Blog

Indonesia Lending

Atome Financial Acquires Indonesian Financing Firm

Atome Financial, the parent company of Buy Now, Pay Later (BNPL) firm Atome, has completed its acquisition of local financing company PT Mega Finadana Finance in Indonesia. Details of the acquisition was not disclosed. The acquisition will allow Atome Financial

Funding

Wealthtech Endowus Raises S$23 Million to Fuel Its Expansion Plans in Asia

Singapore-based digital wealth advisor Endowus announced that it has completed a S$23 million first close of its Series A funding round. It was led by Lightspeed Venture Partners, a global venture capital firm, with participation from SoftBank Ventures Asia. Endowus

Digital Banking

In APAC, Southeast Asia Consumers are Most Receptive to Challenger Banks

Two out of three banking customers in Asia Pacific (APAC) are either relatively open or inclined to consider fintechs and challenger banks which they perceive as being successful in addressing customer pain-points and facilitating customer journeys, a new survey found.

Lending Vietnam

BNPL Platform Fundiin Secures Funding for Vietnamese Market Expansion

Fundiin, a Vietnamese Buy Now, Pay Later (BNPL) platform, has raised an undisclosed sum during its venture funding round led by 1982 Ventures and Zone Startups Ventures. This round of funding will allow Fundiin to expand their early lead in

Blockchain Lending

STACS Teams up With Bluecell for Blockchain-Powered Green Loans

Bluecell and Hashstacs (STACS) announced a new collaboration to offer green and sustainability-linked loans though GreenSTACS, which runs on top of latter’s patent-pending blockchain technology. Bluecell will connect its live end-to-end loans matching engine integrated with MyInfo, to STACS’ sustainability-enabling

Various

Digibank Solution Provider Meniga Partners Visa to Accelerate Its APAC Expansion

Digital banking solution provider Meniga has announced a new partnership with Visa to accelerate its expansion within the Asia Pacific region. Meninga had recently secured €10 million (S$ 15.78 million) during a strategic investment round led by Velocity Capital Fintech Ventures

Wealthtech

CGS-CIMB Securities Launches Digital Investment Service for Singapore’s Millennials

CGS-CIMB Securities International, an integrated financial service provider in Asia, has launched a digital investment service in Singapore called ProsperUs. ProsperUs will leverage CGS-CIMB’s deep research intelligence and network, to offer an investment experience for millennials that is convenient and

Mobile Payments Thailand Vietnam

Bangkok Bank Unveils Cross-Border QR Payments Between Thailand and Vietnam

Bangkok Bank has unveiled cross-border QR payments between Thailand and Vietnam with the cooperation of the Bank of Thailand (BOT) and State Bank of Vietnam (SBV), claiming to be the first to do so. The service provided by Bangkok Bank

Funding

Fintech Funding for APAC in 2021 Predicted to Be Favourable

Fintech companies in Asia-Pacific (APAC) raised US$3.14 billion across 113 deals in Q4’20 (excluding capital raised by Grab and GoJek), the highest quarterly funding activity for the year. This signals a bright outlook for fintech funding and deal activity in