Archive
Southeast Asia’s Cross Border Transfer Industry Landscape
Southeast Asia’s money transfer market is a dynamic and fast-evolving sector that has been impacted by increased digitalization, rapid adoption of digital wallets, and the rise of so-called super-apps. A new report by FXC Intelligence, a financial data company specializing
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East Ventures to Invest US$500K in Winners of Its Hackathon for Laid-off Tech Talent
Indonesia-focused venture capital firm East Ventures announced that it has selected 30 teams from its hackathon programme for laid-off tech employees, PASTI BISA, Maju Terus Pantang Mundur (IDPB MTPM). The programme received a total of 270 submissions where 120 shortlisted
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3 Questions You Should Ask Yourself Before You Invest in a Cryptocurrency
If you’ve just started getting involved with cryptocurrency markets, you might be confused by all the different coins there are out there, and it’s perfectly normal. There are literally tens of thousands of coins right now with new ones being
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Top 10 Biggest Crypto Failures of 2022
This year has been a tough one for the crypto industry. From Bitcoin’s wild price swings to the implosion of major exchanges, it’s been a rollercoaster ride for investors and enthusiasts alike. And while there have been some bright spots,
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Binance Buys Majority Stake in Indonesia’s Tokocrypto, Lays off 58% Of Workforce
Global cryptocurrency exchange Binance announced that it has become the majority shareholder in Indonesia’s crypto assets digital exchange Tokocrypto. Details of the transaction was not disclosed. Tokocrypto is the first crypto exchange in Indonesia to be registered under the Trade
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CGS-CIMB’s High-Net-Worth Investors Now Have Access to All ADDX Products
Securities brokerage CGS-CIMB Singapore’s individual accredited investors will now have access to private market exchange ADDX’s offerings. These offerings include private equity, private credit, venture capital, hedge funds, real estate, fixed-income products like bonds and commercial papers, as well as
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Temasek-Backed Amber Bags US$300M Series C Amidst Mass Layoffs, Sparrow Acquisition
Global digital asset platform Amber Group announced that it has completed its US$300 million Series C round led by Fenbushi Capital US. The latest round also saw participation from various other crypto-native investors and family offices that were . Amber
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Top Fintech Events Taking Place in Asia in Q1 2023
Fintech is one of the most dynamic industries in Asia, a booming sector that’s risen on the back of rapid adoption of digital financial solutions, soaring funding activity and the presence of a young and digitally-savvy population that’s eager to
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Payoneer Secures In-Principle Approval From MAS to Expand Payment Offerings
Payments firm Payoneer announced that it has received in-principle approval for a Major Payment Institution License from the Monetary Authority of Singapore (MAS). Through this license, Payoneer will soon be able to offer additional payments services such as mass payout
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Validus Secures Funding for Its Series C-1 Fundraise
Southeast Asian SME financing platform Validus today announced that it has raised its Series C-1 funding round. Details of the fundraise was not disclosed. New investors joining the round include NongHyup Financial Group, NorinChukin Bank, Aizawa Asset Management and Lotte
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