FinTech
IFC provides $30M to M bank to increase digital lending for women and small businesses in Mongolia
International Finance Corporation (IFC) announced Wednesday that it has provided $30 million to M bank, Mongolia's first digitally focused bank, to increase digital lending for women and small businesses in the country.
Linnovate Partners raises $40M in funding led by SeaTown
Linnovate Partners, a Singaporean firm involved in asset servicing and fintech for the alternative investment industry, has announced the successful closure of $40 million funding commitment by SeaTown Private Capital Master Fund.
Alipay+ partners Nepal Clearing House Ltd to enable merchants in Nepal to accept cross-border mobile payments from travellers
In the coming months, users of more than 10 mobile wallets and banking apps, which are payment partners of Alipay+ will be able to use cashless payments when they travel to Nepal.
Carsome reports first quarterly profit, “on track” to achieve first full-year profitability this year
Carsome has also marked another achievement in its growth trajectory, surpassing the sale of 500,000 cars since its inception in 2015. This milestone was achieved in just two years after crossing 100,000 cars in 2021. Last year, the group sold over 150,000 cars.
Ant International to expand business in Saudi Arabia
Ant International has inked a Memorandum of Understanding (MoU) with the Ministry of Investment of Saudi Arabia (MISA) to expand its business into the Kingdom.
AEON partners Visa to boost digital payment in Malaysia
AEON Bank, a Malaysia-based Islamic digital bank, has announced a strategic partnership with Visa, a world leader in digital payments. This new synergy marks a significant milestone in their commitment towards transforming local consumers' experience in digital payments and cashless transactions in Malaysia.
IFC Invests $6M in Türkiye digital brokerage company Midas
The International Finance Corporation (IFC)has on Thursday announced an investment of $6 million in Midas, a digital brokerage company in Türkiye, to accelerate digitalization in the country's brokerage industry, strengthen its competitiveness, and empower people to protect their wealth.
Direct Lending partners Tan Chong Motor to introduce Shariah-compliant auto service financing plan in Malaysia
Direct Lending, a Malaysian digital lending platform, has on Thursday announced its partnership with Malaysian automotive firm Tan Chong Motor Holdings Berhad, to introduce a Shariah-compliant, fully digital auto service financing plan at their Nissan Service Centers nationwide.
Indonesia’s GoTo says on track to meet full-year adjusted EBITDA break even target
Indonesia's largest technology firm PT GoTo Gojek Tokopedia Tbk (GoTo) says it is on track to meet full-year adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) break even target after its adjusted EBITDA fell in the first quarter.
AirAsia MOVE’s monthly active users up 19 percent year on year to 15.34 million
Asia MOVE, formerly known as airasia Superapp, has seen its monthly active users (MAU) grow 19 percent year on year growth to 15.34 million in the first quarter.
