Remittance

Tencent Co-Founder Backs Singaporean Fintech Startup to the Tune of SG$2.7 Mil

Koku is a foreign exchange fintech that is based in Singapore. And it just raised US$2 million (approximately SG$2.7 million) in a Pre-Series A funding round led by Jason Zeng, co-founder of Tencent Holdings. Jason is also the founder of China-based

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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,

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IBM Gears up to Challenge Ripple and SWIFT With Its Blockchain Payments

IBM World Wire is the Big Blue’s foray into real-time global payments network for financial institutions using blockhain — a space where fierce competition is happening between SWIFT and Ripple. IBM claims that World Wire is the first blockchain network

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WorldFirst Exiting the USA Market for Ant Financial Deal

WorldFirst is a foreign exchange company renowned for offering some of the best rates and features in the industry. Its headquarters is located in the UK, however recently its American branch gained prominence because it was used by a great

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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

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Ripple Selects Singapore as its Latest Partner for University Blockchain Initiative

Ripple announced the latest group of partners to join its University Blockchain Research Initiative (UBRI), an initiative to accelerate academic research, technical development and innovation in related fields—blockchain, cryptocurrency and digital payments. UBRI aims to foster an increase in blockchain-based academic

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TransferWise Bids Farewell to Head of Asia-Pacific Expansion, Lukas May

TransferWise is a London-headquartered international money transfer company, and it has built quite a name for itself in Singapore’s island nation in parts thanks to the efforts of its head of Asia-Pacific expansion, Lukas May. Lukas May has since resigned

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Facebook Reportedly Developing Crypto Stablecoin Targeting India’s Remittance

Facebook is reportedly working on a cryptocurrency for global payments on its WhatsApp messaging app. The project will first focus on the Indian remittances market, people familiar with the matter told Bloomberg. Facebook is developing a stablecoin, a cryptocurrency pegged

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Remmitance Player InstaReM Adds Multi-Currency Features for SMEs

Fresh out of their recent funding round of $US 20 Million, Singapore based remittance player announced the introduction of a new feature on its platform. This new service enables small business to make payments in multiple currencies in one go.

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South Korea’s First Blockchain-Powered Remittance Service to Thailand and Philippines

This month Coinone Transfer, a payments business and a subsidiary of Coinone, introduced South Korea’s first blockchain-powered remittance mobile app and web service called Cross — offering faster, lower cost payments to Thailand and the Philippines. Unlike other remittance options in South

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