Funding
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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’
Read More
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
Read More
Tryb Group Invests into Filipino Insurance Marketplace Maria Health
Maria Health, a Filipino aggregator for health insurance, has secured an undisclosed amount of seed funding from the tryb group, with participation from Gobi Ventures, Wavemaker, Hustle Fund and Grand Metro Holdings. Maria Health will use the additional funding to
Read More
India’s Now the Top Fintech Funding Hub in Asia, but It’s Too Soon to Celebrate
India, often considered Asia’s underdog tech advancements in Asia, is finally now the top fintech funding hub in the first quarter of 2019, beating longtime rival China. At Q1’s close, India’s fintechs raised US256.8 billion to China’s US$192.1 billion. It
Read More