FinTech
Grab retires $600M in 2026 debt with extra cash – report
The Singapore-based ride-hailing and delivery company completed the transaction last week, bringing its debt under an outstanding term loan to $517 million, down from the previous balance of $1.117 billion. Grab also has about $200 million in other bank debt.
Singapore’s Endowus launches community impact initiative
Endowus, a Singapore-based digital wealth platform, has launched a community impact initiative, Endowus Empower. This initiative aims to provide underrepresented, underserved, and underprivileged groups with the right tools, advice, opportunities, and community support to reach their wealth and life goals.
Creating a more equitable financial system with inclusive fintech
Inclusive fintech has the potential to revolutionize the financial industry and create a more equitable and just financial system for all. By using technology to provide financial services to underserved and unbanked populations, we can help break down barriers and promote financial inclusion for all.
FOMO Pay has officially become the member of Singapore Clearing House Association (SCHA)
FOMO Pay, a Singapore-based major payment institution, has on Monday announced its official membership in the Singapore Clearing House Association (SCHA), a prestigious organization comprising the Monetary Authority of Singapore (MAS) and elected financial institutions.
Singapore’s iLex closes $4.5M Pre-Series A round led by QBN Capital
ILex, a Singapore-based market infrastructure provider for syndicated loan and private debt markets, has on Thursday announced it has raised $4.5 million in new capital. The round was led by QBN Capital, with participation from existing and new investors.
Grab has liquidity to drive operations, says S&P Global Ratings
The stable rating outlook on Grab reflects S&P Global Ratings' view that the company will maintain sufficient liquidity to tide it through until it reaches positive EBITDA and cash flow by 2025.
SoftBank, Ant Group seek to sell Paytm stake to reduce holding in payments firm – report
Ant Group and SoftBank have discussed selling shares in the company through a secondary stock deal, according to the report.
Southeast Asia & South Asia see 83% drop in fintech startups; investors opt for risk-averse strategies
The countries of South and Southeast Asia saw a year on year decline of 83 percent in new fintechs in 2022, with only 349 startups emerging in the region, says Robocash Group.
DBS to apply for crypto licence in Hong Kong – report
When the regulations in Hong Kong are clear, and the bank “understands exactly the framework,” DBS will be one of the lenders interested in participating, said Paredes.
PPRO extends global cross-border payments infrastructure into South Korea
United Kingdom-based FinTech firm PPRO has extended its infrastructure to the South Korean market through integrating South Korean local cards and Toss Pay, one of the most popular e-wallets in South Korea onto its platform.
