Indonesia’s fintech sector is booming with 600 percent growth in fintech players over the past decades, according to a report by AC Ventures (ACV) and Boston Consulting Group (BCG). The growth was primarily driven by […]
Category: fintech
Wise adds 15 partners, 4 markets
Global payment platform Wise added 15 new partners and entered four new markets — Hong Kong, Israel, Turkey, and the United Arab Emirates — in 2022. These partnerships — totalling 60 worldwide — are made […]
Crypto.com appoints Singapore GM
Crypto.com has named Chin Tah Ang as General Manager of Singapore. Ang has a wealth of strategic business development experience in the technology sector and a deep understanding of the Singapore market. He was most […]
Huobi launches Ivy Blocks to grow blockchain ecosystem
Huobi Global has launched its Ivy Block to tap growth opportunities in the DeFi and Web3 space With its multi-billion dollar war chest, Ivy Blocks will focus on identifying and investing in promising blockchain projects. […]
Currencycloud secures ASIC licence
Currencycloud has received the Australian Financial Services’ (AFS) licence to offer its services in Australia. Currencycloud has some fast-growing clients in Australia but had been limited to international payments only. With the licence, its clients […]
VNPAY deploys NVIDIA DGX A100 to supercharge fintech innovations
Fintech company VNPAY is utilising the NVIDIA DGX A100 system to enable AI applications for partners and customers. An example is the electronic-Know-Your-Customer (eKYC) service developed for Vietcombank and VietinBank. About 70 percent of the […]
Crypto.com first fintech to receive data protection trust mark
Crypto.com has become the first fintech company to receive the Data Protection Trust Mark (DPTM) awarded by Singapore’s Infocomm Media Development Authority (IMDA) for sound data protection practices. With the certification, Singapore-based customers can be […]
MonetaGo and IBM team up on secure financing solution deployment
MonetaGo and IBM are partnering to deploy the recently-announced global secure financing solution in Asean. Digitising key trade finance processes will create opportunities for financial institutions to collaborate in new ways while maintaining privacy of […]
Razer cans e-wallet service
Razer is shutting down the Razer Pay eco-system, which covers the e-wallet and credit card, in Singapore and Malaysia on September 30. Beta launched to much excitement in mid-2019, the service was targeted at the […]
Square to acquire Afterpay
Square has agreed to acquire Afterpay for US$29 billion. The acquisition is expected to be completed by the first quarter of 2022. According to Jack Dorsey, Co-Founder and CEO of Square, both companies have a […]
Quadpay rebrands as Zip
A year after its acquisition of Quadpay, Zip is renaming the buy now, pay later (BNPL) platform to increase brand presence for its growing global business. It is investing deeply to escalate its brand awareness […]
Choco Up pumps US$8m into Janio to fuel expansion
Fintech firm Choco Up has invested USD$8 million in Janio, a cross-border platform that provides integrated, end-to-end e-commerce logistics solutions in Southeast Asia. Singapore-based Janio aims to simplify deliveries across borders and integrate the logistics […]
ClearScore secures US$200m funding
Fintech firm ClearScore has received a US$200 funding from Invus Opportunities to grow its team, product suite and customer base globally.. The credit marketplace serves more than 14 million customers worldwide, with more than 400,000 […]
hoolah and BridgerPay pair up in Asia
hoolah and BridgerPay are teaming up to provide merchants in Singapore, Malaysia and Hong Kong the opportunity to offer their customers to pay later in a flexible, convenient and transparent way. Singapore-headquartered hoolah offers merchants […]
TransferWise becomes Wise
London-based TransferWise has been renamed as Wise and expanded its Singapore office to larger premises with more than 70 additional headcount in 2021. Launched in 2011, the money transfer company has built a cross-border payments […]
Budget Direct Insurance offers 24-hour online emergency assistance
Singapore’s Budget Direct Insurance has launched a 24/7 online emergency support for motorists and travellers seeking assistance while on the road in Singapore or travelling in Malaysia or South Thailand. The link from the company’s […]
Goodbye, DBS 2FA token!
Come April 1, DBS Bank customers need no longer use the physical 2FA token for online and mobile transactions — that’s one less device to carry. The bank has decided to go fully digital and […]
YouTrip partners with Visa to accelerate SEA expansion
YouTrip has inked a six-year partnership with Visa to accelerate its expansion into Southeast Asia (SEA). With presence in Singapore and Thailand, the fintech startup plans to establish bases in Malaysia and the Philippines. Malaysia […]
GoBear closing shop
In a sad sign of the times for the startup scene, GoBear is beginning a formal process to shut down operations because of the pandemic-hit operating environment and an inability to raise additional funds. The […]
Singapore launches Asian Institute of Digital Finance
A week after granting four digital banking licences, Singapore has moved further in the fintech space. with the launch of the Asian Institute of Digital Finance (AIDF). Hosted by the National University of Singapore and […]
Fintech startup Sleek secures US$4m funding
Sleek has raised US$4 million in a new funding round by SEEDS Capital, MI8 Limited and investor Pierre Lorinet. The capital injection will be used to expand to new markets in Asia and develop digital […]
YouTrip taps online gaming market
Following the rise of online gaming due to pandemic restictions, multi-currency mobile wallet YouTrip has moved to tap Singapore’s online gaming community. It has launched the YouTrip Gaming platform to connect like-minded users and strengthen […]
Manny Pacquiao’s outfit to launch digital payment platform
World boxing champion Manny Pacquiao is looking to take his winning ways from the ring to the digital payment arena in Asia and beyond.
MAS pledges S$250m to drive fintech innovation and adoption
The Monetary Authority of Singapore (MAS) has committed S$250 million to a scheme to accelerate technology and innovation in the financial sector over the next three years.
Cloud Expo Asia, Hong Kong goes online
Cloud Expo Asia, Hong Kong is the latest tech event in the region to move online — another casualty of the coronavirus. The dates remain the same — September 23 and 24 — and its contents will be remain online for three weeks after the event.
ABC Technology named as WEF Technology Pioneer
ABC Technology has been named on the list of Technology Pioneers announced by the World Economic Forum (WEF) today. The fintech innovator is among 15 Asian companies to receive this prestigious award.
Mai Linh enables SmartPOS payment in taxis
Mai Linh has become the first transport company in Vietnam to offer SmartPOS payment service in taxis.
GoBear secures US$17m funding
Amid the investment slowdown due to the COVID-19 pandemic, GoBear has managed to secure an additional US$17 million in funding to help it become a full-fledged financial services platform.
ABC Technology listed among IDC’s 101 fastest growing fintech in APAC
Fintech startup ABC Technology has been rated by IDC as among the 101 fastest growing fintech companies in the Asia-Pacific region (excluding Japan).
Beyond makes it three for digital full bank licence in Singapore
The Beyond consortium led by V3 Group and EZ-Link has become the third player vying for a digital full bank licence in Singapore. It follows submissions by a Singtel-Grab team and another by Razer, Sheng Siong and four other partners.
Entelechy Asia 