Archive
Lending Fintech GajiGesa Closes US$ 6.6 Million Pre-series A Fundraise
GajiGesa, an Indonesian employee management and wellness platform offering Earned Wage Access (EWA) and other financial services, has closed an oversubscribed US$ 6.6 million (IDR 94.5 billion) in pre-Series A funding. The round was led by MassMutual Ventures, with participation
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Instant Cross-Border Payments Will Soon Become a Reality in APAC
Rapid adoption of instant payments and the proliferation of national real-time payment rails are making Asia-Pacific (APAC) a leader in real-time transfers. This, coupled with efforts to make cross-border payments faster and most efficient, are turning the region into a
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YouTrip Raises US$30 Million Series A to Fuel Its Growth in B2C and B2B Space
Singapore’s multi-currency travel wallet YouTrip announced that it has raised US$30 million in its latest Series A round, bringing its total funds raised to over US$60 million since launch. The round was driven by unnamed returning investors from major Asian family
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Wealthtech Firm Endowus Secures S$35 Million in Funding
Singaporean digital wealth app Endowus announced it has raised an additional S$35 million (US$27 million) to accelerate its growth across Asia. This brings the company’s total funding this year to S$67 million (US$50 million). The investment by Prosus Ventures and
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Crypto Payments Firm TripleA Secures Digital Payment Token License From MAS
Cryptocurrency payments company TripleA has been granted a Digital Payment Token license by the Monetary Authority of Singapore (MAS). The license allows TripleA to provide end-to-end cryptocurrency payment services for businesses. This includes crypto payments, payouts, remittances, and white-label trading
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The Hong Kong Fintech Week 2021 Ends on a High Note
Hong Kong Fintech Week (HKFW) 2021 ended on November 5, closing a global conference exploring an array of business opportunities for the fintech industry in Hong Kong and across the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). The event which featured
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Thunes Appoints Payments Expert Biren Zandani to Accelerate Growth in APAC
Global cross-border payments company Thunes announced that it has appointed Biren Zandani as the SVP for Asia Pacific (APAC). Biren, based in Singapore, is a recognised payments expert with over 20 years of experience in financial services, particularly B2B, B2P,
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How Can Financial Institutions Put a Stop to Account Takeover Attacks
Financial Institutions (FI’s) can detect and prevent account takeover attacks using continuous monitoring and adaptive multi-factor authentication. Account takeover (ATO) fraud is one of the top causes of fraud losses for banks and financial institutions. An account takeover occurs when
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MAS Mulls Supervisory Actions Following DBS’ Two-Days Service Disruption
The Monetary Authority of Singapore said that it will consider appropriate supervisory actions after DBS Bank conducts an investigation following the disruption of its digital banking services that lasted for two days. According to Bloomberg’s report, Marcus Lim, Assistant Managing
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Digital Assets Trading Platform Sparrow Offers PayNow Services for Institutional Clients
Sparrow, a digital assets trading platform headquartered in Singapore, announced that it now accepts PayNow transfers for institutional clients. PayNow is a convenient and secure method of transfer which is in line with the high-security standards adopted by the local
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