Posts From Fintech News Singapore
Thunes Gets Nod for New Payment License in France
Global cross-border payments firm Thunes announced that it has been granted a payment license by the French regulator, enabling it to send payments worldwide on behalf of its French or EU customers and partners. The latest regulatory approval in France
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Volopay Gets In-Principle Approval From MAS for Payment License
Volopay, a Y Combinator-backed corporate cards and payable management startup, has secured in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). The firm’s payment services namely account issuance, e-money, domestic money transfer and
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DPT-Licensee Digital Treasures Center Rebrands to dtcpay
Digital Treasures Center, a payment company based on distributed ledger technology, announced that it has rebranded as dtcpay in a bid to reflect its commitment towards digital payments. dtcpay said that the rebrand also aims to unveil its expansion roadmap
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PhonePe Has Secured US$750M as Part of Ongoing US$1B Fundraise
Indian digital payments company PhonePe has raised an additional US$100 million from American growth equity firm General Atlantic as part of its ongoing efforts to close an ongoing US$ 1 billion financing round. General Atlantic is an existing investor and was
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Nium Appoints Anupam Pahuja to Spearhead Global Expansion Plans
Global payments platform Nium has announced the appointment of Anupam Pahuja as its EVP and General Manager of Asia Pacific, Middle East and Africa. Pahuja will build on Nium’s success in Southeast Asia, where the fintech unicorn was founded, and
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SC Ventures Invests in Financial Planning Advisor BetterTradeOff
BetterTradeOff (BTO), a Singaporean fintech offering online financial advisor solution, has secured an undisclosed sum from Standard Chartered’s investment arm SC Ventures, according to a report by The Edge Singapore. Standard Chartered Bank has an existing partnership with BTO in
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Know Your Customer Celebrates Double Client Win With Volopay and Coda Payments
Regtech provider Know Your Customer announced that it has formed two new partnerships in Singapore with Volopay and Coda Payments. Know Your Customer’s innovative compliance platform will streamline client onboarding and periodic review tasks for both clients, delivering a more
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Singapore’s GIC Increases Stake in Fintech Pagaya to 9%
Singapore’s sovereign wealth fund GIC has increased its stake in United States-Israeli fintech Pagaya Technologies from roughly 7% to 9%. The details of the transaction was not disclosed. GIC and Pagaya has also extended their existing funding agreement earlier this
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Tiger Brokers Deploys AI-Powered Investment Chatbot ‘TigerGPT’
Xiaomi-backed online brokerage Tiger Brokers has launched an AI-powered chatbot TigerGPT, claiming that it is the first AI investment assistant in the industry. The feature is now in user testing and will soon be rolled out on the flagship platform
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Fintech Funding Remains Strong in India Despite Global Funding Pullback
Despite a global pullback in fintech funding and regulatory headwinds, investments in India remained strong in 2022, driven by large deals in lending and fintech infrastructure-focused players as well as a dynamic early-stage funding landscape in emerging segments, including insurtech,
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