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2024-12-19 08:15:57

Malaysian fintech startup Swipey secures investment from 1337 Ventures
Swipey, a Malaysian fintech startup, has secured a funding from 1337 Ventures to boost small and medium-sized enterprise (SME) financial management. Swipey said in a statement on Wednesday that the investment is part of its broader funding plan which will enable the firm to further its mission in delivering seamless and automated user-friendly financial tools and processes. With the backing...

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2024-11-18 07:45:17

Saudi fintech Lean Technologies raises $67.5m series B
A fintech infrastructure firm, Lean Technologies, has raised US$67.5 million in a Series B funding round from Saudi Arabia. General Catalyst led the investment, with Bain Capital Ventures, Duquesne Family Office, and Arbor Ventures participating. This round marks the first Saudi investment for the US-based investors involved. It also increases Lean’s total funding to US$100 million....

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2024-11-20 11:14:15

Solarvest partners Finhero to launch Vietnam’s first solar financing Fintech solution
Solarvest Holdings Berhad (Solarvest), a Malaysia-based clean energy firm, has partnered Malaysian fintech firm Finhero, to officially launch its Powervest solar financing program in Vietnam to support clean energy transition among Vietnamese businesses. The launch represents a significant step in Solarvest’s regional expansion, Solarvest said in a statement on Tuesday. It is noted that...

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2024-12-18 11:50:11

Swedish FinTech firm Vilja to open an additional development center in Malaysia
Swedish FinTech firm Vilja has announced the opening of a new development center in Kuala Lumpur, Malaysia, which will launch in 2025. The company said in a statement on Monday that it will invest an initial MYR 50 million ($11.18 million) over the first five years. This aligns with the company’s global expansion strategy to drive digital innovation, focusing on artificial intelligence...

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2024-11-27 15:15:38

Temasek-backed blockchain FinTech firm Partior welcomes Deutsche Bank as strategic investor
Partior, a Singapore-based blockchain-based fintech for real-time clearing and settlement, announced Wednesday that Deutsche Bank has joined its Series B funding round as a strategic investor, bringing the total investment to $80 million. This marks the close of the second round in Partior’s Series B funding and comes on the heels of the first close led by Peak XV Partners in July 2024...

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2024-11-18 08:43:12

Tencent’s operating profit climbs 19%, fueled by gaming and fintech gains
Game titles like Honor of Kings and Valorant remain key drivers of Tencent’s growth. Chinese tech giant Tencent posted solid Q3 2024 financial results, reflecting its adaptability and growth across key sectors. The company’s unaudited report for the quarter ending September 30 showed year-on-year (YoY) growth in revenue, profit, and user metrics, underscoring Tencent’s focus...

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2024-11-20 15:27:44

Buy Now Pay Later market in Southeast Asia set to exceed $50B by 2027 – report
According to UnaFinancial’s estimates, by 2023, BNPL had been adopted by 20.6 percent of adults in Southeast Asia. In Singapore, its adoption reached 31.3 percent, in the Philippines – 27 percent, and in Malaysia – 24.4 percent. Indonesia, Vietnam, and Thailand follow, with approximately one-fifth of adults in each country opting for BNPL. Collectively, the Philippines and...

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2024-12-05 14:07:35

Global Insurtech firm discovermarket expands into Latin America, launching in Brazil
discovermarket, a Singapore and Switzerland-headquartered Insurtech company, has announced on Wednesday its official launch in Latin America, beginning with the establishment of a legal entity in Brazil. With this expansion, discovermarket aims to transform the future of embedded insurance in the region by bringing innovative insurance solutions, technology, and expertise to Latin...

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2024-12-03 12:03:00

KPay secures $55M in Series A funding led by Apis Growth Markets Fund III & Apis Global Growth Fund III
Hong Kong-headquartered KPay Group (KPay), a one-stop financial management and business operations platform, announced on Tuesday the completion of its first institutional funding round, raising a record $55 million, the largest Series A globally in the payments sector in 2024. This landmark investment was led by Apis Growth Markets Fund III and Apis Global Growth Fund III (both of which Apis...

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2024-11-20 15:10:38

Singapore’s Atome Financial secures up to $200M syndicated facility to support financial inclusion in Southeast Asia
Southeast Asia’s digital financial services platform, Atome Financial has secured a syndicated credit facility of up to $200 million, which is being led and arranged by Hongkong and Shanghai Banking Corporation Limited (HSBC). The new facility is anchored by HSBC through its ASEAN Growth Fund and is also supported by DBS Bank Ltd, Sumitomo Mitsui Banking Corporation (SMBC) Singapore...

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2024-11-11 15:51:29

Singapore’s Capital C secures seven-figure investment in Pre-Series A funding
Singapore-based fintech services provider Capital C Corporation has secured a seven-figure sum in a pre-series A funding round from Phillip Private Equity, Azure Capital, and high-net-worth individuals. The strategic raise will go towards scaling Capital C’s expansion into new Southeast Asian markets, as well as the development of a super app designed to expand access to credit...

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2024-12-12 07:54:31

Singapore’s KAST secures $10M in seed round led by HSG, Peak XV Partners
KAST, a Singapore-based financial-technology platform built on stable coins, has raised $10 million in seed funding. The round is led by HongShan Capital Group (HSG) and Peak XV Partners, KAST said in a statement on Wednesday. A number of high-profile angels, partners of DST Global, and Goodwater Capital also joined the round. “For most countries and over half of global gross domestic...

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2024-12-18 11:47:50

Tracxn: Southeast Asia’s tech funding drops 59 pct on year to $2.84B in 2024
Southeast Asia (SEA) faces a challenging year in 2024, with tech funding plunging 59 percent year on year to $2.84 billion, according to Tracxn‘s latest report. The startup data platform said in a statement on Wednesday that SEA tech marked by a significant contraction in funding in 2024, amid a weak global economy. It noted the region’s tech ecosystem experienced a steep decline...

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