FinTech
Malaysia’s Carsome banks on digital banking to complement existing car business
In the interview, Kee also shared the opportunities Carsome sees in building a digital bank in Malaysia and the competitive edge it has against others. He, however, declined to comment on the launching timeline of the digital bank.
India’s Vance raises $5.8M seed round led by Hummingbird Ventures
India-based neo-banking platform Vance has raised $5.8 million in a seed round led by Hummingbird Ventures. The round also saw participation from Global Founders Capital, YCombinator, Soma Capital and seasoned angels such as Alan Rutledge and Gokul Rajaram.
Malaysia’s Instapay Technologies raises $4.75M Series A funding led by Daiwa Securities-backed fund
Malaysia-based payments fintech firm Instapay Technologies Sdn Bhd, has raised $4.75 million Series A funding round, to fuel its growth in ASEAN and Middle East markets.
Malaysia’s Revenue Monster clinches $6.6M funding from SEA Capital
Revenue Monster Group, a Malaysian financial technology company, has announced a successful private equity funding round and the signing of a memorandum of understanding (MoU) that solidifies its mission to create Malaysia’s most holistic FinTech solutions ecosystem to fast-track Malaysia’s digital transformation.
PPRO makes moves in Malaysia with integration of Grabpay and Touch ‘N Go
PPRO, the global provider of digital payments infrastructure, has strengthened its market coverage of Malaysia with the integration of major e-wallets GrabPay and Touch ‘n Go on its payments infrastructure.
China’s Weixin Pay offers digital payment to nearly 10,000 hawkers in Singapore
Weixin Pay, the mobile payment function of Tencent's popular social platform Weixin, has increased access for Weixin Pay travellers exploring Singapore to the nation’s unique hawker culture, offering them the ease of payment to nearly 10,000 hawker stalls across the country.
WeLab and Astra complete Bank Jasa Jakarta acquisition
WeLab, a Hong Kong-based fintech platform, announced Monday the completion of the acquisition of an Indonesian commercial bank, PT Bank Jasa Jakarta (BJJ), together with PT Astra International Tbk (Astra), one of Indonesia's largest public companies.
Singapore and Indonesia-based Fazz secures $100M Series C funding
Singapore and Indonesia-based digital financial services group Fazz (previously known as Fazz Financial Group), announced Wednesday a $100 million Series C funding round. This consists of $75 million in equity, which includes investment from existing investors such as Tiger Global, DST Investment, B Capital, Insignia Ventures Partners and ACE & Company.
Singapore digital bank Trust reaches 100,000 customers
Singapore digital bank Trust announced Tuesday that its community of customers has reached 100,000 following its launch on 1 September.
Singapore’s M-DAQ Global opens Japan office as part of international expansion
M-DAQ Global, a Singapore-headquartered fintech company, announced Monday that it has expanded its global footprint with the opening of its Japanese office through its wholly-owned Japanese subsidiary, M-DAQ Japan K.K.
