PayU Acquires Red Dot To Move Into SE Asia
Naspers-owned FinTech PayU is pushing into Southeast Asia with a deal to acquire a majority stake in Singapore-based Red Dot Payment. Naspers specializes in developing markets in India, Latin America,...
View ArticleVisa Backs GO-JEK For Cashless Payments In Southeast Asia
As Go-Jek continues its ongoing Series F fundraising, Visa has jumped onboard as both investor and collaborator. The two companies are working together to offer more options for cashless payments and...
View ArticleVietnam Startup Funding Jumps 90 Pct. YOY
Startup companies in Vietnam, ranging from FinTech to logistics and artificial intelligence, are attracting a record amount of venture capital money in the country, according to a report by the...
View ArticleSoutheast Asia’s SMB FinTechs Score Big
Although funding for the B2B FinTech market appears to be in a summer slumber, this week’s roundup shows a clear winner: Southeast Asia’s alternative SMB finance market. Investors backed three...
View ArticleClik here to view.
Banks Tap FinTechs For Remittance Overhaul
The cross-border payment market is thriving, and trends are expected to continue over the next few years. In fact, cross-border payments are expected to reach $240 billion in value by 2024. For these...
View ArticleGrab Accelerates AI Expansion With $150M
Grab is planning to earmark $150 million for additional research into artificial intelligence (AI), Bloomberg reported on Thursday (Sept. 5). Over the next year, the Southeast Asian ride-hailing...
View ArticleIndonesian Lending FinTech JULO Closes $15M Series A
Indonesian peer-to-peer lending platform JULO is closing its Series A2 funding round with $15 million raised, after extending its initial $5 million Series A funding by an additional $10 million,...
View ArticleMalaysia Regulator To Rule On Grab Anti-Competition Probe
The Malaysia Competition Commission (MyCC) has launched a probe against ride-hailing firm Grab and will soon arrive at a decision about the matter, Reuters reported on Wednesday (Oct. 2). A resolution...
View ArticleUber To Focus On Emerging Markets On The Road To Profitability
Uber said it will focus on emerging markets in the next 10 years, although it is unsure when it will be profitable as a company. Reuters is reporting that despite the issues Uber has encountered in...
View ArticleGojek’s New Co-CEOs Plan For Dual Listing, Expanded Market Share
Gojek, an Indonesia-based ride-hailing and payments company, has said it’s getting ready for a dual listing, and it’s looking for a larger share of the regional market. The company’s two new chief...
View ArticleNium, Formerly InstaRem, Drops Bank License Pursuit
Singapore FinTech startup Nium — formerly branded InstaReM — is dropping its pursuit to compete for a digital wholesale banking license in the city-state, Bloomberg reported on Tuesday (Nov. 5). The...
View ArticleGrab CEO: No IPO Until Business Shows Profits
Grab Chief Executive Officer (CEO) and Co-Founder Anthony Tan said the Southeast Asia ride-hailing platform will not launch an initial public offering (IPO) until the company is profitable, CNBC...
View ArticleAs Mobile Wallets Players Compete, What Will It Take To Win?
There are, as of last count, approximately 170 mobile wallets of various descriptions worldwide. Some are massive and deep-pocketed and have active user counts in the billions, while others are...
View ArticleAnt Financial Ramps Up SEA Capital With $1B Fund
China’s Alibaba affiliate Ant Financial is drumming up $1 billion to fund startups in Southeast Asia and India, Bloomberg reported on Tuesday (Nov. 26) citing a source. Jack Ma’s FinTech firm has its...
View ArticleSingapore’s FinAccel FinTech Lands $90M To Grow Credit Lending App
Singapore-based FinAccel has raised $90 million in a funding round led by Asia Growth Fund (a joint venture between Mirae Asset and Naver) and Square Peg. Singtel Innov8, TMI (Telkomsel Indonesia),...
View ArticleGrab Launches GrabPay Card
Grab is introducing Asia’s first numberless card in batches, with Singapore launching on Thursday (Dec. 5) and the Philippines during the first quarter 2020, the company announced in a press release....
View ArticleP2P Euro Lender Robocash Seeks Funding In Southeast Asia
Robocash Group, a peer-to-peer (P2P) lending platform, aims to raise $5 million in the next half-year from investors in Europe who want to invest in Southeast Asia, particularly Singapore, according to...
View ArticleMalaysian eCommerce Firm Takes 7-Figure Stake In BizApp
Commerce.Asia, an all-in-one eCommerce and technology company, has purchased a 30 percent stake in business platform BizApp, which helps businesses and brands manage daily operations and order...
View ArticleVolocopter, Grab Partner On Air Taxi Study In Southeast Asia
German urban air mobility startup Volocopter is partnering with ridesharing and payments startup Grab to launch a joint feasibility study to bring air taxi services to Southeast Asia, Volocopter...
View ArticleSingapore’s Credify Raises $1M To Expand Into Southeast Asia
Software development company Credify, based in Singapore, has raised $1 million in a seed funding round from SoftBank-backed artificial intelligence (AI) incubator Deepcore, as well as Beenext,...
View Article
