Wealthtech

MAS-Regulated Digital Asset Exchange SDAX Has Officially Launched

SDAX, an integrated digital investment and trading platform regulated by the Monetary Authority of Singapore (MAS), has officially launched. The platform offers access to curated institutional-grade investments focusing on real estate and ESG to institutional, accredited and retail investors. The

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Hugosave Completes US$4 Million Pre-series A Fundraise

Hugosave, a Singapore-based Wealthcare® and savings app, announced the completion of its US$4 million pre-Series A funding round, bringing the total amount of funds raised to US$10.5 million. The majority of funding was provided by current shareholders, including 1982 Ventures

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MAS Grants In-Principle Approval to Sparrow for Digital Payment Token Services

Digital assets trading platform Sparrow announced that it had secured an in-principle approval from the Monetary Authority of Singapore (MAS) for a major payment institution (MPI) license to provide Digital Payment Token (DPT) services. The company said that it is

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ADDX Partners China Construction Bank for China’s Offshore Investment Scheme

Private market exchange ADDX has partnered with the China Construction Bank (Chongqing and Singapore branches) to help domestic investors in China participate in the country’s official offshore investment scheme. Both entities signed a memorandum of understanding (MOU) to work together on

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Vietnamese Fintech Anfin Bags US$4.8 Million Pre-series A Co-led by Y Combinator

Anfin, a Vietnam-based fintech firm with a proprietary stock trading platform, announced it has raised US$4.8 million in its pre-Series A funding round. The round was led by angel investor Clement Benoit, Founder of Stuart & Not so Dark as

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Vietnam’s Finhay Raises US$25 Million Series B Co-led by Openspace Ventures and VIG

Vietnam’s digital investment platform Finhay has secured a US$25 million in a Series B funding round co-led by Openspace Ventures and VIG. Other participants in the funding round include Insignia, TVS, Headline, TNBAura and IVC. Finhay said that the new

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ADDX Now Recognises Crypto Assets When Onboarding Accredited Investors

Private market exchange ADDX announced that it now recognises cryptocurrency assets for the purposes of onboarding accredited investors to pave the way for more individuals to qualify as one. They can thereby participate in more sophisticated investment opportunities in the

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Indonesian Crypto Investment Platform Pintu Raises US$113 Million Series B

Pintu, an Indonesian crypto asset trading and investment platform, announced that it has closed a Series B funding round of US$113 million (Rp. 1.6 trillion). Investors joining the round include Intudo Ventures, Lightspeed, Northstar Group, and Pantera Capital. Through this

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Indonesian Robo-Advisor Bibit Raises US$80 Million in Fundraise Led by GIC

Indonesian digital investment app Bibit announced that it has raised more than US$80 million in a funding round led by GIC, joined by Prosus Ventures and other existing investors. Bibit said that the funds raised will be used for the

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ADDX Raises US$58 Million, Thai Stock Exchange and UOB Are Now Shareholders

Singapore Exchange-backed private market platform ADDX has raised US$58 million in a Pre-Series B funding round, bringing its total funds raised to around US$120 million. The fundraise saw several financial institutions come on board as new shareholders. This includes SET

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