FinTech
Ant Group-backed Mynt targets unicorn status as it seeks additional funding after $175M investment
After closing a $175 million private equity funding from the New York-based Bow Wave Capital Management, Mynt, also known as Globe FinTech Innovations, seeks to raise more funds to reach unicorn status.
Singapore sets new rules for payment service companies that support crypto
On the first working day of 2021, Singapore’s Parliament approved a bill to impose stricter oversight on virtual payment service providers that support DPTs or cryptocurrencies
Singaporean FinTech startup Fraxtor secures over $6.75M in investments to fund 4 major projects
Fraxtor Private Limited, a digital co-investment platform specializing in real estate, has attracted over S$9 million ($6.75 million) in private investments from its community of Accredited Investors (AIs) who are mostly from Singapore and Australia
Philippine digital payment startup SquidPay raises $4.16M in Series A round funding and credit line
SquidPay closed Php 100 Million in Series A and Php 100 Million ($2.08 million each) line of credit arranged by Eastern Securities Development Corporation (ESDC)
Asia Pacific’s Financial Services industry gains resilience through innovation
Microsoft and IDC study finds that Financial Services Industry (FSI) organizations in the Asia Pacific region have become largely resilient amid the pandemic as they reached maturity in adopting innovation.
Xiaomi invests in Southeast Asian insurance startup
PasarPolis has big-name investors in its $54 million round.
