FinTech
Indonesia digital ledger solution CrediBook secures $1.5M pre-Series A fund to grow SME base
CrediBook is a digital ledger that allows business owners to manage and track their expenses, accounts receivables, and receipts through a mobile platform. It mainly offers solutions for SMEs to better track their financials
Personal loan platform Lendela gets $2M in pre-Series A financing to support business expansion
With this capital infusion, Lendela intends to fund expansion activities. Operating in Singapore and Hong Kong, the FinTech’s growth plan focuses on gaining more customers and broadening its reach in its existing markets.
Singaporean VC Firm KK Fund returns to lead Malaysian startup CapBay’s $20M Series A
The fresh capital infusion will be used to expand its market reach for new potential investors and to work on its current tech to provide financing solutions for underserved SMEs
Ant Group-backed Mynt targets unicorn status as it seeks additional funding after $175M investment
After closing a $175 million private equity funding from the New York-based Bow Wave Capital Management, Mynt, also known as Globe FinTech Innovations, seeks to raise more funds to reach unicorn status.
Sea makes major FinTech push as it acquires Indonesia’s Bank BKE
With this acquisition, Sea, which is regarded as Southeast Asia’s most valuable company, strengthens its foothold in the FinTech sector. The company is inching closer towards its goal of becoming the financial technology leader in the ASEAN region.
Vietnam’s most widely used e-wallet app MoMo secures at least $100M in Series D
M-Service, the company responsible for operating Vietnam’s most popular e-wallet service MoMo, has secured at least $100 million in a Series D funding round. This is the most recent new capital infusion for the company since it closed its Series C in 2019.
Singapore FinTech Zipmex raises $6M to grow its digital assets exchange in Asia Pacific
The company plans to grow the team and work on its current product offerings and set up new offerings to further diversify. This will include working on ZipUp, Zipmex’s interest-bearing product, and ZMT, its new native token.
Singapore sets new rules for payment service companies that support crypto
On the first working day of 2021, Singapore’s Parliament approved a bill to impose stricter oversight on virtual payment service providers that support DPTs or cryptocurrencies
