Singapore’s Endowus raises $35m as it eyes regional expansion
The round saw participation from existing investors including UBS Next, EDBI and Prosus Ventures.
The round saw participation from existing investors including UBS Next, EDBI and Prosus Ventures.
The funding comes as part of a renewal of the Financial Sector Technology and Innovation Scheme (FSTI 3.0).
The bank has struck an agreement this week to sell a 77.8% stake in AXS to the private equity firm.
With the solution, corporate clients of DBS China will be able to collect payments from their customers in e-CNY.
El Dimachki will join BIS from the Financial Conduct Authority (FCA) in the UK.
Aspire says its results have set “a new industry standard of sustainable growth”.
Bessemer Venture Partners and 01Fintech joined UK hedge fund Marshall Wace in providing the cash.
Lord will be tasked with forging partnerships, business development and executing marketing strategies.
Existing investor Tencent also increased its stake to become Tyme’s third-largest stakeholder.
Launching end of 2023, the new digital bank aims to support the adoption of digital assets worldwide.
With the partnership, the bank aims to expand the footprint of its solution across Asia and other markets.
What is needed within a large bank to ensure a BaaS proposition can be conceived, deployed and nurtured?
With the new feature, Singapore customers and businesses can now buy and sell directly in WhatsApp chats.
Sopnendu Mohanty, chief fintech officer at MAS, discussed the country’s strategies and successes at IFGS 2023.
The funding was disclosed in a recent filing with Singapore’s Accounting and Corporate Regulatory Authority.
Japanese banking giant Mizuho Bank led the funding round, contributing $125 million.
The round was led by Pivot Investment Partners and UBS via its venture arm UBS Next.
With the partnership, Clarency’s global customers will be able to send and receive payments on the Swift network.
Tap to Pay allows businesses to accept contactless payments using an NFC-enabled Android device.
The MAS and RBI will use a scalable cloud-based infrastructure to manage future increases in remittance volumes.
With the new funding, Aspire plans to build out its product offering and expand its regional presence.
The partnership makes Baiduri the first bank in Brunei to migrate to an AI-led credit risk management solution.
The round brings Tazapay’s total capital raised to $18.9 million.
Divyesh Vithlani brings more than 30 years’ worth of banking and technology experience to his new role.
Ramaswami most recently spent 12 years as president of the Singapore Exchange (SGX).
Trust Bank will make use of FIS’ real-time payments platform Open Payments Framework.
Featuring Ascendant, Evergreen, Komunal, Kwara, Pilon, and Sprinque.
Path Solutions founder and CEO Mohammed Kateeb is to leave the firm after managing its sale to Azentio Software in 2021.
Keyrock plans to invest in infrastructure development and regulatory licensing.
Through the acquisition, Tonik aims to augment its lending portfolio.
The start-up uses machine learning to help businesses automate accounting, payroll and tax reporting.
Trust has picked the vendor’s Vault Core solution to power its new digital banking offering.
The two countries signed an MoU to remove regulatory barriers to fintech trade.
The firm has signed up Mongolia’s first neobank, M bank, to help build out its digital lending business.
The deal was signed in June and concluded in July, as part of Circle’s acquisition of CYBAVO earlier this year.
The latest equity round brings total funds raised by ADDX since 2017 to around $140 million.
The solution will provide the bank’s SME clients with data-driven insights and forecasting capabilities.
Gelebart has spent the past 14 years working for digital financial services firms across Africa and Asia.
According to Crunchbase, the company raised $1.3 million in seed funding in March.
The funding round, led by ParaFi Capital’s Growth Fund, saw participation from high-profile angel investors.