FinTech

Pilon, a Singapore-based FinTech firm that offers cloud-based supply chain financing system, has on Friday announced that it has successfully raised a seed round of $5.2 million led by Wavemaker Partners. The round also saw participation from Octava Pte Ltd and Polaris Kin Pte Ltd.

Touch ‘n Go Group, via the Touch ‘n Go eWallet, has formed a strategic partnership with Visa, the world’s leader in digital payments, to launch the first corporate social responsibility (CSR)-linked Visa prepaid card in Malaysia.

PeopleFund Company, the South Korea artificial intelligence (AI)-based digital lending platform, has recently closed a $20 million funding round led by Bain Capital. A total of nine companies including Access Ventures, CLSA Capital Partners LendingArk Asia, D3 Jubilee Partners, 500 Global, Kakao Investment, TBT Partners, and IBX Partners have also…

Australia-based global fintech Airwallex has on Tuesday announced the launch of a partnership with American Express, allowing Airwallex customers to accept American Express Cards as a payment method.

Newly launched Filipino digital bank GoTyme Bank has partnered with global cloud banking platform Mambu to deliver an innovative digital banking solution that is aiming to improve access to high-quality financial services for Filipinos.

Komunal, an Indonesia-based fintech company, has on Tuesday announced that it has successfully secured $8.5 million of funding led by East Ventures (Growth fund). This funding round is also participated by AlphaTrio Sustainable Technology Fund, Skystar Capital, Sovereign’s Capital, Ozora, and Gobi Partners.

Orchestration is a hot topic across the payments industry in the US and Europe - but in APAC, it’s still a relatively new concept.

TrueMoney, a fintech subsidiary of Thailand-based Ascend Money, has launched in Malaysia via partnership with Lotus’s Stores Malaysia Sdn Bhd (Lotus’s Malaysia) on Thursday.

Indonesia-based fintech company Xendit has officially entered the Malaysian market offering up its diverse range of hyperlocal payment solutions to businesses in the country from small and medium sized enterprises (SMEs) and start-ups to giant corporations alike.

Fave, Malaysia-based smart payments app, has on Wednesday announced its partnership with TNG Digital Sdn Bhd owner and operator of Touch ‘n Go eWallet, and the launch of the Fave loyalty programme within Touch ‘n Go eWallet.