Wealthtech
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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GrabFin Rolls Out Investment Product Earn+ for Its Singapore Users
Southeast Asian fintech platform Grab Financial Group (GFG) announced that it will be launching Earn+, an investment product for its Singapore-based Grab users. GFG also revealed that it will be launching GrabFin, a new brand that offers Grab users a
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Endowus Strengthens Its Investment Office With 2 Key Appointments
Singaporean digital wealth platform Endowus has made two strategic hires with the appointment of Sean Wong as its Head of Investments, and Min Axthelm as its Director of Research. Both Sean’s and Min’s extensive experience is critical in further enhancing
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