Posts From Fintech News Singapore
Zalora to Offer Pace’s BNPL Payment Option in Singapore and Malaysia
Pace Enterprise, a Singaporean Buy Now Pay Later (BNPL) company, has announced a regional partnership with ZALORA. Pace is currently available to Zalora customers in Singapore and Malaysia. The partnership gives ZALORA shoppers the option to split their transactions into
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Revolut Eases Requirements to Set up Account for All Ukrainian Refugees
Revolut has eased many of the requirements needed to set up an account for all refugees regardless of nationality, fleeing Ukraine following the Russian invasion. The company has also done away with a number of FX and top-up fees to
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KASIKORN’s Tech Arm Is Now a Member of the MIT Media Lab
KASIKORN Business-Technology Group (KBTG) announced that it has become a Consortium Research Lab Member at the MIT Media Lab to conduct frontier tech research for next-generation financial services. The MIT Media Lab is an academic research institute where US domestic
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7 Early-Stage Fintech Startups from Indonesia to Follow in 2022
In Southeast Asia, Indonesia is fast becoming a fintech powerhouse as investors continue to pour money into young, innovative startups seeking to tap into the country’s massive population of underbanked. In the first nine months of 2021, Indonesian fintech companies
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Paxos Secures MAS’ In-Principle Approval for Digital Payment Tokens Services
Paxos, a regulated blockchain infrastructure platform, announced it has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate digital payments token services under the Payment Services Act. With this license, Paxos is now able to offer its
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Asian Firms Are Quick to Embrace Zero Trust Security Framework, Okta Survey Says
Over the past year, organisations in Asia have embraced the zero trust security framework at a fast pace, recognising the need to upgrade their IT security strategy to address the ongoing digital shift, according to a new survey by Okta,
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Funding Societies Taps MatchMove to Power Real-Time Fund Requests for Its Virtual Card
Southeast Asian SME digital financing platform Funding Societies has selected Banking-as-a-Service (BaaS) provider MatchMove to offer virtual card solutions to their Micro, Small, and Medium-size enterprises (MSME) clients in addition to their approved loans at affordable interest rates. The M-JIT™
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Japan’s MUFG Bank to Invest US$300 Million in Middle- To Late-Stage Indian Startups
MUFG Bank announced that it plans to invest US$300 million in middle- to late-stage Indian startups through the new MUFG Ganesha Fund. In the future, MUFG said that it will aim to leverage its group strengths to provide a wide
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Igloo Raised US$19 Million Series B, Promotes Raunak Mehta as Co-founder and CEO
Regional insurtech firm Igloo announced that it has raised US$19 million in Series B funding round and promoted Raunak Mehta as its new Co-founder and Chief Executive Officer (CEO). The round was led by Cathay Innovation with participation from ACA
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Silent Eight Secures US$40 Million in Series B Funding Round
Silent Eight, a Singaporean regtech startup leveraging artificial intelligence (AI), announced the closing of a US$40 million Series B funding round, bringing its total funds raised to US$55 million. This round brings the firm’s total valuation to four times its
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