Funding

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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Eyeing IPO in 2021, Instarem Raises US$20 M in Series C Round

InstaReM, a digital cross-border payments company headquartered in Singapore, secured a first close of more than US$ 20 million led by new investors MDI Ventures (the VC arm of Indonesia’s Telkom), and Beacon Venture Capital (the VC arm of Thailand’s

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Top Funded Fintechs in Asia By Country

With the existence of such a huge region with huge swaths of unbanked and uninsured populations, investors are waking up to the potential that Asia has in fintech. According to Bain & Company, 2017 saw a sharp spike of recorded

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Majority of South East Asian Investors Prioritise Fintech Investments Next Year

There’s almost no better time to be a tech startup in South East Asia with VC and PE investment soaring to record levels. According to Bain & Company, 2017 saw a sharp spike of recorded venture capital deals which quadrupled

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Investors Seeking to Invest $US12 B in ASEAN Startups at Singapore Fintech Festival

The Monetary Authority of Singapore (MAS) announced that 380 participating investors who enrolled for the Singapore FinTech Festival’s deal-making platform, MATCH. Investors have indicated intentions to invest up to a total of US$6.2 billion in ASEAN enterprises next year, and

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