Posts From Fintech News Singapore
PhonePe Has Secured US$750M as Part of Ongoing US$1B Fundraise
Indian digital payments company PhonePe has raised an additional US$100 million from American growth equity firm General Atlantic as part of its ongoing efforts to close an ongoing US$ 1 billion financing round. General Atlantic is an existing investor and was
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Nium Appoints Anupam Pahuja to Spearhead Global Expansion Plans
Global payments platform Nium has announced the appointment of Anupam Pahuja as its EVP and General Manager of Asia Pacific, Middle East and Africa. Pahuja will build on Nium’s success in Southeast Asia, where the fintech unicorn was founded, and
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SC Ventures Invests in Financial Planning Advisor BetterTradeOff
BetterTradeOff (BTO), a Singaporean fintech offering online financial advisor solution, has secured an undisclosed sum from Standard Chartered’s investment arm SC Ventures, according to a report by The Edge Singapore. Standard Chartered Bank has an existing partnership with BTO in
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Know Your Customer Celebrates Double Client Win With Volopay and Coda Payments
Regtech provider Know Your Customer announced that it has formed two new partnerships in Singapore with Volopay and Coda Payments. Know Your Customer’s innovative compliance platform will streamline client onboarding and periodic review tasks for both clients, delivering a more
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Singapore’s GIC Increases Stake in Fintech Pagaya to 9%
Singapore’s sovereign wealth fund GIC has increased its stake in United States-Israeli fintech Pagaya Technologies from roughly 7% to 9%. The details of the transaction was not disclosed. GIC and Pagaya has also extended their existing funding agreement earlier this
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Tiger Brokers Deploys AI-Powered Investment Chatbot ‘TigerGPT’
Xiaomi-backed online brokerage Tiger Brokers has launched an AI-powered chatbot TigerGPT, claiming that it is the first AI investment assistant in the industry. The feature is now in user testing and will soon be rolled out on the flagship platform
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Fintech Funding Remains Strong in India Despite Global Funding Pullback
Despite a global pullback in fintech funding and regulatory headwinds, investments in India remained strong in 2022, driven by large deals in lending and fintech infrastructure-focused players as well as a dynamic early-stage funding landscape in emerging segments, including insurtech,
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Indian Central Bank Halts ‘New Umbrella Entity’ Project Intended to Rival UPI
The Reserve Bank of India (RBI) has halted plans for the pan-India New Umbrella Entity (NUE) for retail payment systems that was meant to rival that of the United Payments Interface (UPI). The Indian central bank had opened up bids
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Thailand’s 8 Most Well-Funded Fintech Companies
Thailand has a small and nascent startup ecosystem that’s mostly made up of early-stage ventures focusing on product development as well as securing their first group of customers. Within this small yet burgeoning ecosystem, fintech is not only the largest
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Mastercard Pledges to Have Full Roll Out of Sustainable Cards by 2028
Payments giant Mastercard announced that it is accelerating efforts to remove first–use, PVC plastics from payment cards on its network by 2028. The firm said that this move further reinforces its sustainability commitments and scales the accessibility of more sustainable
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