FinTech

GIMO, a Vietnam-based FinTech startup, has announced the completion of Series A funding round with total capital raise of up to $17.1 million. The round is led by TNB Aura, with participation from the company’s existing backers including Integra Partners, Resolution Ventures, Blauwpark Partners, ThinkZone Ventures, and Y Combinator.

Atome, a Singapore-based digital consumer financing platform, has joined forces with TikTok Shop to revolutionize the e-commerce landscape in Malaysia. This strategic partnership enables businesses of all sizes, but particularly young entrepreneurs and small and medium enterprises (SMEs), to harness the potential of online shopping and foster economic…

Philippine-based consumer fintech Salmon has on Thursday announced it has secured a $20 million debt facility from U.S. emerging-markets specialist investment firm Argentem Creek Partners, enabling the firm to further scale its lending operations across the Philippines.

Singaporean digital bank GXS Bank (GXS) which is backed by superapp Grab Holdings Ltd and communications technology group Singtel, has announced that it has opened up the GXS Savings Account to all eligible individuals in Singapore as the bank ramps up in its next phase of growth.

With continuing inflation and growing material demands of #Philippines citizens, their need to close financial gaps in the personal and family budgets will increase. Digital lending services—both from licensed online banks and services offering #BNPL, lines of credit, and other advanced financial products—is a key example, as they are able to handle the…

Thunes, the Singapore-based business to business (B2B) payment infrastructure platform, has on Monday announced it has extended its Series C funding to $72 million backed by three prominent investors Visa, a world leader in digital payments, EDBI, a Singapore-based global investor and Endeavor Catalyst, a San-Francisco co-investment fund of Endeavor, have…

Malaysia's financial service firm AEON Credit Service (M) Berhad has partnered Japan-listed financial institution Aeon Financial Service Co. Ltd. (AFS) to undertake the business of a digital Islamic bank in Malaysia.

CapBay said it has achieved a significant milestone by providing over MYR1 billion ($220.91 million) in funding to more than 400 underserved small and medium enterprises (SMEs) in Malaysia. This is the result of successful financing through 7,600 investment notes, underscoring CapBay's commitment to empowering SMEs and offering attractive investment…

FinTech investments in ASEAN clocked in at $4.3 billion in the first nine months of 2022 — higher than the combined sum from 2018 to 2020, said a report Friday. According to the report released by professional services firm PwC Singapore, the Singapore Fintech Association (SFA) and Singapore Economic Development Board (EDB), with emerging economies, an…

Annica Witschard, CEO of Home Credit Vietnam, outlined the company's strategic initiatives in expanding #financialinclusion, especially in marginalized communities. The company uses #AI and data-driven modeling to facilitate democratic #lending, particularly for those with no #credit history. She also underscored the importance of financial literacy,…