FinTech

Singapore-based fintech firm Atome Financial has secured up to $100 million growth debt facility from EvolutionX to drive profitable expansion in Southeast Asia.

FundPark, a Hong Kong-based fintech company, has closed an asset-backed securitization (ABS) facility of up to $250 million, of which HSBC will provide up to $200 million as the senior lender.

Norfund, the Norwegian Investment Fund for Developing Countries, has decided to invest $30 million to Vietnam-based Southeast Asia Commercial Joint Stock Bank (SeABank) in form of a convertible loan.

Amid increasing positive sentiment about the business climate , Airwallex has launched its ‘Airwallex for Startups’ program in Singapore to further empower the city- state's community of over 55,000 startups.

International Finance Corporation (IFC) has partnered with Hong Kong-based supply-chain services provider in the apparel and general merchandise industry Li & Fung and its affiliate LFX to support small and medium-sized enterprise (SME) growth and digitalization in Asia's supply chains.

The Monetary Authority of Singapore (MAS) and the National Bank of Cambodia (NBC) have on Tuesday announced the start of the Financial Transparency Corridor (FTC) initiative between Singapore and Cambodia.

Global nonprofit Accion has on Tuesday announced a $17.5 million equity investment from the Accion Digital Transformation Fund in Indonesian microfinance technology company, Amartha.

Industry veterans Richard Poulton and Danny Pezeshki have joined forces with Vietnamese tech titan VNG to launch foreign exchange (FX) risk management firm Instantia that based in Australia.

Betashares, an Australian financial services company, has on Monday announced it has entered into a binding agreement with Temasek, a global investment company headquartered in Singapore, for Temasek to invest up to AUD 300 million ($198M) in Betashares.

As official payment sponsor of UEFA EURO 2024TM, Alipay+, the cross-border mobile payment and digitalization technology solutions operated by Ant International, alongside global partners, is gearing up for an action-packed summer.