FinTech

Other investors include MDI, Pavilion Capital, AC Venture, CCV, Wavemaker, PT SAT, Saison Capital, Orion Advisors (DST Founders).

Led by Insights Partners, Spenmo has clinched one of Singapore’s largest Series A funding rounds to date.

Alternative assets are going mainstream and this expands the asset space dramatically. All types of assets will be increasingly digitized, fractionalized, and tokenized--along with the liquidity built around it.

The partnership reinforces the alignment between Fave's and Google Pay’s visions in providing a seamless mode of payment while rewarding a new generation of savvy consumers in their day-to-day transactions.

Xendit will relocate its financial hub to Malaysia, following an investment from the Malaysian government’s venture capital investment fund.

The investment will support Airwallex's global expansion and enable the company to accelerate multiple product development initiatives across its engineering hubs, grow its sales teams and increase its breadth of offerings for SMEs and larger enterprises.

As the world becomes increasingly digital, there is an opportunity to ride on the growth of digital payments and provide secure and reliable financial services to meet the ever-changing needs of consumers here in the region. We expect to see a further acceleration in the adoption of digital payments in Southeast Asia as digital payments are no longer a…

The tara.app framework relies on open APIs with deep integration with major banks, financial institutions, and technology partners. Indepay says that nine major banks are in the process of enabling this open transfer platform.

SCB Abacus will use the fresh funds to strengthen its digital infrastructures, drive product adoption and recruit additional talent.

An emerging preference for digital payments naturally leads to consumers increasingly demanding faster and more affordable payment options--which in turn is spurring innovation among fintech startups and traditional financial institutions alike.