FinTech
Driving global payment innovation: Enhancing efficiency and customer experience
As the paradigm for customer engagement evolves, flexibility becomes crucial in addressing regulatory requirements that change daily and sometimes hourly. Achieving the next phase of customer engagement in the digital world requires organizations to elevate the customer experience without creating unnecessary friction in the customer journey. Companies that…
Indonesia’s Ringkas raises $3.5M in seed round co-led by East Ventures and Crestone Venture Capital
Ringkas, an Indonesia-based digital mortgage platform, announced Wednesday it has secured a US$3.5 million in seed round co-led by East Ventures and Crestone Venture Capital. Other investors that participated include 500 Global, Teja Ventures, Orvel Ventures, Hustle Fund, and others.
Tourists can now use AlipayHK, Kakao Pay, Touch ‘n Go, Alipay China in Thailand
Ant Group, the Chinese operator of Alipay+, the global cross-border digital payments and marketing solution, has on Monday announced that a total of four mobile wallets are now accepted in Thailand. These include AlipayHK (Hong Kong SAR), Kakao Pay (South Korea), Touch ‘n Go eWallet (Malaysia) and Alipay (Chinese mainland), which has been accepted by Thai…
Stockbit and Fullerton Fund Management forge strategic partnership and acquire PT Ayers Asia Asset Management
Indonesia-based digital investing platform PT Stockbit Investa Bersama (Stockbit) and Singapore-headquartered investment firm Fullerton Fund Management Company Ltd (Fullerton), have entered into a strategic partnership to address the wealth management needs of Indonesian investors.
KAF-Carsome consortium targets to launch digital bank as early as year-end
Carsome, together with FinTech firm Jirnexu and digital remittance platform MoneyMatch, forms part of the consortium led by KAF Investment Bank which will be licensed under the Islamic Financial Services Act (IFSA) 2014.
South and Southeast Asia fintechs raises $53.3B to date in alternative lending, digital banking, payments and transfers, and e-wallet
Over the entire history, fintechs in alternative lending, digital banking, payments and transfers, e-wallet sectors have raised a grand total of $53.3 billion and earned $17.8 billion, said in a study revealed by Robocash Group on last Thursday.
India’s XFlow raises $10.2M in Pre-Series A funding led by Square Peg
XFlow, an India-based financial services and infrastructure company, has on Thursday announced that it has raised a Pre-Series A round of $10.2 million. The round was led by Square Peg with participation from Moore Strategic Ventures and existing investors Lightspeedand General Catalyst.
MoneyHero plans to go public via merger with Bridgetown
CompareAsia Group Capital Limited (MoneyHero), a Singapore and Hong Kong-based financial products platform, is planning to go public in partnership with Bridgetown Holdings Limited, a special purpose acquisition company formed as a collaboration between Pacific Century Group and Thiel Capital LLC.
Axiata plans to launch digital bank by year-end – report
Malaysia-based telco Axiata Group Bhd plans to launch its digital bank by end-2023 and targets to make it profitable over the next three to four years
Atome partners with Amazon to offer deferred payment option during checkout in Singapore
Atome, a Singapore-based buy-now-pay-later (BNPL) platform, has on Wednesday announced that its flexible buy now pay later payment option is now available for Amazon customers in Singapore during checkout.
