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Swiss fintech firm additiv expands APAC operations with new Indonesia officeAdditiv, a Switzerland-based digital solutions and platforms for the financial services industry, has on Monday announced the opening of its new office in Jakarta, Indonesia, marking the expansion of its Asia Pacific operations. This strategic move reinforces additiv’s commitment to the region and positions the company to better support financial institutions in their digital...0 Comments 0 Shares 834 Views 0 Reviews
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Tracxn : Southeast Asia’s FinTech funding drops 23 percent in 2024Southeast 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...0 Comments 0 Shares 2K Views 0 Reviews
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Ant International opens first middle east office in Saudi ArabiaAnt International, a global digital payment, digitization and financial technology provider, has opened a new office location in the central business district of Al-Olaya, Riyadh, Kingdom of Saudi Arabia (KSA), following its successful technical certification as a Payment Technical Service Provider (PTSP) from Saudi Central Bank (SAMA). With the new office launch, Ant International will work...0 Comments 0 Shares 610 Views 0 Reviews
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Atome Financial grows credit facility to $80M with BlackRock Private Credit, InnoVen Capital fundingAtome Financial, a Singapore-based digital financial technology platform and part of Advance Intelligence Group, has secured funding from BlackRock Private Credit, InnoVen Capital, growing its credit facility to $80 million. Atome Financial said in a statement on Wednesday that it has secured a private credit fund managed by BlackRock, and InnoVen Capital as new consortium members in the...0 Comments 0 Shares 564 Views 0 Reviews
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CGC Digital, Funding Societies, and FarmByte team up to support agricultural financing in MalaysiaMalaysia-based fintech firm CGC Digital, Singapore-based financing platform Funding Societies | Modalku, and Malaysia-based agricultural digital service firm FarmByte have teamed up to support agricultural financing in Malaysia. The trio said in a statement on Wednesday that they have signed a memorandum of understanding (MoU) aimed at narrowing the financing gap for micro, small, and medium...0 Comments 0 Shares 613 Views 0 Reviews
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CVC Funds agree sale of OANDA to FTMOCVC Asia Fund IV, via its holding limited partnership, has entered into an agreement for the sale of OANDA Global Corporation (OANDA) to FTMO group (FTMO). The terms of the transaction, which is subject to customary regulatory approvals, are not disclosed, CVC said in a statement on Monday. Founded in 1996, OANDA is a leading, global digital platform for active traders, offering multi-asset...0 Comments 0 Shares 711 Views 0 Reviews
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Green Packet secures digital lending license in MalaysiaMalaysia-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...0 Comments 0 Shares 2K Views 0 Reviews
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Hong Kong’s Reap receives in-principle approval for MPI license from MASReap, 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...0 Comments 0 Shares 2K Views 0 Reviews
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Malaysia’s Payd secures $400,000 seed extension funding from A2D Ventures, Orbit Startups, AngelSparkPayd, a Malaysian fintech company specializing in earned wage access (EWA) solutions, has successfully raised a $400,000 seed extension round from A2D Ventures, Orbit Startups, and AngelSpark. This investment will accelerate Payd’s mission to enhance the financial well-being of employees across Southeast Asia, Payd said in a statement on Monday. Payd is a financial well-being platform...0 Comments 0 Shares 489 Views 0 Reviews
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Singapore’s 129Knots launches with $10M investment led by Sing FuelsSingapore-based fintech venture 129Knots has launched with a $10 million investment led by Sing Fuels. Backed by a $500 million deal pipeline, it is set to revolutionize the industry with its real-world asset origination to distribution (OTD) technology, 129Knots said in a statement on Monday. According to the statement, the OTD technology will reinvent deep-tier industries by delivering and...0 Comments 0 Shares 736 Views 0 Reviews
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Singapore’s Finmo secures $18.5M in Series A funding round co-led by Quona Capital, PayPal VenturesFinmo, the Singapore-based treasury operating system (TOS), has on Thursday announced its successful oversubscribed $18.5 million Series A funding round, bringing its total funding to $27 million. The firm said in a statement that the funding round was co-led by investors Quona Capital and PayPal Ventures with participation from Citi Ventures. Known for their investment focus on cutting-edge...0 Comments 0 Shares 931 Views 0 Reviews
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Singapore’s Syfe offers to acquire ASX-listed investment platform Selfwealth for $41MSyfe, a Singapore-based saving and investment platform, has made a non-binding indicative offer to acquire Selfwealth, one of Australia’s largest digital investing platforms, for A$65 million ($40.83 million) cash. Syfe said in a statement on Wednesday that the proposed acquisition will add Selfwealth’s platform to Syfe’s existing business, significantly expanding its...0 Comments 0 Shares 835 Views 0 Reviews
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