Archive
Revolut Appoints HSBC’s Former Exec to Lead Wealth and Trading Products’ Launch
Challenger bank Revolut announced that it has hired banking veteran Deepak Khanna as its Head of Wealth and Trading effective from today onwards. In his role at Revolut Singapore, Deepak will build and lead the teams that will launch Revolut’s
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New Report Assesses Digital Lender Impact on Southeast Asian MSMEs
In Southeast Asia, micro, small and medium-sized enterprises (MSMEs) are the backbone of the economy, making up for 97%-99% of the region’s total enterprises and contributing between 52% and 97% of total employment. Yet, despite their centrality to national economies,
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What Does It Mean to Burn Ethereum?
In a recent Twitter post by blockchain research firm CryptoRank, they revealed that over 1 million Ether (ETH), worth roughly around US$ 4 billion, had been “burned” since the EIP-1559 protocol (also called the London Hard Fork) was introduced in
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FOMO Pay Joins DBS Digital Exchange for Merchants to Accept Crypto Payments
Singapore-based major payment institution FOMO Pay announced that it will be joining as a member of the DBS Digital Exchange (DDEx). FOMO Pay was recently granted a Digital Payment Token (DPT) Service license by the Monetary Authority of Singapore (MAS)
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The Biggest Insurtech Funding Rounds of 2021 in APAC
2021 has been a record year for insurtech funding. As of Q3 2021, more than US$10.5 billion had been raised by companies in the space year-to-date (YTD), surpassing 2020’s total of US$7.1 billion by nearly 48%, data from insurance advisory
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Binance Singapore Drops License Plans, Suspends Key Services Immediately
Binance Asia Services (BAS), the operator of its Singapore entity, announced that it intends to withdraw its licensing efforts in Singapore. The firm said in a statement that the “decision has not been made lightly”. BAS will be winding down
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UOB Indonesia Launches E-Commerce BNPL Service “TMRW Pay”
UOB’s mobile-only banking solution TMRW announced the launch of TMRW Pay, an e-commerce loan that enables consumers in Indonesia to manage their budgeting needs. TMRW Pay offers consumers deferred payment services, with zero interest for up to 90 days and instant
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Mambu Raises US$266 Million in Series E at a US$ 5.5 Billion Valuation
Software as a service (SaaS) banking platform Mambu announced that it has raised US$266 million (€235 million) in an EQT Growth-led Series E funding round. The funding brings the company’s valuation to US$ 5.5 billion (€4.9 billion) post money. Carolina
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7 Startups Graduate From F10 Singapore’s Second Acceleration Batch
The F10 Singapore Global Summit that was held on 30th November 2021 marked the end of the 3-month programme for its second acceleration batch featuring 7 startups. GreenArc Capital, New Wealth, Doomoolmori, BlueFire AI, Onchain, Senseforth, and InvestaX will continue
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MAS Green Lights Nityo’s US$100 Million Investment in MatchMove
The Monetary Authority of Singapore (MAS) has approved Nityo Infotech Corporation’s investment into Singaporean fintech MatchMove Pay six months after it was initially announced. This also marks the completion of MatchMove’s Series C funding round. MatchMove will remain independent with
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