Archive
Digital Assets Wealth Management: A US$54B Opportunity for Asia’s Wealth Managers
In Asia, adoption of digital assets as an investment is growing at a staggering pace, emerging this year as the fifth largest asset class in the region. But despite soaring demand from investors, the majority of wealth management firms are
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DPM: Singapore and Switzerland to Deepen Ties to Break New Grounds in Fintech
Global financial centers such as Singapore and Switzerland need to set aside competition to collaborate on new frontiers as pioneering work thrives on the circulation of innovation and ideas said Heng Swee Keat, Deputy Prime Minister and Coordinating Minister for
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MAS Grants In-Principle Approval to Sparrow for Digital Payment Token Services
Digital assets trading platform Sparrow announced that it had secured an in-principle approval from the Monetary Authority of Singapore (MAS) for a major payment institution (MPI) license to provide Digital Payment Token (DPT) services. The company said that it is
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Temasek-Backed ShopBack Secures US$80 Million in Series F
Shopping and rewards platform ShopBack announced that it has raised US$80 million in a funding round led by Asia Partners, bringing its total funds raised to over US$230 million. ShopBack’s existing investor January Capital had also participated in the funding
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ADDX Partners China Construction Bank for China’s Offshore Investment Scheme
Private market exchange ADDX has partnered with the China Construction Bank (Chongqing and Singapore branches) to help domestic investors in China participate in the country’s official offshore investment scheme. Both entities signed a memorandum of understanding (MOU) to work together on
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Mambu Bolsters Its C-Suite With a Slew of Appointments
Software-as-a-Service (SaaS) banking platform Mambu has made four new senior hires to its C-suite to support its future growth. Mambu has appointed Werner Knoblich as Chief Revenue Officer (CRO), Fernando Zandona as Chief Technology Officer (CTO), Tripp Faix as Chief
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Singapore SMEs Struggle to Secure Financing
In Singapore, small and medium-sized enterprises (SMEs) are struggling to secure sufficient financing from traditional lenders, with most still largely relying on their personal networks to support their business, findings from a new study by cloud banking startup Mambu show.
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Vietnamese Fintech Anfin Bags US$4.8 Million Pre-series A Co-led by Y Combinator
Anfin, a Vietnam-based fintech firm with a proprietary stock trading platform, announced it has raised US$4.8 million in its pre-Series A funding round. The round was led by angel investor Clement Benoit, Founder of Stuart & Not so Dark as
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Crypto.com Secures In-Principle Approval for a Major Payment Institution License
Crypto.com announced today that it has received in-principle approval for a Major Payment Institution License from the Monetary Authority of Singapore (MAS). Once Crypto.com secures the full license, the crypto exchange will be able to offer a wide range of
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Vietnam’s Finhay Raises US$25 Million Series B Co-led by Openspace Ventures and VIG
Vietnam’s digital investment platform Finhay has secured a US$25 million in a Series B funding round co-led by Openspace Ventures and VIG. Other participants in the funding round include Insignia, TVS, Headline, TNBAura and IVC. Finhay said that the new
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