FinTech
FOMO Pay implements Moody’s Analytics End-to-End KYC/AML Risk Monitoring Solutions
FOMO Pay, the Singapore-headquartered major payment institution, announced Monday its implementation of Moody's Analytics know your customer (KYC) solution to monitor risk and secure compliance of its digital payments and digital banking services.
Singaporean fintech firm Pilon secures fresh funding Kaya Founders
Pilon, a Singapore-headquartered FinTech firm that offers cloud-based supply chain financing system, announced Thursday that it has successfully secured a top-up round from Philippines-based Kaya Founders to accelerate growth plans and strengthen its presence in the Philippines market.
Digital banking is the most competitive sector in Southeast Asia’s fintech market, says Rabocash
The digital banking sector is the most competitive in the Southeast Asia (SEA), with a score of 9,692 on the Herfindahl-Hirschman Index (HHI) (reverse) index, Robocash Group said Thursday.
Indonesian B2B payments orchestrator Durianpay eyes expansion following five times TPV growth
Indonesian business to business (B2B) payments orchestrator Durianpay has announced its plans for further expansion following a remarkable financial performance in the first half of 2023. The firm reported a five times year on year growth in total processing value (TPV) since 2022 and a positive gross margin since its first year of operating.
Malaysia central bank, ASEAN 5 to set up multilateral platform for cross-border payment connectivity
A key highlight at the symposium is the showcasing of Malaysia’s cross-border QR payment linkages with Indonesia, Singapore, and Thailand. It features an exhibition with food vendors from Malaysia, Indonesia, Singapore, and Thailand.
Seedstars’ Alisée de Tonnac on investing in global startups and emerging markets [Q&A]
We envision Seedstars to be at the forefront of driving entrepreneurship and investment in emerging markets. We aim to expand our footprint, invest in more startups, and empower more entrepreneurs through our educational programs.
Singaporean digital private debt platform Kilde raises $1.12M seed round
Kilde, a digital private debt platform based in Singapore, announced Tuesday that it had received a $1.12 million seed round investment from Big Sky Capital, Borderless Capital, AXL ventures, Algorand Foundation, and angel investors.
Singapore’s Aspire hits profitability three months after closing $100M Series C funding
Just months after closing an oversubscribed $100 million Series C round, Singapore-based business to business (B2B) fintech firm Aspire announced that it has achieved profitability.
Malaysian FinTech firm Bayo Pay raises $2.2M in funding led by VentureTECH SBI
Malaysian FinTech firm Bayo Pay (M) Sdn Bhd has raised $2.2 million Series A funding led by venture capital firm VentureTECH SBI Sdn Bhd. VentureTECH SBI and VentureTECH Sdn Bhd have invested MYR 7 million ($1.52 million) and MYR 3 million ($650,000) respectively in Bayo Pay.
Maybank launches cross-border QR payment service for Malaysians travelling abroad and tourists visiting Malaysia
Malaysian largest lender Malayan Banking Bhd (Maybank) said Tuesday it has recently launched its cross-border QR payment service for Maybank customers travelling to Singapore, Indonesia, and Thailand as they can now make cashless and instant payment transactions via the MAE app.
