Lending
SGeBIZ and Funding Societies Team Up to Offer BNPL Payment Option for SMEs
Southeast Asia’s SME digital finance platform Funding Societies has partnered with SGeBIZ, a provider of digital procurement, payment, and sourcing solutions, to introduce embedded finance solutions for SMEs in Singapore. This collaboration aims to integrate Funding Societies’ financing capabilities into
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Atome Financial Reports Profitability in Q1 2024
Atome Financial, a key player in Southeast Asia’s digital financial services, announced that it has achieved profitability in the first quarter of 2024 and reported a substantial increase in operating income for 2023. The company’s operating income soared to US$170
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FinbotsAI Expands Footprint to Myanmar via KBZ Bank Partnership
FinbotsAI, a Singapore-based fintech company specialising in AI credit scoring, has partnered with KBZ Bank, one of Myanmar’s largest privately-owned bank. This marks KBZ Bank as its first client in the country. KBZ Bank operates over 500 branches and serves
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OCBC Reports Sixfold Increase in Eco-Care Car Loans Amid Rising EV Popularity
OCBC has reported a major increase in its Eco-Care Car Loans, with numbers surging over sixfold in 2023 compared to their launch year in 2021. This rise coincides with a growing environmental consciousness among Singaporeans and a governmental push towards
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GXS FlexiLoan Programme Saves Customers S$4 Million in Interest Over One Year
Singapore’s GXS Bank has reported that its GXS FlexiLoan programme has facilitated S$4 million in interest savings for its customers over a 12-month period since its launch in April 2023. The bank, part of the Grab-Singtel digital bank consortium and
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HSBC Earmarks US$150M for Venture Debt to Fuel Singapore’s Business Expansion
HSBC has earmarked US$150 million for its venture debt offering that is aimed at scaling high-growth companies in Singapore. Through this initiative, high-growth, venture capital or private equity-backed companies in Singapore will have access to flexible funding arrangements to fuel
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Indonesia’s Akulaku Secures US$100M Debt Financing from HSBC Singapore
Indonesian fintech Akulaku Group announced that it has secured US$100 million in debt financing from HSBC Singapore. Akulaku aims to deepen its operational footprint in Southeast Asia, facilitating the launch of new financing products and enhancing services for the underbanked
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GoTo and TikTok Set to Launch BNPL Offering
Indonesian technology conglomerate GoTo Group is preparing to launch a “buy now, pay later” (BNPL) service in partnership with TikTok, according to Tech in Asia. This development follows GoTo Financial, the group’s financial technology division, appointing David Chen as the
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Atome Ties up With Chubb to Roll out BNPL Insurance for Its SE Asian Users
Buy Now, Pay Later (BNPL) firm Atome has teamed up with Chubb to co-create insurance products for its customer base across Singapore, Malaysia, the Philippines, and Indonesia. The initiative kicks off with the launch of “Bill Secure,” an insurance offering
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DBS India Commits to Offer US$250 Million in Loans for Local Startups
DBS Bank India has announced a commitment of US$250 million to provide loans to startups across the country, according to Tech in Asia report. This commitment by DBS India is aimed at bolstering startups that are leveraging advanced technologies to
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