Tagged: fintech

February 2, 2025 @ 5:44 pm By Michael Wong  |  

InfiniVAN Inc., a telecommunications arm of IPS, Inc., has joined forces with Maybank Philippines Inc. in a bid to upgrade the bank’s financial services and enhance its security framework through advanced internet solutions. The collaboration follows the successful completion of the Philippine Domestic Submarine Cable… Read More

February 2, 2025 @ 5:39 pm By Michael Wong  |  

Egypt-based fintech Halan Microfinance Bank has expanded its footprint into Pakistan following its acquisition of Advance Microfinance Bank. The deal provides Halan with an existing license and a rapid route into one of South Asia’s fastest-growing microfinance sectors, according to an announcement. The company announced… Read More

January 26, 2025 @ 8:45 pm By Michael Wong  |  

Furaha, a purpose-driven lending platform aimed at boosting financial access across sub-Saharan Africa, has raised $10 million through a joint investment by SC Ventures, Standard Chartered’s innovation and fintech investment arm, and Yabx Technologies (Netherlands) B.V. SC Ventures contributed $7 million, while Yabx, part of… Read More

January 26, 2025 @ 6:54 pm By Michael Wong  |  

Pluto, the United Arab Emirates’ corporate card and expense management platform, announced that it has secured $4.1 million in a pre-Series A funding round. The development comes shortly after Pluto’s co-founder Mohammed Ridwan revealed that the platform surpassed AED1 billion in cumulative spend under management,… Read More

January 23, 2025 @ 10:55 am By JD Alois  |  

Join the Lithuanian Embassy in Singapore and the Singapore Fintech Association for the Lithuanian-Singaporean Fintech Networking Event! Did you know Lithuania is the largest Fintech hub in the EU by licensed Fintechs? Global leaders like Revolut, Nium, Airwallex, and DriveWealth are leveraging Lithuania to serve… Read More

January 14, 2025 @ 9:22 pm By Michael Wong  |  

GCash, the leading fintech platform in the Philippines, has engaged major international banks for its upcoming initial public offering (IPO), potentially set for later this year, according to a Bloomberg report. The selected financial institutions include JPMorgan Chase & Co, Morgan Stanley, and UBS Group… Read More

January 12, 2025 @ 8:14 pm By Michael Wong  |  

The Central Bank of Ireland has launched its first “innovation sandbox programme,” introducing seven private-sector ventures focused on tackling financial crime. The initiative provides a controlled environment for testing new technologies, enhancing collaboration between the central bank and the fintech sector, and advancing solutions to… Read More

January 12, 2025 @ 7:17 pm By Michael Wong  |  

The digital lending market in the Philippines, which includes registered non-bank digital lenders and digital banks, is projected to surpass $1 billion by the second half of 2025, according to a new analysis by Digido. The growth reflects strong consumer demand for online financial services… Read More

January 11, 2025 @ 3:38 pm By Michael Wong  |  

XTransfer, a China-based business-to-business (B2B) cross-border trade payment platform, has been granted a major payment institution (MPI) license by the Monetary Authority of Singapore (MAS). The license, effective from January 1, 2025, enables XTransfer to offer diverse payment services in Singapore, enhancing its position in… Read More

December 29, 2024 @ 6:13 pm By Michael Wong  |  

Fintech firm Alif has announced securing a $20 million debt investment from Accial Capital, a U.S.-based impact private credit fund manager, to strengthen its Nasiya installment service and expand financial inclusion in Uzbekistan. The transaction was facilitated with advisory support from Nairang Capital and TMT… Read More

December 23, 2024 @ 4:00 pm By Michael Wong  |  

Crypto casino platform Winna.com has raised $15 million in a seed funding round, according to Crunchbase. The funds will fuel the platform’s growth and expansion, aiming to revolutionize online gambling through crypto. Since its launch in mid-2024, Winna.com has attracted over 10,000 active players, signaling… Read More

December 22, 2024 @ 5:22 pm By Michael Wong  |  

Global alternative investment firm Arcapita and financial infrastructure technology provider Dgpays have acquired a majority stake in NEOPAY, a UAE-based financial institution, in a deal valued at $385 million, according to an announcement. Mashreq Bank, NEOPAY’s founding entity, retains a substantial minority stake, signaling its… Read More

November 17, 2024 @ 6:06 pm By Michael Wong  |  

FortiCard, a Singapore-based global Fintech firm, has announced the establishment of its subsidiary in the United States and the acquisition of a Money Services Business (MSB) license issued by the Financial Crimes Enforcement Network (FinCEN) under the U.S. Department of the Treasury. This development marks… Read More

November 17, 2024 @ 6:04 pm By Michael Wong  |  

Dubai-based spend management platform Pemo announced raising $7 million in a Pre-Series A funding round. The investment comes as the company seeks to accelerate its growth in the Gulf Cooperation Council (GCC) region, including plans to expand into Saudi Arabia. The funding round was co-led… Read More

November 10, 2024 @ 5:05 pm By Michael Wong  |  

Fintech companies from mainland China are increasingly choosing Hong Kong as the base for their headquarters, attracted by the city’s capital accessibility and a strong talent pool. These firms are leveraging Hong Kong’s strategic position to expand their operations into ASEAN markets. KN Group, a… Read More

November 10, 2024 @ 1:08 pm By Michael Wong  |  

Pharos, a layer-1 blockchain network focused on hyper-parallelism, has completed an $8 million seed investment round. The funding was co-led by Lightspeed Faction and Hack VC, with SNZ Capital participating as a strategic anchor investor. Additional support came from Reforge, Dispersion Capital, Hash Global, Generative… Read More

November 2, 2024 @ 4:18 pm By Michael Wong  |  

Listed firm CryptoBlox Technologies Inc. has announced its acquisition of Blockchain Fintech Unipessoal LDA, a Portuguese company specializing in blockchain-based financial technologies. The announcement was part of the amended agreement that revises the initial acquisition terms disclosed on March 5, 2024, reflecting the latest developments… Read More

November 2, 2024 @ 5:26 am By Michael Wong  |  

NYSE-listed global Fintech player Broadridge Financial Solutions, Inc. has finalized its acquisition of Kyndryl’s Securities Industry Services (SIS) platform, a move aimed at strengthening its position in the Canadian financial services market. The SIS platform, known for providing wealth management and capital markets software solutions,… Read More

October 27, 2024 @ 4:42 pm By Michael Wong  |  

SEPA Cyber Tech Group Holding Ltd., a prominent technology developer and venture capital firm based in London, has rebranded its financial technology division as FinHub and unveiled an ambitious financial super platform under the same name. FinHub’s newly launched platform is designed to meet the… Read More

October 23, 2024 @ 10:20 am By Michael Wong  |  

Fintech companies are facing a challenging environment in 2024 due to high interest rates and heightened regulatory scrutiny, but they are also discovering new opportunities, according to the latest Future of Fintech Report from Silicon Valley Bank (SVB), a division of First Citizens Bank. Despite… Read More