Funding

Atome Financial Secures Up to US$100 Million Debt Facility

Atome Financial, a digital financial technology platform in Southeast Asia and part of Advance Intelligence Group, has secured a three-year debt facility from EvolutionX Debt Capital. This marks EvolutionX Debt Capital’s first fintech investment in Southeast Asia and includes an

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NAB Ventures Takes Stake in Digital Asset Custodian Zodia Custody

Zodia Custody, a digital asset custodian backed by major banks, has secured an equity stake investment from NAB Ventures, the venture arm of National Australia Bank (NAB). The sum was not disclosed. This investment sees NAB joining Zodia Custody‘s other

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ZA Tech Rebrands as Peak3, Secures US$35 Million Series A Funding

ZA Tech, a next-gen insurance core system SaaS provider, has rebranded as Peak3 following a US$35 million Series A fundraise led by EQT. Peak3 offers a cloud-native, modular insurance core and distribution system catering to life, health, and property and

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MAS, National Bank of Cambodia Launch Financial Transparency Corridor for SMEs

The Monetary Authority of Singapore (MAS) and the National Bank of Cambodia (NBC) have inaugurated the Financial Transparency Corridor (FTC) initiative to enhance financial cooperation between the two countries, particularly for small and medium-sized enterprises (SMEs). The event, held at

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Amartha Nets US$17.5M Funding from Accion to Empower Women-Led MSMEs

Indonesian microfinance fintech company Amartha has secured a US$17.5 million equity funding from the Accion Digital Transformation Fund. This investment from global nonprofit Accion aims to help Amartha expand its platform, offering a full range of financial products and services

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Temasek Invests A$300 Million in Aussie ETF Manager Betashares

Aussie ETF Manager Betashares Bags A$300M Investment from Temasek Australian fund manager Betashares announced a binding agreement with Singapore’s state investor Temasek for an investment of up to A$300 million. Upon completion, Temasek will hold a minority stake in the

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AWS to Invest US$230 Million in Generative AI Startups Globally

Amazon Web Services (AWS) has unveiled a US$230 million commitment to support generative AI startups globally. This initiative aims to accelerate the development and market entry of new generative AI applications, providing early-stage startups with AWS credits, mentorship, and educational

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Regtech Firm Hawk Extends Series B With Investment From Rabobank

Hawk, a German regtech company with a presence in the APAC region, has announced the extension of its Series B funding round. The sum was not disclosed. This extension sees Rabo Investments joining the ranks of existing investors BlackFin Capital

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Top Funded Fintechs in Singapore 2024

Singapore is often considered fertile ground for startups and in particular fintechs to raise funds. In the first half of 2023, fintech companies in the country secured a total of US$934 million in funding across 84 deals, a far cry

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Indian Fintech Fibe Secures US$90 Million in Series E Funding to Fuel Expansion

Fibe, an Indian consumer lending fintech formerly known as EarlySalary, has raised US$90 million in a Series E funding round. The round was led by TR Capital, Trifecta Capital, and Amara Partners, with participation from TPG’s Rise Fund, Norwest Venture

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