Funding
Asian Development Bank Report Suggests That Blockchain Can Help SMEs Gain Funding
Digital innovation and in particular blockchain technology can increase small business access to finance, according to a new study by Asian Development Bank. In a report, titled Fintech for Asian SMEs, ADB explores how technologies such as distributed ledger technology
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Experian Leads US$20M First Close of Series B1 Investment in CompareAsiaGroup
Experian, a global information services provider, is leading the US$20 million first close of Series B investment in CompareAsiaGroup, a comparison site with significant presence across Asia. Founded in 2014, CompareAsiaGroup claims to reach 60 million users across six markets
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SoCash Sees Participation from Vertex Ventures in its US$ 6 Million Series B Round
SoCash, a Singapore based fintech announced today that it has raised US$ 6 Million in its Series B funding round led by Japan based cashed automation player Glory Ltd and participated by Standard Chartered’s SC Ventures alongside Vertex Ventures. SoCash’s
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SGX to Invest in Sequioa Backed Wealthtech SmartKarma
Smartkarma, the global investment research network, today announced it has received a strategic investment from Singapore Exchange (SGX). The company was also highlighted in our list of Asia’s Top 19 Wealthtech Solutions in 2019. The investment marks the next step
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Sumitomo Life Buys 25% Stake in Singapore Life for US$ 90 Million
Singapore Life seems to be a on a streak, as they raise yet another round funding this year. In this round, the homegrown insurtech company secure US$ 90 Million investment from Sumitomo Life Insurance company. Through this transaction Sumitomo Life
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Temasek and Tencent to Invest US$35 Million in TrueLayer
Tencent and Temasek is set to invest US$ 35 Million in UK-based open banking startup True Layer’s US$40 Million Series B round. This fresh round of funding brings the startup’s total funding to US$ 51.8 Million, according to Crunchbase. Temasek’s
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Philippine Based Crypto Startup PDAX Receives Funding Boost from BitMEX
Philippines Digital Asset Exchange (PDAX), a locally based cryptocurrency exchange platform recently received an undisclosed sum of funding from BitMEX Ventures. This news follows a recent investment by Consensys into PDAX. According to BitMEX co-founder and CEO Arthur Hayes, they
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Singapore’s tryb Invests in Indonesian Property Crowdfunding Platform Gradana
tryb announced today that it lead the pre-series A round for Gradana, a peer-to-peer property crowdfunding platform based in Indonesia. According to Gradana’s CEO Angela Oetama, one of the key challenges towards buying and renting property in Indonesia is the
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UnionBank Eyes Investing US$9.6 Million Every Year in Fintech
Philippines’ UnionBank has expressed their intention to invest around $US 9.6 Million into incubating or buying technology ventures where financial services could be wired into, and they’ll be refreshing the fund every year, according to Inquirer.net, UnionBank is among Philippines’
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Youtrip, a Multi-Currency Travel Wallet, Closed US$25.5 Mil in a Pre-Series A Funding
YouTrip, a multi-currency mobile wallet with a prepaid Mastercard, has successfully raised US$25.5 million in a pre-Series A. Participating investors include major Asian family offices and venture capital firm Insignia Ventures Partners, founded by ex-Sequoia Partner Yinglan Tan. With the
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