Posts From Fintechnews Singapore

Singapore Based Deeptech Dathena Raises US$ 12M in Jungle Ventures Led Round

Singapore-based deep-tech company Dathena, a provider AI-powered data protection and privacy management for global enterprises, today announced that they have closed a $12 million Series A round led by Jungle Ventures, with the participation of Caphorn and SEEDS Capital, an

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Temasek Joins Libra Association — Facebook’s Global Digital Currency Project

The Libra Association, an independent member organization, announced the addition of three new members, Temasek, Paradigm and Slow Ventures. Libra is Facebook’s grand ambition in creating global payment system and financial infrastructure using digital currencies. In their media statement they

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Phemex to Launch First Ever Zero-Fee Trading Option as Crypto Market Heats up Ups

Traders of digital assets such as BTC and ETH have been thrown a bone by one of Asia’s leading exchanges. Singapore-based Phemex has rolled out zero-fee trading on its spot exchange. The move, which is accessible for a sub-$10 monthly

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MAS and AMTD Group Allocates S$6M Grant to Support Singaporean Fintech

The Monetary Authority of Singapore (MAS), Singapore FinTech Association (SFA), AMTD Group and AMTD Foundation (collectively, AMTD) today announced the launch of a S$6 million MAS-SFA-AMTD FinTech Solidarity Grant (the Grant) to support Singapore-based FinTech firms amid the challenging business

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CXA Group Sees Investment from HSBC in New Funding Round

CXA, an employee ecosystem platform for better health, wealth and wellness choices, announced today that it has raised fresh funding from Humanica, a Thai-based HR solutions provider, and HSBC Life, an indirect wholly-owned subsidiary of HSBC. With this latest capital

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Revolut Bolsters Leadership Team in Singapore with New CEO and Two Senior Appointments

Revolut, has bolstered its leadership team in Singapore with the appointment of a Chief Executive Officer, Chief Compliance Officer and Head of Growth. This comes after it announced Martin Gilbert’s appointment as Chairman of its Board, who sat on the

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P2P Lender Validus Raises US$20 Million in Series B+ Round Led by Vertex Growth

Validus, a SME financing platform that is also present in Indonesia (Batumbu) and Vietnam (Validus Vietnam), has successfully raised over US$14 million, with US$20 million in committed capital in its ongoing Series B+ funding round co-led by Vertex Growth Fund

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Rethinking Live Fintech Events and Summits in the Time of COVID-19

COVID-19 is continuing to spread around the world, causing deaths and major disruption to the global economy. To date, more than 251,000 people have unfortunately succumbed to the virus and the number of confirmed cases has exceeded 3.5 million, according

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63% of APAC Customers Willing to Switch to Challenger Banks in 5 Years

63% of banking customers in Asia-Pacific (APAC) are likely to use digital banking services offered by neobanks and challenger banks by 2025, highlighting the urgency for banks to innovate, according to the Fintech and Digital Banking 2025 report by Backbase

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5 Steps Of An Effective KYB (Know Your Business)

What do you know about the businesses that you are working with? Your partners, clients, suppliers? How can you make sure that they are real companies but not shell companies? Where do they get money from? Where does their money

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