Funding

AI Driven Fintech AIDA Gets Funding Boost from Mastercard

AIDA an artificial intelligence focused fintech recently announced that they have raised an undisclosed sum in their Series A round, which includes investors like Mastercard, Kuok Ventures and SGInnovate. The startup develops machine learning solutions for the banking and insurance

Read More

Fresh off its SoftBank Funding, Grab is Already Eyeing to Raise US $6.5 Billion

A scant few weeks after closing its Series H led by SoftBank Vision Fund, Grab already has its eye on raising a grand total of US$6.5 billion by the end of the year. Before the ride-hailing giant embarks on its

Read More

Tencent Co-Founder Backs Singaporean Fintech Startup to the Tune of SG$2.7 Mil

Koku is a foreign exchange fintech that is based in Singapore. And it just raised US$2 million (approximately SG$2.7 million) in a Pre-Series A funding round led by Jason Zeng, co-founder of Tencent Holdings. Jason is also the founder of China-based

Read More

InstaReM Closes Series C Round, Bringing its Total Funding to US$ 59 Million

Singapore-based InstaReM, a digital cross-border payments company, announced the close of a US$41 million Series C funding round. The company pulled in an additional US$20 million round led by Singapore-based Vertex Growth Fund (VGF), supported by first-time investor Atinum Investment,

Read More

Saphron Raises SGD 1.35 M to Tackle Financial Inclusion in the Philippines

Manila-based insurtech startup Saphron has raised SGD1.35 million seed fund coming from fintech-focused VC fund Sage, and Talino Labs, a venture lab that supports companies engaged in digital transformation. Founded recently by solutions architect Francisco “Kiko” Reyes Jr, Saphron plans

Read More

Insurtech Startup CXA Raises US$ 25 Million — Eyes Expansion in Asia-Pacific

CXA Group, a one-stop, predictive and data intelligence platform for better health, wealth and wellness choices, announced today that it has raised US$25 million in its latest round of funding. CXA’s new group of strategic investors include HSBC, Singtel Innov8,

Read More

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

Read More

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

Read More

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

Read More

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

Read More