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2025-01-10 12:22:47 -

Largest Philippine fintech company GCash said to pick banks for IPO
GCash, the largest fintech platform in the Philippines, has picked banks to work on an initial public offering (IPO) that could take place this year, Bloomberg reported on Thursday, quoting people familiar with the matter. GCash has selected JPMorgan Chase & Co, Morgan Stanley and UBS Group AG to work on the potential share sale, the people reportedly said. Other banks that may also help...

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2025-01-15 12:56:04 -

Tracxn : Southeast Asia’s FinTech funding drops 23 percent in 2024
Southeast Asia’s (SEA) Fintech ecosystem witnessed total funding of $1.6 billion in 2024, a 23 percent drop from $2.1 billion in 2023 and a significant 75 percent decrease from$6.3 billion in 2022, Tracxn said Monday. The data platform said in a statement that the funding in 2024 returned to pre-pandemic levels, reflecting challenges posed by macroeconomic conditions, rising interest...

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2025-01-13 06:11:16 -

Green Packet secures digital lending license in Malaysia
Malaysia-listed tech firm Green Packet has secured a digital lending license from Malaysian government. The firm said in a statement on last Thursday that its subsidiary Packet Interactive Sdn Bhd has secured the license from Ministry of Housing and Local Government. This digital lending license will enable Packet Interactive Sdn Bhd to further expand its suite of financial products and...

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2025-01-10 14:14:36 -

Hong Kong’s Reap receives in-principle approval for MPI license from MAS
Reap, a Hong Kong-based payment technology provider, announced Friday that it has received an in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for its application of the major payment institution (MPI) license for its Singapore entity, Reap Singapore. Reap said in a statement that obtaining the IPA marks a significant milestone for Reap. It noted Reap is committed to...

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