Tagged: singapore

Singapore: BNPL hoolah Partners with BridgerPay

hoolah, a Buy Now Pay Later (BNPL) Fintech, has partnered with BridgerPay – a payments platform that operates in Singapore, Malaysia and Hong Kong. According to a not from the company, hoolah is the first and only BNPL provider in Asia to partner with BridgerPay… Read More

Standard Chartered and Tazapay Agree to Offer Digital Escrow Services via B2B Marketplace Proxtera

Standard Chartered (LON: STAN)  has committed to a Memorandum of Understanding (MoU) with payments company Tazapay in order to provide digital escrow services to buyers and sellers interested in trading globally via Proxtera, a B2B marketplace network. The initiative is Standard Chartered’s very first escrow-as-a-service… Read More

Validus Hires New Head of Strategic Alliances

Singapore-based SME finance platform Validus has announced the appointment of Alfred Aloysius as Head of Strategic Alliances. According to Validus, Aloysius has more than 25 years of supply chain experience having previously held management positions as Chief Procurement Officer at SMRT Corporation, and VP of… Read More

Decentralized Insurance Protocol InsurAce and Dora Factory to Introduce New Initial DEX Offering

The developers of decentralized insurance protocol, InsurAce have partnered with Dora Factory,  in order to offer one of the industry’s first IDO (Initial DEX Offering) insurance products on PentaLaunch, an IDO platform that’s reportedly owned by Dora Factory. As mentioned in a release shared with… Read More

Deutsche Bank Securities Services in Singapore and Hashstacs Finalize PoC on DLT for Sustainability related Digital Bonds

Deutsche Bank’s Securities Services business in Singapore and Hashstacs (STACS) have reportedly finalized their proof-of-concept (PoC), called Project Benja, on the use of distributed ledger technology (DLT) for crypto-assets and sustainability-related digital bonds. Set in the context of the nascent tokenized securities in the securities… Read More

UK Payments Fintech Paysend to Expand Operations into APAC Region, Hires Steve Wickers as MD for Asia Pacific

UK-based Paysend, a Fintech firm with the goal to develop the “next generation” of integrated global payment solutions that will save time, money and serve millions, has announced that it will be expanding its operations to the APAC region. Paysend reports reaching over 3.5 million… Read More

Wise Integrates With Google Pay to Allow U.S. Users to Transfer Funds to India & Singapore

  Fintech Unicorn and stealth bank Wise announced on Tuesday it has integrated with Google Pay to allow U.S. users to transfer funds to friends and family in India as well as Singapore. Wise reported that through the integration, all Android and iOS Google Pay users in the U.S. may send… Read More

Global Fintech Hackcelerator, the 6th Edition, Launched by Monetary Authority of Singapore

The Monetary Authority of Singapore (MAS), the central bank and financial regulatory authority of Singapore revealed on May 6, 2021 that it has introduced the sixth edition of the Global Fintech Hackcelerator, with the theme “Harnessing Technology to Power Green Finance.” As mentioned in the… Read More

Gemini Earn Introduces Interest Earning Opportunities for DogeCoin (DOGE), SushiSwap (SUSHI), Injective (INJ)

Digital asset firm Gemini reveals that (starting on May 9, 2021) you can now earn as much as 2.25% APY on Dogecoin (DOGE) that’s held at the Gemini cryptocurrency exchange. Gemini clients are now “collectively” earning interest on over $2 billion in loans that have… Read More

Digital Transformation: 68% of Singapore Consumers Prefer All-Digital Channels when Engaging with their Bank during Financial Hardship

During the past year, firms have been focused on accelerating their digital transformation strategies in order to maintain operations in a post-COVID environment. Their investments in digital technology have been essential to retaining business and clients. Companies now require the tools to conduct business remotely,… Read More

Global Payments Fintech Adyen Acquires Approval from MAS to Perform Merchant Acquistion Services in Singapore

Adyen (AMS: ADYEN), a global payments solution provider, reveals that its Singapore-based business entity has managed to acquire approval from the Monetary Authority of Singapore (MAS). The permit will allow Adyen to perform merchant acquisition services under the Payment Services Act 2019 (PSA). Effective from… Read More

Short-Term Debt Instrument Issued as Digital Securities by iSTOX and CGS-CIMB Securities International

CGS-CIMB Securities International, an integrated financial service provider based in Asia, and digital securities platform iSTOX have reportedly issued a short-term debt instrument as digital securities. The SGD 150-million (appr. $112-million) multi-tranche commercial paper will be used to cover operational costs and near-term obligations of… Read More

Brazil based Investment Firm Warren Secures BRL 300 Million in Capital via Series C led by GIC, Singapore’s Sovereign Fund

Brazil-based investment firm Warren recently revealed that it finalized a BRL 300 million (appr. $55.16 million) funding round that was led GIC, which is Singapore’s sovereign fund that has made other investments in the country’s Unicorns such as Nubank and Hotmart. Warren’s investment round includes… Read More

Digital Asset Marketplace Zipmex Reports First Lamborghini Purchased with Crypto

Zipmex, a Singapore-based digital asset exchange that operates in multiple countries, says it has processed Asia’s first purchase of a Lamborghini using cryptocurrency. According to a release, Jo Chirawat used Zipmex’s mobile app to put a downpayment in Bitcoin on a 2021 Huracán EVO RWD… Read More

Mortgage Platform Mortgage Master Raises SG$928,000 in Pre-Series A Funding

Mortgage Master, a mortgage brokering platform, has raised SG$928,000 in a Pre-Series A funding round, according to the company. The investment was led by Woon Young Jeong, along with existing investors, including Bala Swaminathan, former President of Westpac International and Founder of S Cube Capital,… Read More

UK Cross-Border Payments Fintech Currencycloud Appoints Former Goldman Sachs Exec to Lead APAC Expansion

London-based Currencycloud, an established provider of B2B embedded cross-border solutions, recently revealed that it has launched an Asia Pacific (APAC) headquarters in Singapore. Currencycloud‘s new business office, based in Raffles Quay, will act as a hub to help the UK-headquartered Fintech with expanding operations across… Read More

DBS Bank and Contour to Expand Digital Trade Offerings in Australia, China, Hong Kong, Singapore

DBS Bank and Contour have expanded their digital trade offerings to four new markets in the Asia-Pacific (APAC) region. As mentioned in a release, digital letter of credit capabilities will be offered in Australia, China, Hong Kong and Singapore starting this month. The announcement also… Read More

Robo Advisory Services in Singapore and Southeast Asia are Increasingly Being Used to Strategically Manage Investment Portfolios: Report

Robo-advisory services in Southeast Asian countries like Singapore are increasingly being used for managing finances and investments. Robo advisors were introduced around 2008, which was when the world was dealing with the global financial crisis. Over the years, digital transformation and the emergence of new… Read More

Singapore’s DBS Introduces AI enhanced Digital Investment Advisory Solution

DBS (SGX:D05)/POSB retail clients are now able to access a new feature offered via DBS’ AI-enhanced financial and retirement planning tool, called NAV Planner, which will aim to offer specific investment recommendations that are well-suited for different investment profiles and requirements. Evy Wee, Head of… Read More

Accelerating Asia Reveals New Cohort of 11 Asian Startups

Accelerating Asia has announced the fourth cohort of its flagship 100-day program for pre-Series A startups. According to a release, the 11 startups have raised over S$6 million coming into the program. The 11 new portfolio companies cover ten verticals and include companies from Singapore,… Read More

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