FinTech
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.
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.
