Archive
Funding Societies Lands US$50 Million Credit Facility From HSBC
Funding Societies, a Southeast Asian Small and Medium Enterprises (SME) digital financing platform, announced that it has received a US$50 million credit facility from HSBC Singapore. Through this new facility, Funding Societies will be able to channel the funds via
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InvestHK and HKMA Launches CBDC-Focused Vertical at the Global Fast Track 2022
Invest Hong Kong (InvestHK) and the Hong Kong Monetary Authority (HKMA) jointly announced the addition of the Central Bank Digital Currency (CBDC) track to the Global Fast Track 2022, giving local and global firms valuable opportunities to partner with the
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BHEX.SG Licensed by MAS to Offer Crypto Services in Singapore
Bhop Consulting Pte Ltd trading as Singapore-based crypto exchange BHEX.SG, announced that it has received the Standard Payment Institution license from the Monetary Authority of Singapore (MAS). The granting of the Standard Payment Institution license will enable BHEX.SG to offer
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FOMO Pay Raises US$13 Million in Series A Round Led by Jump Crypto
Singapore-based major payments institution licensee FOMO Pay announced that it has secured a US$ 13 million investment for its Series A funding round led by Jump Crypto. Other participating investors include HashKey Capital, Antalpha Ventures, Ab Initio Capital, and Republic
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Crypto.com Names Chin Tah Ang as General Manager for Singapore
Crypto.com announced that it has appointed Chin Tah Ang as its General Manager of Singapore. Ang brings a wealth of strategic business development experience in the technology sector and a deep understanding of the Singapore market landscape. Most recently, Ang
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Hodlnaut Files for Judicial Management to Avoid Forced Asset Liquidation
Cryptocurrency platform Hodlnaut has filed an application with the Singapore High Court to be placed under judicial management on 13 August 2022 to avoid forced liquidation of its assets. The firm called it a “suboptimal solution” that will require it
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LifeSG App Had Close to a Million Transactions Valued at S$41 Million Since Nov 2021
Close to 900,000 transactions, totaling over S$41 million, have been made through GovWallet on the LifeSG mobile application since the launch of the jointly developed digital payment service in November 2021 as Singapore aims to go cheque-free by 2025. LifeSG
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Nium Names Ramana Satyavarapu as Its Chief Technology Officer
Global payments platform Nium announced the recent appointment of Ramana Satyavarapu as Chief Technology Officer (CTO) and he will be responsible to drive the firm’s global engineering, strategy and technology vision. Satyavarapu will manage the company’s core technology strategy and
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One in Three BFSI Customers Are Underwhelmed By Their Digital Offerings
Accustomed to the highly personalized digital experiences they get from bigtechs like Google and Amazon, banking and insurance customers are increasingly growing dissatisfied with the services they receive from their traditional financial services providers. This suggests a gap between customers’
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Visa: More Than One Third of APAC Consumers Likely to Use DeFi in Next 6 Months
In Asia-Pacific (APAC), though decentralized finance (DeFi) remains a nascent sector, adoption of DeFi services among consumers is growing rapidly, fueled by the region’ burgeoning blockchain and cryptocurrency startup scene. A 2022 survey conducted by Visa and YouGov, which polled
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