Funding
Cambodian Fintech Startup Clik Raises US$3.7 Million In Seed Funding
Clik, a Cambodian fintech startup, has completed the final close of its US$3.7 million seed round led by Openway and Poems Pte Ltd along with several global angel investors, a third of which are Cambodia-based. This round of financing, which
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Singapore’s EDBI Makes Strategic Investment in Vesta to Fuel Its APAC Expansion
Vesta, a fintech firm focused on fraud protection, has secured a strategic investment from EDBI, a corporate investment arm of the Singaporean Economic Development Board. This investment, along with a strategic alignment with EDBI, will accelerate the company’s momentum and
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Thought Machine Enters APAC Market with Cloud Core Banking Solution After Raising US$ 42M
Thought Machine, the cloud-native core banking technology firm, marks its entrance into the Asia Pacific market by announcing the signing of an additional US$42 million in funding for its Series B round. This round extension will close in early August
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Episode Six Secures US$7 Million to Accelerate Global Growth as Demand for Digital Transformation Increases
Episode Six, a next-generation financial technology provider, today announced that it has secured US$7 million of its Series A funding. The round was led by HSBC and includes investments from Mastercard and SBI Investment Co., Ltd., which first invested in
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AMTD Digital Continues Acquisition Spree in Singapore with FOMO Pay
AMTD Digital, the integrated digital solutions platform of AMTD Group, announced that it will acquire a controlling stake in FOMO Pay, a QR payments provider, via its “Fusion-in” programme, which involves using a combination of share swap and cash for
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Singapore Fintechs See Over Half a Billion in Fundraising Activities Despite COVID-19
Investments into Singapore headquartered fintechs rose sharply in the months of April and May 2020, reversing a quiet first quarter as investors made larger bets on businesses relevant in the current environment. Total equity funding reached a record high of
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CapBridge Financial Secures Investments From SGInnovate and Hong Kong’s Cyberport
CapBridge a Singapore based private market eco-system comprising announced that it has received equity investments from SGInnovate and Cyberport Macro Fund, further attesting to its strong government support and growing regional network. SGInnovate is a private-limited company wholly owned by
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Fintech Deals See a Downturn Amid COVID-19 Health Crisis
Fintech investment and M&A deals saw a sharp downswing in March due to the COVID-19 outbreak, according to a new report by investment bank Houlihan Lokey. In March, North America and Europe recorded 28 M&A deals in the fintech sector,
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COVID-19 Crisis Likely to Impact Negatively Early-Stage Startup Funding, Investors Say
The COVID-19 pandemic will have a negative impact on early-state investing activity in 2020, investors say. This is according to a survey conducted by 500 Startups which found that more than 80% of investors believe the current health crisis is
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Corporate Venture Capital Funding Booms As Banks Pour Billions Into Fintechs
Corporate venture capital (CVC) funding hit an all-time high last year, with banks pouring billions into fintechs as they look to diversify and feel pressured by increasing competition. From 2014 through Q3 2019, total CVC deals by banks and other
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