Posts From Fintechnews Singapore

A Booming Fintech Investment and Exit Landscape in South East Asia

Since 2015, foreign investment into Southeast Asia’s fintech companies has grown seven times, according to The Future of Fintech in Southeast Asia report by Dealroom, Finch Capital and MDI Ventures. Foreign investors’ surging participation in the Southeast Asian fintech sector

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AMTD Reveals the 5 Fintech Startups Selected for its S$11.5M Fund

AMTD has announced its first batch of investments in five fintech companies as a part of its Singapore Solidarity Fund AMTD under the purview of the ASEAN Solidarity Fund Group. The five selected companies include Funding Societies, Active.ai, Cardup, Transwap,

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Razer Fintech and Franklin Templeton Teams up to Design Digital Wealth Tools for the Youth

Franklin Templeton through its Singapore subsidiary, Templeton Asset Management, and Razer Fintech, the financial arm of Razer Inc, announced that they had signed a Memorandum of Understanding to foster a strategic collaboration in digital wealth management innovation, targeting youth and

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Singlife to Merge with Aviva in Singapore’s Largest Insurance Deal Valued at S$3.2 Billion

Singapore Life Pte. Ltd. (Singlife), a homegrown insurer, offering mobile savings and protection solutions, today announced it has entered into a transaction with a view to combine with Aviva Singapore. Valuing the combined Singlife and Aviva Singapore entities at S$3.2

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hoolah Launches Buy Now Pay Later Solution for Physical Stores in Singapore

Singapore-based hoolah extended Buy Now Pay Later to an in-store solution that offers consumers the option of completing their purchases in three separate 0% interest monthly payments. This solution helps merchants solve some of their biggest challenges around driving conversion

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Mastercard Launches Central Bank Digital Currencies Testing Platform

Mastercard announced a proprietary virtual testing environment for central banks to evaluate Central Bank Digital Currencies (CBDC) use cases. The platform enables the simulation of issuance, distribution and exchange of CBDCs between banks, financial service providers and consumers. As every

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Funding Societies Appoints Ex-GoBear Co-Founder as CFO

P2P financing platform Funding Societies, announced today, key additions to its executive team including former GoBear Co-Founder, Frank Stevenaar as its first Chief Financial Officer. Frank will be overseeing Funding Societies’ finance operations, boosting its fundraising efforts, and strengthening its

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Huawei Developer Conference 2020 to Discuss HarmonyOS, HMS Core 5.0, EMUI 11, Fintech, and More

From September 10 to 12, 2020, Huawei will be hosting its annual developer conference, a multi-day event expected to bring together more than 400 industry veterans and over 500 tech firms to discuss the latest trends and technologies set to

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Singapore-Based Thunes Raises US$60M in Series B Funding

Singapore-based Thunes, a B2B cross-border payments network, raises US$60 million in Series B funding round led by Africa-focused Helios Investment Partners. Additional investors include Checkout.com as well as existing investors GGV Capital and Future Shape. Thunes was previously a part

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3 Hurdles Vietnam has to Overcome to Become a Fintech Leader

The fintech industry has been growing steadily in Vietnam, fueled by increasing smartphone and Internet penetration, the country’s young population, and its rising middle class. According to the lastes Fintech Map  the number of fintech companies in Vietnam has increased

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