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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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2024-11-18 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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2024-11-20 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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