FinTech
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.
MoneyHero plans to go public via merger with Bridgetown
CompareAsia Group Capital Limited (MoneyHero), a Singapore and Hong Kong-based financial products platform, is planning to go public in partnership with Bridgetown Holdings Limited, a special purpose acquisition company formed as a collaboration between Pacific Century Group and Thiel Capital LLC.
Axiata plans to launch digital bank by year-end – report
Malaysia-based telco Axiata Group Bhd plans to launch its digital bank by end-2023 and targets to make it profitable over the next three to four years
Atome partners with Amazon to offer deferred payment option during checkout in Singapore
Atome, a Singapore-based buy-now-pay-later (BNPL) platform, has on Wednesday announced that its flexible buy now pay later payment option is now available for Amazon customers in Singapore during checkout.
OCBC partners ADDX to launch tokenized equity-linked structured note
Singaporean bank OCBC Bank has partnered with the country's private market exchange ADDX to distribute its first tokenised equity-linked structured note to accredited investors.
Superbank, Home Credit join forces to provide financing solutions for underbanked Indonesians
PT Super Bank Indonesia (Superbank) has announced a strategic partnership with PT Home Credit Indonesia (Home Credit) to expand access to inclusive financing for underbanked communities in Indonesia.
India’s PhonePe secures an additional $100M investment from General Atlantic
Indian financial technology firm PhonePe has on Monday announced that it has secured an additional $100 million investment from General Atlantic, a global growth equity firm, as part of its ongoing fundraise.
