Funding
Southeast Asia: Fintech Holds Strong Despite Tech Investment Pullback
Aligning with global trends, Southeast Asian tech investments recorded a considerable decline in 2023, influenced by increasing interest rates, high inflation and supply chain disruption. Despite the notable pullback, fintech continued to see traction from investors, with digital lending in
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Fintech Funding in Asia Sees Positive Signs Despite 56% Plunge
Fintech funding in Asia (including the Middle East) plunged by a significant 56% in 2023, carrying a downtrend that started the year prior, new data released by market intelligence and business analytics platform CB Insights reveal. Total fintech funding in
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IFC Invests US$23.8M in Thai Credit Bank to Support Women-Led MSMEs
The International Finance Corporation (IFC) has made a substantial equity investment of up to US$23.8 million (THB 844 million) in Thai Credit Bank Public Company Limited to boost small business financing in the country with a particular focus on women-owned
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Mizuho Bank Invests Over US$144M in Credit Saison’s Indian Subsidiary
Japan’s Mizuho Bank has announced an investment of up to INR 12 billion (US$ 144.43 million) for a 15% equity stake in credit card issuer Credit Saison’s Indian subsidiary, Kisetsu Saison Finance (India). This move is part of Mizuho’s strategic
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Global Funding Trends Indicate a Rebalanced Fintech Sector in 2024?
The year 2023 marked a pivotal moment for the fintech industry, with the prevailing global funding trends encapsulating a period of introspection and recalibration amidst a backdrop of economic fluctuations, including notable bank failures and precipitous cryptocurrency downturns. This era,
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Who Were The Top Funding Fintech Rounds in 2023 in Southeast Asia Beyond Singapore?
When speaking of the fintech ecosystem, Singapore often receives the limelight due in part to its success in establishing itself as a regional fintech hub. The same pattern emerges when looking at funding rounds. When you analyse the top funding
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KPMG: Singapore AI Fintech Funding Up 77%, Defies Global Slump in H2 2023
Despite a global downturn in fintech investments, Singapore’s fintech sector has experienced a significant surge in funding for artificial intelligence (AI) technologies. According to the KPMG Pulse of Fintech H2’23 report, AI fintech funding in Singapore soared to US$333.13 million
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Crypto Payment App Oobit Raises US$25M From Tether, Solana Co-founder
Crypto payment app Oobit has successfully completed its Series A funding, raising US$25 million from the investment arm of USDT parent company Tether, CMCC Global’s Titan Fund, 468 Capital, and Anatoly Yakovenko, the co-founder of Solana. Oobit’s platform enables cryptocurrency
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Reazon Holdings Injects Investment into Validus Vietnam
Validus Vietnam, a financing platform for small and medium-sized enterprises (SMEs), has secured an investment from Japan’s Reazon Holdings. The sum was not disclosed. This investment into VGrowth Development Co. Ltd., commonly known as Validus Vietnam, signifies a strategic move
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Top Funded Fintechs in Singapore 2024
Singapore is often considered fertile ground for startups and in particular fintechs to raise funds. In the first half of 2023, fintech companies in the country secured a total of US$934 million in funding across 84 deals, a far cry
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