Funding

Insurance & Indonesia: What Grab’s New US$1.46 Bil Brings to The Table

Grab has been accused of being the most capitalised startup in Southeast Asia’s history, and with this recent closing of a whopping Series H we find it hard to disagree. Grab opened this round round since June last year, and at its

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Rely Nets 7-Figure Funding for Enabling Online Payments in Installments

Rely just announced a seven-figure Pre-Series A funding led by Goldbell Financial Services. Additional funding comes from Octava, a family office based in Singapore among other strategic investors.The exact figure was not disclosed. Rely is a local fintech company that

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P2P Lender Validus Raises Over $US 14 M in Oversubscribed Series B Funding

Validus a P2P lending platform announced today that it has successfully raised $US 14 Million in an oversubsribed series B funding round. Investment in Validus’ Series B round was led by FMO, Netherlands’ public-private development bank. FMO has over 300 investments

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10 of the Top Funded Fintech Startups in Thailand

Thailand has certainly evolved into an interesting landscape for fintech as of late, thanks to a big push by the government in developing its fintech industry as part of the country’s broader Smart Cities and Thailand 4.0 initiative. The goal is

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10 of The Top Funded Fintechs in Singapore

Depending on whether you count Grab (and that can be a contentious argument), Singapore has yet to produce a homegrown unicorn operating in fintech: but all signs point to one emerging in the future. Singapore only has Hong Kong as

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10 Top Funded Fintech Companies in Indonesia

Indonesia’s fintech is probably one of the fastest growing tech sectors recently, thanks to  the proliferation of peer-to-peer (P2P) lending. According to the Indonesian Financial Services Authority (OJK), transactions through P2P lending totaled US$951 million (Rp 13.8 trillion) in the

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Ripple Backs Philippine-Focused Remittance Firm SendFriend in $1.7M Funding

SendFriend, a Philippine-focused remittance market startup, has raised up to US$1.7 million capital in a venture round backed by blockchain giant Ripple also known as the cryptocurrency XRP. Other leading investors include the MIT Lab, Mastercard Foundation, Barclays, Techstars, Mahindra

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MAS Sets Aside SGD$75 M to Position Singapore as Asia’s Centre for Capital Raising

The Monetary Authority of Singapore (MAS) will launch a new S$75 million Grant for Equity Market Singapore (GEMS) next month Mr Heng Swee Keat, Minister for Finance and MAS Board Member, highlighted Singapore’s vision to serve as Asia’s centre for

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Start Digital Launch, $30 Million Funding to Accelerate Singapores SME Digitalisation

The Infocomm Media Development Authority (IMDA) and Enterprise Singapore launched Start Digital, an initiative of the SMEs Go Digital programme. Start Digital will enable new SMEs to get a head start with two foundational digital solutions – with costs waived for

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5 of Indonesia Fintech’s Biggest Funding Rounds of 2018

DailySocial Indonesia recently released a report about their findings on the Indonesian fintech scene, recently notable with the rise of peer-to-peer (P2P) lending. Between December 2017 to November 2018, DailySocial observed at least 14 disclosed funding for fintech startups, noting

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