FinTech

Filipino fintech Advance has successfully secured $16 million in a pre-Series A funding led by Do Ventures out of Vietnam and Lendable, a technology-enabled investment and debt provider to fintechs in emerging markets.

Malaysia-based financial planning firm Advisonomics has joined hands with cloud payroll and human resource software provider Kakitangan.com to work together in making the CashKu digital financial planning app accessible to more people.

United States-based fintech firm Vemanti Group has chosen United Kingdom-based financial software company Finastra to help build Southeast Asia’s first small and medium-sized enterprise-focused neobank.

Kredivo Holdings (formerly known as FinAccel), the parent company of Kredivo and Krom Bank Indonesia, has on Thursday announced that it has raised $270 million in equity financing in a significantly oversubscribed round, bringing its Series D fundraise to a successful close.

Philippine-based UNO Digital Bank has partnered with Philippine mobile wallet app GCash to integrate its services in GSave.

Vietnamese digital payment firm MoMo and American multinational financial services company have on Monday announced a strategic collaboration enabling customers to receive Western Union money transfers on the MoMo app.

PhonePe, one of India’s largest fintech platforms, has on Friday announced it has raised additional $200 million in primary capital from Walmart, at a pre-money valuation of $12 billion.

Singapore-based environmental, social, and governance (ESG) fintech firm Hashstacs Pte Ltd (STACS), has on Thursday announced its partnership with green logistics certification body and non-profit association Green Freight Asia Network (GFA) to greenify the transportation and logistics sector and enable access to sustainable financing.

The RHB Xcelerator programme, which have been launched by Malaysian lender RHB Banking Group and Malaysian venture capital (VC) firm 1337 Ventures, has announced 11 finalists that will compete at its first Demo Day.

Indonesian Islamic digital bank Hijra Bank is optimistic that its performance this year will increase, because it is supported by the number of users that have experienced significant growth, in line with the high public needs in sharia financial services.