FinTech

Cashku, a Malaysia-based end-to-end digital financial planning platform, has announced a new $2.4 million round of investment led by prominent investors.

Singapore-based fintech firm Atlas Consolidated has secured $18.1 million in Series B funding led by Tin Men Capital to accelerate global adoption of HugoHub.

Malaysia's conglomerate YTL Group and its partner tech giant SEA Ltd have launched Ryt Bank, the world’s first artificial intelligence (AI)-powered Bank created by Malaysians, for Malaysians.

2C2P Pte Ltd, a Singapore-based full-suite payments platform, announced Wednesday that it has been granted a Major Payment Institution license from the Monetary Authority of Singapore (MAS).

Payments Network Malaysia Sdn Bhd (PayNet), Malaysia’s national payments network, and Ant International, a Chinese global digital payment, digitization and financial technology provider, have expanded their partnership with a new memorandum of understanding (MoU).

Carro, the Singapore-based online used car platform, has signed a Memorandum of Understanding with fintech platform SY Holdings, entering a strategic partnership that will support Carro’s expansion plans through tech-enabled financing solutions.

StashAway, a Malaysia-based digital wealth management platform, has announced the release of its Shariah global portfolios.

“Asia is showing extraordinary resilience and focusing on international growth,” said Sarita Singh, regional head and managing director for Southeast Asia, India, and Greater China at Stripe.

IFAST Corporation Ltd. announced last Friday that its Malaysia-incorporated subsidiary, iFAST Pay Malaysia Sdn Bhd, has received approval-in-principle from Bank Negara Malaysia to operate as an Electronic Money (E-Money) Issuer and to hold a Money Services Business (MSB) Class A license.

Inclusion without trust is a false promise. The next phase of fintech’s growth in SEA must be impact-first—because when trust is designed in from the start, everyone wins.