FinTech

Singapore-based consumer internet firm Sea Limited said Tuesday that its net loss in the second quarter has widened to $931.2 million from $433.7 million a year ago, amid higher expenses.

Funding Societies, the largest small and medium-sized enterprises (SME) digital financing platform in Malaysia and Southeast Asia, announced Monday its latest enhanced product BizFund, to support creditworthy underserved Malaysian SMEs returning to their full economic potential as markets recover following the outbreak of the Covid-19 pandemic.

DANA, a digital wallet-based financial technology company in Indonesia, announced Wednesday the close of the latest investment from Indonesian conglomerate Sinar Mas and leading e-Commerce company Lazada Group.

Singapore-based FinTech firm Atome Financial announced Thursday it has entered into an $100 million debt facility with HSBC Singapore to supercharge Atome Financial’s flexible deferred payments business across Asia

Thunes, a Singapore-based cross-border payments company, announced Wednesday that it is accelerating the expansion of its services in the Middle East and North Africa (MENA) region, setting up an office in the Kingdom of Saudi Arabia, and appointing a new country head – Ahmad Yaacoub.

Thousands of retailers in Malaysia will accept Apple Pay, with support from some of the country’s most established banks across major credit and debit networks, Apple said

Revolut, the United Kingdom-based financial superapp, on Thursday launched a new cryptocurrency service in Singapore, enabling customers to securely buy, hold and sell cryptocurrencies with the tap of a button. Revolut is providing all customers in Singapore with more than 80 tokens available via its app.

With the higher obligation to facilitate customer engagement, improved profitability, and control, the stronger need for automating the traditional banking services has paved the path for real-time payment transactions.

GoTyme Bank was awarded its Certificate of Authority (COA) to operate as a digital bank by the Bangko Sentralng Pilipinas (BSP) last Friday. The issuance of a COA is the third and final stage involved in establishing a digital bank in the country.

To date, UNOAsia has secured $44.5 million in investment in its pre-seed, seed, and pre-Series A rounds, which includes drawn-down capital of $34 million.