FinTech
Airwallex’s $6.2B valuation soars with $300M Series F backing
Airwallex, the global payments and financial platform, has completed a $300 million Series F funding round at a $6.2 billion valuation.
Alibaba Cloud joins forces with PayNet to power Malaysia’s first fintech-focused hub
Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, announced Wednesday its partnership with Payments Network Malaysia Sdn Bhd (PayNet) as a Cloud Partner for its newly launched PayNet Fintech Hub – Malaysia’s first dedicated fintech-focused community and accelerator.
Indonesia’s Ringkas secures $5.1M funding to advance AI-driven mortgage solutions across Southeast Asia
Ringkas, an Indonesia-based mortgage financing platform, has announced the closing of a Pre-Series A round at $5.1 million.
Vietnam’s FPT, China’s Sunline form strategic partnership to accelerating digital transformation in banking sector
Vietnam-based information technology (IT) firm FPT Corporation has signed a strategic partnership agreement with China-based banking solutions and services provider Sunline to accelerating digital transformation in banking sector.
NAPAS partners Mastercard to launch Vietnam’s first co-badged card across six banks
The National Payment Corporation of Vietnam (NAPAS), in collaboration with global payment technology company Mastercard, officially announces the launch of Vietnam’s first co-badged card with six leading banks: Agribank, BIDV, TPBank, Nam A Bank, PVcomBank and Vikki.
Worldpay expects Singapore’s e-commerce market size to reach $28.92B by 2030
Singapore’s e-commerce market size is expected to reach S$37.5 billion ($28.92 billion) by 2030, growing 8 percent compound annual growth rate (CAGR) from its 2024 estimated value of S$22.8billion ($17.59 billion), according to the 10th edition of the Worldpay® Global Payments Report (GPR).
Singapore’s CrediLinq raises $8.5M Series A funding led by OM/VC and MS&AD Ventures
1982 Ventures’ portfolio company CrediLinq, the Singapore-based artificial intelligence (AI)-powered embedded finance platform, announced last Saturday the close of its $8.5 million Series A funding round.
Pei-Si Lai to take on role of GXS Bank CEO; Kaushik Chowdhury to be GXBank’s new CEO
GXBank, the digital bank subsidiary of GXS Bank in Malaysia, announced Wednesday the succession in its senior management team.
Why going local is the smartest global move in fintech
Think regionally. Build for compliance from the start. Use AI like it’s your co-founder. And always, always prioritize vision over vanity metrics. Because at the end of the day, growth without grounding is just noise.
Sea’s revenue jumps 29.6 percent amid strong e-commerce sales
Singapore's tech conglomerate Sea Limited saw its revenue surge 29.6 percent year on year to $4.8 billion in the first quarter, underpinned by strong e-commerce growth.
