Funding
InstaReM Closes Series C Round, Bringing its Total Funding to US$ 59 Million
Singapore-based InstaReM, a digital cross-border payments company, announced the close of a US$41 million Series C funding round. The company pulled in an additional US$20 million round led by Singapore-based Vertex Growth Fund (VGF), supported by first-time investor Atinum Investment,
Read More
Saphron Raises SGD 1.35 M to Tackle Financial Inclusion in the Philippines
Manila-based insurtech startup Saphron has raised SGD1.35 million seed fund coming from fintech-focused VC fund Sage, and Talino Labs, a venture lab that supports companies engaged in digital transformation. Founded recently by solutions architect Francisco “Kiko” Reyes Jr, Saphron plans
Read More
Insurtech Startup CXA Raises US$ 25 Million — Eyes Expansion in Asia-Pacific
CXA Group, a one-stop, predictive and data intelligence platform for better health, wealth and wellness choices, announced today that it has raised US$25 million in its latest round of funding. CXA’s new group of strategic investors include HSBC, Singtel Innov8,
Read More
Insurance & Indonesia: What Grab’s New US$1.46 Bil Brings to The Table
Grab has been accused of being the most capitalised startup in Southeast Asia’s history, and with this recent closing of a whopping Series H we find it hard to disagree. Grab opened this round round since June last year, and at its
Read More
Rely Nets 7-Figure Funding for Enabling Online Payments in Installments
Rely just announced a seven-figure Pre-Series A funding led by Goldbell Financial Services. Additional funding comes from Octava, a family office based in Singapore among other strategic investors.The exact figure was not disclosed. Rely is a local fintech company that
Read More
P2P Lender Validus Raises Over $US 14 M in Oversubscribed Series B Funding
Validus a P2P lending platform announced today that it has successfully raised $US 14 Million in an oversubsribed series B funding round. Investment in Validus’ Series B round was led by FMO, Netherlands’ public-private development bank. FMO has over 300 investments
Read More
10 of the Top Funded Fintech Startups in Thailand
Thailand has certainly evolved into an interesting landscape for fintech as of late, thanks to a big push by the government in developing its fintech industry as part of the country’s broader Smart Cities and Thailand 4.0 initiative. The goal is
Read More
10 of The Top Funded Fintechs in Singapore
Depending on whether you count Grab (and that can be a contentious argument), Singapore has yet to produce a homegrown unicorn operating in fintech: but all signs point to one emerging in the future. Singapore only has Hong Kong as
Read More
10 Top Funded Fintech Companies in Indonesia
Indonesia’s fintech is probably one of the fastest growing tech sectors recently, thanks to the proliferation of peer-to-peer (P2P) lending. According to the Indonesian Financial Services Authority (OJK), transactions through P2P lending totaled US$951 million (Rp 13.8 trillion) in the
Read More
Ripple Backs Philippine-Focused Remittance Firm SendFriend in $1.7M Funding
SendFriend, a Philippine-focused remittance market startup, has raised up to US$1.7 million capital in a venture round backed by blockchain giant Ripple also known as the cryptocurrency XRP. Other leading investors include the MIT Lab, Mastercard Foundation, Barclays, Techstars, Mahindra
Read More