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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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2024-11-11 16:06:36

China’s PepperHi secures angel funding led by Wisee Capital to accelerate cross-border expansion & innovation
PepperHi Global Ventures, a China-based venture studio specializing in cross-border innovation and market expansion–acts as a strategic bridge between China and global market, has completed an angel round funding led by Wisee Capital, with participation from TusHoldings Seeds Fund and Kairous Capital. The funds will support the local market access team and operational expansions across...

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2024-11-18 07:19:11

Moody’s Ratings upgrades Grab’s CFR to B1; outlook remains positive
Moody’s Ratings has upgraded the corporate family rating (CFR) of Grab Holdings Inc to B1 from B2 and maintained the positive outlook. Moody’s said in a note on Monday the rating upgrade reflects its view that Grab will generate positive earnings and cash flows on a sustained basis. “Although its nascent digital banking operations are currently incurring losses, this is...

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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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2024-11-20 15:30:06

Temasek-backed 65 Equity Partners acquires 13 percent stake in Chinese cloud platform Tuya
Tuya Inc., a China-based cloud platform service provider, has on Monday announced that a definitive agreement has been entered into in respect of a strategic investment by 65 Equity Partners through its purchase of an approximate 13 percent of Tuya’s total issued shares from New Enterprise Associates (NEA). “This investment via the Anchor Fund aligns strategically with our mandate...

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