FinTech
Superbank, Genesis Alternative Ventures launch $39.38M financing solution for innovative Indonesian startups
PT Super Bank Indonesia (Superbank) and Genesis Alternative Ventures (Genesis), Singapore-based venture lender, have launched a financing solution, with both entities committing up to IDR 600 billion ($39.38 million) to back innovative Indonesian startups.
India’s PhonePe launches stock broking platform Share(dot)Market
Indian digital payments and financial services company PhonePe, has on Wednesday announced its foray into stock broking with Share(dot)Market, under its subsidiary PhonePe Wealth Broking Pvt. Ltd. Share(dot)Market elevates discount broking by providing market intelligence, quantitative research-based WealthBaskets, a scalable technology platform, and great…
Singapore’s Qashier raises $10M in Series A funding co-led by Delivery Hero Ventures, IFP Securities
Singapore-based fintech startup Qashier announced Wednesday that it has secured $10 million in a Series A funding round. The funding round was co-led by Delivery Hero Ventures, an independent venture capital fund backed by Delivery Hero, the world’s leading local delivery platform, and IFP Securities.
Funding Societies partners PEKEMA to bolster Malaysian automotive industry via digital financing
Funding Societies, the Singapore-based digital finance platform for small and medium enterprises (SMEs), and the Malay Vehicle Importers and Dealers Association of Malaysia (PEKEMA) and have entered into a collaborative effort to facilitate accessible financing through a digital financial platform. The collaborative agreement, formalized through this…
Ant partners PayNet to promote payment for inbound and outbound Malaysian travellers
Chinese FinTech firm Ant Group has partnered Malaysian payment firm PayNet to promote payment for inbound and outbound Malaysian travelers. The partnership will enable all Malaysian e-wallets supported by PayNet to be accepted by Alipay+ merchants network globally in 2024.
Singapore’s FOMO Pay bolsters digital asset compliance through strategic partnership with Notabene
FOMO Pay, a Singapore-based digital payment and digital banking solutions provider, has on Tuesday announced its strategic partnership with Notabene. The implementation of Notabene's end-to-end solution for global travel rule compliance enables FOMO Pay to further enhance its know-your-transaction (KYT) capabilities and highlights FOMO Pay's commitment to…
Vietnam’s MFast secures Series A funding led by Wavemaker Partners, sets sights on regional expansion
MFast, a financial services distribution network in Vietnam, has concluded its Series A funding round, led by Wavemaker Partners. The round also saw participation from new investors Finnoventure Fund I, managed by Krungsri Finnovate, and Headline Asia, along with existing investors Do Ventures, JAFCO Asia, and Ascend Vietnam Ventures.
Vietnam joins regional payment connectivity initiative
State Bank of Vietnam (SBV), the central bank of Vietnam, has officially joined the regional payment connectivity (RPC) initiative. The RPC initiative was established to strengthen and enhance collaboration on payment connectivity through the development for faster, cheaper, more transparent, and more inclusive cross-border payments.
Vietnamese internet firm VNG seeks $150 million in US listing – report
The news came after Vietnam-based electric car maker VinFast's recent sterling debut in the US. VinFast's shares have rocketed after its US debut earlier this month.
Tracxn : Vietnam’s FinTech sector funding plunges 67 pct in first half amid global economic uncertainty
The FinTech sector in Vietnam has experienced a significant downturn in funding throughout 2023, largely attributed to the lingering effects of the funding winter and the prevailing global macroeconomic uncertainty, Technologies Ltd said on Friday. The first half of 2023 has seen a remarkable drop in Vietnam FinTech funding, with total funding dropping 67…
