Archive
Big Tech, Super Apps Redefining the Status Quo in APAC’s Banking Space
A major paradigm shift is taking over Asia Pacific’s (APAC) banking sector, driven by a changing regulatory landscape, the onset of open banking, and rising competition from big techs and super apps. By leveraging data and ecosystem partnerships, these new
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FinAccel Raises Additional US$125 Million PIPE Investment Ahead of IPO Plans
FinAccel, the parent company of Buy Now, Pay Later (BNPL) platform Kredivo, announced that three of its existing investors has joined its PIPE deal which is in excess of US$125 million. The investors in the PIPE deal are MDI Ventures,
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Siam Commercial Bank’s Spin-off SCB Abacus Closes US$12 Million Series A
SCB Abacus, an alternative digital lending platform in Thailand, has raised US$12 million in an oversubscribed Series A funding round. The firm, a fintech spin-off from the Siam Commercial Bank, has a flagship digital lending application “MoneyThunder” offering micro loans
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Ripple Doubles Down on NFTs, Tokenisation Projects With US$250 Million Fund
Ripple, a provider of enterprise blockchain and crypto solutions, announced a US$250 million fund to explore non-fungible token (NFT) and other tokenisation projects on the XRP Ledger. The XRP Ledger is a decentralised, public blockchain led by a global developer
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HSBC, Temasek Launches US$150 Million Debt Financing Platform for Sustainable Projects
HSBC and Temasek announced a partnership to establish a US$150 million debt financing platform dedicated to sustainable infrastructure projects with an initial focus on Southeast Asia, as part of efforts to reduce climate change. In a joint statement, both entities
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SBI, Sygnum, and Azimut Launches US$75 Million Digital Asset VC Fund
Japanese financial group SBI Holdings, Swiss-based digital asset bank Sygnum, and European asset manager Azimut Group have jointly launched a venture capital fund of up to US$75 million based in Singapore, which will invest in startups in the digital asset
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Fintech Connect Asia – The Region’s Ultimate Fintech and Payments Summit
Fintech and PayTech Connect is coming to Asia for the first time next week on the 5th – 7th October 2021. Taking place as a hybrid event, speakers and attendees will come together in-person at Raffles City Convention Center Singapore
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Aussie Insurtech Firm Cover Genius Closes US$50 Million Series C Led by Sompo
Cover Genius, an Australian insurtech firm and embedded insurance specialist, announced that it has secured a strategic investment of US$50 million during a Series C funding round led by Sompo Holdings Asia. The round comprised primary and secondary capital, and
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The Trillion Dollar Cross-Border Payments Market is Getting a Makeover
The trillion-dollar cross-border payments market is getting a revamp, fueled by technological advances, a changing regulatory landscape and a rush of new entrants promising to solve customers’ long-lasting pain points. During Fintech Fireside Asia’s latest panel discussion, top executives from
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TMRW to Merge with UOB Mighty As Part of UOB’s S$500 Million Digital Initiative
UOB will invest up to S$500 million to bring together the innovation of its digital bank TMRW with the scale and product depth of its mobile app UOB Mighty on one platform dubbed as UOB TMRW. The bank will roll
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