Archive
Crypto Platform Sparrow Raises US$ 3.5M in Funding Round Led by BitMEX’s Owner
Sparrow, a Singapore based options trading platform for Bitcoin and Ethererum announced that they have secured US$ 3.5 Million in Series A funding. The round was led by the HDR Group, owner and operator of BitMEX, and supported by Signum Capital,
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IDC Reports Worldwide Blockchain Spending to Slow Down to US$ 4.3 Billion in 2020
According to the April update of the IDC Worldwide Blockchain Spending Guide Worldwide and Asia Pacific blockchain spend will decline in 2020 as compared to the pre-COVID-19 forecast scenario. The report captures data from all Asia Pacific countries except Japan.
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Top 20 Upcoming Live Fintech Webinars for Those Located in APAC: June/July
With COVID-19 forcing governments to close borders and restrict contact, event organizers and companies have turned to webinars and virtual events to connect with their peers and create new opportunities, despite the tumultuous times. Though several countries have started reopening
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UOB’s Innovation Accelerator The FinLab Goes Digital
The FinLab, United Overseas Bank’s (UOB) innovation accelerator, today launched The FinLab Online, a digital platform to help small-and-medium-sized enterprises (SMEs) and start-ups across ASEAN implement digital solutions to transform their businesses. Since its launch in 2015, The FinLab has received
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Omise’s Parent Firm SYNQA Raises US$ 80M in Funding Round Led by Siam Commerical Bank’s VC Arm
Thailand-based fintech company SYNQA, formerly Omise Holdings, announced that it has raised $80 Million in Series C funding led by SCB 10X Co., Ltd. (SCB 10X) and SPARX Group Co., Ltd. (through its Mirai Creation Fund II). The round was joined by Toyota Financial
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How TikTok’s Owners Are Evolving from Your Kid’s Social Media to Becoming Your Bank
TikTok’s owner ByteDance is making inroads into fintech as the Chinese tech company is said to be negotiating a tie-up with an investment group linked to Singapore’s Lee business family, according to a Financial Times (FT) report. The Lees are
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UnionBank Rolls Out 11,000 Cash Out Options Nationwide
UnionBank recently rolled out more cash-out options for customers via 11,000 remittance counters across the Philippines, including in rural areas where most of the unbanked and underserved population are located. Recognizing that sending funds to families and relatives living in
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NETS Group Appoints New CEO
Network for Electronic Transfers (NETS) announced today that Lawrence Chan has been appointed Group Chief Executive Officer, with effect from 22 June 2020. Chan joins the NETS team with over two decades of payments experience, and a strong track record
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Singapore Fintechs See Over Half a Billion in Fundraising Activities Despite COVID-19
Investments into Singapore headquartered fintechs rose sharply in the months of April and May 2020, reversing a quiet first quarter as investors made larger bets on businesses relevant in the current environment. Total equity funding reached a record high of
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RCBC Named Best Digital Bank in Philippines
The Rizal Commercial Banking Corporation (RCBC) was recognized yesterday as the “Best Digital Bank in the Philippines” by a Hong Kong-based institutional investment magazine. This year’s edition of the Annual Alpha Southeast Asia Best FI Awards deliberated on the performance
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