Singapore-based personal finance app Fincy has secured US$11 million in fresh funding from its parent company GBCI Ventures, a venture building firm. Fincy plans to use the funding for building its presence in Singapore and accelerating its user base and infrastructure growth, first across...
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Wallex Technologies, a Singapore-headquartered fintech startup that seeks to serve FX and cross border payment needs of SMEs, has announced the closing of an undisclosed Series A funding led by Ant Financial-backed fund BAce Capital, SMDV, and Skystar Capital. Existing investors also participated...
Filipino fintech firm Ayannah merges with India’s ECAPS; plans to raise US$30M in Series B
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Philippines-based digital financial services provider Ayannah has announced a merger with Indian online payments company Equity Capital Advisors (ECAPS). Christened Ayannah Global (AG), the new entity aims to provide “affordable and accessible digital financial services” to the growing...
New York-based fintech startup Wahed (meaning ‘One’ in Arabic) describes itself as a digital Islamic investment platform and as the world’s first ‘halal robo adviser’. It’s now closed a $25 million investment round led by Saudi Aramco Entrepreneurship Ventures (also known as Wa’ed...
Belvo, a Latin American fintech startup which launched just 12 months ago, has already snagged funding from two of the biggest names in North and South American venture capital. The company is aiming to expand the reach of its service that connects mobile applications in Mexico and Colombia to a...
Omidyar-backed Spero Ventures invests in Mexico City’s Mati, a startup pitching ID-verification
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Spero Ventures, the venture capital firm backed by eBay founder Pierre Omidyar, has gone to Mexico City for its latest investment, backing the identity verification technology developer Mati. Launched in San Francisco, the two co-founders Filip Victor and Amaury Soviche, decided to relocate to...
Digio, a Thailand-based payment technology provider, has raised US$4 million in Series B round from Beacon Venture Capital, Thai interbank payments provider PCC, and Private Equity Trust for SME Growing Together 2 with Siam Alpha Equity (SAE) as Trust Advisor, to accelerate product and services...
It seems the demand for Safaricom’s M-Pesa payment product never eases. Since its 2007 launch in Kenya, the fintech app has commanded over 70% of the mobile money market in that country. When COVID-19 hit the East African nation of 53 million in March, the Kenyan Central Bank turned to M-Pesa...
San Francisco and Lagos-based fintech startup Flutterwave has launched Flutterwave Store, a portal for African merchants to create digital shops to sell online. The product is less Amazon and more eBay — with no inventory or warehouse requirements. Flutterwave insists the move doesn’t...
23andMe. MongoDB. Eventbrite. Evernote. Bird. Square . Tumblr. Unity. YouTube. Xoom. Roelof Botha has had a board seat in each of these companies, but his list of investments is much, much longer. The Sequoia partner and managing director is legendary in Silicon Valley and the broader tech world,...
Morning News Roundup: HK’s fintech startup Oriente receives US$50M; Singapore’s ZuBlu raises US$1M
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Hong Kong’s data science-powered fintech startup Oriente receives US$50M funding Hong Kong-headquartered Oriente, a technology and data science company focussed on financial access opportunities, has secured a fresh capital injection of approximately US$50 million in its ongoing Series B funding...
Tigerhall raises US$2M funding from Sequoia Capital India’s Surge, other Knowledge sharing platform Tigerhall announces a US$2 million funding round led by Sequoia Capital India’s scale-up programme Surge. Other investors in this round include the XA Network (formerly known as Xoogler Angels),...
BharatPe secured $75 million through a Series C funding round led by investors Ribbit Capital and Coatue Management. BharatPe aspires to scale new heights and take on the competition with the freshly raised funds. The company also plans to expand its Non-banking Financial Company (NBFC) wing that...
The new accounting standards, diversification of sales channels, and constant deterioration of profitability have led to a fundamental transformation of the insurance industry. Keeping this in mind, CONCAT, a South Korean FinTech startup, is offering optimal financial services. CONCAT was founded...
Singapore based next-gen capital market platform Istox has recently bagged funding of US$5M in a venture round. Two investors took part in this funding round in which Hanwha Asset Management emerged to be the leading investor. Apart from this South Korean financial major, Japan’s Tokai Tokyo...
A fintech startup Rapyd, launched in the year 2015 to create a cardless financial network, supporting the expansion of local and cross-border businesses in any type of commerce or fintech … The post Fintech Startup Rapyd Secures $100M To Fuel Asia Growth appeared first on AsiaTechDaily -...
Sachin Bansal Pumps In USD 104 Million Into Indian Microfinance Startup CRIDS – Named CEO
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CRIDS- Chaitanya Rural Intermediation Development Services is an Indian microfinance startup that aims to help the low and middle-income families in the country who do not use traditional banking services … The post Sachin Bansal Pumps In USD 104 Million Into Indian Microfinance Startup CRIDS...