Archive
DBS Becomes the First Singaporean Bank to Join the Metaverse With The Sandbox
DBS announced the launch of DBS BetterWorld, a metaverse experience created in partnership with Animoca Brands’s decentralised gaming virtual world The Sandbox. The partnership makes DBS the first bank in Singapore to make a foray into the metaverse. Under the
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VerifyVASP Raises Series A Funding at $100M Valuation Led by FTX Ventures
Compliance startup VerifyVASP has concluded its Series A investment at a US$100 million valuation. FTX Ventures together with Peak Capital and Bcharu invested US$5 million into the company to cement its position as a Travel Rule solution trusted by virtual
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Merchant Onboarding and E-KYC Partnership Between MineSec and Zoloz
MineSec announced today a partnership with Zoloz to streamline the Know-Your-Customer (KYC) and Know-Your-Business (KYB) process for merchant onboarding. MineSec is a Singapore-based white-label SoftPOS solution provider and Zoloz is a global leading technology service provider of AI-powered Digital Identity
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Singapore Fintech Funding Hits 3-Year High at US$2.14B, Payments Takes the Spotlight
Fintech funding in Singapore hit a three-year high in the first half of 2022 (H1’22) with US$2.14 billion, though still less than the US$2.51 billion recorded in the second half of 2021 (H2’21), according to KPMG’s Pulse of Fintech H1’22 report.
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Akulaku’s BNPL Solution Now Among Payment Methods Supported by Alipay+
Alipay+, a suite of global cross-border digital payments and marketing solutions, has included Indonesian fintech Akulaku’s Buy Now Pay Later (BNPL) solution among its supported digital payment methods. This partnership will allow Indonesian consumers to use the Akulaku PayLater solution
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KPMG to Accelerate Embedded Finance Adoption in Singapore With New Hub
KPMG announced plans to launch Singapore’s first embedded finance hub to provide incubation support to enterprises and financial institutions by matching participants across the industry and providing knowledge in specific areas of embedded finance. The hub is set to run
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India’s Fintech Sector to Reach US$1T in AUM by 2030
India has emerged into one of the largest fintech ecosystems in the world, owing to surging funding activity, rapid adoption of digital financial services and supportive government initiatives. Over the next decade, the sector will continue to rise substantially, with
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Vietnam’s Be Group Secures US$60 Million Loan Facility From Deutsche Bank
Vietnamese ride-hailing startup Be Group announced that it has secured a loan facility of approximately US$60 million from Deutsche Bank with the option to increase the financing up to US$100 million. Be Group said that it will use the funds to
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Fintech Connect Asia Is Finally Back as a Physical Event in Singapore
Fintech Connect Asia is back for its 2nd edition, happening from 11 to 13 October 2022 and taking place at Raffles City Convention Centre, Singapore. This event will present an opportunity for fintech leaders to interact and network in person
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Here Are the 11 Fintechs Joining F10’s Latest Accelerator Programme in Singapore
Fintech startup accelerator F10 announced that it has selected eleven startups for the fourth edition of its incubation programme which began on the 29th of August. The cohort includes 11 pre-seed and seed startups from across 8 countries with 5
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