FinTech
Indonesia’s KOMUNAL raises $5.5M in Series A+ funding round led by Sumitomo Corporation Equity Asia
KOMUNAL, an Indonesian fintech firm focused on driving financial inclusion through the digitalization of rural banks (BPR), has closed the year 2023 by raising $5.5 million in a Series A+ funding round led by Sumitomo Corporation Equity Asia.The funding round also saw participation from notableventure capital firms including Jafco Asia, Skystar Capital,…
AEON Bank gets nod to commence Islamic digital bank business in Malaysia
AEON Credit Service (M) Berhad (AEON Credit) has on Monday announced that its associated company - AEON Bank (M) Berhad (formerly known as ACS Digital Berhad) (AEON Bank) has obtained approval from the Bank Negara Malaysia (BNM) and the Minister of Finance to commence its digital banking operations in Malaysia.
Boost-RHB Digital Bank Consortium gets approval to commence operations in Malaysia
Boost, a regional fintech leader, and its consortium partner, RHB Banking Group (RHB), have received official approval from Bank Negara Malaysia (BNM) and the Ministry of Finance (MOF) to commence operations as a digital bank, with effect from January 15, 2024.
Khazanah and CGC Digital invest in Funding Societies to broaden financing access to MSMEs
Khazanah Nasional Berhad (Khazanah) and CGC Digital Sdn Bhd (CGC Digital) have on Wednesday announced an investment into the largest unified small and medium enterprise digital finance platform in Southeast Asia, Funding Societies | Modalku (Funding Societies), to broaden financing access to unserved and underserved businesses.
Blackstone inks deal to acquire Sony Payment Services
American alternative investment management company Blackstone has on Friday announced that it has inked deal to acquire a majority stake in Sony Payment Services Inc. (SPSV), one of Japan’s leading payment service providers. The private equity funds managed by Blackstone have entered into a definitive agreement to acquire the stake with Sony Bank, a…
Thailand’s Kasikornbank paves way for firms to tap tokens for funding – report
“We’re advising some clients to issue tokens for fundraising,” Kasikornbank’s co-president Pipit Aneaknithi said in an interview with Bloomberg on Monday.
JCB, IDEMIA and Soft Space launch “JCBDC” phase 2 pilot to trial CBDC offline P2P payments
Japan's international payment brand JCB Co., Ltd. (JCB) has launched the JCB Digital Currency (JCBDC) phase 2 pilot project with France-based identity technologies firm, IDEMIA, and Malaysia-based fintech company Soft Space Sdn Bhd.
GoTo Group, TikTok, and University Gadjah Mada to collaborate to develop Indonesia’s digital talent
PT GoTo Gojek Tokopedia Tbk (GoTo), Indonesia’s largest digital ecosystem, and TikTok, the global entertainment platform, have partnered Gadjah Mada University (UGM) to develop Indonesia’s digital talent. The duo have signed a memorandum of understanding with UGM to partner in the establishment of the GoTo x TikTok x UGM Technology Center - a digital talent…
GoTo receives validation from SBTi on its net-zero target
PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, has on Thursday announced that its near and long-term greenhouse gas emissions reduction targets across all the countries it is present in have been validated by the Science Based Targets initiative (SBTi).
India’s Aye Finance raises $37M in Series F funding led by British International Investment
Aye Finance, an India-based micro-enterprise lender, has entered into definitive agreements for INR 310 crores ($37 million) in Series F funding, led by United Kingdom's development finance institution and impact investor British International Investment (BII).
