FinTech

Japan-based conglomerate Mitsubishi Corporation said Friday it will invest in Ayala Corporation joint venture with stake in Globe Fintech Innovations, Inc. (Mynt), the parent company of the Philippines-based finance super app.

China and Southeast Asia led the growth among core regional markets for WorldFirst, which also include the UK, Europe, and Australia.

Yuno earlier this year raised a $25 million Series A round from investors including Andreessen Horowitz, Tiger Global, DST Global Partners, Kaszek Ventures, and Monashees, to fuel its ambitious expansion plans across Asia, Europe, the Middle East, and Africa.

The total funding into Southeast Asia (SEA) FinTech startups fell 28 percent to $322 million in the third quarter of 2024 from $447.5 million in the second quarter, Tracxn said Wednesday.

The MPI license will enable Aspire to expand this suite of services, offering even more comprehensive and secure financial solutions to its rapidly growing customer base of over 50,000+ companies worldwide.

OneLot, a Philippine-based lending fintech company, said Monday that it has raised $4 million in pre-seed funding in an oversubscribed round led by 468 Capital.

Maybank Investment Bank sees virtual banking investment and expected increases in cyber-security spending as two key drivers for Thailand tech services sectors in the next two years.

FundPark, a Hong Kong-based fintech firm, has announced it has surpassed $3 billion in total capital deployed to support underserved entrepreneurs and digital businesses.

Malaysia-based technology firm HeiTech Padu has terminated its plan to acquire 30 percent stake in Islamic payment firm Souqa Fintech.

Bursa Malaysia Berhad, TNG Digital Sdn. Bhd., and Affin Hwang Investment Bank Berhad have on Tuesday announced the launch of e-Trade, the first equities market trading feature within the TNG eWallet.