Tag "Southeast Asia"
Could Decentralized Finance (DeFi) Redefine Banking in South East Asia?
Decentralized finance – often called “DeFi” – is a hot topic in the cryptocurrency world, with billions of dollars’ worth of value locked into various protocols and platforms. At its core, the decentralized finance movement aims to upend the decades-old
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Here’s How Ant Group is Charting its Path to ASEAN Domination
Ant Group, the fintech affiliate of Chinese e-commerce giant Alibaba, is pursuing its expansion plans across Southeast Asia, ramping up its business in a region that’s characterized by a fragmented payment market and no clear leader. In Southeast Asia, the group
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10 Southeast Asian Startups Listed on CB Insights’ Top 250 Fintechs
Business analytics platform and global database CB Insights has released its annual selection of the world’s 250 most promising private fintech companies. Among this year’s top 250 fintech companies, ten ventures are from Southeast Asia and address areas such as
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Crypto Exchange Binance Pursues Aggressive Expansion Plan in Southeast Asia
Binance has embarked on an aggressive expansion plan in Southeast Asia where the cryptocurrency exchange is looking to capitalize on booming trading activity to establish leadership in the region, and build influence in local markets. These ambitions were materialized by
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Fintech Companies in Southeast Asia Raised US$1.4B in Q1 2022
After underwhelming performances in 2020, fintech funding in Southeast Asia regained some of its strength in 2021, a dynamism that remained in Q1 2022. During the first quarter of the year, Southeast Asian fintech companies raised a total of US$1.4
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7 Early Stage Insurtech Startups from Asia We’re Keeping an Eye On
Asia-Pacific (APAC) has seen the emergence of a dynamic insurtech landscape, fueled by favorable market conditions, low insurance penetration and investors’ bullishness. Data from S&P Global Market Intelligence show that there are at least 335 private insurtech operating in APAC,
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Is Southeast Asia Entering Its Golden Age of Fintech?
Despite limited access to traditional banking services, rising smartphone penetration and rapid e-commerce growth have led to an increase in the use of digital financial services in Southeast Asia. Today, the region is emerging as a hotspot for fintech innovation
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Southeast Asia’s Top 5 Largest Fintech Unicorn Exits
Over the past decade, Southeast Asia’s startup ecosystem has significantly matured with an estimated US$52 billion of venture capital (VC) invested into startups and an increasing number of large late stage deals, according to a 2021 report by investment firm
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Southeast Asia is Among The Highest Adopters of Mobile Banking
Over the past decade, Southeast Asia has undergone a significant technological transformation, a shift that’s been enabled by the region’s highly adaptable digital consumers. Consumers have leapfrogged to mobile devices, skipping personal computers altogether. Southeast Asia’s mobile-first digital ecosystem can
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Fintech Adoption Surges in Southeast Asia, Led by Digital Payments and Online Lending
Usage of digital financial services is witnessing strong growth in Southeast Asia this year, a trend mostly driven by digital payments and digital lending adoption, according to the eConomy Southeast Asia Report 2021. The annual report, produced by Google, Temasek
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