Funding

Quona Capital Closes Second Fund with $203 Million Aimed at Financial Inclusion
Funding

Quona Capital Closes Second Fund with $203 Million Aimed at Financial Inclusion

Quona Capital, a venture firm focused on financial inclusion in emerging markets, today announced the final close of the Accion Quona Inclusion Fund. The Fund closed with $203 million in commitments from an array of leading investors including global asset

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58% of SMEs in South East Asia are Keen in Alternative Financing
Funding Lending Studies

58% of SMEs in South East Asia are Keen in Alternative Financing

In 2020 and onward, an increasing portion of micro, small and medium-sized enterprises (MSMEs) in Southeast Asia will turn to non-traditional financial sources for their financial needs. These sources of funding will need to be available “on-demand” to enable entrepreneurs

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Pand.ai Bags Pre-Series A Funding From Bangkok Bank’s Corporate VC Arm
AI Funding

Pand.ai Bags Pre-Series A Funding From Bangkok Bank’s Corporate VC Arm

Singapore-based AI start-up Pand.ai has secured an undisclosed amount in Pre-Series A funding from Bualuang Ventures, the corporate venture capital (CVC) arm of Bangkok Bank. This new funding round comes less than 3 months after the company announced its first

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Tookitaki Closes US$19.2 Million Series A To Help Fight Money Laundering
AI Funding Regtech

Tookitaki Closes US$19.2 Million Series A To Help Fight Money Laundering

Tookitaki a Singaporean regtech firm announced today that it has raised an additional US$11.7 million in funding bringing its total investment for their Series A to US$ 19.2 million. The extended Series A round allows Tookitaki to enhance its product

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Singapore Based Chatbot Startup Pand.ai Bags US$ 1 Million in Seed Funding
AI Funding

Singapore Based Chatbot Startup Pand.ai Bags US$ 1 Million in Seed Funding

Pand.ai, a Singapore-based artificial intelligence (AI) startup which develops smart chatbots, has snagged US$1 million in seed funding – the largest such amount raised from a single angel investor by a homegrown startup. According to their statement, the unnamed angel

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Rapyd Secures $100 Million in Funding to Fuel Global Fintech-as-a-Service Expansion
Funding Mobile Payments

Rapyd Secures $100 Million in Funding to Fuel Global Fintech-as-a-Service Expansion

Payments focused fintech Rapyd announced that they have secured US$ 100 million of financing in round led by Oak HC/FT with participation from Tiger Global, Caotue, General Catalyst, Target Global, Stripe and Entree Capital. This follows another round earlier this

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Stripe and PayPal’s Co Founder Backs PH-Based PayMongo’s US$2.3 Million Seed Round
Funding Philippines

Stripe and PayPal’s Co Founder Backs PH-Based PayMongo’s US$2.3 Million Seed Round

Philippines’ fintech startup PayMongo recently announced that it has raised US$ 2.3 Million in its seed round. PayMongo’s investments round sees participation from an impressive list of investors including Stripe, PayPal’s co-founder Peter Thiel, Tinder’s co-founder Justin Mateen, Y Combinator,

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The Most Well-Funded Fintech Startups in APAC by Country in 2019
Funding

The Most Well-Funded Fintech Startups in APAC by Country in 2019

Global fintech investment witnessed a massive surge in 2018 with most of that amount going towards companies in Asia Pacific (APAC). Out of the US$55.3 billion raised by fintech companies last year, 54% of that was raised by APAC companies,

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Standard Chartered’s VC Arm Participated in AI Firm’s US$40 Million Round
AI Funding

Standard Chartered’s VC Arm Participated in AI Firm’s US$40 Million Round

Digital Reasoning, today announced a strategic investment from SC Ventures, the innovation, ventures and fintech investments unit of Standard Chartered Bank, bringing its Series D-1 funding round total to $40 million. In addition to this investment, Digital Reasoning will partner

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Indonesian P2P Lending Firm PinjamWinWin Secures Funding from SOSV MOX
Funding Indonesia

Indonesian P2P Lending Firm PinjamWinWin Secures Funding from SOSV MOX

PinjamWinWin, a Peer-to-Peer (P2P) lending fintech company, today announces that it has raised funding from SOSV. The P2P lending firms claims to have successfully disbursed over US$9 million in loans, PinjamWinWin aims to continue providing the 185 million unbanked Indonesians

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