC) small and medium-sized enterprises (SMEs).

Buhayin, the Philippines-based advocacy agency for emerging island hubs, has partnered with China-based cryptocurrency exchange and Web3 company Bitget and Bitget Wallet to drive financial and digital inclusion in Siargao.

The Indonesia Investment Authority (INA) and a subsidiary of Ares Management Corporation have entered into an investment framework agreement (IFA) to foster investments through innovative financing mechanisms such as hybrid capital solutions (HCS) and securitization.

Global payments and financial platform Airwallex has signed a definitive agreement to acquire CTIN Pay, an Intermediary Payment Service (IPS) licensed company in Vietnam, to accelerate its Asia-Pacific (APAC) expansion.

India’s fintech firm Razorpay has on Thursday announced its expansion into Singapore, marking its second destination in South-East Asia.

GXS Bank, a joint venture between Grab Holdings and Singtel, has partnered with US-based technology consultancy firm Thoughtworks to accelerate its digital bank launch in Southeast Asia (SEA).

Fintech platform Bay Commerce (Thailand) (CapBay Thailand) has signed a memorandum of understanding (MOU) with the Office of Small and Medium Enterprises Promotion (OSMEP) to enhance access to alternative financing solutions for small and medium-sized enterprises (SMEs) in Thailand.

Funding Societies | Modalku (Funding Societies), the Singapore-based digital finance platform, has on Wednesday announced a partnership with Boss Boleh, the Malaysia-based online company secretary provider, to provide digital financing solutions to startups and young small and medium-sized enterprises (SMEs) in Malaysia.

Singapore-based fintech firm Atome has partnered with Ant Group's multi-cloud distributed database systems provider OceanBase to enhance its backend infrastructure to drive higher performance, scalability, and security.

Endowus, the Singapore-based independent wealth management platform, has announced key appointments in Hong Kong and organizational updates in its group investment office functions as the company scales its growth in Hong Kong and strengthens the capabilities of its Investment Office (IO).