Archive
SaaS Fintech Growfin Raises US$7.5M to Help CFOs Manage Cashflow
SaaS fintech startup Growfin announced that it has raised a US$7.5 million Series A funding round to provide real-time visibility and predictability in cash flow for modern CFOs. The funding round was led by Singapore’s SWC Global with participation from
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Payments Firm Nuvei Launches in Australia to Strengthen Global Footprint
Canadian payments company Nuvei has launched its services in Australia as it continues growing its APAC presence following its expansion to Singapore and Hong Kong last year. Australian businesses will have access to Nuvei’s full suite of payments solutions including
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YouTrip Integrates With Xero to Offer Cloud-Based Accounting for SMEs
YouBiz, the corporate card and finance management platform by Singapore’s neobank YouTrip, has partnered with cloud-based accounting software provider Xero. The partnership aims to equip local businesses and startups with more capabilities to manage their corporate expenses efficiently through the
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Endowus Empowers Underserved Groups to Reach Their Wealth Goals
Singapore’s digital wealth management platform Endowus has launched a community impact initiative to provide support to four main groups; not-for-profit organisations, women, gig workers, and tertiary students to enable them to reach their wealth and life goals. The Endowus Empower initiative
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MAS to Enhance Security Measures to Prevent Cross-Border Payment Scams
The Monetary Authority of Singapore (MAS) said that it is working actively to review and enhance the suite of anti-scam measures in light of the launch of the real-time cross-border retail payment linkages, in a written reply to a parliamentary
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What Fintechs Should Know About Central Bank Digital Currencies
Are you a bank or a non-bank fintech? With 11 countries already having launched their own Central Bank Digital Currencies (CBDCs) and more than 100 countries in the process of developing one, payment players are taking notice. OpenWay sheds light
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FOMO Pay Now a Member of Singapore Clearing House Association
Major payments institution licensee FOMO Pay announced that it is now officially a member of the Singapore Clearing House Association (SCHA). The SCHA is an association formed in December 1980 to establish, manage and administer clearing services and facilities for
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Seven Biggest Fintech Frauds of Recent Years: Who Got Caught?
It’s been a tough year for the fintech and crypto industry, and it has been under fire for various reasons. Among other pressures, perhaps the single most damaging aspect to come out of this year has been widespread suspicious activity
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Omdia Ranks Backbase as Leader in Digital Banking Platform Report
Digital banking software provider Backbase has been ranked as a leader in a report this year by Omdia, a London-based independent analyst and consultancy firm. The “Omdia Universe: Digital Banking Platforms, 2023” report recommends Backbase as a candidate in all
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Australian Central Bank Set to Launch CBDC Live Pilot in a Few Months
The Reserve Bank of Australia (RBA) will be launching its live central bank digital currency (CBDC) pilot in the next few months. The central bank has been collaborating with the Digital Finance Cooperative Research Centre (DFCRC) on a research project
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